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).

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.

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.

Personal Income Increases in June

Personal income increased 0.3 percent in June after increasing 0.4 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.3 percent in May.

New Detail Available on Direct Investment for 2009–2012

Interested in learning about foreign direct investment in the U.S. advertising industry?  Or in U.S. direct investment in Vietnam?  The U.S.

GDP Growth Accelerates in Second Quarter

Real gross domestic product (GDP) increased 1.7 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “advance” estimate released today by the Bureau of Economic Analysis (BEA).

Changes to How the U.S. Economy is Measured Roll Out July 31

A pharmaceutical company develops a new cancer drug.

Comprehensive Revisions to NIPA: Reconsidering Treatment of R&D and Entertainment

The Bureau of Economic Analysis (BEA) will release its comprehensive revision of the National Income and Product Accounts (NIPAs) next week.

Want to Learn More About U.S. Trade Statistics? Check out BEA's and Census' July 25 Webinar

Do you want to have a deeper understanding of how monthly trade statistics are compiled and how trade between the United States and other countries is measured? Then join the U.S. Bureau of Economic Analysis (BEA) and the U.S. Census Bureau for a July 25 webinar deciphering the U.S.

Want to Build Apps Using BEA Economic Data? BEA Launches API

Developers, are you looking for a way to bring some of the most closely watched economic data into your next app? You can now build apps using BEA economic statistics, thanks to BEA’s new application programming interface (API).

Revising Economic Indicators: Here's Why the Numbers Can Change

Once every 5 years, the U.S. Bureau of Economic Analysis produces a “comprehensive” revision to its gross domestic product (GDP) statistics, incorporating changes to how the U.S. economy is measured as well as more complete source data all the way back to 1929. This year is one of those years.

May 2013 Trade Gap is $45.0 Billion

The U.S. monthly international trade deficit increased in May 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.1 billion in April (revised) to $45.0 billion in May as exports decreased and imports increased.