Bureau of Economic Analysis

The U.S. current-account deficit increased to $128.2 billion (preliminary) in the fourth quarter of 2017 from $101.5 billion (revised) in the third quarter of 2017. As a percentage of U.S. GDP, the deficit increased to 2.6 percent from 2.1 percent. The previously published current-account deficit for the third quarter was $100.6 billion.

The Bureau of Economic Analysis released, for the first time, preliminary statistics and an accompanying report exploring the size and growth of the digital economy. Goods and services that are primarily digital accounted for 6.5 percent of the U.S. economy, or $1.2 trillion, in 2016, after a decade of growing faster than the U.S. economy overall, BEA’s research shows.

From 2006 to 2016, the digital economy grew at an average annual…

The Bureau of Economic Analysis will release, for the first time, preliminary statistics and an accompanying report exploring the size and growth of the digital economy at 10:30 a.m. on Thursday, March 15.

The report will be available at BEA’s website, www.bea.gov.

The report will include in its definition of the digital economy three major types of goods and services:

Trade statistics produced by the Bureau of Economic Analysis provide policymakers and other stakeholders with critical information for understanding the role of the United States in the global economy. As the size and complexity of international transactions have increased, BEA is working on a number of fronts to make its trade statistics even better.

The U.S. monthly international trade deficit increased in January 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.9 billion in December (revised) to $56.6 billion in January, as exports decreased more than imports. The previously published December deficit was $53.1 billion. The goods deficit increased $2.8 billion in January to $76.5 billion. The services surplus increased $0.…

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 $568.4 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 $811…

The U.S. monthly international trade deficit increased in January 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.9 billion in December (revised) to $56.6 billion in January, as exports decreased more than imports. The previously published December deficit was $53.1 billion. The goods deficit increased $2.8 billion in January to $76.5 billion. The services surplus increased $0.1…

The Arts and Cultural Production Satellite Account (ACPSA) released today by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) show that arts and cultural economic activity nationwide increased an inflation-adjusted 4.9 percent in 2015. That compares with a 0.4 percent increase in 2014 (table 1). Arts and cultural economic activity accounted for 4.2 percent of gross domestic product (GDP), or $763.6 billion, in 2015 (table…

In the big picture, arts and culture account for 4.2 percent of the U.S. economy in the Bureau of Economic Analysis' latest statistics. Want to zoom in for a close-up? Now you can, using detailed data that are available for each state for the first time.

Personal income increased 0.4 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.4 percent in December.