Bureau of Economic Analysis

Real gross domestic product (GDP) increased 2.0 percent in the third quarter of 2015, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.1 percentage point from the “second” estimate released in November. In the second quarter, real GDP increased 3.9 percent.

GDP highlights The third-quarter increase in real GDP mainly reflected a rise in consumer spending. Spending on…

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 2.0 percent in the third quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent. The GDP estimate released today…

State personal income grew 1.3 percent on average in the third quarter of 2015, the same pace as in the second quarter. 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.

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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.