The University of Tennessee, Knoxville

TN SDC





ECONOMIC


Tennessee Key Indicators

Tennessee Key Indicators Latest Value Time Period Difference from Year Ago Percent Change from Year Ago Source:
  Total Gross Domestic Product (US$ Millions)
300,604
2014
10,479  
3.61%  
  Real Total GDP (Chained 2005 US$ Millions)
275,826
2014
4,576  
1.69%  
  Total Personal Income (US$ Millions)
278,957,896
2015 Q3
12,914,073  
4.85%  
  Per Capita Personal Income (US$)
42,215
2015 Q3
1,639  
4.04%  
  Labor Force (Tennessee, NSA)
3,071,945
Jan-16
27,226  
0.89%  
  Employees on Nonfarm Payrolls (Thousands)
2,954.30
Jan-16
96.0  
3.36%  
  Unemployment % (Tennessee)
5.4
Jan-16
-0.7  
-11.48%  
  Unemployment % (United States)
7.6
Jun-13
-0.6  
-7.32%  
  Coincident Econ. Activity Index (Jul 92 = 10)
175.96
Dec-15
6.32  
3.73% 

 



These one-page reports provide selected statistics about industries and local business communities to illustrate the range of information available from the Economic Census.

 


Economic Data Availability

Click on year to go to latest data.
U.S. STATES METRO AREAS COUNTIES CITIES ZIP CODES
Economic Census
Sales, employment, payroll for establishments.
2012 2012 2012 2012 2012 2012
Survey of Business Owners
Sales, employment, payroll for firms by sex and ethnicity of owner (incl. minorities, women)
2012 2012 2012 2012 2012  
Enterprise Statistics
Private enterprise counts of the number of firms, their establishments, sales and receipts, annual payroll, and employment
2011          

Statistics of U.S. Businesses
Employment and payroll for firms by employment size. Births, deaths, expansions, contractions for establishments.

2013 2013 2013 2013    

County Business Patterns/Zip Code Business Patterns
Employment and payroll for establishments; employment size.

2014 2014 2014 2014   2014
Nonemployer Statistics
Receipts for establishments with no paid employees
2014 2014 2014 2014    
Business Dynamics Statistics
Age of enterprise, births and deaths for firms by employment size
2013 2013        
Local Employment Dynamics:
Quarterly employment, job creation, earnings by age, sex & sector --Qtrly Workforce Indicators
  2016        
Commodity Flow Survey
Movement of shipments from selected industries
2012 2012 2012      
Annual Survey of Manufactures
Value of shipments, employment, payroll for manufacturers
2014 2014        
Building Permits
Number of housing units authorized by building permits by size.
2015 2015 2015 2015 2015  
Governments
Federal, state, and local governments and governmental activities.
2012 2012   2012 2012  
Foreign Trade: State Exports
Goods exported by state of origin
2014 2014        
Gross Domestic Product (GDP)
Market value of goods and services produced by labor and property in the United States, regardless of nationality
2015 2015 2014      
Personal Income
Sum of income from all sources (government and non-government)
2015 2015 2014 2014    

BEA Interactive Economic Data Tables

--Bureau of Economic Analysis (BEA) national economic accounts provide a comprehensive picture of the U.S. economy and feature many macroeconomic statistics, including:
  • Gross domestic product (GDP)
  • Gross domestic income (GDI)
  • National income
  • Corporate profits
  • Government receipts and expenditures
  • Personal income and disposable personal income
  • Personal consumption expenditures (PCE), or consumer spending
  • Personal saving
: The industry economic accounts show the industry dimension of economic activity in the United States.
  • GDP-by-industry accounts provides information on value added, gross output, and intermediate inputs by industry for the U.S. economy in both current and chained (real) dollars. This section also includes KLEMS (capital, labor, energy, materials, and purchased services) and employment data.
  • Input-output accounts provides a detailed view of the interrelationships between U.S. producers and users in an I-O framework that includes make, use, and direct and total requirements tables.

These accounts are used extensively by policymakers and businesses to understand industry interactions, productivity trends, and the changing structure of the U.S. economy.

: BEA's international transactions (balance of payments) accounts include all transactions between U.S. and foreign residents.
  • The current account includes exports and imports of goods, services, income, and net unilateral current transfers.
  • The capital account includes mainly capital transfers, such as U.S. government debt forgiveness.
  • The financial account includes transactions in financial assets, such as U.S. purchases and sales of foreign securities, foreign purchases and sales of U.S. securities, U.S. direct investment abroad, foreign direct investment in the United States, U.S. bank lending to foreigners, and U.S. bank borrowing from foreigners.
The BEA regional economic accounts provide a wealth of statistics that detail the geographic distribution of U.S. economic activity and growth and provide a consistent framework for analyzing and comparing individual state and local area economies. The accounts provide statistics about:
  • Gross Domestic Product (GDP) for states and metropolitan areas
  • Personal Income for states, counties, metropolitan areas, micropolitan areas, metropolitan divisions and combined statistical areas, and BEA economic areas.

Employment, compensation, wage and salary disbursements, personal current transfer receipts, personal current taxes, and per capita personal income statistics are also available.


FAQs

QUESTION ANSWER
How is PCPI used? Per capita personal income (PCPI) is total income divided by population. Total income is the sum of income from all sources (government and non-government). It consists of wages and salaries, other labor income, proprietors’ income, rental income of persons, personal dividend income, personal interest income, and transfer payments less personal contributions for social insurance. PCPI is often used as an indicator of the quality of consumer markets and of the economic well-being of the residents of an area.
What are transfer payments? Transfer payments are income for which no current service has been performed. It consists of payments to individuals and nonprofit institutions by federal, state, and local governments and by businesses. Examples include retirement and disability insurance benefits, medical benefits (mainly Medicare and Medicaid), income maintenance benefits, unemployment insurance compensation and other government payments.
How is GDP measured?

Gross Domestic Product (GDP) is the market value of goods and services produced by labor and property in the United States, regardless of nationality. GDP by State is a measurement of a state's output; it is the sum of value added from all industries in the state.GDP is measured in three ways: The final consumption of households, government plus investment plus net exports of goods and services, the sum of gross value added by those who produce goods and services plus taxes and subsides on product, the sum of wages salaries, compensation of employees, taxes less subsides plus gross operating surplus.


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Tennessee State Data Center
Boyd Center for Business and Economic Research
Haslam College of Business
716 Stokely Management Center
916 Volunteer Boulevard
Knoxville, Tennessee 37996-0570
Phone: 865-974-6070
Fax: 865-974-3100
Email: TN SDC

The University of Tennessee, Knoxville. Big Orange. Big Ideas.

Knoxville, Tennessee 37996 | 865-974-1000
The flagship campus of the University of Tennessee System