BEA Regional Data – A Guided Tour of Washington Mauricio Ortiz Pacific Northwest Regional Economic Conference Spokane, Washington May 16, 2013

2 What We Produce ▪ Statistics for state and local area economies  Personal Income  GDP by State  Employment

Personal Income 3 Table SA05N

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Employment 6 Table CA25N

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Detailed Tables – Current Transfer Receipts 8 Table CA35

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10 Table CA35

Detailed Tables – Farm Income & Expenses 11 Table CA45

Per Capita Tables 12 Table CA30

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Uses of Data ▪ Statistics provide the framework to assess an area’s economy  Place of work industry data provide indirect measure of industrial market  Place of residence income provides measure of consumer market  Per capital personal income is an indicator of economic well-being 14

Release Schedule ▪ State Personal Income and Employment  Quarterly and Preliminary Annual income by sector--3 months after end of quarter  Annual income and employment by subsector--9 months after end of year ▪ Local Area Personal Income and Employment  Annual only—11 months after end of year 15

Questions ▪ Contact Information:  Mauricio Ortiz  Regional Income Division  