September 25, 2018

State Quarterly Personal Income, 2nd quarter 2018

State personal income increased 4.2 percent, at an annual rate, in the second quarter of 2018, a deceleration from the 5.0 percent increase in the first quarter. The percent change in personal income across all states ranged from 6.0 percent in Texas to 1.6 percent in Washington.

Principal Federal Economic Indicators

Gross Domestic Product Q2 2018 +4.2%
Personal Income July 2018 +0.3%
International Trade in Goods & Services (Trade Balance) July 2018 $-50.1B
U.S. International Transactions (Current Account Balance) Q2 2018 -$101.5 B

The BEA Wire | BEA's Official Blog

State Personal Income: Second Quarter 2018

September 25, 2018

State personal income increased 4.2 percent, at an annual rate, in the second quarter of 2018, a deceleration from the 5.0 percent increase in the first quarter. The percent change in personal income across all states ranged from 6.0 percent in Texas to 1.6 percent in Washington.

Outdoor Recreation Grew Faster Than U.S. Economy in 2016

September 20, 2018

The outdoor recreation economy accounted for 2.2 percent of current-dollar GDP in 2016, or $412 billion, updated statistics from the Outdoor Recreation Satellite Account show. In data produced for the first time, using inflation-adjusted GDP, the outdoor recreation economy grew 1.7 percent in 2016, faster than the 1.6 percent growth for the overall U.S. economy.

Real gross output, compensation, and employment all grew faster in… Read More

U.S. Current-Account Deficit Decreases in Second Quarter 2018

September 19, 2018

The U.S. current-account deficit decreased to $101.5 billion (preliminary) in the second quarter of 2018 from $121.7 billion (revised) in the first quarter of 2018. As a percentage of U.S. GDP, the deficit decreased to 2.0 percent from 2.4 percent. The previously published current-account deficit for the first quarter was $124.1 billion.

Coming Soon: An Enhanced Set of Outdoor Recreation Statistics

September 12, 2018

BEA’s first-ever measurement of the economic power of outdoor recreation, released in February, found that the industry’s contribution to the U.S. economy in 2016 was bigger than other industries like legal services or publishing. Soon people will learn even more about the economic value of outdoor pursuits like canoeing, hunting, RVing, and snowboarding.

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