BENCHMARK INPUT-OUTPUT ACCOUNT OF THE U.S. ECONOMY, 2007

The Bureau of Economic Analysis (BEA) today released its 2007 Benchmark Input-Output (I-O) Account of the U.S. Economy. This widely used account�which provided the foundation for BEA�s 2013 comprehensive revision of its gross domestic product (GDP) statistics�offers a comprehensive picture of the inner workings of the U.S. economy, showing production relationships among nearly 400 industries and commodities.

For the first time, the benchmark I-O accounts are fully consistent with both BEA�s national income and product accounts (NIPAs) and industry economic accounts, including the annual I-O accounts and the GDP-by-industry accounts.…