National Income and Product Accounts

A measure of the saving that is available to support the nation’s stock of fixed assets. It is equal to the sum of personal saving, undistributed corporate profits with inventory valuation and capital consumption adjustments, net government saving, and consumption of fixed capital. It is also equal to gross national income less the sum of personal consumption expenditures, government consumption expenditures, and current taxes and transfer payments to the rest of the world.

Component of gross private domestic investment that measures additions and replacements to the stock of private fixed assets without deducting depreciation. It consists of two components: nonresidential fixed investment and residential fixed investment.

The sum of incomes earned and costs incurred in production by labor and property supplied by U.S. residents. It is equal to gross domestic income plus income receipts from the rest of the world less income payments to the rest of the world. It is also equal to gross national product less the statistical discrepancy.

See “Gross domestic fixed investment.”

Part of BEA’s regional economic accounts, these estimates are the local area counterpart of the nation’s GDP. The estimates are computed by applying the state ratio of GDP to earnings by place of work to local estimates of earnings by place of work.

GDP by industry measures the contribution of each private industry and of government to the nation’s output, or GDP. An industry's GDP, or its "value added," is equal to its gross output minus its intermediate inputs.

Gross private fixed investment plus gross government fixed investment.

See “Gross domestic investment.”

Account 4 of the summary NIPAs. This account summarizes the combined transactions of federal, state, and local governments.

NIPA classification that consists of the following NAICS sectors: agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.