Jun 5, 2014

An alternative — but more accurate — economic history from the ABS

The ABS's revisions to previous GDP numbers show how dramatic the impact of the financial crisis was on the Australian economy, write Glenn Dyer and Bernard Keane.

It’s not widely known, but the people at the Australian Bureau of Statistics are a relentless mob, constantly checking on their data against previously reported figures and outcomes. They will change and revise figures for years in the name of accuracy.

This constant self-checking percolates down through successive national accounts, and every now and then it pays to check up on what the statisticians have been doing. In yesterday’s national accounts, there were a couple of great examples.

Free Trial

Proudly annoying those in power since 2000.

Sign up for a FREE 21-day trial to keep reading and get the best of Crikey straight to your inbox

By starting a free trial, you agree to accept Crikey’s terms and conditions


Leave a comment

2 thoughts on “An alternative — but more accurate — economic history from the ABS

  1. CML

    Thank you Glenn and Bernard for that most interesting information.
    Pity we won’t be seeing this repeated in the MSM now, or at any other time. Much more fun for them to l+e to the punters about what really went on during the GFC.
    Labor bashing at its worst, but the bogans lap it all up!

  2. drsmithy

    Don’t worry, our new overlords are making sure we don’t need to be bothered by all that pesky data in the future.[email protected]/mediareleasesbyCatalogue/745695D9AEBEFE64CA257CEE0004715C?Opendocument

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details