Bureau of Economic Analysis

State personal income grew 0.7 percent on average in the second quarter of 2017, after increasing 1.4 percent in the first quarter. Each of the major aggregates of personal income—net earnings, property income, and personal current transfer receipts—grew more slowly than in the first quarter.

Real gross domestic product (GDP) increased in 267 out of 382 metropolitan areas in 2016 according to statistics on the geographic breakout of GDP released by the Bureau of Economic Analysis. Real GDP by metropolitan area growth ranged from 8.1 percent in Lake Charles, LA and Bend-Redmond, OR to -13.3 percent in Odessa, TX (table 2).

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017. As a percentage of U.S. GDP, the deficit increased to 2.6 percent from 2.4 percent. The previously published current-account deficit for the first quarter was $116.8 billion.

Current-Account Balance The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA).

Real spending (output) on travel and tourism accelerated in the second quarter of 2017, growing at an annual rate of 4.9 percent after increasing 4.4 percent (revised) in the first quarter, according to new statistics released by the Bureau of Economic Analysis.

Real spending (output) on travel and tourism accelerated in the second quarter of 2017, growing at an annual rate of 4.9 percent after increasing 4.4 percent (revised) in the first quarter, according to new statistics released by the Bureau of Economic Analysis. Real gross domestic product (GDP) for the nation also accelerated, increasing 3.0 percent in the second quarter (second estimate) after increasing 1.2 percent in the first quarter of…

BEA is moving ahead on a project to develop a new set of statistics that measure how outdoor pursuits like fishing, camping, and hiking contribute to the economy. The Outdoor Recreation Satellite Account, or ORSA, will add up jobs, spending, and goods and services for leisure activities that range across the American landscape, from hang gliding through the sky, to diving into the sea. Release of the first experimental estimates is expected…

The U.S. monthly international trade deficit increased in July 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.5 billion in June (revised) to $43.7 billion in July, as exports decreased more than imports. The previously published June deficit was $43.6 billion. The goods deficit decreased less than $0.1 billion in July to $65.3 billion. The services surplus decreased $0.2…

Total July exports of $194.4 billion and imports of $238.1 billion resulted in a goods and services deficit of $43.7 billion.