Bureau of Economic Analysis

Advance 2013 and Revised 1997—2012 Statistics of GDP by State

Real gross domestic product (GDP) increased in 49 states in 2013, according to new statistics released today by the Bureau of Economic Analysis (BEA).1 Nondurable–goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth. U.S. real GDP growth slowed to 1.8 percent in 2013…

With this release, statistics on trade in goods and services for January 1999 to March 2014 are revised to reflect newly available and revised source data, changes in estimation methods, and changes in definitions and classifications. For more information see www.bea.gov/international/revision-2014.htm.

NOTE: See the navigation bar at the right side of the news release text for a link to an important note about revisions to goods and services and the comprehensive restructuring of the International Economic Accounts. Also see links to data tables, contact personnel and their telephone numbers, and supplementary materials.

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Personal income increased 0.3 percent in April after increasing 0.5 percent in March. Wages and salaries, the largest component of personal income, increased 0.2 percent after increasing 0.6 percent.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in April after increasing 0.5 percent in March.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in April…

Personal income increased $43.7 billion, or 0.3 percent, and disposable personal income (DPI) increased $44.6 billion, or 0.3 percent, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $8.1 billion, or 0.1 percent. In March, personal income increased $76.3 billion, or 0.5 percent, DPI increased $65.0 billion, or 0.5 percent, and PCE increased $117.6 billion, or 1.0 percent, based on…

 Real gross domestic product (GDP) decreased 1.0 percent in the first quarter of 2014, according to the “second” estimate released today by the Bureau of Economic Analysis. In the fourth quarter of 2013, real GDP increased 2.6 percent.

First-quarter GDP highlights The decline in real GDP was more than accounted for by a significant decline in inventory investment, notably by motor vehicle dealerships. In fact, GDP less inventory…

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent. The GDP estimate released today is based on more complete source data than were available for the "advance…

In June, BEA’s international data will be most significant restructuring of BEA’s international data since 1976. The restructured accounts will provide greater and more complete information about the global financial picture and the United States’ place in it.

The U.S. monthly international trade deficit decreased in March 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $41.9 billion in February (revised) to $40.4 billion in March as exports increased more than imports. The previously published February deficit was $42.3 billion. The goods deficit decreased $0.6 billion from February to $60.7 billion in March; the services surplus…

NOTE: See the navigation bar at the right side of the news release text for a link to an important note about upcoming revisions to goods and services and the comprehensive restructuring of the International Economic Accounts coming in June 2014. Also see links to data tables, contact personnel and their telephone numbers, and supplementary materials.

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