Bureau of Economic Analysis

Real gross domestic product (GDP) increased 2.5 percent in the fourth quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

Real gross domestic product (GDP) increased at an annual rate of 2.5 percent in the fourth quarter of 2017 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

The Bureau of Economic Analysis is lifting the curtain on the role arts and culture play in each state's economy.

On March 6, BEA will premiere statistics showing for the first time how much arts and culture contribute to the gross domestic product, or GDP, of all 50 states and the District of Columbia. The arts and cultural economy includes music, theater, design, museums, historic sites, natural parks and more, as well as supporting…

Americans who hit the trails to ski, bike or hike aren’t just working up a sweat; they’re also generating economic activity. Outdoor recreation accounted for 2.0 percent of the U.S. economy, or $373.7 billion, in 2016, according to prototype statistics for the Bureau of Economic Analysis’ newest special account.

Prototype statistics from the Outdoor Recreation Satellite Account (ORSA) released by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) show that the outdoor recreation economy accounted for 2.0 percent ($373.7 billion) of current-dollar GDP in 2016 (table 1). In addition, the outdoor recreation economy grew 3.8 percent in 2016, compared to growth of 2.8 percent in the overall economy.

BEA’s first look at the outdoor recreation economy is coming Feb. 14, but you can get a sneak peek right now at what the statistics will cover.

We’ve posted the blank data tables on the Outdoor Recreation Satellite Account page of bea.gov. Glance over the tables to see how BEA will present its prototype statistics on activities like camping, hunting and boating, as well as related production by industries, such as retail trade,…

The U.S. international trade deficit increased in 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $504.8 billion in 2016 to $566.0 billion in 2017, as imports increased more than exports. As a percentage of U.S. gross domestic product, the goods and services deficit was 2.9 percent in 2017, up from 2.7 percent in 2016. The goods deficit increased from $752.5 billion in 2016 to $810…

The U.S. monthly international trade deficit increased in December 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $50.4 billion in November (revised) to $53.1 billion in December, as imports increased more than exports.

The U.S. Bureau of Economic Analysis on Feb. 14 will release for the first time prototype statistics measuring the economic effects of outdoor recreation – pursuits like boating, RVing  and snowboarding.

These prototype statistics covering 2012-2016 will be available in a news release and data tables posted on BEA’s website at 8:30 a.m. Eastern time.

Personal income increased 0.4 percent in December after increasing 0.3 percent in November. Wages and salaries, the largest component of personal income, increased 0.5 percent in December after increasing 0.4 percent in November.