BEA logo

Bureau of Economic Analysis

Survey of Current Business

Table of Contents
March 2001


S pecial in this issue

15 Trends in Consumer Spending, 1959-2000 (PDF)

Real consumer spending grew 3.6 percent (average annual rate) from 1959 to 2000, and its share of total domestic spending in current dollars increased from 62 percent to 65 percent. The services' share of consumer spending rose from 40 percent to 58 percent, primarily reflecting increases in the shares of medical care, financial, recreation, and education and research services, while the nondurable goods' share fell from 47 percent to 30 percent, reflecting widespread declines; the durable goods' share changed little. The cyclical pattern of consumer spending was less pronounced than that of business investment, mainly reflecting the relatively moderate pattern of spending for services.

 

23 Measuring the New Economy (PDF)

Preparing estimates that accurately reflect the rapid technological innovation in the Nation's economy and assessing its impact on economic performance are major challenges facing BEA. A key question is whether this so-called "new economy" manifests a basic structural change that raises potential economic growth and results in higher rates of productivity and investment. According to the latest BEA estimates, the direct contributions of high-tech products--such as computers, software, and telecommunications--accounted for 1.2 percentage points of the 4.1-percent average growth rate of real GDP in 1995-2000. This article describes the coverage of the new economy in BEA's economic accounts and discusses the plans that BEA has developed and the work that is underway to improve the measurement of e-business and high-tech in the accounts and to update these accounts to keep pace with the evolving economy.

R egular features

1 Business Situation (PDF)

Real GDP increased 1.1 percent in the fourth quarter of 2000, according to the "preliminary" estimate; the "advance" estimate issued last month had shown a 1.4-percent increase. The downward revision was largely accounted for by downward revisions to private nonfarm inventories and to exports of goods and services. The prices of gross domestic purchases increased 1.8 percent in the fourth quarter, 0.1 percentage point less than was shown by the "advance" estimate.

R eports and statistical presentations

D-1 BEA Current and Historical Data

                          National Estimates

D-2 Selected NIPA Tables (PDF)

D-29 Other NIPA and NIPA-Related Tables (PDF)

D-38 Historical Measures (PDF)

D-41 Domestic Perspectives (PDF)

D-43 Charts (PDF)

                            International Estimates

D-51 Transactions Tables (PDF)

D-57 Investment Tables (PDF)

D-62 International Perspectives (PDF)

D-64 Charts (PDF)

                          Regional Estimates

D-65 State and Regional Tables (PDF)

D-69 Local Area Table (PDF)

D-71 Charts (PDF)

                         Appendixes

D-73 Additional Information About the NIPA Estimates (PDF)

D-75 Suggested Reading (PDF)

 

Inside back cover: Getting BEA's Estimates 

Back cover: Schedule of Upcoming BEA News Releases