Bureau of Economic Analysis

The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, decreased 6.4 percent in 2020 after increasing 3.4 percent in 2019. Arts and cultural economic activity accounted for 4.2 percent of gross domestic product (GDP), or $876.7 billion, in 2020.

The U.S. international trade deficit increased in 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $676.7 billion in 2020 to $861.4 billion in 2021, as imports increased more than exports. The goods deficit increased $169.4 billion in 2021 to $1,091.4 billion. The services surplus decreased $15.3 billion in 2021 to $230.0 billion. The goods and services deficit was 3.7 percent of…

The U.S. monthly international trade deficit increased in January 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $82.0 billion in December (revised) to $89.7 billion in January, as imports increased and exports decreased. The previously published December deficit was $80.7 billion. The goods deficit increased $7.1 billion in January to $108.9 billion. The services surplus…

The U.S. monthly international trade deficit increased in January 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $82.0 billion in December (revised) to $89.7 billion in January, as imports increased and exports decreased. The previously published December deficit was $80.7 billion. The goods deficit increased $7.1 billion in January to $108.9 billion. The services surplus decreased $…

Real gross domestic product (GDP) for the U.S. Virgin Islands (USVI) decreased 2.2 percent in 2020 after increasing 2.8 percent in 2019. The decrease in real GDP reflected decreases in exports of services, private fixed investment, personal consumption expenditures, and government spending. These decreases were partly offset by an increase in private inventory investment.

Real gross domestic product for the U.S. Virgin Islands decreased 2.2 percent in 2020 after increasing 2.8 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.

The Bureau of Economic Analysis continually explores the development of new statistics as part of its mission to provide Americans a timely, accurate, and in-depth understanding of the changing U.S. economy.  These are some of the ways we’re working to expand economic data.

Personal income increased $9.0 billion, or less than 0.1 percent at a monthly rate, while consumer spending increased $337.2 billion, or 2.1 percent, in January. The increase in personal income primarily reflected an increase in compensation of employees that was partly offset by a decrease in government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.4 percent in…

Personal income increased $9.0 billion, or less than 0.1 percent at a monthly rate, while consumer spending increased $337.2 billion, or 2.1 percent, in January. The increase in personal income primarily reflected an increase in compensation of employees that was partly offset by a decrease in government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.4 percent in January,…

Real gross domestic product (GDP) increased at an annual rate of 7.0 percent in the fourth quarter of 2021, following an increase of 2.3 percent in the third quarter. The increase was revised up 0.1 percentage point from the “advance” estimate released in January. The acceleration in the fourth quarter was led by an upturn in exports as well as accelerations in inventory investment and consumer spending. In the fourth quarter, COVID-19 cases…