GDP Increases in Third Quarter

Real gross domestic product (GDP) increased 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent.

Gross Domestic Product by Industry: Second Quarter 2019

Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019.

Prototype Economic Statistics for Puerto Rico Now Available

Today, the Bureau of Economic Analysis released prototype statistics for personal consumption expenditures, private fixed investment, and net exports of goods for Puerto Rico. These annual statistics cover the time period from 2012 to 2017.

Guam GDP Decreases 0.3 Percent in 2018

The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—decreased 0.3 percent in 2018 after increasing 0.2 percent in 2017.

August 2019 Trade Gap is $54.9 Billion

The U.S. monthly international trade deficit increased in August 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.0 billion in July (revised) to $54.9 billion in August, as imports increased more than exports.

Personal Consumption Expenditures by State, 2018

State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia.

U.S. International Investment Position Second Quarter 2019

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA).

Real Disposable Personal Income Rises in August

Personal income increased 0.4 percent in August after increasing 0.1 percent in July. Wages and salaries, the largest component of personal income, increased 0.6 percent in August after increasing 0.2 percent in July.  

GDP Increases in Second Quarter

Real gross domestic product (GDP) increased 2.0 percent in the second quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was the same as in the “second” estimate released in August. In the first quarter, real GDP rose 3.1 percent.

State Personal Income, Second Quarter 2019

State personal income increased 5.4 percent at an annual rate in the second quarter of 2019, a deceleration from the 6.2 percent increase in the first quarter. The percent change in personal income across all states ranged from 7.5 percent in Texas to unchanged in North Dakota.

Prototype Stats Show Each State's Outdoor Recreation Economy

New prototype outdoor recreation statistics show state value added, compensation, and employment for all 50 states and the District of Columbia.

U.S. Current Account Deficit Narrows in Second Quarter 2019

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, narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019.