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Table of Contents November 2002

Special in this issue

6 Note on the Upcoming Comprehensive Revision of the National Income and Product Accounts

  • Next year, BEA will be preparing a comprehensive revision of the NIPA's. The major areas of work include instituting a new processing system; evaluating and implementing changes in definitions, methodology, and presentation; and improving consistency with other accounts and with international standards.
    (PDF)

23 Gross Domestic Product by Industry for 1999-2001

  • In 2001, the U.S. economy grew only slightly after growing at an average annual rate of 4.0 percent in 1995-2000. The slowdown reflected a downturn in private goods-producing industries and a deceleration in private services-producing industries. However, robust growth continued in a number of services and manufacturing industries, partly reflecting decreases in unit labor costs and unit capital costs as a result of increasing productivity. The new estimates of GDP by industry for 2001 and the revised estimates for 1999 and 2000 incorporate the results of this year's annual revision of the NIPA's and newly available source data.
    (PDF) (Free download: "1947-2001 Gross Domestic Product by Industry." Description of this product.)

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Regular features

1 Business Situation: Advance Estimates for the Third Quarter of 2002

  • The pace of U.S. production picked up in the third quarter of 2002: Real GDP increased 3.1 percent after increasing 1.3 percent in the second quarter. Most of the pickup was attributable to consumer spending, which was boosted in the third quarter by a surge in auto and truck purchases. U.S. inflation moderated: The price index for gross domestic purchases increased 1.4 percent after increasing 2.3 percent.
    (PDF) (Tables in XLS format.)

13 Comparison of BEA Estimates of Personal Income and IRS Estimates of Adjusted Gross Income: New Estimates for 2000 and Revised Estimates for 1999

  • BEA's estimates of personal income and the IRS estimates of adjusted gross income (AGI)--two widely used measures of household income--are reconciled through a series of adjustments for definitional and statistical differences between the two measures. This year's reconciliation reflects the recent annual revision of the NIPA's and recent updates to the AGI estimates.
    (PDF) (Tables in XLS format.)

42 Reconciliation of the U.S.-Canadian Current Account, 2000 and 2001

  • Each year, the U.S. and Canadian current-account estimates are reconciled using a common set of definitions, methodologies, and data sources. On the reconciled basis, the U.S. current-account deficits with Canada are larger than those shown in the U.S.-published accounts. For 2000, the deficit on the reconciled basis is $40.4 billion, compared with the U.S.-published deficit of $30.5 billion. For 2001, the reconciled deficit is $40.0 billion, compared with the published deficit of $26.5 billion.
    (PDF)

55 Personal Income by State, Second Quarter 2002

  • Personal income for the Nation increased 1.3 percent in the second quarter of 2002, about the same as in the first quarter. The growth in personal income slowed in 35 States and picked up in only 14 States, but the 14 States included the large States of California, New York, and Texas. Nevada led the Nation in personal income growth in the second quarter, and North Dakota was the only State in which personal income declined.
    (PDF) (The tables in this article may be viewed and downloaded interactively.)

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Reports and statistics

8 Updated NIPA Tables

  • (PDF) (The tables from this report may be viewed and downloaded interactively.)

21 Federal Personal Income Tax Liabilities and Payments, 1959-2000

  • (PDF) (Table in XLS format.)

D-1 BEA Current and Historical Data

National Data

  • D-2 Selected NIPA tables (PDF)
  • D-30 Other NIPA and NIPA-related tables (PDF)
  • D-39 Historical measures (PDF)
  • D-42 Domestic perspectives (PDF)
  • D-44 Charts (PDF)

International Data

  • D-52 Transactions tables (PDF)
  • D-58 Investment tables (PDF)
  • D-63 International perspectives (PDF)
  • D-64 Charts (PDF)

Regional Data

  • D-65 State and regional tables (PDF)
  • D-69 Local area table (PDF)
  • D-71 Charts (PDF)

Appendixes

  • D-73 Additional information about the NIPA estimates (PDF
  • D-75 Suggested reading (PDF)

Looking Ahead

  • Benchmark Input-Output Accounts. An article that presents the 1997 benchmark input-output accounts for the U.S. economy is scheduled to be published in the December Survey . The article will discuss the presentation of the accounts on the basis of the North American Industry Classification System (NAICS), and it will present the make (production) table and the use (consumption) table for 130 NAICS-based industries.
  • Annual Input-Output Accounts. The annual input-output accounts for 1999 will be made available on BEA's Web site <www.bea.gov> in December. The data will be available as downloadable files and through interactive access.

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