Bureau of Economic Analysis

Gross Domestic Product (GDP) would have been, on average, 2.7 percent, or $301.5 billion higher between 1998 and 2007 if research and development (R&D) spending was treated as investment in the U.S. national income and product accounts, the Bureau of Economic Analysis (BEA) announced today.  The 2010 R&D Satellite Account updates and extends BEA’s estimates of the effect of R&D on economic growth through 2007, and now…

Personal income increased $53.7 billion, or 0.4 percent, and disposable personal income (DPI) increased $49.0 billion, or 0.4 percent, inMay, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $24.4 billion, or 0.2 percent. In April, personal income increased $59.4 billion, or 0.5 percent, DPI increased $63.7 billion, or 0.6 percent, and PCE increased $1.4 billion, or less than 0.1 percent, based…

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 2.7 percent in the first quarter of 2010, (that is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2009, real GDP increased 5.6 percent. The GDP estimate released today is…

The U.S. net international investment position at yearend 2009 was -$2,737.8 billion (preliminary), as the value of foreign investments in the United States continued to exceed the value of U.S. investments abroad (table 1). At yearend 2008, the U.S. net international investment position was -$3,493.9 billion (revised). The $756.0 billion change in the U.S. net investment position from yearend 2008 to yearend 2009…

QUARTERLY TOURISM ESTIMATES WILL NOT BE DISCONTINUED (SEE THE BOX NEXT RELEASE)

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Real spending on travel and tourism increased at an annual rate of 3.9 percent in 2010:1, following a decrease of 1.5 percent (revised) in 2009:4. By comparison, real gross domestic product (GDP) increased 3.0 percent (second estimate) in 2010:1 after increasing 5.6 percent in 2009:4. Travel and tourism prices…

WASHINGTON DC, June 18, 2010 – State personal income growth averaged 0.9 percent in the first quarter of 2010 up from 0.5 percent in the fourth quarter of 2009, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income increased in all but two states with growth ranging from 1.6 percent in Mississippi to –2.0 percent in North Dakota. Inflation, as measured by the national price index for personal…

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HAGATNA, GUAM (June 14, 2010) – Today, the Bureau of Economic Analysis (BEA) is releasing its first set of estimates of the major components of gross domestic product (GDP) for Guam.1

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