March 6, 2018 | News Release
The Arts and Cultural Production Satellite Account (ACPSA) released today by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) show that arts and cultural economic activity nationwide increased an inflation-adjusted 4.9 percent in 2015. That compares with a 0.4 percent increase in 2014 (table 1). Arts and cultural economic activity accounted for 4.2 percent of gross domestic product (GDP), or $763.6 billion, in 2015 (table…
March 1, 2018 | The BEA Wire
Personal income increased 0.4 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.4 percent in December.
March 1, 2018 | News Release
Personal income increased 0.4 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.4 percent in December.
February 28, 2018 | The BEA Wire
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.
February 28, 2018 | News Release
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.
February 26, 2018 | The BEA Wire
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…
February 14, 2018 | The BEA Wire
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.
February 14, 2018 | News Release
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.
February 8, 2018 | The BEA Wire
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,…
February 6, 2018 | The BEA Wire
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…
