Quarterly and annual gross domestic output (GDP) data are usually revised, and this revision process may cover a few years. It is also usually found that GDP figures are revised upwards. In this note, I provide a simple explanation for why this happens. Implications for interpreting and forecasting GDP data are less simple.

Additional Metadata
Keywords Configural-weight theory, Data revision, GDP
Persistent URL dx.doi.org/10.1111/j.1467-9574.2008.00410.x, hdl.handle.net/1765/16220
Journal Statistica Neerlandica
Citation
Franses, Ph.H.B.F. (2009). Why is GDP typically revised upwards?. Statistica Neerlandica, 63(2), 125–130. doi:10.1111/j.1467-9574.2008.00410.x