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Information on Updates to the National Economic Accounts

2021 Annual Update

BEA will release results from the 2021 annual update of the National Economic Accounts, which includes the National Income and Product Accounts (NIPAs) as well as the Industry Economic Accounts, later this year. Results from the annual update of the NIPAs will be released on July 29, 2021, along with the advance estimate of GDP for the second quarter of 2021. Results from the annual update of the Industry Economic Accounts will be released on September 30, 2021, along with the third estimate of GDP for the second quarter of 2021. The update of the National Economic Accounts will cover the first quarter of 1999 through the first quarter of 2021 and will result in revisions to GDP, GDP by Industry, and gross domestic income.

Results 

Briefing

Summary of Results

Supplemental tables PDF 

Updated COVID-19 Pandemic Response Tables

Effects of Selected Federal Pandemic Response Programs on Personal Income

Effects of Selected Federal Pandemic Response Programs on Federal Receipts, Expenditures, and Saving

Paycheck Protection Program Subsidies by Industry in the National Accounts, 2021 Annual Update

Selected Components Detail and Major Source Data Incorporated, 2016–2020 PDF 

Note: Updated statistics for the first quarter of 2021 are discussed in the July 29 GDP News release.

Draft Formats

News Release Tables

There are no format changes to the GDP and Personal Income and Outlays news release tables.

Interactive Data Tables

Draft Registers for Flat File Downloads

NIPA and Fixed Asset Accounts Table Release Plan

July 29:

  • News release for "GDP, Second Quarter 2021 (Advance Estimate) and Annual Update"
  • All quarterly "GDP and Personal Income" NIPA tables
  • All quarterly "Underlying Detail" NIPA tables

July 30:

  • News release for "Personal Income and Outlays: June 2021"
  • All monthly "GDP and Personal Income" NIPA tables
  • All monthly "Underlying Detail" NIPA tables

By August 6:

  • Most NIPA tables published on an "annual only" frequency

Mid-August:

Publication of the article that details the results of the 2021 Annual Update of the NIPAs in the August Survey of Current Business, which includes:

  • The seven NIPA summary accounts
  • The table of selected components and major source data incorporated
  • Tables showing the revisions to major aggregates

September and October:

  • Release of NIPA tables 2.9, 3.15-3.21, 5.10, and 7.19
  • Fixed Assets Accounts tables
  • Integrated Macroeconomic Accounts tables

Background materials