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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
March 1998

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

17 Gross Product by Industry Price Measures, 1977–96 (PDF)

Price measures of gross product originating (GPO) by industry can be used to compare price changes across industries and to compute industry contributions to the change in GDP prices. For example, the largest contributors to the 2.3-percent increase (annual rate) in the GDP price index in 1992–96 were the services industry group and the finance, insurance, and real estate industry group (0.7 percentage point each). Unit-cost measures by industry can be used to identify the sources of GPO price change among the cost components of GPO. For example, the labor cost per unit of real GPO declined in 1992–96 for the mining and the durable goods manufacturing industries and was unchanged for the wholesale trade industry.

26 A Guide to the NIPA's (PDF)

BEA presents a compilation of information that will help users to better understand the NIPA's. This guide provides the definitions of the major aggregates and components; discusses the measures of real output and prices; explains how production is classified and how the NIPA's are presented; describes the statistical conventions that are used; and lists the principal source data and methods used to prepare the estimates of GDP.

Regular features

1 Business Situation (PDF)

The "preliminary" estimate of real GDP indicates a 3.9-percent increase in the fourth quarter of 1997, 0.4 percentage point lower than the "advance" estimate; a large downward revision to net exports and smaller downward revisions to government spending and consumer spending were only partly offset by a large upward revision to business inventory investment. Despite these revisions, real GDP growth still shows an acceleration from a 3.1-percent increase in the third quarter. The price index for gross domestic purchases increased 1.4 percent, about the same pace as in the third quarter.

8 Federal Budget Estimates, Fiscal Year 1999 (PDF)

Each year, BEA prepares a "translation" of the administration's budget that puts the budget's receipts and outlays on a basis that is consistent with the framework of the NIPA's. In the NIPA framework, the Federal current deficit would be $9.9 billion in fiscal year 1999; the administration's budget shows a $9.5 billion surplus. The difference primarily results from the difference in the treatment of government investment in fixed assets; the consumption of fixed capital that is included in the NIPA's is greater than the investment that is excluded.

Reports and statistical presentations

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: BEA Information (PDF)

(A listing of recent BEA publications available from GPO)

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

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Updated: December 28, 1998