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Goods and Services Trade by Country: Year ended June 2017
Embargoed until 10:45am  –  04 September 2017
Revisions

Updates to previously published figures

The figures in this release are subject to revision when new data becomes available, and when methodology is improved to ensure the accuracy of our statistics. This year, we made revisions to include both new data, and improvements for the methodology used to produce the country breakdown of the services data.

June 2017 annual revisions to services data

Services data is revised in line with the balance of payments revisions cycle. This means that on a quarterly basis, we revise the previous quarter's published data.

On an annual basis (in the June quarter each year), we introduce and publish revisions to multiple quarters. There is no specified time period for how far back revisions will apply. We assess each revision on a case-by-case basis to identify the magnitude and number of periods affected. Services data was revised as far back as the December 2011 quarter in the June 2017 revision cycle.

For this release we made the following revisions, which affected previously published year-ended-in-quarter figures:

  • updated data collected from the International Trade in Services and Royalties Survey, quarterly transport surveys, and the Quarterly International Investment Survey insurance data.

June 2017 methodology revision to full services by country time series – March 2007 to June 2017

In addition to the annual data revisions, we made changes to the existing methodology used to produce the services by country data. The changes include improvements and updates in the underlying data to ensure they are consistently treated across all services and the balance of payments.

We backdated the methodology updates across the full time series (from the March 2007 year to the June 2017 year) to ensure consistency. There will be varied effects across services data by country. The series reference IDs and descriptors in Infoshare, the CSVs, and the tables produced for the release will remain the same.

The goods data by country will not be affected by these changes.

Please let us know if you have any further questions following the release of the data.

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