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Methods Explained: The quarterly alignment adjustment

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  • Barry Williams

    (Office for National Statistics)

Abstract

Gross Domestic Product (GDP), or the size of the economy, can be measured in three ways. These are the output, income and expenditure approaches. ONS routinely measures all three for the UK economy, but publishes a single 'coherent' estimate of GDP. This article explains the role of alignment adjustments in reconciling the output, income and expenditure data.

Suggested Citation

  • Barry Williams, 2009. "Methods Explained: The quarterly alignment adjustment," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 3(12), pages 78-80, December.
    • Handle: RePEc:pal:ecolmr:v:3:y:2009:i:12:p:78-80
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    Cited by:

    1. Bell, Venetia & Co, Lai Wah & Stone, Sophie & Wallis, gavin`, 2014. "Nowcasting UK GDP growth," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 58-68.

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