12 August 2021

As part of the GDP first quarterly estimate (FQE) and quarterly national accounts (QNA) releases, a number of datasets are produced. Currently, both the GDP revision triangles and real time databases are produced in both estimates. These datasets aim to provide an indication of the accuracy of the data and shows revisions throughout its timeseries. However, in a FQE, in line with the National Accounts Revision Policy, there are not normally revisions to time series at this stage and as such, these datasets will not be produced during FQE in the future. The datasets will be continued to be published during QNA and any other GDP estimate where there are revisions to timeseries.

For further queries on this, please contact: GDP@ons.gov.uk.

19 October 2021

In the 30 September 2021 release of government final consumption expenditure an error has been identified in the calculation of quarterly general government chain volume measures for selected periods between Quarter 1 (Jan to Mar) 1997 and Quarter 4 (Oct to Dec) 2019. Annual figures are unaffected. Current price data are not impacted by this error and GDP quarterly growth rates are also unaffected. Corrected growth rates for quarterly general government data from 1997 can be found in the associated file. The balancing adjustments that are applied to the inventories data, as is usual during the GDP balancing process, have been reworked to offset this error. Underlying inventories data, excluding balancing adjustments, are unchanged. Affected data will be corrected as soon as National Accounts revision policy allows. The associated dataset provides an indication of these corrected numbers.