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Data Watch: The U.S. National Income and Product Accounts

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  • Joel Popkin

Abstract

GDP is arguably the most widely used economic statistic. It is part of the National Income and Product Accounts (NIPAs). The concepts, methods and source data for the NIPAs are described in this article. It contains citations to more detailed information obtainable from the publications and web sites of the U.S. Bureau of Economic Analysis, the agency responsible for the NIPAs. A brief history describes the evolution of the accounts. It explains the growing congruence between the U.S. accounts and the UN's System of National Accounts (SNA). The integration of financial and satellite accounts into the NIPAs is summarized.

Suggested Citation

  • Joel Popkin, 2000. "Data Watch: The U.S. National Income and Product Accounts," Journal of Economic Perspectives, American Economic Association, vol. 14(2), pages 215-224, Spring.
  • Handle: RePEc:aea:jecper:v:14:y:2000:i:2:p:215-224
    Note: DOI: 10.1257/jep.14.2.215
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.14.2.215
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    References listed on IDEAS

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    1. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Katharine G. Abraham & Christopher Mackie, 2006. "A Framework for Nonmarket Accounting," NBER Chapters, in: A New Architecture for the U.S. National Accounts, pages 161-192, National Bureau of Economic Research, Inc.

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    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General

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