BEA is developing tools to better capture the effects of fast-changing technologies on the U.S. economy and on global supply chains. The project seeks to calculate the digital economy's contribution to U.S. GDP, improve measures of high-tech goods and services, and offer a more complete picture of international trade. Other goals are to advance research for digital goods and services, the sharing economy and free digital content, and to explore economic measures beyond GDP to better understand Americans' well-being.

BEA is developing tools to better capture the effects of fast-changing technologies on the U.S. economy and on global supply chains. The project seeks to calculate the digital economy's contribution to U.S. GDP, improve measures of high-tech goods and services, and offer a more complete picture of international trade. Other goals are to advance research for digital goods and services, the sharing economy and free digital content, and to explore economic measures beyond GDP to better understand Americans' well-being.

The Under Secretary for Economic Affairs requests nominations of individuals to the Federal Economic Statistics Advisory Committee. The Under Secretary for Economic Affairs in coordination with the Directors of the Department's statistical agencies, the Bureau of Economic Analysis and the U.S. Census Bureau, as well as the Commissioner of the U.S. Department of Labor's Bureau of Labor Statistics will consider nominations received in response to this notice, as well as from other sources. The SUPPLEMENTARY INFORMATION section of this notice provides Committee and membership criteria.

This Bureau of Economic Analysis webpage will consolidate information about the COVID-19 virus and federal stimulus programs as they relate to BEA's economic data. Any technical information important to a particular news release will also be published with the news release.

Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. In the first quarter, government assistance payments, such as direct economic impact payments, expanded unemployment benefits, and Paycheck Protection Program loans, were distributed to households and businesses through the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan Act. In the fourth quarter of 2020, real GDP increased 4.3 percent. For more details, including source data, see the Technical Note and Federal Recovery Programs and BEA Statistics.

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. In the first quarter, government assistance payments, such as direct economic impact payments, expanded unemployment benefits, and Paycheck Protection Program loans, were distributed to households and businesses through the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan Act. In the fourth quarter of 2020, real GDP increased 4.3 percent.

Looking for the lowdown on your favorite industry? BEA's Industry Facts provide industry specific information on value added, intermediate inputs, and gross output in real and current dollars. Now with Industry Facts, you can access consolidated data tables or print a one page overview of your industry's latest statistics. Select an industry below and start learning!

BEA and the Bureau of Labor Statistics have updated and expanded their joint data set showing sources of growth or decline in industries and how those sources affect the U.S. economy overall. New detail was added about the contributions of information technology and other types of capital assets.

The U.S. integrated industry-level production account was updated in March with new estimates for 2019 and updated estimates for 1987-2018. This data set presents a bottom-up picture of the sources of economic growth that can be used to study structural changes in the U.S. economy, globalization, the impact of new technologies, and the origins of productivity growth.

The account integrates data from BEA and BLS to show the contributions of capital, labor, and productivity to industries’ outputs and gross domestic product. This is sometimes called "KLEMS" data, for the broad categories of inputs used by industries (K=capital, L=labor, E=energy, M=materials, and...

Key economic indicators, such as GDP and unemployment rates, provide a useful backdrop for assessing the state of the economy. However, more nuanced statistics can be of use during the COVID-19 pandemic. In this paper, we extend the domain of relevance for economic statistics by developing a… Read more

BEA and the Bureau of Labor Statistics have updated and expanded their joint data set showing sources of growth or decline in industries and how those sources affect the U.S. economy overall. New detail was added about the contributions of information technology and other types of capital assets.

The U.S. integrated industry-level production account was updated in March with new estimates for 2019 and updated estimates for 1987-2018. This data set presents a bottom-up picture of the sources of economic growth that can be used to study structural changes in the U.S. economy, globalization, the impact of new technologies, and the origins of productivity growth.

The account integrates data from BEA and BLS to show the contributions of capital, labor, and productivity to industries’ outputs and gross domestic product. This is sometimes called "KLEMS" data, for the broad categories of inputs used by industries (K=capital, L=labor, E=energy, M=materials, and...