Dataset:UK Economic Accounts time series

Corrections

10 October 2019

A processing error was discovered in the historical data (1990 to 1997) within the following outputs:

• Table 1.1.6 of the UK Economic Accounts publication
• Tables AA, AE, B1 and B2 and GDP(O) low-level aggregates of the quarterly national accounts publication
• the time series datasets associated with these publications

This error affected the industry breakdown of output gross value added (GVA) for these years, but the totals were correct.

Please note that top level estimates of gross domestic product (GDP) are unaffected by this error.

This error has now been corrected.

We apologise for any inconvenience caused.

Notices

8 October 2019

An error has been identified within the Trade in Services by country split and impacts tables B6, B6A, B6B, B6B_2, B6B_3, B6C, B6C_2, B6C_3 within the ‘UK Economic Accounts: balance of payments - current account’ publication tables as well as the corresponding time series. This was caused by a processing error within Trade and does not affect the whole world totals for Trade and the current account. This error has resulted in the below annual impacts:

Trade in services for Russia; exports, imports and balance for 2015 and will indicatively increase by £1.0 billion for exports, £0.3 billion for imports and £0.7 billion for the balance. This will also impact total trade in goods and services and the total current account for Russia.

Trade in services for USA, exports and balance for the years 2010 to 2018 and has indicative average change of £0.4 billion per year for exports and balance. This will also impact total trade in goods and services and the total current account for the USA.

Trade in services for Hong Kong, exports and balance for 2012 and will indicatively decrease by £0.4 billion for exports and balance. This will also impact total trade in goods and services and the total current account for Hong Kong.

Smaller impacts will also be seen for the other countries noted within these tables alongside the EU and EMU within the time period 1999 to 2018 for trade in services, total trade in goods and services and the total current account by country.

Total trade in services and all other data in this release is not affected.

We apologise for the inconvenience and will correct the error at the first opportunity. This will follow the below schedule:

Trade in services (2016 to present) will be updated within the ‘UK trade in services by partner country experimental data’ release on 23 October 2019.

UK Economic Account tables and time series will be updated on 31 October 2019, in line with the publication of the UK Balance of Payments, The Pink Book: 2019.