Frequently Asked Questions
Guidelines for Citing BEA Information | ID: 126 | Created: Jan-17-2006
The comprehensive revision of the NIPAs marks the culmination of an estimating cycle that typically takes 5 years. The cycle begins with three "current" estimates for each quarter. The quarterly estimates are subject to annual revisions, usually released at the end of each July, that typically incorporate data for at least the 3 most recent years. A comprehensive, or benchmark revision, is timed to incorporate the benchmark input-output (I-O) accounts, which provide levels of the components of GDP for the benchmark year.
A comprehensive revision also incorporates three major types of improvements:
- Changes in definitions and classifications that update the accounts to reflect the changing U.S. economy. Efforts are also made to improve international comparability by conforming more closely to the accounting framework of the System of National Accounts.
- Statistical changes that update the accounts to reflect the introduction of new and improved methodologies and the incorporation of newly available and revised source data, such as the benchmark I-O accounts.
- Presentational changes that update the NIPA tables to reflect the definitional and statistical changes and make the tables more informative.
Ask us a question...
Using the FAQ database | All FAQs are displayed when first visiting the page. They are ordered by most recent or recently updated and can be filtered by keyword search term, by category, and by manually selecting the page number buttons. To view any FAQ, click on the title to open the answer. Submitting a question is done by selecting the “Ask a question” tab along the top of the FAQ.
Selecting an FAQ | Clicking on the title of the FAQ will bring up the answer to the FAQ. Navigating back to the list of FAQs is done by selecting the tab “Latest FAQs”. A tab to ask a question specifically about this FAQ can be found at the top of the answer. Also, the FAQ id and date this FAQ was created or last modified is shown in the upper right hand corner.
Searching the FAQs | Enter a keyword search term and click the Search button to narrow FAQ selections. To return to all FAQs, click the Clear button or clear the keyword search field and click the Search button.
Filtering FAQs by category | Chose the category to filter by and click Apply button. This will display only the FAQs related to an assigned category. To return to all FAQs click the Clear button next to the search by keyword field or select ALL from the drop down menu and click Apply button.