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5204.0 - Australian System of National Accounts, 2011-12 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/11/2012   
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NOTES


CHANGES IN THIS ISSUE

This issue of the Australian System of National Accounts (5204.0) incorporates the 2010-11 annual supply and use tables. For information on the role of supply and use tables in the national accounts and the major revisions please see the 'Analysis of Results' section within this publication. The revisions are to component series and have revised GDP growth for 2010-11 to 2.4% from the 1.9% published in the June quarter 2012 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). There are also revisions to 2011-12 estimates arising from the 2010-11 benchmarks, new data and data confrontation to balance the accounts.

This issue also incorporates a methodological change to the contributions to growth calculation for chain volume measures. This change results in contributions to growth that sum to the chain volume growth rate of GDP in periods prior to the current reference year. Contributions to growth in the reference year and in periods later than the reference year were previously additive, and this is still the case. For information on this change please see the 'Feature Article: Forthcoming changes to the calculation of contributions to growth in the National Accounts' published in June quarter 2012 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0).

Additional data for Mining has been included in this issue. Gross value added for Iron ore mining and Mining inventories are now published separately.

A quality declaration for the Australian System of National Accounts (cat. no. 5204.0) is available on the web page associated with this product.


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