Updated Summary of NIPA Methodologies
The data and methods used to prepare current-dollar and real gross domestic product and current-dollar gross domestic income, reflecting the 2023 comprehensive update of the National Economic Accounts.
December 1, 2023
Improved Estimates of the National Economic Accounts
A detailed look at the 16th comprehensive update, which was released in September, and the major changes in statistics, definitions, and presentations. This marks the first concurrent release of the benchmark supply and use tables and the comprehensive updates of BEA’s national, industry, and regional accounts.
November 9, 2023
Government Receipts and Expenditures
Net government saving decreased $108.3 billion to −$1,845.4 billion in the second quarter of 2023. Net federal government saving increased $13.0 billion to −$1,660.7 billion. Net state and local government saving decreased $121.3 billion to −$184.7 billion.
October 17, 2023
In 2022, U.S. exports of services exceeded U.S. imports of services for a surplus of $231.8 billion. In 2021, services supplied to foreign markets through foreign affiliates of U.S. MNEs exceeded services supplied to the United States through U.S. affiliates of foreign MNEs.
The U.S. current-account deficit decreased to $212.1 billion in the second quarter of 2023 from $214.5 billion in the first quarter of 2023.
The net international investment position decreased from −$16.74 trillion in the first quarter of 2023 to −$18.00 trillion in the second quarter.
Statistics on value added and employment and expenditures on property, plant, and equipment and research and development in 2021.
Growth in the outward investment position increased $212.2 billion in 2022 to $6.58 trillion, up 3.3 percent from 2021. The inward investment position increased $216.8 billion to $5.25 trillion, up 4.3 percent from 2021.
A look at upcoming improvements to statistics for GDP, personal income, personal consumption expenditures, and regional price parities to be introduced as part of the 2023 update, which will mark the first concurrent release of comprehensive updates of BEA’s national, industry, and regional accounts.