5206.0 - Australian National Accounts: National Income, Expenditure and Product, Sep 2019 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2019
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GDP growth rates, Chain volume measures, quarterly change
Contribution to GDP growth, Seasonally adjusted
September key points
Revisions in this issue
The estimates in this issue incorporate the 2017-18 annual supply and use tables. The supply and use tables incorporate revisions reflecting changes in methods, concepts, classifications and data sources. For more information on the role of supply and use tables in the national accounts and the major revisions please see the Analysis of Results section in Australian System of National Accounts, 2018-19 (cat. no. 5204.0).
This publication also includes the impact of re-referencing chain volume (CVM) estimates to the 2017–18 financial year. This in isolation will only affect levels of CVM estimates, generally leaving growth rates unchanged. Re-referencing can have an impact on CVM GDP growth (and other estimates) for the latest financial year (2017–18) if there are significant relative price changes between 2016–17 and 2017–18.
There are also revisions in this issue due to the incorporation of more up-to-date data and concurrent seasonal adjustment.
Changes in this issue
This issue includes the introduction of Mining private business investment and Non-mining private business investment in the accounts. The quarterly and annual series have been included in Table 24. Selected analytical series and Table 34. Key aggregates and analytical series, annual respectively. Methodology for these series can be found in Mining and Non-Mining Investment.
Change to Australia's Economic Territory
A new Maritime Boundary Treaty between Australia and Timor-Leste came into force on 30 August 2019. The new treaty provides exclusive jurisdiction of the former Joint Petroleum Development Area excluding Greater Sunrise in the Timor Sea to the Democratic Republic of Timor-Leste. From this publication onwards, data will reflect the new maritime boundary.
This issue includes a feature article titled 60 years of national accounts statistics in Australia and is available on the ABS website.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or National Accounts by email <firstname.lastname@example.org>.
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