Real spending on travel and tourism turned down in the first quarter of 2014, decreasing at an annual rate of 1.0 percent after increasing 4.5 percent (revised) in the fourth quarter of 2013. Growth in real gross domestic product (GDP) also experienced a down turn, decreasing 2.9 percent (t
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Personal Income Rises in May
June 26, 2014
Personal income increased 0.4 percent in May after increasing 0.3 percent in April. Wages and salaries, the largest component of personal income, increased 0.4 percent after increasing 0.3 percent.
GDP Decreases in First Quarter
June 25, 2014
Real gross domestic product (GDP) decreased 2.9 percent in the first quarter of 2014, according to the “third” estimate released today by the Bureau of Economic Analysis. In the fourth quarter of 2013, real GDP increased 2.6 percent.
First-quarter highlights
Direct Investment Positions for 2013 Now Available
June 25, 2014
Both outbound and inbound U.S. foreign direct investment continued to grow in 2013. The U.S.
State Personal Income: First Quarter 2014
June 24, 2014
State personal income increased 0.8 percent on average in the first quarter of 2014, an acceleration from the 0.5 percent growth in the fourth quarter of 2013. Personal income grew in 46 states and growth accelerated in 24 of those states.
BEA Listens to Customers' Ideas on How to Unleash Data
June 20, 2014
As one of the federal government’s premier producers of economic statistics, the Bureau of Economic Analysis is all about data all of the time.
A Big Day for Big Data: The Beginning of Our Data Transformation
June 19, 2014
Wednesday, June 18, 2014, was a big day for big data. The Commerce Department participated in the inaugural Open Data Roundtable at the White House, with GovLab at NYU and the White House Office of Science and Technology Policy.
International Statistical Update: Health- and Education-Related Travel Now Part of Travel Services
June 16, 2014
You may have noticed some data on international travel services look a little bit different.
Attention Developers: More Economic Statistics Added to BEA's API
June 11, 2014
Developers, do you want to bring more detailed economic data to your next app? The Bureau of Economic Analysis (BEA) recently added several data sets to the application programming interface (API) we launched last year.
Advance GDP by State Statistics: Widespread But Slower Growth in 2013
June 11, 2014
Real GDP increased in 49 states in 2013. Leading industry contributors were nondurable-goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing, and hunting.
Nondurable-goods manufacturing was the largest contributor to U.S.
April 2014 Trade Gap is $47.2 Billion
June 4, 2014
With this release, statistics on trade in goods and services for January 1999 to March 2014 are revised to reflect newly available and revised source data, changes in estimation methods, and changes in definitions and classifications.