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National Accounts (Industry Benchmarks): Year ended March 2012
Embargoed until 10:45am  –  21 November 2014
Revisions

This release contains revisions arising from new and more up-to-date information. The revisions result from balancing the production and expenditure estimates of gross domestic product (GDP) within a supply and use framework.

Before balancing, we adopted updated and new benchmarks (mainly based on the 2011 and 2012 Annual Enterprise Surveys) for the production-based estimates. We also included updated and new information from other data sources, which resulted in revisions to the estimates for the years ended March 2011 and March 2012.

Methodology changes are included in the national accounts in 2014, which affect this information release.

The key changes are: 

  • those resulting from updated international standards
  • other corrections and improvements.

See Data quality for more information.

Gross domestic product revisions summary
Percentage change from previous year

Year ended March

Gross operating surplus

Compensation of employees

Gross domestic product

Published Nov 2013

Published Nov 2014

Published Nov 2013

Published Nov 2014

Published Nov 2013

Published Nov 2014

2009

-3.2

-3.0

5.2

5.2

0.8

0.9

2010

4.0

4.3

1.1

1.1

2.6

2.7

2011

6.0

4.3

3.2

3.6

4.6

4.6

2012

3.9

3.3

4.0

3.8

4.3

4.3

 

Note: the decrease to operating surplus in 2011 and 2012 March years is largely offset by a revision to indirect taxes following a correction to our methodology.

Expenditure on GDP revisions summary
Percentage change from previous year

Year ended March

Gross fixed capital formation

Private final consumption expenditure

Expenditure on GDP

Published Nov 2013

Published Nov 2014

Published Nov 2013

Published Nov 2014

Published Nov 2013

Published Nov 2014

2009

-4.5

-4.0

2.4

2.4

0.8

0.9

2010

-9.1

-8.1

3.2

3.3

2.6

2.7

2011

1.2

2.1

4.3

4.0

4.6

4.6

2012

4.0

5.3

5.3

5.1

4.4

4.3

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