Bureau of Economic Analysis
Annual Update of GDP, Industry, and State Statistics Starts Sept. 25
Release of the annual update of gross domestic product and related statistics, including GDP by industry, begins Sept. 25. Updates of state and county statistics start Sept. 26.
Regular annual updates enable the U.S. Bureau of Economic Analysis to refine our estimates as more complete source data become available. They are also a time to bring in improvements in methodology and presentation. This year, we'll introduce data on business investment in data centers.
Principal Federal Economic Indicators
Noteworthy
The Latest
Outdoor Recreation Satellite Account, Prototype Estimates, 2012-2016
Prototype statistics from the Outdoor Recreation Satellite Account (ORSA) released by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) show that the outdoor recreation economy accounted for 2.0 percent ($373.7 billion) of current-dollar GDP in 2016 (table 1). In addition, the outdoor recreation economy grew 3.8 percent in 2016, compared to growth of 2.8 percent in the overall economy.
Swim, Sail or Ski to bea.gov for an Outdoor Rec Preview
BEA’s first look at the outdoor recreation economy is coming Feb. 14, but you can get a sneak peek right now at what the statistics will cover.
We’ve posted the blank data tables on the Outdoor Recreation Satellite Account page of bea.gov. Glance over the tables to see how BEA will present its prototype statistics on activities like camping, hunting and boating, as well as related production by industries, such as retail trade,…
2017 Trade Gap is $566.0 Billion
The U.S. international trade deficit increased in 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $504.8 billion in 2016 to $566.0 billion in 2017, as imports increased more than exports. As a percentage of U.S. gross domestic product, the goods and services deficit was 2.9 percent in 2017, up from 2.7 percent in 2016. The goods deficit increased from $752.5 billion in 2016 to $810…
U.S. International Trade in Goods and Services, December 2017
The U.S. monthly international trade deficit increased in December 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $50.4 billion in November (revised) to $53.1 billion in December, as imports increased more than exports.
Coming Soon: BEA to Release Prototype Statistics on the Economic Impact of Outdoor Recreation
The U.S. Bureau of Economic Analysis on Feb. 14 will release for the first time prototype statistics measuring the economic effects of outdoor recreation – pursuits like boating, RVing and snowboarding.
These prototype statistics covering 2012-2016 will be available in a news release and data tables posted on BEA’s website at 8:30 a.m. Eastern time.
Real Consumer Spending Rises in December
Personal income increased 0.4 percent in December after increasing 0.3 percent in November. Wages and salaries, the largest component of personal income, increased 0.5 percent in December after increasing 0.4 percent in November.
Personal Income and Outlays, December 2017
Personal income increased 0.4 percent in December after increasing 0.3 percent in November. Wages and salaries, the largest component of personal income, increased 0.5 percent in December after increasing 0.4 percent in November.
GDP Increases in Fourth Quarter
Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.
Gross Domestic Product, 4th quarter and annual 2017 (advance estimate)
Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.
Gross Domestic Product (GDP) by State: Third Quarter 2017
Real gross domestic product (GDP) increased in every state and the District of Columbia in the third quarter of 2017. Real GDP by state growth in the third quarter ranged from 5.7 percent in Delaware to 0.5 percent in South Dakota.