Bureau of Economic Analysis

State personal income grew 1.3 percent on average in the third quarter of 2015, the same pace as in the second quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income grew in every state with third-quarter personal income growth rates ranging from 0.6 percent in Alaska to 2.2 percent in Nebraska and South Dakota (table 1).

The U.S. current-account deficit – a net measure of transactions between the United States and the rest of the world in goods, services, primary income (investment income and compensation), and secondary income (current transfers) – increased to $124.1 billion (preliminary) in the third quarter of 2015 from $111.1 billion (revised) in the second quarter of 2015. As a percentage of U.S. GDP, the deficit increased to 2.7 percent from 2.5…

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The Virgin Islands economy continued to contract in 2014, although at a much slower rate than in the previous three years, the U.S. Bureau of Economic Analysis reported today.

The estimates of Gross Domestic Product for the U.S. Virgin Islands show that real GDP —  adjusted to remove price changes — decreased 0.6 percent in 2014. For comparison, real GDP for the U.S. (excluding the territories) increased 2.4 percent in 2014.

Real spending (output) on travel and tourism decelerated in the third quarter of 2015, increasing at an annual rate of 4.3 percent after increasing 8.4 percent (revised) in the second quarter of 2015. Real gross domestic product (GDP) also decelerated, increasing 2.1 percent (second estimate) in the third quarter after increasing 3.9 percent.

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Real spending (output) on travel and tourism decelerated in the third quarter of 2015, increasing at an annual rate of 4.3 percent after increasing 8.4 percent (revised) in the second quarter of 2015. Real gross domestic product (GDP) also decelerated, increasing 2.1 percent (second estimate) in the third quarter after increasing 3.9 percent.

Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the second quarter of 2015. Overall, U.S. real GDP by state grew at an annual rate of 3.8 percent in the second quarter of 2015 after increasing 0.7 percent in the first quarter of 2015. Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to real U.S. economic growth in the second…

Today, the U.S. Bureau of Economic Analysis (BEA) released–for the first time–gross domestic product (GDP) by state for 21 industry sectors on a quarterly basis.1 These new statistics supplement BEA's national quarterly GDP by industry statistics first released in April 2014. These new data provide timely information on how specific industries contribute to accelerations, decelerations, and turning points in economic growth at the state level…

New statistics on the economic performance of all 50 states and the District of Columbia during the second quarter of 2015 will be released Thursday, Dec. 10 at 8:30 a.m. eastern time by the U.S. Bureau of Economic Analysis.