The 2004 to 2007 revisions of the Income and Expenditure Accounts

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Table 6 Revisions to expenditure aggregates at current prices
Reference period	Initial estimate¹	Previous estimate²	Revised estimate³	Current revision⁴	Cumulative revision⁵
Reference period	millions of dollars
Personal expenditure on consumer goods and services
2004	722,631	720,401	719,917	-484	-2,714
2005	761,962	760,701	759,239	-1,462	-2,723
2006	801,810	803,502	803,260	-242	1,450
2007	853,966	853,966	852,770	-1,196	-1,196
Government current expenditure on goods and services
2004	249,771	248,868	247,397	-1,471	-2,374
2005	262,369	262,650	260,197	-2,453	-2,172
2006	282,667	279,806	278,922	-884	-3,745
2007	298,067	298,067	296,472	-1,595	-1,595
Government gross fixed capital formation
2004	32,702	32,082	32,504	422	-198
2005	35,129	36,296	36,952	656	1,823
2006	37,382	40,336	40,899	563	3,517
2007	43,715	43,715	45,711	1,996	1,996
Government investment in inventories
2004	21	21	21	0	0
2005	27	27	27	0	0
2006	-41	-41	-41	0	0
2007	15	15	15	0	0
Business investment in residential structures
2004	84,470	82,918	82,965	47	-1,505
2005	89,595	89,791	89,731	-60	136
2006	96,941	98,386	98,473	87	1,532
2007	108,592	108,592	108,726	134	134
Business investment in non-residential structures
2004	54,243	62,081	62,058	-23	7,815
2005	63,938	72,674	72,553	-121	8,615
2006	80,681	85,698	84,756	-942	4,075
2007	92,800	92,800	88,895	-3,905	-3,905
Business investment in machinery and equipment
2004	85,641	84,435	84,732	297	-909
2005	91,354	90,609	93,035	2,426	1,681
2006	94,109	93,801	99,853	6,052	5,744
2007	96,244	96,244	104,069	7,825	7,825
Business investment in inventories
2004	7,219	5,589	5,238	-351	-1,981
2005	9,469	9,642	9,330	-312	-139
2006	7,223	7,824	8,093	269	870
2007	7,152	7,152	9,806	2,654	2,654
Exports of goods and services
2004	494,519	495,347	495,980	633	1,461
2005	518,256	520,379	518,909	-1,470	653
2006	525,611	524,706	522,698	-2,008	-2,913
2007	534,669	534,669	532,118	-2,551	-2,551
Imports of goods and services
2004	437,404	440,732	440,314	-418	2,910
2005	464,030	468,197	467,852	-345	3,822
2006	487,379	487,660	487,048	-612	-331
2007	503,445	503,445	502,255	-1,190	-1,190
Notes: 1. For annual data, the initial estimate is from the fourth quarter of the corresponding year. 2. For 2004, 2005 and 2006, the previous estimate is the one released with the first quarter of 2007, while for 2007 it is from the fourth quarter issue of 2007. 3. The revised estimates are the result of the revisions at the time of the first quarter 2008. 4. The current revision is the revised estimate less the previous estimate. 5. The current revision is the current revision less the initial estimate.