October 08, 2021

Personal Consumption Expenditures by State, 2020

State personal consumption expenditures (PCE) decreased 2.6 percent in 2020 after increasing 3.7 percent in 2019. The percent change in PCE across all 50 states and the District of Columbia ranged from 1.2 percent in Idaho and Utah to –5.8 percent in the District of Columbia.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2021 (3rd)
+6.7%
Personal Income
August 2021
0.2%
International Trade in Goods and Services
August 2021
-$73.3B
International Transactions
Q2 2021
-$190.3B

Noteworthy

The BEA Wire | BEA's Official Blog

Personal Consumption Expenditures by State, 2020

October 8, 2021

State personal consumption expenditures (PCE) decreased 2.6 percent in 2020 after increasing 3.7 percent in 2019. The percent change in PCE across all 50 states and the District of Columbia ranged from 1.2 percent in Idaho and Utah to –5.8 percent in the District of Columbia. The PCE by state estimates were impacted by the response to the spread of COVID-19, as governments issued and lifted "stay-at-home" orders. This led to rapid changes in…

August 2021 Trade Gap is $73.3 Billion

October 5, 2021

The U.S. monthly international trade deficit increased in August 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.3 billion in July (revised) to $73.3 billion in August, as imports increased more than exports. The previously published July deficit was $70.1 billion. The goods deficit increased $1.6 billion in August to $89.4 billion. The services surplus decreased $1.4 billion…

Gross Domestic Product by State, 2nd Quarter 2021

October 1, 2021

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2021, as real GDP for the nation increased at an annual rate of 6.7 percent. The percent change in real GDP in the second quarter ranged from 9.7 percent in Nevada to 1.8 percent in Alaska.

Personal Income and Outlays, August 2021

October 1, 2021

Personal income increased $35.5 billion, or 0.2 percent at a monthly rate, while consumer spending increased $130.5 billion, or 0.8 percent, in August. The increase in personal income primarily reflected increases in compensation as well as government social benefits, which reflect advance Child Tax Credit payments authorized by the American Rescue Plan. In addition to presenting estimates for August 2021, these highlights provide comparisons…

Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Second Quarter 2021

September 30, 2021

Real gross domestic product (GDP) increased at an annual rate of 6.7 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was revised up 0.1 percentage point from the “second” estimate released in August. In the second quarter, government assistance payments in the form of loans to businesses and grants…

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