Bureau of Economic Analysis

Transportation and warehousing; health care and social assistance; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2016. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 15 of 22 industry groups contributed to the overall 1.4 percent increase in real GDP in the second quarter.

The Bureau of Economic Analysis released a fresh set of statistics Wednesday detailing how much the United States spends to treat different diseases and medical conditions.

The numbers, which cover 2013, offer new insights into health care, which accounts for more than 17 percent of the U.S. economy.

Personal income increased 0.3 percent in September after increasing 0.2 percent in August. Wages and salaries, the largest component of personal income, increased 0.3 percent in September after increasing 0.1 percent in August.

Personal income increased $46.7 billion (0.3 percent) in September according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $37.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $61.0 billion (0.5 percent). Real DPI increased less than 0.1 percent in September and Real PCE increased 0.3 percent. The PCE price index increased 0.2 percent.

Real gross domestic product (GDP) increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP rose 1.4 percent.

Real gross domestic product increased at an annual rate of 2.9 percent in the third quarter of 2016 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent. The Bureau emphasized that the third-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see “Source Data for the…

Did you know that each year BEA regional economic statistics, such as annual personal income and per capita personal income are used to allocate billions of dollars in federal funds to states and local governments?  In fiscal year 2015, nearly $400 billion in federal funds were distributed under programs using BEA statistics in federal funding formulas.

How much do U.S. residents spend on travel to Greece? How much does the U.S. export in movies and television programming to Vietnam? You can answer these questions next week when the Bureau of Economic Analysis expands the geographic detail it publishes on U.S. imports and exports of services. On October 24, we will publish annual statistics on international trade in services with 90 countries and areas, up from 49.

Anyone interested in economic growth in, let’s say, West Virginia can check state GDP data from the U.S. Bureau of Economic Analysis. Want to zoom in on a metro area, such as Charleston, W.Va., and its surroundings? BEA has gross domestic product by metropolitan areas, too.

The U.S. monthly international trade deficit increased in August 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.5 billion in July (revised) to $40.7 billion in August, as imports increased more than exports. The previously published July deficit was $39.5 billion. The goods deficit decreased less than $0.1 billion in August to $60.3 billion. The services surplus decreased $1.2…