Regional Economic Accounts: About Regional

Overview of the Regional Program

The regional economic accounts tell us about the geographic distribution of U.S. economic activity and growth. The estimates of gross domestic product by state and territory, and state and local area personal income, and the accompanying detail, provide a consistent framework for analyzing and comparing individual state and local area economies.

• For detailed information on Data Availability, see Regional Data Table Availability.

Uses of the Regional Program Estimates

• The Federal government uses regional income and product estimates to distribute funds to states:
  • $692.1 Billion of FY2021 Federal Health and Wellness Funding Allocated with BEA Regional Statistics PDF | May 2022
  • FY2021 Federal Funds Distribution Using BEA Regional Income & Product Account Statistics  PDF | May 2022
  • Federal Uses of BEA Regional Statistics, FY2021  PDF | May 2022
• Twenty states have set constitutional or statutory limits on state government revenues or spending that are tied to BEA state personal income or one of its components PDF | April 2021
• The National Oceanic and Atmospheric Administration (NOAA) produces statistics for coastal areas, utilizing BEA regional statistics.
• Academic researchers use the estimates for applied economic research.
• Businesses, trade associations, and labor organizations use the estimates for market research.