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5204.0 - Australian System of National Accounts, 2012-13 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 01/11/2013   
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NOTES


CHANGES IN THIS ISSUE

This issue of the Australian System of National Accounts (5204.0) incorporates the 2011-12 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. There are also revisions to 2012-13 estimates arising from the 2011-12 benchmarks, new data and data confrontation to balance the accounts. These revisions are to component series and have revised GDP growth for 2011-12 to 3.6% from the 3.4% published in June quarter 2013.

This issue also incorporates a methodological change to pre 1985-86 for the calculation and aggregation of Chain Volume (CVM) GDP expenditure components. This change will be applied to measures in the 2012-13 issue of the Australian System of National Accounts (cat. no. 5204.0) and the September quarter 2013 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). This change removes a break in series so that CVM methodology is applied back to the beginning of the time series in 1959-60. This has allowed suppression of pre 1985-86 estimates for Real Gross Domestic Income and contributions to growth for GDP Expenditure components to be removed, which were required due to issues caused by the break in series. This change has resulted in some revisions to CVM components and aggregates of GDP expenditure. The methodology change has not resulted in significant revisions to total CVM GDP.

A quality declaration for the Australian System of National Accounts (cat. no. 5204.0) is available on the web page associated with this product. The document also foreshadows future changes to the accounts.


FORTHCOMING NATIONAL ACCOUNTS RELEASES

For information on related national accounts publications and papers to be released in the next three months see the section Related National Accounts Releases on page 17.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts on Canberra (02) 6252 6711.


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