Bureau of Economic Analysis
Annual Update of GDP, Industry, and State Statistics Starts Sept. 25
Release of the annual update of gross domestic product and related statistics, including GDP by industry, begins Sept. 25. Updates of state and county statistics start Sept. 26.
Regular annual updates enable the U.S. Bureau of Economic Analysis to refine our estimates as more complete source data become available. They are also a time to bring in improvements in methodology and presentation. This year, we'll introduce data on business investment in data centers.
Principal Federal Economic Indicators
Noteworthy
The Latest
Personal Income Slows in July
Personal income increased 0.1 percent in July after increasing 0.3 percent in June. Wages and salaries, the largest component of personal income, decreased 0.3 percent in July after increasing 0.4 percent in June. Government wages were reduced in July due to furloughs.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in July, the same increase as in June.
Personal Income and Outlays, July 2013
Personal income increased $14.1 billion, or 0.1 percent, and disposable personal income (DPI) increased $21.7 billion, or 0.2 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $16.3 billion, or 0.1 percent. In June, personal income increased $38.2 billion, or 0.3 percent, DPI increased $27.3 billion, or 0.2 percent, and PCE increased $64.0 billion, or 0.6 percent, based on revised…
GDP Growth Picks Up in Second Quarter
Real gross domestic product (GDP) increased 2.5 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “second” estimate released by the Bureau of Economic Analysis (BEA). The second-quarter growth rate was revised up 0.8 percentage point from the advance estimate released in July.
GDP growth highlights The second-quarter acceleration reflected the following:
Gross Domestic Product, 2nd quarter 2013 (second estimate); Corporate Profits, 2nd quarter 2013 (preliminary estimate)
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 2.5 percent in the second quarter of 2013 (that is, from the first quarter to the second quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.1 percent. The GDP estimate released today is based…
U.S. Virgin Islands (USVI) Gross Domestic Product, 2011-2012
This release is available as a PDF download.
Economic Activity in Virgin Islands Decreases in 2012 and 2011
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…
June 2013 Trade Gap is $34.2 Billion
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…
Personal Income and Outlays, June 2013
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…