The BEA Wire | BEA's Official Blog
A Detailed Look at Services Supplied to and Received From Foreigners
Looking for the most-up-to-date detailed information on services supplied to and received from foreigners? A recent article in the October Survey of Current Business highlights the latest annual international services statistics now available at BEA.
The statistics cover services provided in two ways:
Local Area Personal Income: 2017
Personal income increased in 2,787 counties, decreased in 318, and was unchanged in 8 in 2017. Personal income increased 4.5 percent in the metropolitan portion of the United States and increased 3.2 percent in the nonmetropolitan portion in 2017. The change in personal income ranged from -41.4 percent in Slope County, North Dakota to 23.7 percent in Crosby County, Texas in 2017 (BEA interactive data).
Gross Domestic Product (GDP) by State: Second Quarter 2018
Real gross domestic product increased in all 50 states and the District of Columbia in the second quarter of 2018. The percent change in real GDP in the second quarter ranged from 6.0 percent in Texas to 2.5 percent in Delaware. Information services; real estate and rental and leasing; professional, scientific, and technical services; and durable goods manufacturing were the leading contributors to the increase in real GDP nationally. Texas…
Guam GDP Increases in 2017
The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—increased 0.2 percent in 2017 after increasing 0.3 percent in 2016. For comparison, real GDP for the United States increased 2.2 percent in 2017 after increasing 1.6 percent in 2016.
Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2016
Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.1 million workers (preliminary) in the United States in 2016, a 3.9 percent increase from 6.8 million (revised) in 2015, according to the Bureau of Economic Analysis.
Changes to BEA's Regional Data Tables Improve Consistency
The Bureau of Economic Analysis made changes today to some of our tables showing data about states, counties, metro areas, and other local areas. The changes make the presentation of data more consistent across BEA’s regional tables.
These changes in the way gross domestic product and personal income figures are displayed affect only the presentation, not the actual data. But users of BEA’s developer tools, interactive database, and…
September 2018 Trade Gap is $54.0 Billion
The U.S. monthly international trade deficit increased in September 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.3 billion in August (revised) to $54.0 billion in September, as imports increased more than exports. The previously published August deficit was $53.2 billion. The goods deficit increased $0.6 billion in September to $77.2 billion. The services surplus decreased $…
Gross Domestic Product by Industry: Second Quarter 2018
Information; real estate and rental and leasing; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2018. Overall, 16 of 22 industry groups contributed to the 4.2 percent increase in real GDP in the second quarter.
GDP Statistics for U.S. Counties Coming Dec. 12
For the first time, the Bureau of Economic Analysis is measuring the gross domestic product of the more than 3,000 counties in the United States. Prototype GDP statistics for each county will be published on our website Dec. 12.
Durable Goods Spending Rises in September
Personal income increased 0.2 percent in September after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, increased 0.2 percent in September after increasing 0.5 percent in August.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2018, real GDP increased 4.2 percent.
GDP highlights
Northern Mariana Islands’ GDP Increases in 2017
The estimates of GDP for the Commonwealth of the Northern Mariana Islands show that real GDP—GDP adjusted to remove price changes—increased 25.1 percent in 2017, after increasing 28.2 percent in 2016. For comparison, real GDP for the United States (excluding the territories) increased 2.2 percent in 2017 after increasing 1.6 percent in 2016.