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,
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
Chained-type price and quantity indexes and contributions by industry

9. BEA’s KLEMS Statistics
Data for 2008

10. Purchased Services Disaggregation
Aggregation of 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