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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
January 2000

Selected articles may be accessed by clicking on the links below. (An Acrobat version of the table of contents is also available; however, links to other files will work only when you use Acrobat Reader 4.0.)

Special in this issue

6 GDP: One of the Great Inventions of the 20th Century (PDF)

At a press conference on December 7, 1999, the Department of Commerce announced that it had selected ``the development of the national income and product accounts as its achievement of the century.'' The speakers at the conference and other government policy officials and leading academic economists took the opportunity to affirm the importance of the national accounts to economic analysis and policy making. The accounts were born out of a pressing need for economic information during the Great Depression and World War II, and they have been continually updated and improved so that they provide an accurate, timely, and relevant picture of U.S. economic activity.

15 Zvi Griliches and His Contributions to Economic Measurement (PDF)

37 Annual Input-Output Accounts of the U.S. Economy, 1996 (PDF)

The 1996 input-output (I-O) accounts present a detailed picture of how industries interact to provide input to, and take output from, each other. The estimates update the 1992 benchmark I-O accounts and are consistent definitionally and statistically with the recently revised NIPA estimates. The publication of the annual 1996 I-O accounts marks the return of the annual I-O program as part of BEA's industry accounts.

Regular features

1 Business Situation (PDF)

Real GDP increased 5.7 percent in the third quarter of 1999, according to the NIPA ``final'' estimate; the ``preliminary'' estimate issued last month had shown a 5.5-percent increase. The price index for gross domestic purchases increased 1.7 percent, the same as the ``preliminary'' estimate. The ``revised'' estimate of corporate profits showed an increase of $3.7 billion (or 0.4 percent at a quarterly rate) in the third quarter; the ``preliminary'' estimate had shown an increase of $8.2 billion (or 0.9 percent).

90 U.S. International Transactions, Third Quarter 1999 (PDF)

The U.S. current-account deficit increased $9.0 billion, to $89.9 billion, in the third quarter of 1999. Most of the increase was accounted for by an increase in the deficit on goods, as imports increased twice as much as exports increased. In the financial account, net recorded inflows decreased $13.9 billion, to $105.7 billion. Inflows for foreign-owned assets in the United States and outflows for U.S.-owned assets abroad both slowed sharply, but the slowdown in inflows, which reflected a sharp dropoff in foreign acquisitions of U.S. companies, exceeded that in outflows.

Reports and statistical presentations

18 Real Inventories, Sales, and Inventory-Sales Ratios
for Manufacturing and Trade, 1977:I--1999:III (PDF)

35 Errata: National Income and Product Accounts (PDF)

87 An Ownership-Based Disaggregation of the U.S. Current Account, 1982--97 (PDF)

D--1 BEA Current and Historical Data

National Data:

D--2 Selected NIPA Tables (PDF)

D--27 Other NIPA and NIPA-Related Tables (PDF)

D--36 Historical Tables (PDF)

D--41 Domestic Perspectives (PDF)

D--43 Charts (PDF)

International Data:

D--51 Transactions Tables (PDF)

D--57 Investment Tables (PDF)

D--62 International Perspectives (PDF)

D--64 Charts (PDF)

Regional Data:

D--65 State and Regional Tables (PDF)

D--69 Local Area Table (PDF)

D--71 Charts (PDF)

Appendixes: (PDF)

D--73 Appendix A: Additional Information About BEA's NIPA Estimates

D--75 Appendix B: Suggested Reading

Inside back cover: Getting BEA's Estimates (PDF)

Back cover: Schedule of Upcoming BEA News Releases (PDF)