Real gross domestic product (GDP) increased 2.0 percent in the third quarter of 2012 after increasing 1.3 percent in the second quarter, according to estimates released today by the Bureau of Economic Analysis.
The BEA Wire | BEA's Official Blog
What is the U.S. Financial Account?
October 23, 2012
The U.S. financial account is a key component of the Bureau of Economic Analysis’ international transactions accounts (ITAs). The financial account presents the cross-border flows of funds generated by international financial activity.
U.S. Virgin Islands' Economy Grew 2.9 Percent in 2010
October 15, 2012
The economy of the U.S. Virgin Islands returned to growth in 2010, expanding 2.9 percent, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in the trade surplus, government spending, and construction.
BEA Regional Data Used to Distribute Federal Funds to State, Local Governments
October 12, 2012
Did you know that Bureau of Economic Analysis (BEA) regional economic statistics, such as the annual state personal income statistics released September 25, 2012, are used to allocate billions of dollars in federal funds to state and local governments?
August 2012 Trade Gap is $44.2 Billion
October 11, 2012
The U.S. monthly international trade deficit increased in August 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion (revised) in July to $44.2 billion in August, as exports decreased more than imports.
BEA Updates Tool Used by Investors, Planners; Here's How RIMS II Works
October 3, 2012
The Bureau of Economic Analysis (BEA) updated its Regional Input-Output Modeling System (RIMS II), a tool used by investors, regional planners, and government officials to gauge the impact of a change in economic activity on a local community or a particular region of the country.
Real Consumer Spending Slows in August
September 28, 2012
Personal income increased 0.1 percent in August, the same increase as in July.
GDP Growth Slows in Second Quarter
September 27, 2012
Real gross domestic product (GDP) rose 1.3 percent in the second quarter of 2012 after rising 2.0 percent in the first quarter, according to the third estimate released today by the Bureau of Economic Analysis.
State Personal Income: Second Quarter 2012
September 25, 2012
State personal income growth slowed to 1.0 percent in the second quarter of 2012 from 1.7 percent in the first quarter. Growth slowed in 39 states plus the District of Columbia, accelerated in 10, and was unchanged in Nevada.
Guam's Economy Grew 1.2 Percent in 2010
September 24, 2012
The economy of Guam grew 1.2 percent in 2010, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial and federal government spending, along with a shrinking territorial trade deficit.
Travel and Tourism Spending Increases
September 19, 2012
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S.
U.S. Current-Account Deficit Decreases in Second Quarter 2012
September 18, 2012
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S.