Bureau of Economic Analysis

Personal income increased 0.3 percent in August, the same increase as in July. Wages and salaries, the largest component of personal income, increased 0.5 percent in August after increasing 0.3 percent in July.

Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was unchanged from the “second” estimate released in August. In the first quarter, real GDP increased 2.2 percent.

GDP Highlights

Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.

The U.S. net international investment position decreased to −$8,638.5 billion (preliminary) at the end of the second quarter of 2018 from −$7,747.3 billion (revised) at the end of the first quarter. The $891.2 billion decrease reflected net financial transactions of −$126.0 billion and net other changes in position, such as price and exchange-rate changes, of −$765.1 billion.

The U.S. net international investment position decreased to -$8,638.5 billion (preliminary) at the end of the second quarter of 2018 from -$7,747.3 billion (revised) at the end of the first quarter, according to statistics released by the Bureau of Economic Analysis (BEA).

State personal income increased 4.2 percent, at an annual rate, in the second quarter of 2018, a deceleration from the 5.0 percent increase in the first quarter. The percent change in personal income across all states ranged from 6.0 percent in Texas to 1.6 percent in Washington.

State personal income increased 4.2 percent, at an annual rate, in the second quarter of 2018, a deceleration from the 5.0 percent increase in the first quarter. The percent change in personal income across all states ranged from 6.0 percent in Texas to 1.6 percent in Washington.

The outdoor recreation economy accounted for 2.2 percent of current-dollar GDP in 2016, or $412 billion, updated statistics from the Outdoor Recreation Satellite Account show. In data produced for the first time, using inflation-adjusted GDP, the outdoor recreation economy grew 1.7 percent in 2016, faster than the 1.6 percent growth for the overall U.S. economy.

Real gross output, compensation, and employment all grew faster in…

Updated statistics from the Outdoor Recreation Satellite Account (ORSA) released today by the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) show that the outdoor recreation economy accounted for 2.2 percent ($412 billion) of current-dollar GDP in 2016. In data produced for the first time, using inflation-adjusted (real) GDP, the outdoor recreation economy grew 1.7 percent in 2016, faster than the 1.6 percent growth for the…

The U.S. current-account deficit decreased to $101.5 billion (preliminary) in the second quarter of 2018 from $121.7 billion (revised) in the first quarter of 2018. As a percentage of U.S. GDP, the deficit decreased to 2.0 percent from 2.4 percent. The previously published current-account deficit for the first quarter was $124.1 billion.