The BEA Wire | BEA's Official Blog
GDP Increases in Second Quarter
Real gross domestic product (GDP) increased 2.0 percent in the second quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point lower than the “advance” estimate released in July. In the first quarter, real GDP rose 3.1 percent.
American Samoa GDP Increases in 2018
The Bureau of Economic Analysis released estimates of gross domestic product (GDP) for American Samoa for 2018, in addition to estimates of GDP by industry and compensation by industry for 2017. These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.
Activities of U.S. Multinational Enterprises, 2017
Worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.5 million workers in 2017 from 42.3 million in 2016.
Highlights of the statistics on employment by U.S. parents in 2017:
June 2019 Trade Gap is $55.2 Billion
The U.S. monthly international trade deficit decreased in June 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.3 billion in May (revised) to $55.2 billion in June,as imports decreased more than exports. The previously published May deficit was $55.5 billion. The goods deficit decreased $0.8 billion in June to $75.1 billion. The services surplus decreased $0.6 billion in June to…
Real Disposable Income Rises in June
Personal income increased 0.4 percent in June, the same increase as in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.2 percent in May.
GDP Increases in Second Quarter
Real gross domestic product increased 2.1 percent in the second quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.
Gross Domestic Product by State, First Quarter 2019
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2019. The percent change in real GDP in the first quarter ranged from 5.2 percent in West Virginia to 1.2 percent in Hawaii.
Direct Investment by Country and Industry, 2018
The U.S. direct investment abroad position, or cumulative level of investment, decreased $62.3 billion to $5.95 trillion at the end of 2018 from $6.01 trillion at the end of 2017. The decrease was due to the repatriation of accumulated prior earnings by U.S. multinationals from their foreign affiliates, largely in response to the 2017 Tax Cuts and Jobs Act. The decrease reflected a $75.8 billion decrease in the position in Latin America and…
Gross Domestic Product by Industry: First Quarter 2019
Finance and insurance; retail trade; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the first quarter of 2019. Overall, 16 of 22 industry groups contributed to the 3.1 percent increase in real GDP in the first quarter.
Five Years of GDP Data Will Be Updated July 26
The U.S. Bureau of Economic Analysis is expanding our annual updates that bring the economic picture of previous years into sharper focus. Starting with the July 26 update, we’ll begin revisiting at least five years of national statistics, instead of three, each summer.
In these summer updates, we use newly available data to refine earlier estimates of the nation’s gross domestic product and related statistics. GDP is closely watched…
May 2019 Trade Gap is $55.5 Billion
The U.S. monthly international trade deficit increased in May 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $51.2 billion in April (revised) to $55.5 billion in May, as imports increased more than exports. The previously published April deficit was $50.8 billion. The goods deficit increased $4.4 billion in May to $76.1 billion. The services surplus increased $0.1 billion in May…
New Foreign Direct Investment in the United States, 2018
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion in 2018, up 8.7 percent from $272.8 billion in 2017.