Bureau of Economic Analysis

WASHINGTON DC, March 26, 2008 - U.S. personal income grew 6.2 percent in 2007, down from 6.7 percent in 2006, according to preliminary estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income has grown 6.2 percent for the last four years. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 2.6 percent in 2007 down from 2.9 percent in 2006.

Fourth Quarter and Annual 2007

Spending on tourism (adjusted for price changes) increased at an annual rate of 2.0 percent in 2007:4, according to the Bureau of Economic Analysis, reflecting a rise in spending on accommodations and food that was partly offset by a decrease in spending on transportation and entertainment. In 2007:3, spending on tourism grew 1.8 percent (revised). By comparison, real gross domestic product (GDP) grew at an…

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U.S. International Trade in Goods and Services DECEMBER 2007

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January 2008 Personal income increased $32.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $46.6 billion, or 0.4 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $39.9 billion, or 0.4 percent.

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 0.6 percent in the fourth quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9 percent. The GDP estimates released today are based on more complete source data than were available for the advance…

U.S. International Trade in Goods and Services DECEMBER 2007

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DECEMBER 2007 Personal income increased $55.1 billion, or 0.5 percent, and disposable personal income (DPI) increased $47.5 billion, or 0.5 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $23.5 billion, or 0.2 percent.

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 0.6 percent in the fourth quarter of 2007, according to advance estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9 percent. The Bureau emphasized that the fourth-quarter "advance" estimates are based on source data that are…

Revised Statistics of Gross Domestic Product by Industry, 2004-2006

Revised statistics on the industry distribution of real gross domestic product (GDP), released today by the U.S. Bureau of Economic Analysis, show that the private services-producing sector continued to lead overall GDP growth in 2006, increasing 4.2 percent, while growth in the private goods-producing sector slowed to 0.8 percent. Overall growth of the U.S. economy…