GDP Increases in Third Quarter

Real gross domestic product (GDP) increased 3.2 percent in the third quarter of 2016, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “advance” estimate released in October. In the second quarter, real GDP rose 1.4 percent.

New Guidance Materials for Private Funds Now Available

The Bureau of Economic Analysis and the Treasury Department are preparing to implement a change in early 2017 that will simplify how certain cross-border investments by or into private funds are reported on BEA surveys of direct investment and the Treasury International Capital, or TIC, surveys of portfolio investment.

Local Area Personal Income: 2015

Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion. Personal income growth in 2015 ranged from -30.3 percent in Sully County, South Dakota to 35.0 percent in Loving County, Texas.

Detailed Data on the Global Activities of U.S. Multinational Enterprises Coming out Dec. 16

Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2014, including the finances and operations of U.S. parent companies and their foreign affiliates, will be available from the U.S. Bureau of Economic Analysis on Dec. 16.

BEA Unveiling New Data Tool Aimed at Faster Access to Economic Statistics in United States, Europe

In a show of collaboration between the United States and Europe, BEA is unveiling a new data tool that aims to make it easier to access, compare and visualize economic data between the two regions.

Spending on Treatment for Diseases and Medical Conditions

New! 2013 Data Available.

More medical conditions and price index data available at http://www.bea.gov/national/health_care_satellite_account.htm

September 2016 Trade Gap is $36.4 Billion

The U.S. monthly international trade deficit decreased in September 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $40.5 billion in August (revised) to $36.4 billion in September, as exports increased and imports decreased. The previously published August deficit was $40.7 billion. The goods deficit decreased $2.6 billion in September to $57.5 billion. The services surplus…

Gross Domestic Product by Industry: Second Quarter 2016 Annual Update: 2013 through First Quarter 2016

Transportation and warehousing; health care and social assistance; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2016. Overall, 15 of 22 industry groups contributed to the 1.4 percent increase in real GDP in the second quarter.

BEA Releases New Batch of Health Care Statistics

The Bureau of Economic Analysis released a fresh set of statistics Wednesday detailing how much the United States spends to treat different diseases and medical conditions.

The numbers, which cover 2013, offer new insights into health care, which accounts for more than 17 percent of the U.S. economy.

Consumer Spending Rises in September

Personal income increased 0.3 percent in September after increasing 0.2 percent in August. Wages and salaries, the largest component of personal income, increased 0.3 percent in September after increasing 0.1 percent in August.

GDP Increases in Third Quarter

Real gross domestic product (GDP) increased 2.9 percent in the third quarter of 2016, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP rose 1.4 percent.

Learn How BEA's Regional Statistics are Used to Distribute Federal Funds to State and Local Governments

Did you know that each year BEA regional economic statistics, such as annual personal income and per capita personal income are used to allocate billions of dollars in federal funds to states and local governments?  In fiscal year 2015, nearly $400 billion in federal funds were distributed under programs using BEA statistics in federal funding formulas.