August 12, 2013 | The BEA Wire
The estimates of gross domestic product (GDP) for the U.S. Virgin Islands show that real GDP—adjusted to remove price changes—decreased 13.2 percent in 2012 after decreasing 6.6 percent in 2011.
In contrast, real GDP for the United States (excluding the territories) increased 2.8 percent in 2012 after increasing 1.8 percent in 2011.
The decline in the Virgin Islands economy reflected decreases in exports of goods and…
August 6, 2013 | The BEA Wire
The U.S. monthly international trade deficit decreased in June 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.1 billion in May (revised) to $34.2 billion in June as exports increased and imports decreased. The previously published May deficit was $45.0 billion. The goods deficit decreased $9.7 billion from May to $53.2 billion in June; the services surplus increased $0.2…
August 6, 2013 | News Release
August 2, 2013 | News Release
Personal income increased $45.4 billion, or 0.3 percent, and disposable personal income (DPI)
increased $33.6 billion, or 0.3 percent, in June, according to the Bureau of Economic Analysis. Personal
consumption expenditures (PCE) increased $59.4 billion, or 0.5 percent. In May, personal income
increased $49.5 billion, or 0.4 percent, DPI increased $38.2 billion, or 0.3 percent, and PCE increased
$19.3 billion, or 0.2 percent, based on…
August 2, 2013 | The BEA Wire
Personal income increased 0.3 percent in June after increasing 0.4 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.3 percent in May.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in June, the same increase as in May.
Real DPI, income adjusted for taxes and inflation, fell 0.1 percent in June after…
August 1, 2013 | The BEA Wire
Interested in learning about foreign direct investment in the U.S. advertising industry? Or in U.S. direct investment in Vietnam? The U.S. Bureau of Economic Analysis (BEA) released its most detailed statistics on U.S.
July 31, 2013 | News Release
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 1.7 percent in the second quarter of 2013
(that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis.
July 31, 2013 | The BEA Wire
Real gross domestic product (GDP) increased 1.7 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “advance” estimate released today by the Bureau of Economic Analysis (BEA).
GDP highlights
The second-quarter acceleration in GDP reflected the following:
July 23, 2013 | The BEA Wire
A pharmaceutical company develops a new cancer drug. A Hollywood studio creates a box-office blockbuster. A song writer records a new hit. On July 31, BEA will begin including the amount of money businesses invest in the production of such intellectual property as part of gross domestic product (GDP).
Why?
July 23, 2013 | The BEA Wire
The Bureau of Economic Analysis (BEA) will release its comprehensive revision of the National Income and Product Accounts (NIPAs) next week. Among other important changes to estimates will be how the statistical agency treats research and development (R&D) and calculates entertainment in measuring gross domestic product (GDP). The revision generally occurs every 5 years.
