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Including Illegal Activity in the U.S. National Economic Accounts

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  • Rachel Soloveichik

    (Bureau of Economic Analysis)

Abstract

The internationally agreed guidelines for national economic accounts, System of National Accounts 2008 (hereafter referred to as SNA 2008) (United Nations Statistics Division 2008), explicitly recommend that illegal market activity should be included in the measured economy. This recommendation has not yet been implemented by the U.S. Bureau of Economic Analysis (BEA) because of challenges inherent in identifying suitable source data and differences in conceptual traditions. This paper explores how tracking illegal activity in the U.S. national economic accounts might impact nominal Gross Domestic Product (GDP), real GDP,

Suggested Citation

  • Rachel Soloveichik, 2019. "Including Illegal Activity in the U.S. National Economic Accounts," BEA Working Papers 0167, Bureau of Economic Analysis.
    • Handle: RePEc:bea:wpaper:0167
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    File URL: https://www.bea.gov/system/files/papers/WP2019-4_6.pdf
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    Cited by:

    1. Rachel Soloveichik, 2021. "Including Illegal Market Activity in the U.S. National Economic Accounts," Survey of Current Business, Bureau of Economic Analysis, vol. 101(2), pages 1-4, February.
    2. Rachel Soloveichik, 2021. "Including Illegal Market Activity in the U.S. National Economic Accounts," Survey of Current Business, Bureau of Economic Analysis, February.

    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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