Guest blog: Announcing the Open-Source beaR Library

This is a guest blog by Justin Antonipillai – Counselor to Secretary Penny Pritzker, with the Delegated Duties of the Under Secretary for Economic Affairs

State Personal Income, Second Quarter 2016

State personal income growth accelerated to 1.0 percent on average in the second quarter of 2016 from 0.3 percent in the first quarter. Personal income grew in every state in the second-quarter with growth rates ranging from 0.4 percent in Alaska to 1.4 percent in Utah.

U.S. Net International Investment Position Second Quarter 2016

The U.S. net international investment position decreased to −$8,042.8 billion (preliminary) at the end of the second quarter of 2016 from −$7,582.0 billion (revised) at the end of the first quarter.

Guam's Economy Grows in 2015

The Bureau of Economic Analysis released estimates of gross domestic product for Guam for 2015, in addition to estimates of GDP by industry and compensation by industry for 2014.

These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.

Revised estimates of Guam’s GDP for 2013 and 2014, as well as revised estimates of GDP by industry…

U.S. Current-Account Deficit Decreases in Second Quarter 2016

The U.S. current-account deficit decreased to $119.9 billion (preliminary) in the second quarter of 2016 from $131.8 billion (revised) in the first quarter of 2016. As a percentage of current-dollar U.S. GDP, the deficit decreased to 2.6 percent from 2.9 percent. The previously published current-account deficit for the first quarter was $124.7 billion.

Travel and Tourism Spending Accelerated in the Second Quarter

Real Tourism Spending. Real spending on travel and tourism accelerated in the second quarter of 2016, increasing at an annual rate of 4.7 percent after increasing 1.2 percent (revised) in the first quarter, according to new statistics released by the Bureau of Economic Analysis.

Security Measures Keep Data Locked Tight Until the Time Is Right

U.S. gross domestic product is among the world’s most closely watched numbers, an economic indicator that moves markets, makes headlines and affects countless government and private decisions.

July 2016 Trade Gap is $39.5 Billion

The U.S. monthly international trade deficit decreased in July 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.7 billion in June (revised) to $39.5 billion in July, as exports increased and imports decreased. The previously published June deficit was $44.5 billion. The goods deficit decreased $5.3 billion in July to $60.3 billion. The services surplus decreased $0.1 billion in…

Spending on Durable Goods Rises in July

Personal income increased 0.4 percent in July after increasing 0.3 percent in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June.

Gross Domestic Product Second Quarter of 2016 (Second Estimate)

Real gross domestic product (GDP) increased 1.1 percent in the second quarter of 2016, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point less than the “advance” estimate released in July. In the first quarter, real GDP rose 0.8 percent.

Statistics on U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2014; Data for 2013 Updated

New statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis. The statistics, which include the first information for 2014 and updated data for 2013, offer details on the finances and operations of U.S.