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 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:
- BEA Regional Income and Product Account Estimates Used to Distribute $423.1 Billion in Federal Funds, FY2017 | September 2018 PPTX pie chart
- FY2017 Federal Funds Distribution Using BEA Regional Income and Product Account Statistics | September 2018 PDF
- Federal Uses of BEA Regional Statistics, FY2017 | September 2018 PDF
- Twenty-six 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 | September 2016 PPT
- 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.