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Estimates Revision: Australia subnational - Real GVA - Re-referenced to FY 2016
Wednesday, 10 Jan 2018 16:43 ET
By Mary Krajsa
Summary
January 2018 -- For the Moody's Analytics estimates of real gross value added for Australia and subnational areas thereof, we have advanced the currency reference year from FY 2015 to FY 2016 (735 quarterly series impacted).
Detail

Our real gross value added quarterly estimates for nation and subnational areas in Australia use the national accounts dataset reported by the Australian Bureau of Statistics. Our estimates are benchmarked to their latest data and reference year, which recently changed to FY 2016 (described by ABS as "July 2015 to June 2016" or "financial year 2015-16").

In response, we have updated our benchmark year. The net result that our real estimates have been level-shifted over their full history; properties are otherwise unchanged. Figures are millions of chained Australian dollars (Mil. Ch. Jul15-Jun16 AUD) at a seasonally adjusted annual rate (SAAR).

The series reside in the historical catalog (Australia » National accounts » by Value Added » Moody's Analytics Estimates » Constant prices) and include, for example:

  • RGDPAF$Q.IAUS    = Gross value added - Agriculture; forestry and fishing, (Mil. Ch. Jul15-Jun16 AUD, SAAR) - for the Nation
  • RGDPMQ$Q.IAUS_CT = Mining and quarrying, (Mil. Ch. Jul15-Jun16 AUD, SAAR) - for Australian Central Territory
  • RGDPPD$Q.IAUS_WA = Public administration and defence; compulsory social security, (Mil. Ch. Jul15-Jun16 AUD, SAAR) - for Western Australia

Please be aware that

In Australia, many currency-valued statistics use a fiscal year as the reference period. An Australian fiscal year ("financial year" or "FY") runs from 1 July to the next 30 June, and is designated by the calendar year of the second half of the period.

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