The outdoor recreation economy accounted for 2.2 percent of current-dollar GDP in 2016, or $412 billion, updated statistics from the Outdoor Recreation Satellite Account show. In data produced for the first time, using inflation-adjusted GDP, the outdoor recreation economy grew 1.7 percent in… Read More
The BEA Wire | BEA's Official Blog
The U.S. current-account deficit decreased to $101.5 billion (preliminary) in the second quarter of 2018 from $121.7 billion (revised) in the first quarter of 2018. As a percentage of U.S. GDP, the deficit decreased to 2.0 percent from 2.4 percent. The previously published current-account… Read More
BEA’s first-ever measurement of the economic power of outdoor recreation, released in February, found that the industry’s contribution to the U.S. economy in 2016 was bigger than other industries like legal services or publishing. Soon people will learn even more about the economic value of… Read More
The U.S. monthly international trade deficit increased in July 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.7 billion in June (revised) to $50.1 billion in July, as exports decreased and imports increased. The previously… Read More
Personal income increased 0.3 percent in July after increasing 0.4 percent in June. Wages and salaries, the largest component of personal income,increased 0.4 percent in July, the same increase as in June.
Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP… Read More
BEA will soon be mailing delinquency letters to businesses and others that have not submitted their responses to the 2017 BE-120 survey, the Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons.
The Bureau of Economic Analysis released estimates of gross domestic product for American Samoa for 2017, in addition to estimates of GDP by industry and compensation by industry for 2016. These estimates were developed under the Statistical Improvement Program funded by the Office of Insular… Read More
Worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.3 million workers (preliminary) in 2016 from 42.1 million (revised) in 2015.