The BEA Wire | BEA's Official Blog
GDP Increases in First Quarter
Real gross domestic product (GDP) increased 1.2 percent in the first quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.5 percentage points higher than the “advance” estimate released in April. In the fourth quarter of 2016, real GDP rose 2.1 percent.
Picking the Right Health Care Price Index
Researchers studying the hot topic of rising health care costs face a complicated choice: which price index to use.
There’s an array of government inflation indexes that differ in scope, formula and data sources. Choosing the right one can be critical to your research findings.
In-depth Data on Foreign Investment Get an Update
The Bureau of Economic Analysis has updated its most detailed data on foreign-owned businesses in the United States, providing an extraordinary level of detail for researchers and others interested in the effects of foreign direct investment in U.S. states and specific industries.
Finance and Insurance Led Growth Across States in the Fourth Quarter
Real gross domestic product (GDP) increased in every state and the District of Columbia in the fourth quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth ranged from 3.4 percent in Texas to 0.1 percent in Kansas and Mississippi. Finance and insurance; retail trade; and professional, scientific, and technical services were the leading…
March 2017 Trade Gap is $43.7 Billion
The U.S. monthly international trade deficit decreased in March 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.8 billion in February (revised) to $43.7 billion in March, as imports decreased more than exports. The previously published February deficit was $43.6 billion. The goods deficit increased $0.4 billion in March to $65.5 billion. The services surplus increased $0.4…
Real Consumer Spending Rises in March
Personal income increased 0.2 percent in March after increasing 0.3 percent in February. Wages and salaries, the largest component of personal income, increased 0.1 percent in March after increasing 0.5 percent in February.
GDP Increases in First Quarter
Real gross domestic product (GDP) increased 0.7 percent in the first quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2016, real GDP increased 2.1 percent.
New Data Project: Measuring the Economic Impact of Outdoor Recreation
We Want to Hear from You
Members of the public, private industry, state and local governments, non-profit organizations, and other interested parties are invited to provide feedback on the development of a new set of statistics that will provide information on economic activity associated with the outdoor recreation segment of the United States economy.
Finance and Insurance Led Growth in the Fourth Quarter
Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2016. Overall, 19 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.
New Data Showcase Economic Impact of Arts and Culture in U.S. and States
Sure, Broadway and Hollywood employ lots of creative people. But when it comes to artistic and cultural work, not all the action is on the coasts. New data show arts and culture account for a larger share of jobs in Wyoming, Utah and Colorado than they do nationally.
For the first time, the Bureau of Economic Analysis has produced statistics spotlighting the economic impact of arts and cultural activities in each state and the…
Report on the State-by-state Economic Impact of Arts and Culture Coming April 19
A new report on the state-by-state economic impact of arts and cultural production will be released Wednesday, April 19, at 10 a.m. Eastern time by the Bureau of Economic Analysis.
The report will provide – for the first time ever – state-level information on employment and employee compensation in the arts and culture sector, covering the years 2001-2014.
February 2017 Trade Gap is $43.6 Billion
The U.S. monthly international trade deficit decreased in February 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.2 billion in January (revised) to $43.6 billion in February, as exports increased and imports decreased. The previously published January deficit was $48.5 billion. The goods deficit decreased $4.6 billion in February to $65.0 billion. The services surplus…