Bureau of Economic Analysis

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The economy of the Northern Mariana Islands expanded in 2014, marking the third consecutive year of growth.

Real gross domestic product, adjusted to remove price changes, increased 3 percent in 2014. For comparison, real GDP for the United States (excluding the territories) increased 2.4 percent during the same period.

The growth in the Northern Mariana Islands’ economy reflected increases in private fixed investment, consumer…

Personal income increased 0.5 percent in January after increasing 0.3 percent in December. Wages and salaries, the largest component of personal income, increased 0.6 percent in January after increasing 0.2 percent in December.

Real gross domestic product (GDP) increased 1.0 percent in the fourth quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.

Personal income increased $79.6 billion, or 0.5 percent, and disposable personal income (DPI) increased $63.5 billion, or 0.5 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $63.0 billion, or 0.5 percent. In December, personal income increased $45.6 billion, or 0.3 percent, DPI increased $39.2 billion, or 0.3 percent, and PCE increased $11.6 billion, or 0.1 percent, based on…

Real gross domestic product -- the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 1.0 percent in the fourth quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent. The GDP estimate released today…

As the fictional great detective Sherlock Holmes put it, and former Federal Reserve Chairman Ben Bernanke has quoted: “It is a capital mistake to theorize before one has data.”

In the case of business leaders, households, and policymakers, those data frequently come from the U.S. Bureau of Economic Analysis. Several initiatives contained in President Barack Obama’s recently unveiled budget for fiscal year 2017 would enable BEA to…

Arts and cultural economic activity, adjusted for inflation, grew 2.5 percent in 2013, according to estimates of the industries’ real value added by the Bureau of Economic Analysis. That compares with a 1.1 percent increase in 2012.

Information services and design services were the leading contributors to the growth in 2013. Overall, 26 of 36 arts and culture-related industries contributed to the increase. As a group, the core arts…

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BEA is working on a variety of projects this year to bring new economic statistics your way. The goal is to give business people, policymakers and households additional tools to make informed decisions and deepen their understanding of the U.S. economy.