1.3.6. Real Gross Value Added by Sector, Chained Dollars from the NIPA: Domestic Product and Income database shown in [Millions of chained (2012) dollars] Seasonally adjusted at annual rates Date Type: Qtr; Country: USA; Finance Line Item: Residual Sage Data. Sage Publishing Ltd Sage Data [electronic resource]

Corporate Author: Bureau of Economic Analysis
Published: Thousand Oaks, CA : Sage Publications, Inc. 2025

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Summary

Value added is the gross output of an industry or a sector less its intermediate inputs; the contribution of an industry or sector to GDP. Value added by industry can also be measured as the sum of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. A Chained-dollar estimate is a measure used to approximate the chain-type index level and is calculated by taking the current-dollar level of a series in the base period and multiplying it by the change in the chain-type quantity index number for the series since the base period. Chained-dollar estimates correctly show growth rates for a series, but are not additive in periods other than the base period. The National Income and Product Accounts (NIPAs) are a set of economic accounts that provide detailed measures of the value and composition of national output and the incomes generated in the production of that output. Essentially, the NIPAs provide a detailed snapshot of the myriad transactions that make up the economy-buying and selling goods and services, hiring of labor, investing, renting property, paying taxes, and the like. The seven summary accounts of the NIPAs group transactors and transactions in the economy into three distinct sectors-persons, businesses, and government; a fourth sector for the rest of the world is added to cover transactions between the nation and foreigners. The seven summary accounts of the NIPAs show the contribution of each sector to the output of the economy, their income and outlays, and their saving and investment. In the NIPAs, national estimates cover the 50 states and Washington, DC. The Domestic Product and Income account presents statistics on real Gross Domestic Product (GDP), the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes.

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9781544332048 Sage Data CORE

Type of File/Data

Statistical data with bibliographic citation and abstract.

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