Proud Economy 0011
Bureau of Economic Analysis, U.S. Department of Commerce (BEA)
Concepts and Methods of the U.S. National Income and Product Accounts:
(Download NIPA Tables)The national income and product accounts (NIPAs) are one of the three major elements of the U.S. national economic accounts. The NIPAs display the value and composition of national output and the distribution of incomes generated in its production.
The other major elements of the U.S. national economic accounts are the industry accounts, which are also prepared by the Bureau of Economic Analysis (BEA), and the flow of funds accounts, which are prepared by the Federal Reserve Board. The industry accounts consist of the input-output (I-O) accounts, which trace the flow of goods and services among industries in the production process and which show the value added by each industry and the detailed commodity composition of national output, and the gross domestic product (GDP) by industry accounts, which measure the contribution of each private industry and of government to GDP. The flow of funds accounts record the acquisition of nonfinancial and financial assets (and the incurrence of liabilities) throughout the U.S. economy, the sources of the funds used to acquire those assets, and the value of assets held and of liabilities owed.
In addition, BEA prepares two other sets of U.S. economic accounts: the international accounts, which consist of the international transactions (balance of payments) accounts and the international investment position accounts; and the regional accounts, which consist of the estimates of GDP by state and by metropolitan area, of state personal income, and of local area personal income. Finally, the U.S. Bureau of Labor Statistics prepares estimates of productivity for the U.S. economy (which are partly based on the estimates of GDP). Altogether, the system of U.S. economic accounts presents a coherent, comprehensive, and consistent picture of U.S. economic activity Labor Statistics prepares estimates of productivity for the U.S. economy (which are partly based on the estimates of GDP). Altogether, the system of U.S. economic accounts presents a coherent, comprehensive, and consistent picture of U.S. economic activity.
(Gross-Domestic-Product-(GDP)-by-Industry Data)
(Regional Economic Accounts: Download CSV)
(Direct Investment and Multinational Companies: Comprehensive data)
A Primer on BEA’s Industry Accounts By Mary L. Streitwieser:
BEA’s industry accounts—which include the annual and benchmark input-output (I-O) accounts, the GDP by industry accounts, the KLEMS statistics, and satel lite accounts—provide answers to such questions. Broadly speaking, the accounts facilitate the study of the internal workings of the U.S. economy.
Concepts and Methods of the Input-Output Accounts by Karen J. Horowitz and Mark A. Planting:
The input-output (I-O) accounts are an integral and essential element of the U.S. economic accounts. First, they are the building blocks for other economic accounts. Prominent among these are BEA’s national income and product accounts (NIPAs), which feature the estimates of gross domestic product (GDP). Second, the I-O accounts provide detailed statistics on economic processes and relationships. They incorporate a complete, balanced set of economic statistics, and they present a full accounting of industry and final-use transactions.
Board of Governors of the Federal Reserve System
(Data Download Program)(Complete table listing)
Financial Accounts Guide
This interactive documentation serves as a guide to the data compiled and published as part of the “Financial Accounts of the United States” (Z.1) data release, previously called the “Flow of Funds Accounts of the United States”. The Z.1 includes flow of funds, balance sheet, and integrated macroeconomic account data. This comprehensive documentation system is designed to help a user understand the links between series and underlying source data by providing the capability to search or browse the vast amount of information underlying the Z.1.
The U.S. Flow of Funds Accounts and Their Uses by Albert M. Teplin
In simple terms, the flow of funds accounts measure financial flows across sectors of the economy, tracking funds as they move from those sectors that serve as sources of capital, through intermediaries (such as banks, mutual funds, and pension funds), to sectors that use the capital to acquire physical and financial assets. With data extending back more than half a century, the accounts provide a broadly consistent set of time-series data for measuring financial flows in the economy.
Gary Young (proudindiv)
