Bureau of Economic Analysis

Real spending on travel and tourism increased at an annual rate of 2.1 percent in the second quarter of 2012 after increasing 4.9 percent (revised) in the first quarter. By comparison, growth in real gross domestic product (GDP) increased 1.7 percent (second estimate) in the second quarter of 2012 after increasing 2.0 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 $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S. gross domestic product, the deficit decreased to 3.0 percent from 3.5 percent. The previously published current-account deficit for the first quarter was $137…

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The economy of the Commonwealth of the Northern Mariana Islands (CNMI) grew 2.3 percent in 2010, according to new estimates from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial government spending, consumer spending, and exports of goods and services.

For the first time, BEA also calculated estimates of GDP by industry, compensation by industry, and…

This release is available as a PDF download.

The Bureau of Economic Analysis (BEA) is being recognized for an innovation that makes our data easier for people to access.

The Center for Digital Government is presenting BEA with its 2012 Driving Digital Government Award at an event today in San Francisco. BEA was honored for its interactive data tables, which are available on BEA’s public Web site.

The U.S. monthly international trade deficit increased in July 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.9 billion (revised) in June to $42.0 billion in July, as exports decreased more than imports. The previously published June deficit was $42.9 billion. The goods deficit decreased $0.2 billion from June to $57.3 billion in July, and the services surplus decreased $0.3…

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The economy of American Samoa grew 1.3 percent in 2010, according to new estimates from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial government spending and private fixed investment, including construction.

For the first time, BEA also calculated estimates of GDP by industry, compensation by industry, and detailed consumer spending for the island…

This release is available as a PDF download.