March 2003 - Volume 83 - Number 3
Business Situation: Preliminary Estimates for the Fourth Quarter of
Real GDP increased 1.4 percent in the fourth quarter of 2002, according
to the "preliminary" estimate, after increasing 4.0 percent
in the third quarter. The "advance" estimate issued last month
had shown a 0.7-percent increase in the fourth quarter. The upward revision
was mainly attributable to an upward revision to inventory investment.
The price index for gross domestic purchases increased 1.6 percent after
increasing 1.2 percent. The advance estimate had shown a 1.8-percent increase.
in XLS format)
Federal Budget Estimates, Fiscal Year 2004
Each year, BEA prepares an adjusted presentation of the administration's
budget estimates (as presented in Budget of the United States Government,
Fiscal Year 2004) that is consistent with the framework of the NIPA's.
The fiscal year relationships derived from the budget estimates are then
used in preparing BEA's current quarterly estimates of Federal Government
receipts and expenditures. For fiscal year 2004, the Federal current deficit
on the NIPA basis is estimated at $301.2 billion, compared with the deficit
of $307.4 billion in the administration's budget.
(Tables in XLS
BEA's Regional Accounts
BEA's regional accounts present estimates of State personal income, of
personal income for counties, metropolitan areas, and BEA economic areas,
and of gross state product. These estimates are consistent with the estimates
of personal income and gross domestic product that are presented in BEA's
national income and product accounts. BEA also prepares regional economic
multipliers that can be used to estimate the effects of the changes in
the output of one or more industries in an area on the output, employment,
and labor earnings in the other industries in the area.
Households and Nonprofit Institutions. An
article that introduces a new NIPA presentation that shows incomes and
outlays for households separately from those for nonprofit institutions
is scheduled for publication in the April issue of the
Survey . The separate estimates will facilitate analyses of the differences
in saving, expenditures, and other economic behavior between these two
types of institutional units.
State Government and Local Government Receipts
and Expenditures. An article that provides separate estimates of
the finances of State governments and of local governments is scheduled
for publication in the April issue of the Survey
. The article will analyze trends in State government receipts and expenditures
and in local government receipts and expenditures for 1959-2001.
BEA Current and Historical Data
- Selected NIPA tables (PDF)
- Other NIPA and NIPA-related tables (PDF)
- Historical measures (PDF)
- Domestic perspectives (PDF)
- Charts (PDF)
- Transactions tables (PDF)
- Investment tables (PDF)
- International perspectives (PDF)
- Charts (PDF)
- State and regional tables (PDF)
- Local area table (PDF)
- Charts (PDF)
- Additional information about the NIPA estimates (PDF)
- Suggested reading (PDF)