BEA plans to release the results of the annual update of the National Economic Accounts (NEAs), which include the National Income and Product Accounts (NIPAs) and the Industry Economic Accounts (IEAs), on September 29, 2022. The update will cover the first quarter of 2017 through the first quarter of 2022 and will result in revisions to GDP, GDP by industry, gross domestic income, and related components.
Results
Article
- The 2022 Annual Update of the National Economic Accounts (Presents detailed results for the NIPAs and the IEAs, including the seven summary accounts for the NIPAs.)
Briefing
Summary of Results
Major Source Data and Conceptual Changes Incorporated, 2017–2021 Excel
Note: Updated statistics for the first quarter of 2022 are discussed in the September 29 GDP News release
Updated COVID-19 Pandemic Response Tables
Effects of Selected Federal Pandemic Response Programs on Personal Income
- Quarterly 2019Q3–2021Q4 and annually 2017–2021 (PDF | XLSX)
- Monthly, February 2020–December 2021 (PDF | XLSX)
Effects of Selected Federal Pandemic Response Programs on Federal Receipts, Expenditures, and Saving
Paycheck Protection Program Subsidies by Industry in the National Accounts, 2021 Annual Update
Background Materials
- BEA Updating 2017-22 Statistics With Latest Data
- National, Industry, and State Annual Updates Coming Sept. 29-30 | U.S. Bureau of Economic Analysis (BEA)
- Preview of the 2022 Annual Update of the National Economic Accounts | SCB, May 2022
- Preview of the 2022 Annual Update of the International Economic Accounts | SCB, April 2022
- Annual Update of the U.S. International Transactions Accounts | SCB, July 2022
Note: For the 2022 annual update, there are no format changes to the GDP news release tables, the Personal Income and Outlays news release tables, the NIPA and IEA Interactive Data Tables, or the series and table register "flat" files. Select column and row labels in the IEA supply-use tables will be updated to reflect the new treatment of "subsidies on products" and "other subsidies on production," as noted in the Preview.
Results
- Article: The 2021 Annual Update of the National Income and Product Accounts
- Article: The 2021 Annual Update of the Industry Economic Accounts
Briefing
Summary of Results
- Full text and tables PDF
- Tables only XLSX
Supplemental tables PDF
Updated COVID-19 Pandemic Response Tables
Effects of Selected Federal Pandemic Response Programs on Personal Income
Effects of Selected Federal Pandemic Response Programs on Federal Receipts, Expenditures, and Saving
Paycheck Protection Program Subsidies by Industry in the National Accounts, 2021 Annual Update
Selected Components Detail and Major Source Data Incorporated, 2016–2020 PDF
Note: Updated statistics for the first quarter of 2021 are discussed in the July 29 GDP News release.
Background materials
- GDP Updates for 2020 and Earlier Years Coming July 29 | The BEA Wire, July 2021
- Preview of the 2021 Annual Update of the National Economic Accounts | SCB, May 2021
- Improved Measures of Housing Services for the U.S. Accounts | SCB, May 2021
- Preview of the 2021 Annual Update of the International Economic Accounts | SCB, April 2021
- The 2020 Annual Update of the National Income and Product Accounts | SCB, August 2020
- Annual Update of the U.S. International Transactions Accounts | SCB, July 2020
Results
- Article: The 2020 Annual Update of the National Income and Product Accounts
- Briefing: Results of the 2020 Annual Update of the NIPAs PDF PDF
- Summary of Results
- Full text and tables PDF
- Tables only Excel
- Supplemental tables PDF
- Selected Components Detail and Major Source Data Incorporated, 2015–2019 PDF
Note. Updated statistics for the first quarter of 2020 are discussed in the July 30 GDP News release.
Background materials
- Blog: Annual Update of GDP Statistics Coming July 30
- Preview of the 2020 NIPA Annual Update | SCB, May 2020 PDF
- Preview of the 2020 Annual Update of the International Economic Accounts | SCB, April 2020 PDF
- Annual Update of the U.S. International Accounts | SCB, July 2020 PDF
- Measuring the Services of Commercial Banks in the National Income and Products Accounts: Changes in Concepts and Methods in the 2013 Comprehensive Revision | SCB, February 2013 PDF
Results
- Article: The 2019 Annual Update of the National Income and Product Accounts
- Briefing: Results of the 2019 Annual Update of the NIPAs, 2014-2018
- Summary of Results for 2014-2018
- Table A. Selected Components Detail and Major Source Data Incorporated, 2014–2018
Note: Updated statistics for the first quarter of 2019 are discussed in the July 26 GDP News release.
Background materials
- Blog: Five Years of GDP Data Will Be Updated July 26
- Preview of the 2019 NIPA Annual Update | SCB, May 2019
- Measuring the Digital Economy: Plans and Progress | May 2019 BEA Advisory Committee meeting PDF
- Disentangling Cell Phone Spending from Cellular Telephone Services | May 2019 BEA Advisory Committee meeting PDF
Results
- Briefing: Results of the 2018 Comprehensive Update of the NIPAs PDF
- Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2012-2017 PDF
- Article: Improved Estimates of the National Income and Product Accounts: Results of the 2018 Comprehensive Update PDF
Background materials
- Preview of the 2018 Comprehensive Update of the National Income and Product Accounts: Changes in Methods, Definitions, and Presentations
- Blog: Coming July 27: GDP Statistics Updated to Keep Pace with Ever-Changing Economy
- Blog: BEA on Track to Implement Third Phase to Combat Potential for Residual Seasonality in GDP
- Updating BEA's National Accounts: Update on Seasonal Adjustment Plans | November 2017 BEA Advisory Committee meeting PDF
- Quality-Adjusted Prices for High Tech Goods/Services: Current Work and Future Plans | November 2017 BEA Advisory Committee meeting PDF
- Updating BEA's National Accounts: Overview of Plans Including Seasonal Adjustment | May 2017 BEA Advisory Committee meeting PDF
- Residual Seasonality in GDP and GDI: Findings and Next Steps | SCB, July 2016 PDF
- Results
- Briefing: Results of the 2017 NIPA Annual Update (PDF)
Note. The August 2017 Survey of Current Business contains an article describing the results of the 2017 NIPA Annual Update in detail.
- Briefing: Supplemental Tables (PDF)
- Table: Major Sources of Revision to Selected NIPA Components, 2014-2016 (PDF)
- Article: The 2017 Annual Update of the National Income and Product Accounts (PDF)
- Briefing: Results of the 2017 NIPA Annual Update (PDF)
- Background materials
- Results
- Background materials
- Results
- Background materials
- Preview of the 2015 Annual Revision of the NIPAs | SCB, June 2015 (PDF)
- Why Does BEA Revise GDP Estimates?
- New BEA Tools for Analyzing Economic Growth
- How will the Census Bureau's new advance trade report impact BEA's GDP estimate?
- Preview of the 2015 Annual Revision of the International Economic Accounts: Changes in Classifications and New Source Data | SCB, April 2015 (PDF)
- NIPA Estimation Methods
- NIPA Handbook: Concepts and Methods (PDF)
- Updated Summary NIPA Methodologies | SCB, November 2015 (PDF)
- A Snapshot of the Seasonal Adjustment Process for GDP
- BEA Works to Mitigate Sources of Residual Seasonality in GDP
- Accounting for Seasonality in GDP
- Gross Domestic Product and Gross Domestic Income: Revisions and Source Data | SCB, June 2014 (PDF)
- Revisions to GDP, GDI, and their major components | SCB, August 2014 (PDF)
- Results
- 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)
- Results
- 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)
- Frequently Asked Questions
- What changes in definitions and presentations will be introduced in the 2013 NIPA comprehensive revision?
- How did BEA change the treatment of spending for research and development during the 2013 comprehensive revision?
- What changes were made to pensions during the 2013 comprehensive revision, and how have the changes affected private, federal, and state and local compensation?
- What is a NIPA benchmark or comprehensive revision?
- What are changes in definitions to the NIPA accounts?
- How do benchmark estimates differ from annual revisions or monthly "current" estimates?
- What are the major sources of new data that are incorporated during a comprehensive revision?
- Why are real estimates rebased?
- Additional Information
- BEA's R&D Satellite Account
Background Papers and Past Releases of the Research and Development Satellite Account - Research Spotlight: Artistic Originals as Capital Assets (PDF)
SCB, June 2011 - Research Spotlight: Defined Benefit Pensions and Household Income and Wealth (PDF)
SCB, August 2009
- BEA's R&D Satellite Account
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
- National Income and Product Accounts Tables | June 8, 2009
- Underlying Detail for the National Income and Product Accounts Tables | June 8, 2009
- 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
- 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)
- 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)