Toward Economics Statistics On: Own-Account Data and Databases Assets for 1997–2024

This article describes the proposed methodology and experimental estimates for capitalizing own-account data as part of the updates to the System of National Accounts from the 2008 standard to the 2025 revision. The methodology explains how the U.S. Bureau of Economic Analysis estimates annual industry-level nominal values, prices, and volume for gross fixed capital formation, consumption of fixed capital, and net stock for a new asset class: own-account data and databases. Additionally, it illustrates the impact of the change across the National Economic Accounts. The work spans the period from 1997 to 2024. The economy grew at an average rate of seven basis points faster from 2002 to 2024 when own-account data and databases were capitalized.