I'm looking at value added by industry from two different BEA sources and they have different numbers. Why? Am I missing something?
https://www.bea.gov/data/industry-tables-no-longer-published ("components of value added by industry" must be downloaded)
I go to each of these links and look at the information for 2023, for example. It's not the same.
Why doesn't BEA data doesn't match itself?
byu/Neat_Category4625 inAskEconomics
Posted by Neat_Category4625
3 Comments
Read the notes in the first link.
Note. The Bureau of Economic Analysis does not include these detailed estimates in the published tables because their quality is significantly less than that of the higher level aggregates in which they are included.
Note. Detail may not add to total due to rounding.
The table in your 2nd link was last updated September 26, 2024, and is no longer being updated. GDP/Value Added data have been revised since then, and the annual updates can span back prior to a year ago (there are also more comprehensive benchmark revisions that can revise the entire GDP history).
So the answer is: use the first link as the most up-to-date series on industry value-added estimates.
this is the excel file (last updated in 2024):
> Information 1,010,020 1,041,450 1,142,631 1,181,294 1,310,379 1,367,468 1,477,938
this is the dashboard:
> Information 1,010,020 1,041,450 1,142,631 1,181,848 1,312,628 1,383,492 1,491,283
they’re a little off for more recent years, although that could just be revisions, which I think are done for up to five years.