The BEA Wire | BEA's Official Blog
Northern Mariana Islands' Economy Grew in 2010
The economy of the Commonwealth of the Northern Mariana Islands (CNMI) grew 2.3 percent in 2010, according to new estimates from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial government spending, consumer spending, and exports of goods and services.
For the first time, BEA also calculated estimates of GDP by industry, compensation by industry, and…
BEA Wins Award for Interactive Data Tables
The Bureau of Economic Analysis (BEA) is being recognized for an innovation that makes our data easier for people to access.
The Center for Digital Government is presenting BEA with its 2012 Driving Digital Government Award at an event today in San Francisco. BEA was honored for its interactive data tables, which are available on BEA’s public Web site.
July 2012 Trade Gap is $42.0 Billion
The U.S. monthly international trade deficit increased in July 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.9 billion (revised) in June to $42.0 billion in July, as exports decreased more than imports. The previously published June deficit was $42.9 billion. The goods deficit decreased $0.2 billion from June to $57.3 billion in July, and the services surplus decreased $0.3…
American Samoa GDP Grew in 2010
The economy of American Samoa grew 1.3 percent in 2010, according to new estimates from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial government spending and private fixed investment, including construction.
For the first time, BEA also calculated estimates of GDP by industry, compensation by industry, and detailed consumer spending for the island…
Trade in Digitally Enabled Services Shows Strong Growth
U.S. trade in services enabled by digital technologies grew at a faster pace than trade in all other services in recent years, a new analysis by the Bureau of Economic Analysis (BEA) shows. Information and communications technologies (ICT) play an important role in cross-border trade in services, and improvements in these digital technologies and reductions in their costs have played an important role in contributing to growth in trade in…
Learn More About the Ocean and Great Lakes Economy on BEA's New Web Portal
How many jobs are created from the construction of a new bridge or an increase in tourism?
The Bureau of Economic Analysis’ (BEA) new Web portal on the ocean and Great Lakes economy shows how the Bureau’s Regional Input-Output Modeling System (RIMS II) can be used to provide answers to such questions. The new Web site stems from a joint project with the Commerce Department’s National Oceanic and Atmospheric Administration.
Real Consumer Spending Picks Up in July
Personal income increased 0.3 percent in July, the same increase as in June. Wages and salaries, the largest component of personal income, increased 0.2 percent in July after increasing 0.4 percent in June.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in July, the same increase as in June.
Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in July after…
GDP Growth Slows in Second Quarter
Real gross domestic product (GDP) increased 1.7 percent in the second quarter of 2012 after increasing 2.0 percent in the first quarter, according to estimates released today by the Bureau of Economic Analysis. The second-quarter growth rate was revised up 0.2 percentage point from the advance estimate released in July.
Real GDP second-quarter highlights
Strict Measures Taken to Ensure That Our Economic Measures Remain Secure
U.S. gross domestic product (GDP) is considered one of the United States’ most vital economic statistics. Each release of GDP by the U.S. Bureau of Economic Analysis (BEA) can have a significant impact on decisions made by government officials, businesses, investors, and American households. A number that important must have the full faith and confidence of the public behind it. No one wants to chart his or her economic future on…
Personal Income: More Than Your Paycheck
When someone asks you what your income is, what do you tell them? Probably most of you would respond with the salary you earn from your job, right? Well, your income includes more than just that paycheck you receive every other week.
New Census Mobile App to Feature BEA Data
Want to keep tabs on the latest gross domestic product data while waiting for lunch? A new mobile app from the Census Bureau puts live access to key economic indicators at your fingertips. It’s the perfect tool for geeking out on the go.
June Trade Gap is $42.9 Billion
The U.S. monthly international trade deficit decreased in June 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.0 billion (revised) in May to $42.9 billion in June, as exports increased and imports decreased. The previously published May deficit was $48.7 billion. The goods deficit decreased $5.4 billion from May to $57.5 billion in June, and the services surplus decreased $0.3…