Annual Industry Accounts
(INDUS, annually) The annual industry accounts are a set of integrated estimates that include the GDP-by-industry and the annual input-output accounts. These accounts provide detailed information on the changing structure of the U.S. economy, including the annual contributions of private industries and government to the Nation’s GDP and the annual flows of goods and services used in the production processes of industries. Advance estimates of industry aggregates are released approximately four months after the end of the reference year, followed by revised, more detailed estimates later in the year.
Gross Domestic Product
(GDP, monthly) GDP is the broadest measure of the U.S. economy; it is the market value of goods and services produced in the United States. The “advance” estimate of GDP for a quarter is issued 25-30 days after the reference quarter. In each of the next two months, the estimate for that quarter is revised to reflect additional information that has become available, and estimates of corporate profits are issued.
Gross State Product
(GSP, annually) GSP is a measure of the output from all industries within a state and is the state counterpart to the GDP. An advance estimate of total GSP comes out approximately six months after the end of the reference year, and it is published with revisions to previous years’ estimates. Advance estimates of sector-level GSP come out eleven months after the reference year. Both releases include the size and contribution of major industries to the GSP in every state.
U.S. International Investment Position
(IIP, annually) IIP reports annual estimates of the value of accumulated stocks of U.S.-owned assets abroad and of foreign-owned assets in the United States. This release comes out approximately six months after the end of the reference year.
Local Area Personal Income
(LAPI, annually) LAPI includes all income received by local area residents and is published for 3,111 counties, 934 U.S. metropolitan and micropolitan areas, and 179 BEA economic areas. This release comes out approximately 16 months after the end of the reference year. This release includes per capita personal income and the components of personal income, as well as estimates of earnings and employment by industry.
Personal Income
(PI, monthly) PI, a component of the NIPAs, includes all income received by persons in the United States. The estimate of personal income is issued one business day after the GDP is released. The release includes estimates of the components of personal income as well as estimates of personal outlays and of the price index for personal consumption expenditures.
State Personal Income
(SPI, quarterly) SPI includes all income received by state residents. This release comes out approximately three months after the reference quarter. State per capita personal income estimates are with 4th quarter SPI, and revised annual state per capita personal income with detailed estimates of personal income and employment is included in the 2nd quarter SPI release. This release also publishes estimates of the components of state personal income as well as estimates of earnings by major industry.
Travel and Tourism Satellite Accounts
(TTSA, quarterly) The TTSA summarizes direct and indirect sales made in tourism-related industries. This release comes out approximately three months after the end of the reference quarter. Included in this release are summary estimates of employment for tourism related industries.
U.S. International Trade in Goods and Services
(TRADE, monthly) This release provides monthly estimates of U.S. imports and exports of goods and services. The estimates are provided approximately six weeks after the end of the reference month. This release is a joint release with the Census Bureau.
U.S. International Transactions
(TRANS, quarterly) The international transactions (balance of payments) accounts are a statistical summary of transactions between U.S. and foreign residents organized into three major categories: The current account, the capital account, and the financial account. The current account records transactions in goods and services, income, and current transfers. The capital account includes capital transfers, such as debt forgiveness. The financial account includes transactions in U.S.-owned assets abroad and foreign-owned assets in the United States. This release comes out approximately 12 weeks after the end of the reference quarter.
Gross Domestic Product by Metro Area (GDP by metro area, annually)
GDP by metro area is a measure of the output from all industries within a metropolitan statistical area (MSA) and is the MSA counterpart to GDP by state. The first prototype estimates of GDP by metro area will be released September 26, 2007 for 2001-2005. GDP by metro area estimates reflect current national income and product account (NIPA) methodology and incorporate NIPA revisions as they occur. For more information call (301) 278-9310.
Description of Announcements:
Survey of Current Business
(SCB, monthly) The Survey of Current Business is the official publication of the Bureau of Economic Analysis. Published monthly, the Survey includes articles on the monthly business situation, data releases, methodologies, and other important news from BEA. The Survey also includes series of tables of BEA data on the U.S. economy and key economic accounts.
Regional Input-Output Modeling System (RIMS II) Multipliers and Workshops
(updated several times per year) Regional multipliers derived from RIMS II are widely used to analyze the economic impact of projects and programs on state and local areas. The multipliers can be purchased for any region composed of one or more counties. Updates to RIMS II occur annually and incorporate updates from BEA’s national input-output accounts and regional economic accounts. The RIMS staff also conduct user workshops, which are intended to help users understand and apply the multipliers in impact analyses.
Operations of U.S. Multinational Companies
(SCB and stand-alone Web reports, annually) Detailed annual estimates covering the financial structure and operations of U.S. multinational companies are usually issued 18-22 months after the reference year. The estimates are available separately for U.S. parent companies and foreign affiliates and include such items as value added, employment and employee compensation, sales of goods and services, U.S. trade in goods, research and development expenditures, total assets, profits, and taxes. In addition, BEA may produce special studies that analyze and interpret the data.
Operations of U.S. Affiliates of Foreign Multinational Companies
(SCB and stand-alone Web reports, annually) Detailed annual estimates covering the financial structure and operations of U.S. affiliates of foreign multinational companies are usually issued 18-22 months after the reference year. The estimates include such items as value added, employment and employee compensation, sales of goods and services, U.S. trade in goods, research and development expenditures, total assets, profits, and taxes; for employment, provides data by individual state. In addition, BEA may produce special studies that analyze and interpret the data.
U.S. International Services
(SCB, annually) Detailed annual estimates of cross-border services trade and sales of services through affiliates. Estimates of cross-border trade appear 10 months after the reference year; estimates of sales through affiliates appear 22 months after the reference year. The estimates of cross-border trade cover U.S. exports and imports of private services by individual country and by type of service; they are consistent with more aggregated estimates recorded in the international transactions accounts and the monthly international trade in goods and services news release. The estimate of sales through affiliates cover sales of services to foreign residents by foreign affiliates of U.S. companies and purchases of services by U.S. residents from U.S. affiliates of foreign companies. In addition, BEA may produce special studies that analyze and interpret the data.