Table I.4 Revisions to gross domestic product (growth rates)
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| Reference period | Initial estimate1 | Previous estimate2 | Revised estimate3 | Current revision4 | Cumulative revision5 |
|---|---|---|---|---|---|
| current dollars | |||||
| % | percentage points | ||||
| 2005 | 6.1 | 6.3 | 6.4 | 0.1 | 0.3 |
| 2006 | 4.9 | 5.7 | 5.5 | -0.2 | 0.6 |
| 2007 | 5.9 | 5.9 | 5.8 | -0.1 | -0.1 |
| 2008 | 4.4 | 4.4 | 4.4 | 0.0 | 0.0 |
| First quarter 2005 | 1.0 | 0.9 | 1.0 | 0.1 | 0.0 |
| Second quarter 2005 | 1.3 | 1.5 | 1.5 | 0.0 | 0.2 |
| Third quarter 2005 | 2.8 | 2.7 | 2.7 | 0.0 | -0.1 |
| Fourth quarter 2005 | 2.0 | 2.1 | 2.2 | 0.1 | 0.2 |
| First quarter 2006 | 0.2 | 1.0 | 1.0 | 0.0 | 0.8 |
| Second quarter 2006 | 0.2 | 0.9 | 0.6 | -0.3 | 0.4 |
| Third quarter 2006 | 0.6 | 0.9 | 0.9 | 0.0 | 0.3 |
| Fourth quarter 2006 | 0.7 | 0.6 | 0.7 | 0.1 | 0.0 |
| First quarter 2007 | 2.4 | 2.5 | 2.5 | 0.0 | 0.1 |
| Second quarter 2007 | 2.3 | 2.2 | 2.1 | -0.1 | -0.2 |
| Third quarter 2007 | 0.5 | 0.3 | 0.5 | 0.2 | 0.0 |
| Fourth quarter 2007 | 1.3 | 1.2 | 1.4 | 0.2 | 0.1 |
| First quarter 2008 | 1.1 | 1.2 | 1.2 | 0.0 | 0.1 |
| Second quarter 2008 | 2.5 | 2.6 | 2.5 | -0.1 | 0.0 |
| Third quarter 2008 | 1.2 | 0.9 | 0.9 | 0.0 | -0.3 |
| Fourth quarter 2008 | -3.5 | -3.5 | -3.8 | -0.3 | -0.3 |
| chained (2002) dollars6 | |||||
| % | percentage points | ||||
| 2005 | 2.9 | 2.9 | 3.0 | 0.1 | 0.1 |
| 2006 | 2.7 | 3.1 | 2.9 | -0.2 | 0.2 |
| 2007 | 2.7 | 2.7 | 2.5 | -0.2 | -0.2 |
| 2008 | 0.5 | 0.5 | 0.4 | -0.1 | -0.1 |
| First quarter 2005 | 0.6 | 0.2 | 0.3 | 0.1 | -0.3 |
| Second quarter 2005 | 0.8 | 0.7 | 0.7 | 0.0 | -0.1 |
| Third quarter 2005 | 0.9 | 1.0 | 1.0 | 0.0 | 0.1 |
| Fourth quarter 2005 | 0.6 | 1.1 | 1.0 | -0.1 | 0.4 |
| First quarter 2006 | 0.9 | 1.0 | 1.0 | 0.0 | 0.1 |
| Second quarter 2006 | 0.5 | 0.4 | 0.3 | -0.1 | -0.2 |
| Third quarter 2006 | 0.4 | 0.3 | 0.1 | -0.2 | -0.3 |
| Fourth quarter 2006 | 0.4 | 0.5 | 0.5 | 0.0 | 0.1 |
| First quarter 2007 | 0.9 | 1.0 | 0.9 | -0.1 | 0.0 |
| Second quarter 2007 | 0.8 | 1.0 | 1.0 | 0.0 | 0.2 |
| Third quarter 2007 | 0.7 | 0.6 | 0.5 | -0.1 | -0.2 |
| Fourth quarter 2007 | 0.2 | 0.2 | 0.3 | 0.1 | 0.1 |
| First quarter 2008 | -0.1 | -0.2 | -0.2 | 0.0 | -0.1 |
| Second quarter 2008 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Third quarter 2008 | 0.3 | 0.2 | 0.1 | -0.1 | -0.2 |
| Fourth quarter 2008 | -0.8 | -0.8 | -0.9 | -0.1 | -0.1 |
|
1. For annual data, the initial estimate is from the fourth quarter of the corresponding year, for quarterly data, it is the estimate first published for the corresponding quarter. The initial annual estimate is not the average of the initial quarterly estimates as the latter have already been revised by the time the initial annual estimate is released. 2. For 2005, 2006 and 2007, the previous estimate is the one released with the first quarter of 2008, while for 2008 it is from the fourth quarter issue of 2008. 3. The revised estimates are the result of the first quarter of 2009. 4. The current revision is the revised estimate less the previous estimate. 5. The cumulative revision is the revised estimate less the initial estimate. 6. For 2005 and 2006, the initial estimate is in chained (1997) dollars. |
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