State personal income increased 4.5 percent in 2018, after increasing 4.4 percent in 2017. In 2018, personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.8 percent in Washington to 2.9 percent in Hawaii.
The BEA Wire | BEA's Official Blog
When the Bureau of Economic Analysis estimates the nation’s gross domestic product on March 28, it will officially be a “third estimate” – even though we’ve only estimated GDP for that quarter once before.
Wondering where the second estimate went? Don’t worry, we didn’t lose count. The… Read More
Arts and cultural economic activity grew at an inflation-adjusted 2.9 percent in 2016, increasing faster than the nation’s economy overall. For comparison, U.S. gross domestic product, or GDP, rose 1.6 percent that year.
Among state economies, Nevada posted the fastest arts and culture… Read More
Mary Bohman, an agricultural economist with an impressive record of accomplishments in the public sector, was named Deputy Director of the Bureau of Economic Analysis.
Take a bow, dancers, art teachers, and museum guides: The roles you and others play in the U.S. economy will be in the spotlight March 19.
That’s when the Bureau of Economic Analysis will release its annual statistics on the economic impact of arts and cultural activities. The data will… Read More
The Bureau of Economic Analysis has completed its comprehensive update of state and local area personal income statistics, some reaching back as far as 1929.
Comprehensive, or benchmark, updates are performed approximately every five years. They provide the opportunity to incorporate… Read More
The U.S. international trade deficit increased in 2018, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $552.3 billion in 2017 to $621.0 billion in 2018, as imports increased more than exports. As a percentage of U.S. gross domestic… Read More
The U.S. monthly international trade deficit increased in December 2018, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $50.3 billion in November (revised) to $59.8 billion in December, as imports increased and exports decreased. The… Read More
The Bureau of Economic Analysis plans to produce new economic data for Puerto Rico this year that could lay the groundwork for later estimating the island’s gross domestic product.
BEA plans to develop and publish later this year estimates for specific components that would feed into… Read More
Personal income decreased 0.1 percent in January after increasing 1.0 percent in December, the largest increase since December 2012. Wages and salaries, the largest component of personal income, increased 0.3 percent in January after increasing 0.5 percent in December.
Statistics on consumer spending in January, also known as personal consumption expenditures, have been rescheduled for release March 29 because of the effects of the temporary lapse in federal funding.
The U.S. Bureau of Economic Analysis typically releases each month’s personal income… Read More
Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2018, according to the “initial” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
Fourth-quarter GDP highlights
The increase… Read More