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Catalog of Federal Domestic Assistance

Program Descriptions

CATALOG OF FEDERAL DOMESTIC ASSISTANCE

11.025: Measures and Analyses of the U.S. Economy

Objectives: To produce and disseminate accurate, timely, relevant, and cost-effective economic accounts statistics that provide government, businesses, households, and individuals with a comprehensive, up-to-date picture of economic activity. BEA's national, regional, and international economic accounts present basic information on such key issues as U.S. economic growth, regional economic development, and the Nation's position in the world economy. The principal statistics prepared by BEA include gross domestic product (GDP), corporate profits, personal income by State and region, U.S. balance of payments, international trade, and GDP by industry.

PROGRAM AND AWARD FINANCIAL AND INFORMATION CONTACTS

ELIGIBILITY REQUIREMENTS FINANCIAL AND ADMINISTRATIVE INFO.

APPLICATION AND AWARD PROCESS INFORMATION CONTACTS

RELATED PROGRAMS ASSISTANCE CONSIDERATIONS

PROGRAM ACCOMPLISHMENTS POST ASSISTANCE REQUIREMENTS

11.025 ELIGIBILITY REQUIREMENTS:

Applicant Eligibility: Any business, public official, civic organization, or private citizen may request information in person, by letter, by phone, or by e-mail.

Beneficiary Eligibility: Any business, public official, civic organization, or private citizen may request information in person, by letter, by phone, or by e-mail.

Credentials/Documentation: None.

11.025 APPLICATION AND AWARD PROCESS:

Preapplication Coordination: Not applicable. This program is excluded from coverage under E.O. 12372.

Application Procedure: Not applicable.

Award Procedure: Not applicable.

Deadlines: Not applicable.

Range of Approval/Disapproval Time: Not applicable.

Appeals: Not applicable.

Renewals: Not applicable.

Criteria for Selecting Proposals: Not applicable.

Examples of Funded Projects: Not applicable.

Range and Average of Financial Assistance: Not applicable.

11.025 RELATED PROGRAMS:

11.001 Census Bureau Data Products;
11.110 Trade Development;
17.003 Prices and Cost of Living Data;
17.004 Productivity and Technology Data;
17.006 Employment Projections Data.

11.025 PROGRAM ACCOMPLISHMENTS:

BEA's principal accomplishment in the past six months was the comprehensive revision of the national income and product accounts (NIPA's). Details of the revision were presented in a series of articles published in the Survey of Current Business, BEA's monthly journal: "Preview of the 1999 Comprehensive Revision of the NIPA's: Definitional and Classificational Changes," in August 1999; "Preview of the 1999 Comprehensive Revision of the NIPA's: New and Redesigned Tables," in September 1999; "Preview of the 1999 Comprehensive Revision of the NIPA's: Statistical Changes," in October 1999; "Initial Results of the 1999 Comprehensive Revision of the NIPA's," in November 1999; and "Improved Estimates of the NIPA's for 1959-98," in December 1999. In addition, in December it was announced that the development of the national income and product accounts had been selected as the Commerce Department's "achievement of the century." Other major accomplishments included the publication of preliminary results from the 1997 benchmark survey of foreign direct investment in the United States, which marked the first use by BEA of a new industry classification system based on the North American Industry Classification System, and the publication of the 1996 annual input-output (I-O) accounts, which marked the resumption by BEA of the regular preparation of annual I-O accounts.

11.025 FINANCIAL AND ADMINISTRATIVE INFO:

Federal Agency: BUREAU OF ECONOMIC ANALYSIS, ECONOMICS AND STATISTICS ADMINISTRATION, DEPARTMENT OF COMMERCE

Type of Assistance: Dissemination of Technical Information.

Obligations: (Salaries and expenses) FY 99 $48,388,000; FY 00 est $49,330,000; and FY 01 est $54,713,000.

Budget Account Number: 13-1500-0-1-376.

Authorization: 15 U.S.C. 171 et seq., Chapter 5, 1516, 22 U.S.C. 286f, 3101 et seq., Chapter 46.

Regulations, Guidelines, and Literature: BEA's estimates are available on the BEA Website at www.bea.doc.gov, in publications, and on diskettes and CD-ROMs. BEA's products are described in the Catalog of Products, which is available from the BEA Public Information Office and on the BEA Website. For more information on the availability of BEA's products, call the BEA Order Desk at 1-800-704-0415; from outside the United States, call 202-606-9666. The Survey of Current Business, BEA's monthly journal, presents summary estimates and analyses of U.S. economic activity. The Survey is available by subscription from the Superintendent of Documents, U.S. Government Printing Office (GPO): List ID SCUB, price $48.00 per year (domestic second-class mail), $60.00 (foreign second-class mail), or $120.00 (domestic first-class mail); single copy price $17.25 (domestic) or $21.56 (foreign). Foreign airmail delivery rates are available upon request from GPO. To order using Visa, MasterCard, or a GPO deposit account, call 202-512-1800 or fax 202-512-2250. To order by mail, send a check payable to "Superintendent of Documents" to Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. To order on-line, go to the GPO Website at www.gpo.gov/su_docs/sale.html BEA's estimates also are available on-line by subscription through STAT-USA Internet at www.stat-usa.gov. For more information, call STAT-USA at 1-800-782-8872; from outside the United States, call 202-482-1986.

11.025 INFO CONTACTS:

Regional or Local Office: Department of Commerce district offices listed in Appendix IV of the Catalog.

Headquarters Office: Public Information Office, Bureau of Economic Analysis, Department of Commerce, 1441 L St., NW., BE-53, Washington, DC 20230. Phone: 202-606-9900. TDD: 202-606-5335. E-mail: webmaster@bea.doc.gov. FTS is not available.

(See Appendix IV for more contact info.)

11.025 ASSISTANCE CONSIDERATIONS:

Formula and Matching Requirements: Not applicable.

Length and Time Phasing of Assistance: Not applicable.

Uses and Use Restrictions: The measures and analyses produced by BEA are used in the formulation and execution of fiscal, financial, international, and other policies related to the major economic goals of the Nation. The information provided by BEA aids businesses plan production, pricing, and investment programs. This information also is essential for economic decision-making by State and local governments, labor, other economic groups, and by individuals who need a better orientation in an increasingly complex economic world. In addition, teaching and research programs at universities and research organizations rely on the information provided.

11.025 POST ASSISTANCE REQUIREMENTS:

Reports: Not applicable.

Audits: Not applicable.

Records: Not applicable.