National Income

Cabinet Office written question – answered on 14th January 2014.

Alert me about debates like this

Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion

To ask the Minister for the Cabinet Office what the estimates of GDP calculated on the separate bases of production, income and expenditure were for each quarter in the years 2007-08 to 2012-13 before reconciliation to produce the single GDP figure for each quarter; and if he will make a statement.

Photo of Nick Hurd Nick Hurd The Parliamentary Secretary, Cabinet Office, The Parliamentary Secretary, Cabinet Office

The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.

Letter from Glen Watson, dated January 2014

As Director General for the Office for National Statistics (ONS), I have been asked to reply to your Parliamentary Question asking what the estimates of GDP calculated on the separate bases of production, income and expenditure were for each quarter in the years 2007-08 to 2012-13 inclusive before reconciliation to produce the single GDP figure for each quarter (182415)

Current ONS publications only include unreconciled data for GDP for periods since 2011. For earlier years, only reconciled estimates of GDP are published which are consistent with the Input-Output Supply and Use tables for 1997-2011 published on 31 July 2013. For later periods, estimates from the three approaches to measuring GDP have slightly differing growth rates and levels.

Table 1 shows the latest GDP estimates consistent with the Quarterly National Accounts published on 20 December 2013. For quarters up to and including 2011, the reconciled figures are shown. For later quarters, the three unreconciled series are presented, together with the average of the three.

Table 1: GDP summary table1
Chained volume measures £ million
Gross domestic product at market prices2
  Seasonally adjusted Average estimate Expenditure-based estimate3 Income-based estimate3, 4 Output-based estimate3
2007 Q1 382 040
  Q2 386 977
  Q3 391 767
  Q4 392 205
2008 Q1 392 786
  Q2 389 239
  Q3 383 626
  Q4 375 388
2009 Q1 366 124
  Q2 364 573
  Q3 364 557
  Q4 366 107
2010 Q1 368 033
  Q2 371 779
  Q3 373 275
  Q4 372 529
2011 Q1 374 264
  Q2 374 628
  Q3 376 862
  Q4 376 462
2012 Q1 376 324 377 089 375 693 376 187
  Q2 374 754 375 873 374 004 374 383
  Q3 377 684 379 028 377 113 376 907
  Q4 377 231 378 632 377 118 375 940
2013 Q1 379 113 380 486 379 522 377 329
  Q2 382 090 383 417 382 866 379 987
  Q3 384 996 386 320 385 774 382 895
1 Data are consistent with the Quarterly National Accounts Q3 2013 publication which was published on 20 December 2013. 2 Data for the three approaches up to and including 2011 were reconciled and published in Blue Book 2013. Annually, this reconciliation is carried out through the construction of Input-Output Supply and Use tables. For years in which no supply and use balance has been struck (2012 onwards) a statistical discrepancy exists between estimates of the total expenditure components of GDP and the total income components of GDP. 3 Data exclude the statistical discrepancy adjustment but include any balancing adjustment work carried out 4 Income data deflated by the implied GDP deflator at market prices, which is based on expenditure data. Source: Office for National Statistics

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.