Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, First Quarter 2021

Real gross domestic product (GDP) increased at an annual rate of 6.4 percentin the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19pandemic.

U.S. Current Account Deficit Widens in First Quarter 2021

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $20.7 billion, or 11.8 percent, to $195.7 billion in the first quarter of 2021.

Personal Income by State, 1st Quarter 2021

State personal income increased 59.7 percent at an annual rate in the first quarter of 2021 after decreasing 3.9 percent in the fourth quarter of 2020.

Marine Economy Satellite Account, 2014-2019

The first official Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show that the marine economy accounted for 1.9 percent, or $397 billion, of current-dollar U.S. gross domestic product in 2019.

April 2021 Trade Gap is $68.9 Billion

The U.S. monthly international trade deficit decreased in April 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $75.0 billion in March (revised) to $68.9 billion in April, as exports increased and imports decreased.

Personal Income and Outlays, April 2021

Personal income decreased $3.21 trillion, or 13.1 percent at a monthly rate, while consumer spending increased $80.3 billion, or 0.5 percent, in April. Economic impact payments established by the American Rescue Plan Act, declined sharply in April.

Gross Domestic Product, First Quarter 2021 (Second Estimate) Corporate Profits, First Quarter 2021 (Preliminary Estimate)

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19pandemic.

Gross Domestic Product for the U.S. Virgin Islands (USVI), 2019

The estimates of GDP for the U.S. Virgin Islands show that real GDP—GDP adjusted to remove price changes— increased 2.2 percent in 2019 after increasing 1.6 percent in 2018.

BEA Updates Tool for Economic Impact Studies

How would expanding a community college, building a new factory, or increasing government spending on roads impact your local economy? BEA has a tool that can help answer questions like these.

March 2021 Trade Gap is $74.4 Billion

The U.S. monthly international trade deficit increased in March 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.5 billion in February (revised) to $74.4 billion in March, as imports increased more than exports.

Personal Income and Outlays, March 2021

Personal income increased $4.21 trillion, or 21.1 percent at a monthly rate, while consumer spending increased $616.0 billion, or 4.2 percent, in March. Economic impact payments established by the American Rescue Plan Act of 2021, which was enacted on March 11, 2021, were distributed.

Gross Domestic Product, First Quarter 2021

Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic.