5220.0 - Australian National Accounts: State Accounts, 2008-09 (Reissue)

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/12/2009 Reissue

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Main Features Analysis of results About this Release History of Changes Smaller states lead growth rate (Media Release)	NOTES ABOUT THIS PUBLICATION Australian National Accounts: State Accounts 2008-09 (Cat. no. 5220.0) will be re-issued on Tuesday December 22 to correct errors in the original release. The most significant change will be a revision to chain volume estimates of imports into the Northern Territory, resulting in a revision to the growth of Gross State Product for the Northern Territory in 2008-09. Changes will also be made to a number of other tables as incorrect series were being shown in some rows. These changes are presentational and do not change key aggregates.This release of the Australian National Accounts State Accounts has been re-issued to correct errors. The most significant change is the revision of chain volume estimates of imports into the Northern Territory, resulting in a significant revision to the growth of Gross State Product for the Northern Territory in 2008-09. Changes have been made to a number of other tables as incorrect series were being shown in some rows. These changes are presentational and do not change key aggregates. This publication contains state and territory estimates of gross domestic product (referred to as gross state product (GSP)) and its components, in current price and volume terms, for the years 2000-01 to 2008-09. CHANGES IN THIS ISSUE There are a number of significant changes in this issue. This is the first release to move to the new international standards System of National Accounts 2008 (SNA08) and Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), and to the new industry classification Australian and New Zealand Standard Industrial Classification, 2006 (ANZSIC06) and Standard Economic Sector Classification of Australia, 2008 (SESCA08). These changes result in revisions to the entire national accounts time-series. To inform users of these changes, a number of information papers have been released in the lead up to this issue: For detail on the new industry classification see Australian and New Zealand Standard Industrial Classification 2006 (cat. no. 1292.0) For discussion of the new standards see Information Paper: Introduction of revised international standards in ABS economic statistics in 2009, 2007 (cat. no. 5310.0.55.001) For indicative impacts of these changes and discussion of new methodologies see Information Paper: Implementation of new international standards in ABS National and International Accounts, September 2009 (cat. no. 5310.0.55.002) For the new table structures and identifiers see Information paper: Product changes to State Accounts following revisions to international standards, 2009 (cat. no. 5220.0.55.004). DATA VALUES AND ROUNDING All values, unless otherwise indicated, are shown in Australian dollars rounded to the nearest million. Where figures have been rounded, discrepancies may occur between the sums of the component items and totals. NEXT ISSUE The 2009-10 issue of this publication is expected to be released in November 2010. INQUIRIES For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or David Blair on Canberra (02) 6252 5892. Document Selection These documents will be presented in a new window.