Corrections and notices

Corrections

31 October 2019

UK Economic Accounts table 1.1.12 (Consumption of fixed capital): Due to system issues, ONS were unable to publish quality assured capital consumption data for 2018 and 2019 for the Non-financial corporations, Financial corporations and Households and Non-profit institutions serving households sectors at the time of publication. Updated data now shown in this table for 2018 and 2019 have been reviewed and are now fully consistent with the Quarterly National Accounts publication.

31 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. The data has now been corrected we apologise for the inconvenience.

09 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

26 November 2019

ONS has identified a processing error which affects the annual chained volume measure (CVM) and implied deflator for a small number of household final consumption expenditure (HHFCE) components. The error affects figures for 2017, 2018 and 2019 and has an impact on top level HHFCE, total gross domestic product (GDP) and Real Household Disposable Income (RHDI). At component level, the biggest impact is on the UK tourist and foreign tourist expenditure HHFCE categories.

Figures will be corrected when the relevant periods are next open for revision. For 2018 and 2019, this will be in the 2019 Q3 editions of Consumer Trends, Quarterly National Accounts and Quarterly Sector Accounts, published on 20 December 2019. For 2017 it will be in the 2020 Q2 editions, published in September 2020.

Revisions in the 2019 Q3 publications if all else was equal:

The impact on 2018 annual CVM growth at top level (national concept) HHFCE is -0.13pp. The impact on 2018 GDP CVM growth is -0.03pp. Quarterly impacts on top level HHFCE are shown below, with the impact on quarterly GDP in brackets:

2018Q1 = -0.12pp (-0.02pp)
2018Q2 = -0.01pp (0.00pp)
2018Q3 = 0.00pp (0.00pp)
2018Q4 = +0.02pp (0.00pp)
2019Q1 = 0.00pp (0.00pp)
2019Q2 = -0.01pp (0.00pp)

Within Quarterly Sector Accounts, RHDI would see revisions range from -0.2pp in 2018Q1 to +0.2pp in 2018Q3 and 2019Q2.

Please note that for 2019 Q3 we are open to other data revisions back to 2018 Q1 so these are not likely to be the final revisions seen due to the other data revisions.

Revisions in the 2020 Q2 publications if all else was equal:

In addition to the 2018 revisions noted above, there will be a further round of revisions when we open 2017 data for revisions in the 2020 Q2 Consumer Trends and Quarterly National Accounts publications.

The impact on 2017 annual CVM growth at top level (national concept) household final consumption expenditure is -0.15pp. The impact on GDP CVM growth is -0.05pp. Quarterly impacts on top level HHFCE are shown below, with the impact on quarterly GDP in brackets:

2017Q1 = -0.02pp (0.00pp)
2017Q2 = -0.06pp (-0.01pp)
2017Q3 = -0.05pp (-0.01pp)
2017Q4 = +0.04pp (+0.01pp)

Comparing 2020 Q2 publications with 2019 Q3 publications, the revision to 2018 annual CVM growth at top level (national concept) HHFCE is +0.15pp. This equates to a revision of +0.03pp to annual CVM growth in GDP. Quarterly revisions then only affect top level HHFCE at +0.15pp in 2018Q1. The equivalent 2018 Q1 impact on GDP is +0.03pp.

Within Quarterly Sector Accounts, RHDI would see revisions range from -0.1pp in five of the affected quarters to +0.2pp in 2018Q3 and 2019Q2.

In the Quarter 2 2020 publications, the revisions to total HHFCE, GDP and RHDI will be made in line with the revisions policy for Blue Book 2020. This will include any methodological improvements and new supply-use balancing for these years. This will mean that these are not likely to be the final revisions seen due to the other changes being made at that time.

We apologise for any inconvenience caused.

The components affected are:

04.1.2* ‘Other actual rentals’ ADOP, UWHJ, CSM2, CSM3
09.2.2* ‘Musical instruments and major durables for indoor recreation’ ADQN, XYJT, AWOA, AWRS
11.1.2* ‘Canteens’ ADYF, ZAYC, AWOP, AWSH
0 ‘Household final consumption expenditure: domestic concept’ ABQJ, ZAKW, UTJA, UTJN
TOURIM ‘UK tourist expenditure abroad’ ABTC, ABTD, GDPE, GDPF
TOUREX ‘Foreign tourist expenditure’ CCHX, CCV0, GDPB, GDPD
Net tourist expenditure ABTG, ABTH Household final consumption expenditure: national concept ABPF, ABJR, ABQU, ABJS

  • these components feed into higher- level COICOP series which have not all been listed.
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Contact:
Michael Rizzo
Release date:
29 September 2019
Next release:
20 December 2019
Dataset ID:
UKEA

About this Dataset

Quarterly estimates of national product, income and expenditure, sector accounts and balance of payments.

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Important notes and usage information

The Office for National Statistics (ONS), like all government departments, has to ensure all of its outputs meet accessibility guidelines. As a result, from the Quarter 4 (Oct to Dec) 2017 (29 March 2018) release onwards we will no longer be publishing a PDF file of the United Kingdom Economic Accounts (UKEA). The data contained in the current PDF file will continue to be available within the UKEA dataset and reference tables that are currently published.

5 July 2018

We have now completed the quality assurance of historic data for selected time series, see list below. These data have now been published within the United Kingdom Economic Accounts dataset for the time periods as indicated.

Table Updated period Identifier (NSA) Identifier (SA) Description
1.1.1 1955 to 1996, 1955 Q1 to 1996 Q4 CAES Net income from abroad
1.1.5 1955 to 1986, 1955 Q1 to 1986 Q4 CRXW CRXX Household sector real disposable income per head
1.1.5 1956 to 1987, CRXY Household sector real disposable income per head: Growth, year on previous year
1.1.5 1955 Q2 to 1987 Q1 CRXZ Household sector real disposable income per head: Growth, quarter on previous quarter
1.1.5 1956 Q1 to 1987 Q4 CRYA Household sector real disposable income per head: Growth, quarter on corresponding quarter of previous year
1.1.8 1987 to 1996 L5YQ Public corporations dwellings: current price £million
1.1.8 1987 to 1996 L5ZL Public corporations costs of ownership of non-produced assets: current price £million
1.1.8 1987 to 1996 L5ZQ Private sector dwellings: current price £million
1.1.8 1987 to 1996 L5ZR Private sector costs of ownership of non-produced assets: current price £million
1.1.8 1987 to 1996 DLWZ Transport equipment: current price £million
1.1.8 1987 to 1996 DLXI ICT equipment and other machinery and equipment: current price £million
1.1.8 1987 to 1996 DFDK Dwellings: current price £million
1.1.8 1987 to 1996 DLXP Intellectual property products: current price £million
1.1.8 1987 to 1996 EQDN General Government: chained volume measure £million
1.1.8 1987 to 1996 L62M Public corporations dwellings: chained volume measure £million
1.1.8 1987 to 1996 L62N Public corporations Cost of transfer of ownership of non-produced assets: chained volume measure £million
1.1.8 1987 to 1996 L62K Private sector dwellings: chained volume measure £million
1.1.8 1987 to 1996 L62L Private sector cost of transfer of ownership of non-produced assets: chained volume measure £million
1.1.8 1987 to 1996 DLWJ Transport equipment: chained volume measure £million
1.1.8 1987 to 1996 DLWM ICT equipment and other machinery and equipment: chained volume measure £million
1.1.8 1987 to 1996 DFDV Dwellings: chained volume measure £million
1.1.8 1987 to 1996 EQDT Intellectual property products: chained volume measure £million
1.1.11 1948 to 1986, 1955 Q1 to 1986 Q4 NRLN Central government gross operating surplus: current price £million
1.1.11 1948 to 1986, 1955 Q1 to 1986 Q4 NRLT Local government gross operating surplus: current price £million
1.6.3 1948 to 1986, 1955 Q1 to 1986 Q4 NQBI RPCG UK Wages & salaries (D.11r): current price £million
1.6.3 1948 to 1986, 1955 Q1 to 1986 Q4 NQBJ RPCH UK Employers social contributions (D.12r): current price £million
1.6.3 1948 to 1986, 1955 Q1 to 1986 Q4 NVCK RPCF UK Total compensation of employees (D.1r): current price £million
1.6.3 1948 to 1986, 1955 Q1 to 1986 Q4 NMYD NTAI UK Other taxes on production (D.29r): current price £million
5.1.3 1948 to 1986, 1955 Q1 to 1986 Q4 NMYD NTAI General government other taxes on production (D.29): current price £million
5.2.3 1948 to 1986,1955 Q1 to 1986 Q4 NRLN Central government gross operating surplus (B.2g): current price £million
5.3.3 1948 to 1986,1955 Q1 to 1986 Q4 NRLT Local government gross operating surplus (B.2g): current price £million
6.1.3 1948 to 1986, 1955 Q1 to 1986 Q4 QWLW ROYJ Households & NPISH Wages & salaries (D.11r): current price £million
6.1.3 1948 to 1986, 1955 Q1 to 1986 Q4 QWLX ROYK Households & NPISH Employers social contributions (D.12r): current price £million
6.1.3 1948 to 1986, 1955 Q1 to 1986 Q4 QWLY ROYI Households & NPISH Total compensation of employees (D.1r): current price £million
6.1.4 1948 to 1986, 1955 Q1 to 1986 Q4 OSXR OSXS Households & NPISH Real Households’ & NPISH disposable income: index
6.2.3 1948 to 1986, 1955 Q1 to 1986 Q4 HAEC DTWO Households Wages & salaries (D.11r): current price £million
6.2.3 1948 to 1986, 1955 Q1 to 1986 Q4 HAED DTWP Households Employers social contributions (D.12r): current price £million
6.2.3 1948 to 1986, 1955 Q1 to 1986 Q4 HAEB DTWN Households Total compensation of employees (D.1r): current price £million
6.2.4 1948 to 1986, 1955 Q1 to 1986 Q4 DG2Z DG43 Households Real Households’ disposable income: index: current price £million
7.1.2 1948 to 1986, 1955 Q1 to 1986 Q4 KTMO IJAI Rest of the world total compensation of employees (D.1r): current price £million
7.1.2 1948 to 1986, 1955 Q1 to 1986 Q4 KTMN IJAH Rest of the world Total Compensation of employees (D.1u): current price £million
7.1.11 1997 to 2012, 1997 Q1 to 2012 Q4 MT5Q Rest of the world Monetary gold: AF.11
* Seasonally adjusted = SA, not seasonally adjusted = NSA