8 BEA's Strategic Plan for 2001-2005 (PDF)
BEA's strategic plan outlines the major focus of the Bureau's work over the next several years. The plan incorporates suggestions and comments from BEA's customers, staff, and partner statistical agencies. In November 2001, a panel of experts that included members of the Administration, other Federal Government agencies, and the private sector provided their opinions and insights on potential expansions and improvements to the accounts. Abstracts of their comments are reprinted along with a table that summarizes the new initiatives of the plan and shows the milestones for completion.
1 Business Situation: Advance Estimates for the First Quarter of 2002 (PDF)
The pace of U.S. production picked up sharply in the first quarter of 2002: Real GDP increased 5.8 percent after increasing 1.7 percent in the fourth quarter of 2001. More than half of the first-quarter increase was accounted for by a substantial slowdown in the rate of liquidation of private inventories. Inflation remained low.
34 State Per Capita Personal Income and State Personal Income, 2001 (PDF)
Growth in per capita personal income slowed in 46 States and the District of Columbia in 2001. The States with the sharpest slowdowns were New Hampshire, California, Massachusetts, and Colorado. In contrast, growth picked up in New Mexico, Louisiana, and Alabama. Connecticut again topped the Nation in per capita personal income, at $41,930, while Mississippi again trailed, at $21,643.
60 Local Area Personal Income, 1998-2000 (PDF)
Newly released estimates of metropolitan area personal income show that San Jose, CA, again had the fastest growth in personal income in 2000, at 21.0 percent. Anniston, AL, had the slowest growth, at -0.2 percent. San Francisco, CA, again had the highest per capita personal income, at $57,414, while McAllen-Edinburg-Mission, TX, again had the lowest, at $13,344.
Newly released estimates of personal income by county show that Edgecombe County, NC, which rebounded from flooding caused by Hurricane Floyd in 1999, had the fastest growth in personal income, at 24.8 percent. Calhoun County, AL, had the slowest growth, at -0.2 percent. New York County (Manhattan), NY, again had the highest per capita personal income, at $90,901, while Loup County, NE, again had the lowest, at $6,606.
Note: Files listed above contain the text and the tables of the articles; many of the tables are also available in XLS spreadsheets.
|Gross State Product, 1998-2000. An article
scheduled for the June Survey will present new estimates of gross
state product for 2000 and revised estimates for 1998 and 1999. These estimates
will incorporate the results of the summer 2001 annual revision of the NIPA's,
the fall 2001 annual revisions of State personal income and of GDP by industry,
and newly available State source data.
Accelerated Estimates of Gross Domestic Product by Industry. An article in a forthcoming issue of the Survey will report on the research BEA is conducting into the feasibility and tradeoffs involved in preparing an accelerated set of GDP-by-industry estimates. BEA will be soliciting comments on the proposed methodology, the appropriate scope of industry detail, and the tradeoff between accuracy and timeliness.
Measurement of U.S. International Services. An article in a forthcoming issue of the Survey will discuss some of the problems faced in collecting and estimating flows of international services and will present some possible approaches to overcoming these problems. The article will focus on a selected group of services--including insurance, wholesale and retail trade, and financial services.