February 28, 2016 | The BEA Wire
The economy of the Northern Mariana Islands expanded in 2014, marking the third consecutive year of growth.
Real gross domestic product, adjusted to remove price changes, increased 3 percent in 2014. For comparison, real GDP for the United States (excluding the territories) increased 2.4 percent during the same period.
The growth in the Northern Mariana Islands’ economy reflected increases in private fixed investment, consumer…
February 26, 2016 | The BEA Wire
Personal income increased 0.5 percent in January after increasing 0.3 percent in December. Wages and salaries, the largest component of personal income, increased 0.6 percent in January after increasing 0.2 percent in December.
February 26, 2016 | The BEA Wire
Real gross domestic product (GDP) increased 1.0 percent in the fourth quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.
February 26, 2016 | News Release
Personal income increased $79.6 billion, or 0.5 percent, and disposable personal income (DPI) increased
$63.5 billion, or 0.5 percent, in January, according to the Bureau of Economic Analysis. Personal
consumption expenditures (PCE) increased $63.0 billion, or 0.5 percent. In December, personal income
increased $45.6 billion, or 0.3 percent, DPI increased $39.2 billion, or 0.3 percent, and PCE increased
$11.6 billion, or 0.1 percent, based on…
February 26, 2016 | News Release
Real gross domestic product -- the value of the goods and services produced by the nation’s
economy less the value of the goods and services used up in production, adjusted for price
changes -- increased at an annual rate of 1.0 percent in the fourth quarter of 2015, according to the
"second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased
2.0 percent.
The GDP estimate released today…
February 18, 2016 | The BEA Wire
As the fictional great detective Sherlock Holmes put it, and former Federal Reserve Chairman Ben Bernanke has quoted: “It is a capital mistake to theorize before one has data.”
In the case of business leaders, households, and policymakers, those data frequently come from the U.S. Bureau of Economic Analysis. Several initiatives contained in President Barack Obama’s recently unveiled budget for fiscal year 2017 would enable BEA to…
February 16, 2016 | The BEA Wire
Arts and cultural economic activity, adjusted for inflation, grew 2.5 percent in 2013, according to estimates of the industries’ real value added by the Bureau of Economic Analysis. That compares with a 1.1 percent increase in 2012.
Information services and design services were the leading contributors to the growth in 2013. Overall, 26 of 36 arts and culture-related industries contributed to the increase. As a group, the core arts…
February 16, 2016 | News Release
February 8, 2016 | The BEA Wire
BEA is working on a variety of projects this year to bring new economic statistics your way. The goal is to give business people, policymakers and households additional tools to make informed decisions and deepen their understanding of the U.S. economy.
February 5, 2016 | The BEA Wire
The U.S. international trade deficit increased in 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $508.3 billion in 2014 to $531.5 billion in 2015, as exports decreased more than imports. As a percentage of U.S. gross domestic product, the goods and services deficit was 3.0 percent in 2015, up from 2.9 percent in 2014. The goods deficit increased from $741.5 billion in 2014 to $758…
