October 15, 2012 | The BEA Wire
The economy of the U.S. Virgin Islands returned to growth in 2010, expanding 2.9 percent, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in the trade surplus, government spending, and construction.
GDP offers the most comprehensive picture of the territory’s economy. Although more timely indicators like employment, wages, and visitor…
October 15, 2012 | News Release
This release is available as a PDF download.
October 12, 2012 | The BEA Wire
Did you know that Bureau of Economic Analysis (BEA) regional economic statistics, such as the annual state personal income statistics released September 25, 2012, are used to allocate billions of dollars in federal funds to state and local governments?
In fiscal year 2011, more than $339 billion in federal funds were distributed under programs using U.S. Bureau of Economic Analysis statistics in funding formulas.
October 11, 2012 | The BEA Wire
The U.S. monthly international trade deficit increased in August 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion (revised) in July to $44.2 billion in August, as exports decreased more than imports. The previously published July deficit was $42.0 billion. The goods deficit increased $1.5 billion from July to $59.3 billion in August, and the services surplus decreased…
October 11, 2012 | News Release
October 3, 2012 | The BEA Wire
The Bureau of Economic Analysis (BEA) updated its Regional Input-Output Modeling System (RIMS II), a tool used by investors, regional planners, and government officials to gauge the impact of a change in economic activity on a local community or a particular region of the country. The update incorporates new information from both BEA’s industry and regional economic accounts.
September 28, 2012 | The BEA Wire
Personal income increased 0.1 percent in August, the same increase as in July.
Wages and salaries, the largest component of personal income, increased 0.1 percent in August after increasing 0.1 percent in July. Government social benefits to persons turned down in August.
September 28, 2012 | News Release
Personal income increased $15.0 billion, or 0.1 percent, and disposable personal income (DPI)
increased $12.5 billion, or 0.1 percent, inAugust, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $57.2 billion, or 0.5 percent. In July,
personal income increased $18.5 billion, or 0.1 percent, DPI increased $15.4 billion, or 0.1 percent,
and PCE increased $45.4 billion, or 0.4 percent, based on…
September 27, 2012 | The BEA Wire
Real gross domestic product (GDP) rose 1.3 percent in the second quarter of 2012 after rising 2.0 percent in the first quarter, according to the third estimate released today by the Bureau of Economic Analysis. The second quarter growth rate was revised down from the second estimate released in August.
Second-quarter highlights
September 27, 2012 | News Release
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 1.3 percent in the second quarter of 2012
(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 2.0 percent.
The GDP estimate released today is based on…
