The BEA Wire | BEA's Official Blog
First Official County GDP Stats Coming Dec. 12
The size of every county’s economy with industry detail will be officially released for the first time by the U.S. Bureau of Economic Analysis on Dec. 12.
BEA will estimate annual gross domestic product, or GDP, for the years 2001 through 2018 for more than 3,000 counties. The data will include contributions to GDP by 34 industries, such as manufacturing, retail trade, and health and social assistance.
Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2017
Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.4 million workers in the United States in 2017, a 2.8 percent increase from 7.2 million in 2016, according to the Bureau of Economic Analysis.
Local Area Personal Income: 2018
In 2018, personal income increased in 3,019 counties, decreased in 91, and was unchanged in 3, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Personal income increased 5.7 percent in the metropolitan portion of the United States and increased 4.8 percent in the nonmetropolitan portion. In metropolitan counties, the percent change in personal income ranged from −3.2 percent in Lynn County, Texas to 17.5…
Gross Domestic Product (GDP) by State: Second Quarter 2019
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2019. The percent change in real GDP in the second quarter ranged from 4.7 percent in Texas to 0.5 percent in Hawaii.
Northern Mariana Islands GDP Decreases in 2018
The estimates of gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands (CNMI) show that real GDP—GDP adjusted to remove price changes—decreased 19.6 percent in 2018 after increasing 25.5 percent in 2017. For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017.
September 2019 Trade Gap is $52.5 Billion
The U.S. monthly international trade deficit decreased in September 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.0 billion in August (revised) to $52.5 billion in September, as imports decreased more than exports. The previously published August deficit was $54.9 billion. The goods deficit decreased $2.7 billion in September to $71.7 billion. The services surplus decreased $…
Real Disposable Personal Income Rises in September
Personal income increased 0.3 percent in September after increasing 0.5 percent in August. Wages and salaries, the largest component of personal income, showed no change in September after increasing 0.6 percent in August.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent.
Gross Domestic Product by Industry: Second Quarter 2019
Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the second quarter.
Prototype Economic Statistics for Puerto Rico Now Available
Today, the Bureau of Economic Analysis released prototype statistics for personal consumption expenditures, private fixed investment, and net exports of goods for Puerto Rico. These annual statistics cover the time period from 2012 to 2017.
The estimates released today are a major step toward the goal of producing gross domestic product (GDP) statistics for Puerto Rico that are consistent with international guidelines and that are…
Guam GDP Decreases 0.3 Percent in 2018
The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—decreased 0.3 percent in 2018 after increasing 0.2 percent in 2017. For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017.
August 2019 Trade Gap is $54.9 Billion
The U.S. monthly international trade deficit increased in August 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.0 billion in July (revised) to $54.9 billion in August, as imports increased more than exports. The previously published July deficit was $54.0 billion. The goods deficit increased $0.8 billion in August to $74.4 billion. The services surplus decreased less than $0.1…