GDP and the Economy: Advance Estimates for the Third Quarter of 2007
Real GDP increased 3.9 percent after increasing 3.8 percent in the second quarter. The third-quarter growth reflected a rebound in consumer spending and a surge in goods exports. Residential investment continued to decline.
Newly Available NIPA Tables
Two tables: Personal income and outlays by households and nonprofit institutions serving households and a comparison of the income and outlays of these nonprofits with IRS revenue and expenses.
Updated Summary of NIPA Methodologies
The source data and methods used to prepare current-dollar and real estimates of GDP and current-dollar estimates of gross domestic income have been updated as part of the 2007 annual NIPA revision.
Comparing the Consumer Price Index and the Personal Consumption Expenditures Price Index
This comparison of the CPI from the Bureau of Labor Statistics and the PCE Price Index from the Bureau of Economic Analysis finds that different formulas account for much of the difference in recent growth rates.
Federal Personal Income Tax Liabilities and Payments for 1959–2005
These updated estimates incorporate the results of the 2007 annual NIPA revision, newly available IRS tax return data for 2003, and revised data for earned income tax credits.
Comparison of BEA Estimates of Personal Income and IRS Estimates of Adjusted Gross Income: New Estimates for 2005 and Revised Estimates for 2004
The estimates of these two widely used measures of household income are reconciled in order to account for statistical and definitional differences.
Operations of U.S. Multinational Companies in 2005
The value added of U.S. multinational companies increased 6.5 percent after averaging 3.8 percent annual growth in 1999–2005. The value added of U.S. parents increased 6 percent. The value added of their foreign affiliates increased 7.8 percent.
Reconciliation of the United States–Canadian Current Account, 2005 and 2006
Each year, the bilateral current-account estimates of the United States and Canada are reconciled to show how the estimates would appear if both countries used the same definitions, methodologies, and data sources.
Introducing New Measures of the Metropolitan Economy: Prototype GDP-by-Metropolitan-Area Estimates for 2001–2005
New prototype estimates of GDP by metropolitan area show that metropolitan areas accounted for 90 percent of the Nation’s GDP in 2005. The methodology uses earnings data to estimate output.
BEA Regional Program Outreach in 2008
BEA’s regional economic accounts provide detailed economic estimates for states, counties, and metropolitan areas. To help users better understand and use these statistics, BEA participates in various conferences and workshops.
Upcoming in the Survey...
R&D Industry Accounts. A look at BEA’s proposed R&D industry accounts will be published in an upcoming issue of the Survey.