November 22, 2022

New and Revised Statistics of the U.S. Digital Economy, 2005–2021

The digital economy accounted for 10.3 percent of U.S. gross domestic product, or $2.41 trillion in current-dollar value added, in 2021, according to new statistics from BEA. The inflation-adjusted average annual growth rate from 2016 to 2021 was 6.7 percent. The updated Digital Economy Satellite Account includes detailed data tables and research on methodology for measuring the digital economy.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2022 (Adv)
+2.6%
Personal Income
September 2022
+0.4%
International Trade in Goods and Services
September 2022
-$73.3 B
International Transactions
Q2 2022
-$251.1B

Noteworthy

The BEA Wire | BEA's Official Blog

Activities of U.S. Multinational Enterprises, 2020

November 18, 2022

Worldwide employment by U.S. multinational enterprises (MNEs) decreased 1.8 percent to 42.4 million workers in 2020 from 43.2 million workers in 2019.

Personal Income by County and Metropolitan Area, 2021

November 16, 2022

In 2021, personal income increased in 3,075 counties, decreased in 36, and was unchanged in 3. Personal income increased 7.4 percent in the metropolitan portion of the United States and 7.7 percent in the nonmetropolitan portion.

Outdoor Recreation Satellite Account, U.S. and States, 2021

November 9, 2022

The outdoor recreation economy accounted for 1.9 percent ($454.0 billion) of current-dollar gross domestic product (GDP) for the nation in 2021. At the state level, outdoor recreation value added as a share of GDP ranged from 4.8 percent in Hawaii to 1.3 percent in New York and Connecticut. The share was 0.9 percent in the District of Columbia.

September 2022 Trade Gap is $73.3 Billion

November 3, 2022

The U.S. monthly international trade deficit increased in September 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $65.7 billion in August (revised) to $73.3 billion in September, as imports increased and exports decreased. The goods deficit increased $6.6 billion in September to $92.7 billion. The services surplus decreased $1.0 billion in September to $19.5 billion.

Gross Domestic Product for Guam, 2021

November 2, 2022

Real gross domestic product for Guam increased 1.1 percent in 2021 after decreasing 11.4 percent in 2020, according to statistics released today by the U.S. Bureau of Economic Analysis. These statistics were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.

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