The BEA Wire | BEA's Official Blog

The percent change in real metropolitan area personal income ranged from 7.6 percent in Hanford-Corcoran, CA, to –3.2 percent in Panama City, FL, and Wheeling, WV-OH.

The percent change in real state personal income ranged from 4.1 percent in Maine to 0.7 percent in Hawaii, Wyoming, and Rhode Island.

The estimates of gross domestic product for American Samoa show that real GDP—GDP adjusted to remove price changes—decreased 1.4 percent in 2019.

Real gross domestic product (GDP) increased in 2,484 counties, decreased in 612 counties, and was unchanged in 17 counties in 2019. The percent change in real GDP ranged from 62.5 percent in Greensville + Emporia, VA, to –34.2 percent in Jackson County, WV.

The U.S. monthly international trade deficit increased in October 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $62.1 billion in September (revised) to $63.1 billion in October, as imports increased more than exports.

Personal income decreased 0.7 percent while consumer spending increased 0.5 percent in October as federal economic recovery payments and pandemic-related assistance programs continued to wind down.

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19.

In 2019, personal income increased in 2,964 counties, decreased in 139, and was unchanged in 10. Personal income increased 4.0 percent in the metropolitan portion of the United States and increased 3.5 percent in the nonmetropolitan portion.

Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.8 million workers in the United States in 2018, a 1.9 percent increase from 7.7 million in 2017, according to the Bureau of Economic Analysis.

The new U.S. data show that the outdoor recreation economy accounted for 2.1 percent ($459.8 billion) of current-dollar gross domestic product (GDP) for the nation in 2019.

The U.S. monthly international trade deficit decreased in September 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $67.0 billion in August (revised) to $63.9 billion in September, as exports increased more than imports.

Personal income increased 0.9 percent while consumer spending increased 1.4 percent in September, according to estimates released today by the Bureau of Economic Analysis.