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The 2003-2006 revisions of the Income and Expenditure Accounts

Table 5 Revisions to income aggregates at current prices
Reference period
Initial estimate1
Previous estimate2
Revised estimate3
Current revision4
Cumulative revision5
millions of dollars
Wages, salaries and supplementary labour income
2003
617,506
621,003
621,003
0
3,497
2004
638,868
651,888
654,957
3,069
16,089
2005
678,925
688,150
694,041
5,891
15,116
2006
730,075
730,075
737,382
7,307
7,307
Corporation profits before taxes
2003
146,417
144,821
144,501
-320
-1,916
2004
178,014
171,323
169,151
-2,172
-8,863
2005
193,936
189,455
189,357
-98
-4,579
2006
200,338
200,338
198,859
-1,479
-1,479
Government business enterprise profits before taxes
2003
10,102
12,290
12,604
314
2,502
2004
11,857
12,508
12,923
415
1,066
2005
13,370
14,481
14,578
97
1,208
2006
13,733
13,733
13,823
90
90
Interest and miscellaneous investment income
2003
50,625
49,679
49,989
310
-636
2004
56,845
54,084
54,109
25
-2,736
2005
61,240
60,403
61,070
667
-170
2006
63,418
63,418
65,310
1,892
1,892
Accrued net income of farm operators from farm production
2003
1,079
1,373
1,439
66
360
2004
1,700
3,256
3,106
-150
1,406
2005
1,551
1,706
1,321
-385
-230
2006
326
326
344
18
18
Net income of non-farm unincorporated business, including rent
2003
77,366
77,014
77,181
167
-185
2004
81,013
80,828
81,037
209
24
2005
84,666
84,500
83,636
-864
-1,030
2006
87,412
87,412
85,980
-1,432
-1,432
Inventory valuation adjustment
2003
4,941
4,178
4,262
84
-679
2004
-657
-1,574
-1,747
-173
-1,090
2005
-442
-326
-933
-607
-491
2006
-1,809
-1,809
-1,775
34
34
Taxes less subsidies, on factors of production
2003
55,717
56,083
56,072
-11
355
2004
57,661
59,099
58,998
-101
1,337
2005
59,961
61,402
61,847
445
1,886
2006
63,351
63,351
64,421
1,070
1,070
Taxes less subsidies, on products
2003
86,660
84,401
84,380
-21
-2,280
2004
93,248
89,465
89,838
373
-3,410
2005
94,750
93,895
94,334
439
-416
2006
97,229
97,229
97,161
-68
-68
Capital consumption allowances
2003
164,030
162,265
161,817
-448
-2,213
2004
174,216
169,858
168,274
-1,584
-5,942
2005
181,427
177,322
176,338
-984
-5,089
2006
185,505
185,505
184,750
-755
-755

Notes:

1. For annual data, the initial estimate is from the fourth quarter of the corresponding year.
2. For 2003, 2004 and 2005, the previous estimate is the one released with the first quarter of 2006, while for 2006 it is from the fourth quarter issue of 2006.
3. The revised estimates are the result of the revisions at the time of the first quarter 2007.
4. The current revision is the revised estimate less the previous estimate.
5. The cumulative revision is the revised estimate less the initial estimate.

Date Modified: 2007-05-31

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