22 December 2020
As a result of the increased challenges and uncertainty in balancing quarterly GDP in this release, expenditure and income alignment adjustments for the quarters of 2019 do not sum to zero over the year.
While this alignment adjustment adds to both expenditure and income GDP in 2019, it does not change the annual 2019 rate of GDP growth to 1 decimal place. We will look to reconcile these differences in Blue Book 2021 in line with the National Accounts Revision policy.
The tables and series impacted are:
19 October 2021
In the 30 September 2021 release of government final consumption expenditure an error has been identified in the calculation of quarterly general government chain volume measures for selected periods between Quarter 1 (Jan to Mar) 1997 and Quarter 4 (Oct to Dec) 2019. Annual figures are unaffected. Current price data are not impacted by this error and GDP quarterly growth rates are also unaffected. Corrected growth rates for quarterly general government data from 1997 can be found in the associated file. The balancing adjustments that are applied to the inventories data, as is usual during the GDP balancing process, have been reworked to offset this error. Underlying inventories data, excluding balancing adjustments, are unchanged. Affected data will be corrected as soon as National Accounts revision policy allows. The associated dataset provides an indication of these corrected numbers.