Bureau of Economic Analysis

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate is the same as in the “second” estimate released in February. In the third quarter, real GDP also increased 2.1 percent.

State personal income increased 4.4 percent in 2019, after increasing 5.6 percent in 2018. In 2019, increases in earnings, property income (dividends, interest, and rent), and transfer receipts contributed to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.1 percent in Colorado to 2.8 percent in West Virginia.

State personal income increased 4.4 percent in 2019, after increasing 5.6 percent in 2018. In 2019, increases in earnings, property income (dividends, interest, and rent), and transfer receipts contributed to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.1 percent in Colorado to 2.8 percent in West Virginia.

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, widened by $7.4 billion, or 1.5 percent, to $498.4 billion in 2019. The widening mainly reflected an expanded deficit on secondary income and a reduced surplus on services that were partly offset by a reduced deficit on goods. The 2019 deficit was 2.3 percent of current…

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 $15.6 billion, or 12.4 percent, to $109.8 billion in the fourth quarter of 2019. The narrowing mainly reflected a reduced deficit on goods that was partly offset by an expanded deficit on secondary income. The fourth quarter deficit was 2.0 percent of…

The U.S. current account deficit narrowed by $15.6 billion, or 12.4 percent, to $109.8 billion in the fourth quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis. The revised third quarter deficit was $125.4 billion. The fourth quarter deficit was 2.0 percent of current dollar gross domestic product, down from 2.3 percent in the third quarter.

Arts and cultural economic activity, adjusted for inflation, increased 3.6 percent in 2017, according to the U.S. Bureau of Economic Analysis. That compares with a 5.3 percent increase in 2016. Arts and cultural economic activity accounted for 4.5 percent of gross domestic product (GDP), or $877.8 billion, in 2017.

The Arts and Cultural Production Satellite Account released today by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 3.6 percent in 2017. That compares with a 5.3 percent increase in 2016. Arts and cultural economic activity accounted for 4.5 percent of gross domestic product (GDP), or $877.8 billion, in 2017.

It's time for BEA's benchmark survey of U.S. direct investment abroad, conducted every five years. This survey is used to produce statistics that capture changing trends in activities of U.S.-owned businesses in other countries. These Bureau of Economic Analysis statistics help business leaders make decisions about hiring and investing. They are used by policymakers and researchers to analyze how investment abroad affects jobs, wages,…

BEA has developed prototype statistics that measure how the nation’s personal income is distributed across households, offering a new tool for assessing how Americans share in the nation’s economic growth.