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BEA’s KLEMS Statistics: Measuring Outputs and Intermediate Inputs

Learn about BEA’s KLEMS Statistics and industry accounts measuring outputs, intermediate inputs, and GDP by industry at the World KLEMS Conference held at Harvard University in 2010.

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BEA’s KLEMS Statistics: Measuring Outputs and Intermediate Inputs

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  1. BEA’s KLEMS Statistics:Measuring Outputs and Intermediate Inputs Brian C. Moyer World KLEMS Conference Harvard University August 19-20th, 2010

  2. BEA’s Industry Accounts • Input-Output Accounts • Benchmark Accounts • Annual Accounts • KLEMS Statistics • GDP by Industry Statistics • Travel and Tourism Satellite Account • R&D Satellite Account

  3. 2010 Comprehensive Revision • Time-series annual I-O accounts, 1998-2008 • Incorporated 1997/2002 benchmark I-O accounts and 2009 NIPA revision • Expanded annual data on business expenses by industry • Improved measures of price change for the services sector

  4. Measuring Output • Industry and commodity output based on a variety of sources • Economic Census data • Census annual surveys (ASM, SAS, etc.) • Trade association data • Data from other government agencies • Detailed commodity distributions retained from benchmark estimates; manufacturing detail updated annually • Expanded Census data for the services sector

  5. Measuring Intermediate Inputs • Benchmark estimates based on Census data (~70%) and other data sources • Annual estimates based on input category controls • Benchmark-year inputs extrapolated with output quantity change • Detailed inputs “reflated” with appropriate input prices • Annual controls applied to groups of inputs

  6. Measuring Value Added • Direct and indirect measures of value added by industry: VA = GO - II • Direct measures based on compensation, taxes on production, and gross operating surplus from NIPA gross domestic income measures • Gross operating surplus based on “quality-weighted” benchmark-year values; company-to-establishment adjustments applied

  7. Balanced I-O Framework

  8. BEA’s KLEMS Statistics • Consistent with BEA’s Annual I-O Accounts—“use” table decomposition of E, M, & S categories by 4-digit NAICS commodities • Statistics available for 1998-2008 • Chained-type price and quantity indexes and contributions by industry

  9. BEA’s KLEMS Statistics Data for 2008

  10. Purchased Services Disaggregation S Aggregation of 30 4-digit commodities Utilities Telecomm Financial Rental & Leasing Outsourcing Other Services Domestic Imports

  11. Purchased Services Shares

  12. Industry production account • BEA/BLS work on aggregate production account • Ongoing work to develop prototype industry-level production account: K & L services from BLS; E, M, & S from BEA • Continued work to reconcile BEA/BLS industry output measures • Longer term: KLEMS statistics available prior to 1998; industry production account available for earlier years

  13. KLEMS Prices

  14. Expanded Detail on Energy

  15. Quarterly GDP by Industry Transportation and Warehousing Industry

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