In 2023, for the first time, BEA is producing its benchmark updates of the nation's gross domestic product and related industry and state statistics within the same timeframe. This page will present the results of the national, industry, and state comprehensive updates and information about the timing of those data releases.

BEA released initial results of the comprehensive update of the National Economic Accounts (NEAs), which include the National Income and Product Accounts (NIPAs) and the Industry Economic Accounts (IEAs), on September 28, 2023.

The comprehensive update will present revised statistics for gross domestic product (GDP), GDP by industry, and gross domestic income:

  • Current-dollar measures of GDP and related components will be revised from the first quarter of 2013 through the first quarter of 2023.
  • Gross domestic income and select income components will be revised from the first quarter of 1979 through the first quarter of 2023.
  • Current-dollar GDP by industry statistics will be revised beginning with 1997 for annual estimates and beginning with 2005 for quarterly estimates. For current-dollar measures, revisions prior to 2013 will be offsetting across industries within each period.

Output and price measures will use 2017 as the reference year; currently, the reference year is 2012. Quantity and price indexes will be expressed as 2017 equal to 100. Updating the reference year will not affect the percent changes in the price or quantity indexes (or in the chained-dollar estimates), because these changes are measured from chain-type indexes. Revisions to the percent changes in NEA aggregates will reflect the incorporation of newly available and revised source data as well as changes in methodologies. For more details, refer to the "Background Materials" section below.

Results

Article

Briefing

Summary of Results

Note: Updated statistics for the first quarter of 2023 are discussed in the September 28 GDP News release.

NIPA Revisions: Components Detail and Major Source Data and Conceptual Changes Incorporated, 2017-2022 XLSX

Updated COVID-19 Pandemic Response Tables

Effects of Selected Federal Pandemic Response Programs on Personal Income, 2023 Comprehensive Update

Effects of Selected Federal Pandemic Response Programs on Federal Receipts, Expenditures, and Saving, 2023 Comprehensive Update

Paycheck Protection Program Subsidies by Industry in the National Accounts, 2023 Comprehensive Update

Data Availability

As is typical for comprehensive updates, the full set of revised statistics will be released on a flow basis beginning on September 28. This web page will be updated as more details become available and specific release dates are finalized. More specifically:

On May 23, 2024:

  • GDP by industry, Annual, 1997-2016 (value added, gross output, and intermediate inputs by industry)
  • Supply and use tables, total and domestic requirements, and import tables, Annual, 1997-2016
  • KLEMS account tables, Annual, 1998-2016 (capital, labor, energy, materials, and purchased services by industry)
  • GDP by industry (underlying detail), Annual, 1997-2016 (value added, gross output, and intermediate inputs by industry)
  • Components of Value Added, Annual 1998-2016
  • Make and use tables, Annual, 1997-2016
  • PCE and PEQ bridge tables, Annual, 1997-2016

On February 1, 2024:

  • Make tables, use tables, and import matrices, Annual, 2017-2022
  • Total and domestic requirements tables, Annual, 2017-2022
  • PCE and PEQ bridge tables, Annual, 2017-2022
  • Margin tables, Benchmark, 2017
  • Revised supply tables for 2017-2022 to correct the allocation of imports between the “Imports” column and the “CIF/FOB Adjustments on Imports” column for certain transportation commodities. All other elements of the supply tables are unaffected by this update.

On December 5, 2023:

  • Quarterly statistics for GDP by Industry, gross output, and intermediate inputs for first quarter 2018 through second quarter 2023
  • News release for "Gross Domestic Product by Industry, 2nd Quarter 2023 and Comprehensive Update"

On November 20, 2023:

  • Industry Underlying Detail Tables, Annual, 2017–2022 (tables providing 138-industry level of detail for value added, gross output, and intermediate inputs)

On November 17, 2023:

  • NIPA government tables 3.15.1, 3.15.2, 3.15.3, 3.15.4, 3.15.5, 3.15.6, 3.16, 3.17, 3.18A, 3.18B, 3.19, 3.20, and 3.21

On November 3, 2023:

  • Fixed Assets Accounts, Annuals

On October 27, 2023:

  • Components of Value Added, Annual, 2017–2022

On October 18, 2023:

  • KLEMS account tables, Annual, 2017–2022

On September 29, 2023:

  • News release for "Personal Income and Outlays: August 2023"
  • All monthly "GDP & Personal Income" NIPA tables
  • All monthly "Underlying Detail" NIPA tables

On September 28, 2023:

  • News release for "Gross Domestic Product (Third Estimate) and Corporate Profits (Revised), 2nd Quarter 2023 and Comprehensive Update"
  • "GDP & Personal Income" NIPA tables (quarterly and most annual frequency tables)
  • Benchmark Input-Output Supply and Use tables for 2017
  • "GDP by Industry" tables (annual frequency tables for GDP (value added), gross output, and intermediate inputs by industry), covering the period 2017-2022
  • "Underlying Detail" NIPA tables (quarterly and annual frequency tables)
  • Summary of update results including:
    • Summary text and tables
    • Briefing slides
    • A table presenting revisions for selected NIPA components and major source data incorporated

Forthcoming:

  • Remaining GDP by Industry data for earlier quarters

Background Materials

Table Changes

The templates below present updated formats for the GDP news release tables, the Personal Income and Outlays news release tables, the NIPA Interactive Data Application tables, and the flat files for NIPA series and table registers.

A template of updated formats for the Fixed Assets Accounts (FAA) tables and an updated FAA series register flat file are provided below. There are no new FAA tables.

Contact Personnel

Archives

Results

Updated COVID-19 Pandemic Response Tables

Effects of Selected Federal Pandemic Response Programs on State Personal Income

Data Availability

On May 23, 2024:

  • GDP by state, 1997-2016 annual data

On December 14, 2023:

  • News Release: Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2022
  • Comprehensive Update: Real personal consumption expenditures by state and real personal income by state and metropolitan area, annual data revised back to 2008

On December 7, 2023:

  • News Release: Gross Domestic Product by County and Metropolitan Area, 2022
  • Comprehensive Update: Gross domestic product by county and metropolitan area, annual data with industries revised back to 2017

On December 5, 2023:

  • News Release: Gross Domestic Product by State, 2nd Quarter 2023 and Comprehensive Update
  • Comprehensive Update: Gross domestic product by state, quarterly data with industries revised back to 1st quarter 2018

On November 16, 2023:

  • News Release: Personal Income by County and Metropolitan Area, 2022
  • Comprehensive Update: Personal income by county and metropolitan area, annual data with income components revised back to 1979

On October 4, 2023:

  • News Release: Personal Consumption Expenditures by State, 2022
  • Comprehensive Update: Personal consumption expenditures by state, annual data with expenditure categories revised back to 1997

On September 29, 2023:

  • News Release: Personal Income by State, 2nd Quarter 2023 
  • Comprehensive update of the Regional Economic Accounts: 
    • Personal income by state, annual and quarterly data 
      • Annual data revised back to 1979
      • Quarterly data revised for 1st quarter 1979 to 1st quarter 2023
    • GDP by state, 2017-2022 annual data
  • Updated COVID-19 Pandemic Response Tables for State Personal Income

Forthcoming:

  • Remaining state quarterly and county annual GDP tables, including data for earlier quarters and years

Background Materials:

Contact Personnel

Archives