Articles

Monthly overview of the National Income and Product Accounts (NIPA) estimates

GDP and the Economy: Third Estimates for the Second Quarter of 2014 | SCB, October 2014 (PDF)

2014 Annual Revision of the National Income and Product Accounts

Results

Draft of Updated NIPA Table Formats

NIPA 2014 Draft Annual Revision Table Release Plan

  • June 16:   Web release of draft formats for new and modified NIPA tables, including table titles, line stubs, and footnotes, but no estimates.
  • July 30:  At 8:30 a.m., advance GDP news release for 2014:QII. 
  • July 30:  Web release of the quarterly “Selected” NIPA tables through BEA’s interactive data system and by text and csv (comma-delimited) files; the release of the “Selected” NIPA tables will not include a PDF version.
  • August 1:  Personal income and outlays news release for June 2014, and Web release of monthly NIPA tables.
  • By August 8:  Web release of “Underlying Detail” tables through BEA’s interactive data system.
  • By August 15:  Web release of most NIPA tables not included in the “Selected” NIPA tables through BEA’s interactive data system.
  • August Survey of Current Business: Publication of the article that details the 2014 annual revision of the national income and product accounts and will include: 
    • The seven NIPA summary accounts
    • The table of selected components and major source data
    • The tables of revisions to major aggregates
    The Survey will not include PDF versions of the NIPA tables.  The NIPA tables will be accessible through BEA’s interactive data system. For more information, see the note on the Survey’s home page.
  • September-October-November:  Release of NIPA tables 2.9, 3.15-3.23, 5.10, and 7.19, and of the fixed asset accounts tables through BEA’s interactive data system.

Background materials

Preview of the 2014 Annual Revision of the NIPAs | SCB, May 2014 (PDF)
The Comprehensive Restructuring of the International Economic Accounts: Changes in Definitions, Classifications, and Presentations | SCB, March 2014 (PDF)

 

2013 Comprehensive Revision of the National Income and Product Accounts

Results

Improved Estimates of the National Income and Product Accounts: Results of the 2013 Comprehensive Revision | SCB, September 2013 (PDF)
Briefing: Results of the 2013 NIPA Comprehensive Revision
Decomposition of the current-dollar revisions to GDP for 2002-2012

Additional Information

New Measures of Intellectual Property Products (PDF)
Improved Measures of Defined-Benefit Pensions  (PDF)
Data Users’ Briefing: 2013 Comprehensive NIPA Revision (PDF)
May 15, 2013
Adding Actuarial Information on Defined Benefit Pensions to the US National Accounts (PDF)
Preview of the 2013 Comprehensive Revision of the National Income and Product Accounts: Statistical Changes (PDF)
Preview of the 2013 Comprehensive Revision of the National Income and Product Accounts: Changes in Definitions and Presentations (PDF)
Measuring the Services of Commercial Banks in the National Income and Product Accounts: Changes in Concepts and Methods (PDF)

2012 Annual Revision of the National Income and Product Accounts

Annual Revision of the National Income and Product Accounts: Revised Estimates for 2009-2011 (PDF)
Briefing: Results of the 2012 NIPA Annual Revision (PDF)

2011 Annual Revision of the National Income and Product Accounts

Annual Revision of the National Income and Product Accounts: Revised Estimates for 2003–2010
Briefing: Results of the 2011 NIPA Annual Revision
Information from the June 7 National Economic Accounts Data Users Conference

Additional Information

Preview of the Upcoming Annual NIPA Revision (PDF)
Improving BEA's Accounts Through Flexible Annual Revisions (PDF)

2010 Annual Revision of the National Income and Product Accounts

Briefing: Results of the 2010 NIPA Annual Revision (PDF)
A table that summarizes the major source of revisions to selected components of the NIPAs is available (PDF)

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2009 comprehensive revision

On July 31, 2009, the Bureau of Economic Analysis (BEA) released the results of the comprehensive, or benchmark, revision of the national income and product accounts (NIPAs).  The comprehensive revision incorporated the results of the 2002 benchmark input-output (I-O) accounts as well as changes in definitions, classifications, statistical methods, source data, and presentation.

Updated summary NIPA methodologies (PDF)
Improved Estimates of the National Income and Product Accounts: Results of the 2009 Comprehensive Revision (PDF)
Gross Domestic Product: Second Quarter 2009 (Advance Estimate) | Comprehensive Revision: 1929 Through First Quarter 2009
Interactive NIPA Tables
Briefing: Results of the NIPA Comprehensive Revision (PDF)
A table that summarizes the major sources of revisions to selected components of the NIPAs is available (PDF)
Additional Information
Layouts for the GDP and Personal Income and Outlays News Releases (PDF)
Derivation of Personal Consumption Expenditures Prices and Quantities | June 30, 2009
Briefing on NIPA Comprehensive Revision Changes | June 11, 2009 (PDF)
Access now available for layouts of updated table formats for all NIPA tables
Preview of the 2009 Comprehensive Revision of the NIPAs: Statistical Changes | SCB, May 2009 (PDF)
Preview of New Classifications for Personal Consumption Expenditures for 2002-2006 (XLS)
Preview of the 2009 Comprehensive Revision of the National Income and Product Accounts: Changes in Definitions and Presentations | SCB, March 2009 (PDF)
Draft of updated table formats for personal consumption expenditures (PCE)
Preview of the 2009 Comprehensive Revision of the National Income and Product Accounts: New Classifications for Personal Consumption Expenditures | SCB, May 2008 (PDF)
Preview of Revised NIPA Estimates for 2002: Effects of Incorporating the 2002 Benchmark I-O Accounts and Proposed Definition and Statistical Changes | SCB, March 2008 (PDF)
NIPA annual and comprehensive revision plans | SCB, July 2007 (PDF)
National/Comprehensive Revision FAQs

NIPA annual revisions

Previous annual revisions
Annual Revision of the National Income and Product Accounts: Annual Estimates for 2005–2007 and Quarterly Estimates for the First Quarter of 2005 to the First Quarter of 2008 (PDF)
Annual Revision of the National Income and Product Accounts: Annual Estimates for 2004-2006 and Quarterly Estimates for 2004:I-2007:I| SCB, August 2007 (PDF)
Annual Revision of the National Income and Product Accounts: Annual Estimates for 2003-2005 and Quarterly Estimates for 2003:I-2006:I | SCB, August 2006 (PDF)
Annual Revision of the National Income and Product Accounts: Annual Estimates for 2002-2004 and Quarterly Estimates for 2002:I-2005:I | SCB, August 2005 (PDF)
Fixed Assets and Consumer Durable Goods for 1993-2003 | SCB, September 2004 (PDF)
Annual Revision of the National Income and Product Accounts: Annual Estimates, 2001-2003, and Quarterly Estimates, 2001:I-2004:I | SCB, August 2004 (PDF)
Annual Revision of the National Income and Product Accounts: Annual Estimates, 1999-2001, and Quarterly Estimates, 1999:I-2002:I | SCB, August 2002 (PDF)
Annual Revision of the National Income and Product Accounts: Annual Estimates, 1998-2000, and Quarterly Estimates, 1998:I-2001:I | SCB, August 2001 (PDF)
Annual Revision of the National Income and Product Accounts: Annual Estimates, 1997-99, and Quarterly Estimates, 1997:I-2000:I | SCB, August 2000 (PDF)

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2003 comprehensive revision

Errata: Sources of the Revisions to Selected Income Components | SCB, March 2004 (PDF)
Improved Estimates of the National Income and Product Accounts for 1929-2002: Results of the Comprehensive Revision | SCB, February 2004 (PDF)
Preview of the 2003 Comprehensive Revision of the National Income and Product Accounts: Statistical Changes | SCB, September 2003 (PDF)
Measuring the Services of Commercial Banks in the NIPAs: Changes in Concepts and Methods | SCB, September 2003 (PDF)
Measuring the Services of Property-Casualty Insurance in the NIPAs: Changes in Concepts and Methods | SCB, October 2003 (PDF)
Preview of the 2003 Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables | SCB, August 2003 (PDF)
Preview of the 2003 Comprehensive Revision of the National Income and Product Accounts: Changes in Definitions and Classifications | SCB, June 2003 (PDF)
Income and Outlays of Households and of Nonprofit Institutions Serving Households | SCB, April 2003 (PDF)
Preview of "Revised NIPA Estimates for 1997: Effects of Incorporating the 1997 Benchmark I-O Accounts and Proposed Definitional and Statistical Changes" | SCB, January 2003 (PDF)
Note on the Upcoming Comprehensive Revision of the National Income and Product Accounts | SCB, November, 2002 (PDF)
Selected Issues in the Measurement of U.S. International Services | SCB, June 2002 (PDF)

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Concepts and methods

How BEA Accounts for Investment in Private Structures | February 2009 (PDF)
NIPA Handbook: Concepts and Methods of the U.S. National Income and Product Accounts | October 2009 (updated to reflect the 2009 comprehensive revision) (PDF)
NIPA Handbook, Chapter 5: Personal Consumption Expenditures | September 2009 (PDF)
The fifth chapter of the NIPA handbook, which discusses the concepts, source data, and estimating methods for personal consumption expenditures, is now available.
A Primer on BEA’s Government Accounts | SCB, March 2008 (PDF)
Employee Stock Options and the National Economic Accounts | SCB, February 2008 (PDF)
Updated Summary NIPA Methodologies | SCB, November 2009 (PDF)
Measuring the Economy: A Primer on GDP and the National Income and Product Accounts | September 2007 (PDF)
MP-1: An Introduction to the National Income and Product Accounts | SCB, September 2007 (PDF)
Housing Services in the National Economic Accounts | September 2007 (PDF)
MP-5: Government Transactions | September 2005 (PDF)
The NIPAs and the System of National Accounts | SCB, December 2004 (PDF)
Methodology, Fixed Assets and Consumer Durable Goods in the United States, 1925-97 | September 2003 (PD)
Corporate Profits: Profits Before Tax, Profits Tax Liability, and Dividends: Methodology Paper | September 2002 (PDF)
Recognition of Business and Government Expenditures for Software as Investment: Methodology and Quantitative Impacts, 1959-98 | May 2000 (PDF)
Price Indexes for Selected Semiconductors, 1974-96 | February 1998 (PDF)
The Measurement of Depreciation in the NIPA's | SCB, July 1997 (PDF)
Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95 | SCB, May 1997 (PDF)
Gross Domestic Product as a Measure of U.S. Production | SCB, August 1991 (PDF)
MP-6: Personal Consumption Expenditures | June 1990 (PDF)

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Chain-type measures

Chained-Dollar Indexes: Issues, Tips on Their Use, and Upcoming Changes | SCB, November 2003 (PDF)
A Note on the Impact of Hedonics and Computers on Real GDP | SCB, December 2000 (PDF)
BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth | SCB, May 1997 (PDF)
Preview: BEA's New Featured Measures of Output and Prices | July 1995 (PDF)
Alternative Measures of Change in Real Output and Prices, Quarterly Estimates of 1959-92 | March 1993 (PDF)
Alternative Measures of Change in Real Output and Prices | April 1992 (PDF)
Economic Theory and BEA's Alternative Quantity and Price Indexes | April 1992 (PDF)

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Reliability

Revisions to GDP, GDI, and Their Major Components | SCB, July 2011 (PDF)
The Reliability of the GDP and GDI Estimates | SCB, February 2008 (PDF)
Reliability of the NIPA Estimates of U.S. Economic Activity | SCB, February 2005 (PDF)
Reliability of GDP and Related NIPA Estimates | SCB, January 2002 (PDF)
Reliability of the Quarterly and Annual Estimates of GDP and Gross Domestic Income | SCB, December 1998 (PDF)
Reliability and Accuracy of the Quarterly Estimates of GDP | SCB, October 1993 (PDF)

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NIPA-related articles

NIPA Translation of the Fiscal Year 2010 Federal Budget | SCB, June 2009 (PDF)
Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade, 2006:I–2009:II | SCB, October 2009 (PDF)
Government Receipts and Expenditures Second Quarter of 2009 | SCB, September 2009 (PDF)
Comparing the Consumer Price Index and the Personal Consumption Expenditures Price Index | SCB, November 2007 (PDF)
Comparison of BEA Estimates of Personal Income and IRS Estimates of Adjusted Gross Income: New Estimates for 2005 and Revised Estimates for 2004 | SCB, November 2007 (PDF)
Federal Personal Income Tax Liabilities and Payments for 1959-2002 | SCB, November 2007 (PDF)
Returns for Domestic Nonfinancial Business | SCB, May 2007 (PDF)
Alternative Measures of Personal Saving | SCB, February 2007 (PDF)
GDP and Other Major NIPA Series for 1929-2006: II | SCB, August 2006 (PDF)
Federal Budget Estimates for Fiscal Year 2007 | SCB, March 2006 (PDF)
Saving, Wealth, Investment, and the Current-Account Deficit | SCB, April 2005 (PDF)
Estimates of Real Government Consumption Expenditures and Gross Investment by Function for 1959-2003 | SCB, October 2004 (PDF)
Note on the Profitability of Domestic Nonfinancial Corporations, 1960-2001 | SCB, September 2002 (PDF)
Comparing NIPA Profits With S&P Profits | SCB, April 2001 (PDF)
Measuring the New Economy | SCB, March 2001 (PD)
Trends in Consumer Spending, 1959-2000 | SCB, March 2001 (PDF)

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NIPA-related research papers

Papers
A Reconciliation between the Consumer Price Index and the Personal Consumption Expenditures Price Index by Clinton P. McCully, Brian C. Moyer, and Kenneth J. Stewart | September 2007 (PDF)
An Overview of BEA's Source Data and Estimating Methods for Quarterly GDP by Arnold J. Katz | November 6-10, 2006 (PDF)
The Role of Hedonic Methods in Measuring Real GDP in the United States by Dave Wasshausen and Brent R. Moulton | October 12-13, 2006 (PDF)
Revisions to GDP Estimates in the U.S. by Dennis Fixler | October 7, 2004 (PDF)
NIPA Corporate Profits and Reported Earnings: A Comparison and Measurement Issues by Charles Ian Mead, Brent R. Moulton, and Kenneth Petrick | January 3-5, 2004 (PDF)
Working papers
This section provides links to research papers and analytical presentations prepared by BEA staff. The category includes papers that might be developed into formal papers or presentations at later dates.

The views expressed in these papers are solely those of the authors and not necessarily those of the U.S. Bureau of Economic Analysis or the U.S. Department of Commerce.
An Empirical Comparison of Methods for Temporal Distribution and Interpolation at the National Accounts (WP2007-03) by Baoline Chen | August 2007 (PDF)
The Statistical Discrepancy (WP2007-01) by Bruce T. Grimm | March 2007 (PDF)
Private Nonresidential Building and Apartment Prices (WP2006-7) by Leonard Loebach | November 2006 (PDF)
Evaluating and Adjusting for Chain Drift in National Economic Accounts (WP2005-10) by Christian Ehemman | December 2005 (PDF)
Chain Drift in Leading Superlative Indexes (WP2005-09) by Christian Ehemman | December 2005 (PDF)
Another Look At Nonresidential Building Prices (WP2005-02) by Leonard J. Loebach | February 2005 (PDF)
New Quality Adjusted Price Indexes for Nonresidential Structures (WP2003-03) by Bruce T. Grimm | October 27-28, 2003 (PDF)
Revisions, Rationality, and Turning Points in GDP (WP2003-01) by Dennis J. Fixler and Bruce T. Grimm | January 3-5, 2003 (PDF)
Information Processing Equipment and Software in the National Accounts (WP2002-02) by Bruce T. Grimm, Brent R. Moulton, and David B.Wasshausen | April 26-27, 2002 (PDF)

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Disasters

Frequently Asked Questions on the Treatment of Disasters in the National Accounts
Frequently Asked Question: What are the effects of disasters on income measures?
The Terrorist Attacks of September 11th as Reflected in the National Income and Product Accounts | SCB, November 2001 (PDF)

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Environment

Accounting for Renewable and Environmental Resources | SCB, March 2000 (PDF)
Accounting for Subsoil Mineral Resources | SCB, February 2000 (PD)
Assessing BEA's Prototype Integrated Economic and Environmental Satellite Accounts | SCB, November 1999 (PDF)
Pollution Abatement and Control Expenditures, 1972-94 | SCB, September 1996 (PDF)
Integrated Economic and Environmental Satellite Accounts | SCB, April 1994 (PDF)
Accounting for Mineral Resources: Issues and BEA's Initial Estimates | SCB, April 1994 (PDF)

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1999 Comprehensive NIPA revision

Government Spending by Function: A New Presentation | SCB, June 2000 (PDF)
Improved Estimates of the NIPA's for 1929-99: Results of the comprehensive revision | SCB, April 2000 (PDF)
Improved Estimates of the National Income and Product Accounts for 1959-98: Results of the Comprehensive Revision | SCB, December 1999 (PDF)
A Preview of the 1999 Comprehensive Revision of the National Income and Product Accounts: Statistical Changes | SCB, October 1999 (PDF)
A Preview of the 1999 Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables | SCB, September 1999 (PDF)
A Preview of the 1999 Comprehensive Revision of the National Income and Product Accounts: Definitional and Classificational Changes | SCB, August 1999 (PDF)

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Earlier comprehensive NIPA revision articles

Government Spending by Function: A New Presentation | SCB, June 2000 (PDF)
Preview of Revised NIPA Estimates for 1992 From the 1992 I-O Accounts | SCB, December 1997 (PDF)
Preview of the Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables | SCB, October 1995 (PDF)
Preview of the Comprehensive Revision of the National Income and Product Accounts: Recognition of Government Investment and Incorporation of a New Methodology for Calculating Depreciation | SCB, September 1995 (PDF)

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