Bureau of Economic Analysis

Real gross domestic product (GDP) increased 2.5 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “third” estimate released by the Bureau of Economic Analysis (BEA). The second-quarter growth rate was the same as the “second” estimate released in August.

GDP growth highlights The second-quarter acceleration reflected upturns in business investment, mainly in power and…

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.5 percent in the second quarter of 2013 (that is, from the first quarter to the second quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.1 percent. The GDP estimate released today is based on…

The U.S. net international investment position was –$4,504.1 billion (preliminary) at the end of the second quarter of 2013 compared with –$4,236.6 billion (revised) at the end of the first quarter, as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.

The U.S. net international investment position at the end of the second quarter of 2013 was -$4,504.1 billion (preliminary) as the value of foreign investments in the United States exceeded the value of U.S. investments abroad (table 1). At the end of the first quarter, the U.S. net international investment position was -$4,236.6 billion (revised).

Real spending on travel and tourism decelerated in the second quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 7.3 percent revised) in the first quarter of 2013.

The amount of research and development (R&D) generated by multinational companies varies widely across U.S. states.

A new examination of data shows that the R&D performed by foreign-owned U.S. affiliates in 2007 ranged from $1 million in South Dakota to $5.3 billion in California. In addition to California, the R&D of U.S. affiliates was higher than $2.5 billion in three other states: New Jersey, Pennsylvania, and…

Real spending on travel and tourism decelerated in the second quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 7.3 percent (revised) in the first quarter of 2013. By comparison, growth in real gross domestic product (GDP) accelerated, increasing 2.5 percent (second estimate) in the second quarter after increasing 1.1 percent in the first quarter.

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $98.9 billion (preliminary) in the second quarter of 2013 from $104.9 billion (revised) in the first quarter of 2013.

NOTE: See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials. -->

Metropolitan areas accounted for nearly 91 percent of national current-dollar gross domestic product (GDP). The ten largest metropolitan areas accounted for 34 percent of national GDP in 2012, while the smallest 79 metropolitan areas accounted for less than 2 percent of national GDP. Real GDP grew in 305 metropolitan areas. Durable-goods manufacturing, trade, and financial activities led growth in 2012.