December 08, 2022

Gross Domestic Product by County, 2021

Real gross domestic product (GDP) increased in 2,404 counties, decreased in 691 counties, and was unchanged in 17 counties in 2021. The percent change in real GDP ranged from 81.8 percent in Coke County, TX, to –34.8 percent in Chouteau County, MT.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2022 (2nd)
+2.9%
Personal Income
October 2022
+0.7%
International Trade in Goods and Services
October 2022
-$78.2 B
International Transactions
Q2 2022
-$251.1B

Noteworthy

The BEA Wire | BEA's Official Blog

Gross Domestic Product by County, 2021

December 8, 2022

Real gross domestic product (GDP) increased in 2,404 counties, decreased in 691 counties, and was unchanged in 17 counties in 2021. The percent change in real GDP ranged from 81.8 percent in Coke County, TX, to –34.8 percent in Chouteau County, MT.

October 2022 Trade Gap is $78.2 Billion

December 6, 2022

The U.S. monthly international trade deficit increased in October 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $74.1 billion in September (revised) to $78.2 billion in October, as imports increased and exports decreased. The goods deficit increased $6.1 billion in October to $99.6 billion. The services surplus increased $2.1 billion in October to $21.4 billion.

Vipin Arora Named New BEA Director

December 5, 2022

Vipin Arora was named the new Director of the Bureau of Economic Analysis, bringing decades of economic experience to the post. His new status is effective immediately.

Before joining BEA, Dr. Arora was acting Deputy Assistant Director of the Social, Behavioral and Economic Sciences Directorate at the National Science Foundation (NSF). He also served as Deputy Director of the NSF’s National Center for Science and Engineering…

Personal Income and Outlays, October 2022

December 1, 2022

Personal income increased $155.3 billion, or 0.7 percent at a monthly rate, while consumer spending increased $147.9 billion, or 0.8 percent, in October. The increase in personal income primarily reflected increases in compensation and personal current transfer receipts. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.3 percent in October, compared with 2.4 percent in September.

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2022

November 30, 2022

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.

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