Recommended Citation: National Oceanic and Atmospheric Administration (NOAA). Economics: National Ocean Watch (ENOW) Data. Based on data from the Bureau of Labor Statistics and the Bureau of Economic Analysis. Charleston, SC: NOAA Office for Coastal Management.
The Bureau of Economic Analysis revises its gross domestic product (GDP) estimates each year for data in its time series. ENOW GDP values for all years of data are updated annually to reflect these revisions. In addition, the bureau benchmarks its entire GDP account every five years to better reflect the evolving nature of the U.S. economy. This benchmarking involves making changes to what is included in different industries, as well as classifying new and emerging industries. The current benchmark for the GDP industries is 2012.