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SUMMARY OF REVISIONS SINCE THE LAST ISSUE OF THIS PUBLICATION
Table 28 summarises revisions, in original current price terms, since the last issue of this publication.
Incorporation of the latest survey and administrative data has resulted in revisions to the balance of payments series back to September quarter 2015. In original current price terms, these revisions have:
The International Investment Position (IIP) has been revised back to September quarter 2015. Major contributors to the revisions were due to late forms, the addition of units to the frame and revised data from reporting units. These revisions have decreased Australia's net IIP liability $1,867m to a net liability position of $1,041,412m at 30 September 2016.
Seasonally adjusted and trend series have been revised due to the incorporation of revised estimates and the incorporation of estimates for the latest quarter.
In seasonally adjusted terms, the revisions increased the volume surplus on goods and services by $863m for the September quarter 2016.
Data in this issue aligns with the data in the December quarter 2016 issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) to be released on 1 March 2017.
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