Gross Domestic Product for the U.S. Virgin Islands Increases

After declining for four consecutive years, the Virgin Islands’ economy grew in 2015.  Real GDP — adjusted to remove price changes—increased 0.2 percent in 2015, after decreasing 1.0 percent in 2014.

Travel and Tourism Spending Accelerated in the Third Quarter

Real Tourism Spending. – &n

Gross Domestic Product by State: Second Quarter 2016

Real gross domestic product (GDP) increased in 41 states and the District of Columbia in the second quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis.

October 2016 Trade Gap is $42.6 Billion

The U.S. monthly international trade deficit increased in October 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $36.2 billion in September (revised) to $42.6 billion in October, as exports decreased and imports increased.

Economy of the Commonwealth of the Northern Mariana Islands Grows in 2015

The economy of the Commonwealth of the Northern Mariana Islands grew 3.5 percent in 2015, according to new data from the Bureau of Economic Analysis.

Personal Income Rises in October

Personal income increased 0.6 percent in October after increasing 0.4 percent in September. Wages and salaries, the largest component of personal income, increased 0.5 percent in October—the same increase as in September.

GDP Increases in Third Quarter

Real gross domestic product (GDP) increased 3.2 percent in the third quarter of 2016, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “advance” estimate released in October.

New Guidance Materials for Private Funds Now Available

The Bureau of Economic Analysis and the Treasury Department are preparing to implement a change in early 2017 that will simplify how certain cross-border investments by or into private funds are reported on BEA surveys of direct investment and the Treasury International Capital, or TIC, surveys o

Local Area Personal Income: 2015

Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion.