Improving the Economic Measurement Toolkit: Partnerships Between Businesses and Federal Statistical Agencies

Businesses and federal statistical agencies have a long history of working together to produce something that is vitally important to both groups: the nation’s economic measurement toolkit.

American Samoa's Economy Grows in 2011, Shrinks in 2012

The estimates of gross domestic product (GDP) for American Samoa show that real GDP, adjusted to remove price changes, increased 0.5 percent in 2011 and decreased 2.4 percent in 2012.

July 2013 Trade Gap is $39.1 Billion

The U.S. monthly international trade deficit increased in July 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $34.5 billion in June (revised) to $39.1 billion in July as exports decreased and imports increased.

Personal Income Slows in July

Personal income increased 0.1 percent in July after increasing 0.3 percent in June. Wages and salaries, the largest component of personal income, decreased 0.3 percent in July after increasing 0.4 percent in June.

GDP Growth Picks Up in Second Quarter

Real gross domestic product (GDP) increased 2.5 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “second” estimate released by the Bureau of Economic Analysis (BEA).

Economic Activity in Virgin Islands Decreases in 2012 and 2011

The estimates of gross domestic product (GDP) for the U.S. Virgin Islands show that real GDP—adjusted to remove price changes—decreased 13.2 percent in 2012 after decreasing 6.6 percent in 2011.

June 2013 Trade Gap is $34.2 Billion

The U.S. monthly international trade deficit decreased in June 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.1 billion in May (revised) to $34.2 billion in June as exports increased and imports decreased.

Personal Income Increases in June

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

New Detail Available on Direct Investment for 2009–2012

Interested in learning about foreign direct investment in the U.S. advertising industry?  Or in U.S. direct investment in Vietnam?  The U.S.

GDP Growth Accelerates in Second Quarter

Real gross domestic product (GDP) increased 1.7 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “advance” estimate released today by the Bureau of Economic Analysis (BEA).

Changes to How the U.S. Economy is Measured Roll Out July 31

A pharmaceutical company develops a new cancer drug.

Comprehensive Revisions to NIPA: Reconsidering Treatment of R&D and Entertainment

The Bureau of Economic Analysis (BEA) will release its comprehensive revision of the National Income and Product Accounts (NIPAs) next week.