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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
 November 1997

Selected articles may be accessed by clicking on the links below. (An Acrobat (PDF) 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

20 Gross Product by Industry, 1947–96 (PDF)

The estimates of gross product by industry have been revised to incorporate the final results of the most recent comprehensive revision of the NIPA’s, the results of this year’s annual revision of the NIPA’s, and newly available source data. In addition, new estimates are available for 1996, which represents a speedup in the availability of estimates for the most recent complete year. For 1992–96, one-half of the 2.6-percent growth rate in real GDP was accounted for by durable goods manufacturing (0.8 percent) and by services (0.5 percent). For the total economy, the labor share of gross product declined slightly, from 58½ percent in 1992 to 58 percent in 1996, as a decline in the labor share for manufacturing was nearly offset by an increase in the labor share for non-manufacturing.

36 Benchmark Input Output Accounts for the U.S. Economy, 1992: Make, Use, and Supplementary Tables (PDF)

The 1992 benchmark input-output (I-O) accounts present a detailed picture of how industries interact to provide input to and take output from each other. The 1992 I-O accounts incorporate a number of changes, including the major improvements that were introduced in the most recent comprehensive revision of the NIPA’s, that enable the accounts to more accurately reflect the evolving U.S. economy and that increase the accuracy and reliability of the estimates. In addition, the publication of these accounts within a year of the release of

the final results of the 1992 economic censuses represents a speedup in their availability as outlined in BEA’s Strategic Plan.

84 Note on Alternative Measures of Gross Product by Industry (PDF)

The preceding two articles present two independently derived measures of current-dollar gross product by industry for 1992. This note briefly describes the differences between the two measures and the efforts that are underway to better integrate them.

Regular features

1 Business Situation (PDF)

Real GDP increased 3.5 percent in the third quarter of 1997, about the same pace as in the second quarter; personal consumption expenditures, which increased 5.7 percent, contributed the most to the third-quarter increase in GDP. The price index for gross domestic purchases increased 1.2 percent after increasing 0.8 percent.

6 Motor Vehicles, Model Year 1997 (PDF)

In model year 1997, sales of motor vehicles totaled 15.4 million units; sales have ranged between 15.2 million and 15.5 million for the past 4 years. In 1997, sales of new trucks increased 4.6 percent to a record 7.1 million units, but sales of new cars decreased 4.6 percent to 8.3 million units.

12 Comparison of BEA Estimates of Personal Income and IRS Estimates of Adjusted Gross Income: New Estimates for 1995 and Revised Estimates for 1947–94 (PDF)

BEA’s measure of personal income and the IRS measure of adjusted gross income—two widely used measures of household income—are reconciled through a series of adjustments for definitional and statistical differences between the two measures. This reconciliation incorporates the final results of the most recent comprehensive revision of the NIPA’s, the results of this year’s annual revision of the NIPA’s, and information from the Statistics of Income Bulletin.

86 Reconciliation of the U.S.­Canadian Current Account, 1995 and 1996 (PDF)

For both 1995 and 1996, the reconciliation of the U.S.-Canadian current account results in a U.S. current-account deficit with Canada that is somewhat larger than the deficit in the U.S.-published accounts. The annual reconciliation shows how the current-account estimates would appear if both countries used the same definitions, methodologies, and data sources.

100 Personal Income by State and Region, Second Quarter 1997 (PDF)

Personal income in the Nation increased 1.2 percent in the second quarter of 1997 after increasing 1.9 percent in the first quarter. In all States, the increases in personal income exceeded the 0.2-percent increase in prices paid by U.S. consumers. Arkansas, Arizona, Nevada, and Delaware had the fastest growth in personal income in the second quarter.

116 Errata

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)


D--73 Appendix A: Additional information about BEA’s NIPA estimates (PDF)
D--75 Appendix B: Suggested reading (PDF)

Inside back cover: BEA Information (PDF)

(A listing of recent BEA publications available from the Government Printing Office)

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



Benchmark Input Output Accounts. The second of the two articles that present the 1992 benchmark input output accounts for the U.S. economy will be published in the December issue of the SURVEY. This article will include the three basic input output requirements tables for each of 97 industries.