The BEA Wire | BEA's Official Blog

BEA is moving ahead on a project to develop a new set of statistics that measure how outdoor pursuits like fishing, camping, and hiking contribute to the economy.

The U.S. monthly international trade deficit increased in July 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.5 billion in June (revised) to $43.7 billion in July, as exports decreased more than imports.

The Bureau of Economic Analysis released estimates of gross domestic product for Guam for 2016, in addition to estimates of GDP by industry and compensation by industry for 2015.

Personal income increased 0.4% in July after showing no change in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June.

Real gross domestic product (GDP) increased 3.0 percent in the second quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.4 percentage point more than the “advance” estimate released in July.

The personal saving rate, technically described by BEA as “personal saving as a percentage of disposable personal income,” is the percentage households save of their after-tax income. For 2016, the rate was 4.9 percent.

The Bureau of Economic Analysis released a new set of statistics detailing how much the United States spends to treat different diseases and medical conditions.

Statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis.

The Bureau of Economic Analysis released estimates of gross domestic product for American Samoa for 2016 as well as estimates of GDP by industry and compensation by industry for 2015.  These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs

The U.S. monthly international trade deficit decreased in June 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.4 billion in May (revised) to $43.6 billion in June, as exports increased and imports decreased.

Gross domestic product is BEA’s flagship statistic, the one people are most likely to know. But we produce lots of other data in addition to the nation’s GDP. You can get a quick overview by exploring BEA’s four main types of economic accounts: regional, national, international and industry.

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