Discrepancies Between Quarterly GDP Estimates

Adriaan Bloem

No 1997/123, IMF Working Papers from International Monetary Fund

Abstract: Countries compiling quarterly estimates for gross domestic product (GDP) often use alternative approaches simultaneously. This may result in the publication of different measures of quarterly GDP and discrepancies between these measures. Such discrepancies are unavoidable, unless reconciliation takes place or the measures are mutually interdependent. This paper examines international practices in this respect, focusing on OECD member countries that publish quarterly GDP data. Of these, five publish GDP data with discrepancies—the United States, the United Kingdom, Canada, Australia, and New Zealand—and the paper examines causes and the development of these discrepancies.

Keywords: WP; expenditure estimate; procedure; current price; GDP discrepancy; quarterly national accounts; GDP reconciliation; income estimate; expenditure measure; production estimate; income measure; GDP estimate; Income; Personal income; GDP measurement (search for similar items in EconPapers)
Pages: 39
Date: 1997-09-01
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