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March 2005 - Volume 85 - Number 3

1 Business Situation: Preliminary Estimates for the Fourth Quarter of 2004

Economic growth slowed slightly in the fourth quarter. Real GDP increased 3.8 percent after increasing 4.0 percent in the third quarter. The slowdown mainly reflected an acceleration in the trade deficit and a slowdown in consumer spending for durable goods; inventory investment turned up. Inflation picked up: The price index for gross domestic purchases increased 2.8 percent after increasing 1.9 percent, mainly reflecting an acceleration in energy prices. Real disposable personal income surged, increasing 8.1 percent after increasing 2.9 percent. | PDF

14 Federal Budget Estimates for Fiscal Year 2006

Each year, BEA adjusts the Federal budget estimates of receipts and outlays from the Budget of the United States Government so that these estimates are consistent with the NIPAs. The adjusted estimates are then used to prepare quarterly estimates of Federal Government current receipts and current expenditures. For fiscal year 2006, net Federal Government saving is projected to be -$392.5 billion; the Federal budget projects a deficit of $390.1 billion. Federal Government current receipts are projected to increase $136.2 billion; Federal budget receipts are projected to increase $124.7 billion. Federal Government current expenditures are projected to increase $126.1 billion; Federal budget outlays are projected to increase $88.2 billion. | PDF

Looking Ahead

Annual Revision of Local Area Personal Income. The estimates of personal income for counties, metropolitan areas, and BEA economic areas for 2001-2003 are scheduled to be published in the April Survey.

U.S. International Transactions for 2004. The estimates of these transactions in the current account, the capital account, and the financial account are also scheduled to be published in the April Survey.

Index to the NIPA Tables. An updated index to the estimates that are presented in the NIPA tables will be published in an upcoming issue of the Survey. This index will reflect the changes in classifications and presentation that resulted from the 2003 comprehensive NIPA revision and the 2004 annual NIPA revision.

BEA Current and Historical Data

National Data

  • Selected NIPA tablesPDF 
  • Other NIPA and NIPA-related tables | PDF  
  • Historical measures | PDF 
  • Charts | PDF

International Data

  • Transactions tables PDF 
  • Investment tables | PDF  
  • Charts PDF

Regional Data

  • State and regional tables | PDF 
  • Local area table PDF 
  • Charts PDF 


  • Additional information about the NIPA estimatesPDF
  • Suggested reading | PDF