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
U.S. Net International Investment Position Second Quarter 2017
The U.S. net international investment position increased to −$7,934.9 billion (preliminary) at the end of the second quarter from −$8,091.6 billion (revised) at the end of the first quarter. The $156.7 billion increase reflected net financial transactions of –$107.5 billion and net other changes in position, such as price and exchange-rate changes, of $264.2 billion.
U.S. International Investment Position, 2nd quarter 2017
The U.S. net international investment position increased to -$7,934.9 billion (preliminary) at the end of the second quarter of 2017 from -$8,091.6 billion (revised) at the end of the first quarter, according to statistics released today by the Bureau of Economic Analysis (BEA). The $156.7 billion increase reflected a $1,004.2 billion increase in U.S. assets and an $847.5 billion increase in U.S. liabilities (table 1).
State Personal Income, Second Quarter 2017
State personal income grew 0.7 percent on average in the second quarter of 2017, after increasing 1.4 percent in the first quarter.
State Quarterly Personal Income, 2nd quarter 2017; State Annual Personal Income, 2016
State personal income grew 0.7 percent on average in the second quarter of 2017, after increasing 1.4 percent in the first quarter. Each of the major aggregates of personal income—net earnings, property income, and personal current transfer receipts—grew more slowly than in the first quarter.
Gross Domestic Product by Metropolitan Area, 2016
Real gross domestic product (GDP) increased in 267 out of 382 metropolitan areas in 2016 according to statistics on the geographic breakout of GDP released by the Bureau of Economic Analysis. Real GDP by metropolitan area growth ranged from 8.1 percent in Lake Charles, LA and Bend-Redmond, OR to -13.3 percent in Odessa, TX (table 2).
U.S. Current-Account Deficit Increases in Second Quarter 2017
The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017. As a percentage of U.S. GDP, the deficit increased to 2.6 percent from 2.4 percent. The previously published current-account deficit for the first quarter was $116.8 billion.
U.S. International Transactions, 2nd quarter 2017
Current-Account Balance The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA).
Travel and Tourism Spending Stepped up in the Second Quarter
Real spending (output) on travel and tourism accelerated in the second quarter of 2017, growing at an annual rate of 4.9 percent after increasing 4.4 percent (revised) in the first quarter, according to new statistics released by the Bureau of Economic Analysis.
Travel and Tourism Satellite Accounts, 2nd quarter 2017
Real spending (output) on travel and tourism accelerated in the second quarter of 2017, growing at an annual rate of 4.9 percent after increasing 4.4 percent (revised) in the first quarter, according to new statistics released by the Bureau of Economic Analysis. Real gross domestic product (GDP) for the nation also accelerated, increasing 3.0 percent in the second quarter (second estimate) after increasing 1.2 percent in the first quarter of…