Bureau of Economic Analysis

The amount of research and development (R&D) generated by multinational companies varies widely across U.S. states.

A new examination of data shows that the R&D performed by foreign-owned U.S. affiliates in 2007 ranged from $1 million in South Dakota to $5.3 billion in California. In addition to California, the R&D of U.S. affiliates was higher than $2.5 billion in three other states: New Jersey, Pennsylvania, and…

Real spending on travel and tourism decelerated in the second quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 7.3 percent (revised) in the first quarter of 2013. By comparison, growth in real gross domestic product (GDP) accelerated, increasing 2.5 percent (second estimate) in the second quarter after increasing 1.1 percent in the first quarter.

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $98.9 billion (preliminary) in the second quarter of 2013 from $104.9 billion (revised) in the first quarter of 2013.

NOTE: See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials. -->

Metropolitan areas accounted for nearly 91 percent of national current-dollar gross domestic product (GDP). The ten largest metropolitan areas accounted for 34 percent of national GDP in 2012, while the smallest 79 metropolitan areas accounted for less than 2 percent of national GDP. Real GDP grew in 305 metropolitan areas. Durable-goods manufacturing, trade, and financial activities led growth in 2012.

ECONOMIC GROWTH WIDESPREAD ACROSS METROPOLITAN AREAS IN 2012 Advance 2012, and Revised 20012011 GDP-by-Metropolitan-Area Statistics

Businesses and federal statistical agencies have a long history of working together to produce something that is vitally important to both groups: the nation’s economic measurement toolkit.

Steve Landefeld, director of the Commerce Department’s Bureau of Economic Analysis, charted the history of this collaboration and underscored the importance of continuing that partnership during a panel session Tuesday at the National Association…

This release is available as a PDF download.

The estimates of gross domestic product (GDP) for American Samoa show that real GDP, adjusted to remove price changes, increased 0.5 percent in 2011 and decreased 2.4 percent in 2012.

For comparison, real GDP for the United States (excluding the territories) increased 1.8 percent in 2011 and 2.8 percent in 2012.

The U.S. monthly international trade deficit increased in July 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $34.5 billion in June (revised) to $39.1 billion in July as exports decreased and imports increased. The previously published June deficit was $34.2 billion. The goods deficit increased $4.5 billion from June to $58.6 billion in July; the services surplus decreased $0.1…