September 20, 2019

Outdoor Recreation Satellite Account, U.S. and Prototype for States, 2017

The U.S. outdoor recreation economy accounted for 2.2 percent ($427.2 billion) of current-dollar gross domestic product (GDP) in 2017. The Outdoor Recreation Satellite Account (ORSA) also shows that inflation-adjusted (real) GDP for the outdoor recreation economy grew by 3.9 percent in 2017, faster than the 2.4 percent growth of the overall U.S. economy. Real gross output, compensation, and employment all grew faster in outdoor recreation than for the economy as a whole.

Principal Federal Economic Indicators

Gross Domestic Product Q2 2019 +2.0%
Personal Income July 2019 +0.1%
International Trade in Goods & Services (Trade Balance) July 2019 -$54.0B
U.S. International Transactions (Current Account Balance) Q2 2019 -$128.2B

The BEA Wire | BEA's Official Blog

Prototype Stats Show Each State's Outdoor Recreation Economy

September 20, 2019

New prototype outdoor recreation statistics show state value added, compensation, and employment for all 50 states and the District of Columbia. These statistics show that the relative size of the outdoor recreation economy ranged from 5.4 percent of GDP for Hawaii to 1.2 percent for the District of Columbia in 2017.

U.S. Current Account Deficit Narrows in Second Quarter 2019

September 19, 2019

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019. The narrowing mainly reflected an expanded surplus on primary income. The second quarter deficit was 2.4 percent of current dollar gross domestic product, down from 2.6 percent in…

Coming Soon: State Outdoor Recreation Statistics

September 6, 2019

BEA will release prototype statistics on Sept. 20 showing the role that outdoor recreation – pursuits like bicycling, RVing, and fishing – plays in each state’s economy. This will mark the first time state data are included in BEA’s outdoor recreation statistics.   

An updated set of national outdoor recreation statistics will be released at the same time. Both the national and state data will cover 2012 through 2017.

BEA to Hold Sept. 10 Webinar on BE-140 Benchmark Survey of Insurance Services

September 5, 2019

BEA will conduct a webinar on Sept. 10 for those required to fill out the BE-140, a benchmark survey that collects information on insurance transactions between U.S. insurance companies and foreign persons.The one-hour webinar will start at 1 p.m. EDT and detail reporting requirements for the survey, which is due to the Bureau of Economic Analysis by Sept. 30.

July 2019 Trade Gap Is $54.0 Billion

September 4, 2019

The U.S. monthly international trade deficit decreased in July 2019, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.5 billion in June (revised) to $54.0 billion in July, as exports increased and imports decreased.

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