March 30, 2021

Arts and Cultural Production Satellite Account, U.S. and States 2019 and 2018

The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 3.7 percent in 2019 after increasing 2.3 percent in 2018.  Arts and cultural economic activity accounted for 4.3 percent, or $919.7 billion, of current-dollar gross domestic product (GDP), in 2019.

Principal Federal Economic Indicators

Gross Domestic Product
Q4 2020 (3rd)
+4.3%
Personal Income
February 2021
-7.1%
International Trade in Goods and Services
January 2021
-$68.2
International Transactions
Q4 2020
-$188.5B

Noteworthy

The BEA Wire | BEA's Official Blog

Arts and Cultural Production Satellite Account, U.S. and States

March 30, 2021

The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis shows that arts and cultural economic activity, adjusted for inflation, increased 3.7 percent in 2019 after increasing 2.3 percent in 2018. Arts and cultural economic activity accounted for 4.3 percent, or $919.7 billion, of current-dollar gross domestic product, in 2019.

Gross Domestic Product by State, 4th Quarter 2020

March 26, 2021

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4.3 percent. The percent change in real GDP in the fourth quarter ranged from 9.9 percent in South Dakota to 1.2 percent in the District of Columbia.

Personal Income and Outlays, February 2021

March 26, 2021

Personal income decreased $1,516.6 billion, or 7.1 percent at a monthly rate, while consumer spending decreased $149.0 billion, or 1.0 percent, in February. Economic impact payments associated with the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act of 2021 (which was enacted on December 27, 2020) declined sharply in February and unemployment benefits continued, but at a lower level.

Gross Domestic Product (Third Estimate), Corporate Profits, and GDP by Industry, Fourth Quarter and Year 2020

March 25, 2021

Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.2 percentage point higher than the “second” estimate released in February. In the…

Personal Income by State, 2020

March 24, 2021

State personal income increased 6.1 percent in 2020 after increasing 3.9 percent in 2019. In 2020, the increase in transfer receipts was the leading contributor to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 8.4 percent in Arizona and Montana to 2.4 percent in Wyoming.

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