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The international statistical standards for compilation of the National and International Accounts have been recently revised. The revised statistical standards are the System of National Accounts 2008 and the Sixth edition of the Balance of Payments Manual. This information paper describes the key changes from these standards, and describes the impact on selected key aggregates from the Australian System of National Accounts and the Balance of Payments and International Investment Position. The paper also includes a description of issues which the ABS will either not comply with or will not be implemeting in order to portray an accurate picture of the Australian economy. A range of new or revised models used in compilation of the National and International Accounts are discussed in detail.
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