Information on 2025 Annual Updates to the National, Industry, and State and Local Economic Accounts

The 2025 update of the NEAs covers the first quarter of 2020 through the first quarter of 2025 and will result in revisions to gross domestic product (GDP), GDP by industry, gross domestic income, and related components. The reference year for index numbers and chained-dollar estimates remains 2017.

Background Information

Source data updates. The annual update will incorporate source data that are more complete and more detailed than those previously available, including the following:

• Federal government budget data
• U.S. Department of Agriculture farm income statistics
• National Science Foundation annual surveys
• Newly available U.S. Census 2022 Economic Census data for manufacturing
• Revised (benchmarked) U.S. Census Annual Survey of Manufactures data for 2020 and 2021

During annual updates, BEA typically incorporates source data from several U.S. Census Bureau annual surveys, including the Annual Retail Trade Survey, the Annual Wholesale Trade Survey, the Service Annual Survey, and the Annual Survey of Manufactures. These surveys are now part of a new Census initiative to integrate and replace seven existing annual business surveys into a streamlined single survey called the Annual Integrated Economic Survey (AIES). While Census will begin releasing some data from the 2023 AIES data collection cycle this summer, the detail required for the NEAs will not be available in time to incorporate the AIES into the 2025 annual update. Shortly after the annual update release, BEA plans to post a Survey of Current Business (SCB) article detailing the results of the 2025 annual update and the alternative data sources used.

BEA also typically incorporates Internal Revenue Service Statistics of Income (SOI) tabulations of tax returns for corporations, for sole proprietorships, and for partnerships during annual updates. BEA was unable to purchase SOI data for this year's update.

Incorporation of International Transactions Accounts. The annual update will incorporate results from the 2025 annual update of BEA's International Transactions Accounts, released on June 24, 2025.¹

Methodology improvements and presentational changes. In addition to the source data listed above, the annual update will incorporate improvements to estimating methodologies and changes in presentation. Notably, BEA will introduce new investment detail for data centers.

New detail for data centers within office structures. In recent years, there has been a sharp increase in construction of data centers (structures that house computing infrastructure, including servers, storage devices, networking equipment, and other systems necessary for managing and storing data). To improve the estimates of private fixed investment in office structures, BEA will begin providing separate detail on "data centers" and "general, financial, and other" offices. Investment in data centers will be adjusted for inflation using a new BEA composite price index that equally weights Bureau of Labor Statistics (BLS) producer price indexes (PPIs) for industrial buildings and warehouses. Investment in general, financial, and other offices will continue to be adjusted for inflation using the BLS PPI for new office building construction. BEA will update NIPA table family 5.4.x and underlying detail table family 5.4.xU to add two lines under office investment to reflect the new detail.

Additional methodology changes will be discussed in the upcoming Survey results article.

Table changes

In addition to the table changes referenced above for data centers, BEA will discontinue several data tables with this update. Previously published versions of discontinued tables will be available in BEA’s data archive.

     Discontinued NIPA tables

• NIPA Table 2.2A. Wages and Salaries by Industry, Annually (1929-2000) and Quarterly (1947-2000) 
• NIPA Table 2.7A. Wages and Salaries by Industry, Monthly (1959-2000)
• Table 3.14. Government Social Insurance Funds Current Receipts and Expenditures 
• Section 6 historical NIPA tables (with suffix letters A, B, and C) 
• Table 7.19. Comparison of Income and Outlays of Nonprofit Institutions Serving Households with Revenue and Expenses as Published by the Internal Revenue Service 
• Table 8.2. Gross Domestic Income by Type of Income, Not Seasonally Adjusted 
• Underlying NIPA Table 9.2U. Final Sales of Domestic Computers 
• Underlying NIPA Table 9.5U. Contributions to Percent Change in Real Gross Domestic Product from Final Sales of Computers, Software, and Communications Equipment

    Discontinued Industry Economic Account tables 

• Underlying detail "Components of Value Added" tables will no longer be updated, but will continue to be available in BEA’s data archive as well as on the "Industry Tables No Longer Published" page. 

The template below presents the format changes for the NIPA Interactive Data Application tables resulting from the update. Updated flat files for the NIPA series register and table registers are also provided.

• Template: NIPA Interactive Data table changes XLS
• NIPA series register TXT
• NIPA tables register TXT

Note: For the 2025 annual update, there are no format changes to the GDP news release tables, the Personal Income and Outlays news release tables.

Data Availability

On September 25, 2025:

• News release for "Gross Domestic Product, 2nd Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised), and Annual Update”
• “GDP & Personal Income” NIPA tables (quarterly and most annual frequency tables)
• “GDP by Industry” tables (quarterly and annual frequency tables for GDP (value added), gross output, and intermediate inputs by industry)
• “Underlying Detail” NIPA tables (quarterly and annual frequency tables)
• A table presenting revisions for selected NIPA components and major source data incorporate

On September 26, 2025:

• News release for "Personal Income and Outlays: August 2025"
• All monthly “GDP & Personal Income” NIPA tables
• All monthly “Underlying Detail” NIPA table

October:

• NIPA Table 5.10
• Fixed Assets Accounts tables
• Remaining NIPA tables published on an “annual only” frequency
• Results article: "The 2025 Annual Update of the National Economic Accounts" (Presents detailed results for the NIPAs and the IEAs, including tables showing the revisions to major aggregates and industry groups and the seven summary accounts for the NIPAs.)
• Updated Summary of NIPA Methodologies

December:

• NIPA Tables 2.9 and 2.10
• NIPA Tables 3.15 through 3.21

1. For more information, refer to "2025 Annual Update of the U.S. International Transactions Accounts," published in the Survey of Current Business on July 28, 2025.