The BEA Wire | BEA's Official Blog

BEA on Track to Implement Third Phase to Combat Potential for Residual Seasonality in GDP

The U.S. Bureau of Economic Analysis is on track to soon implement the third phase of a three-pronged plan to mitigate any potential for residual seasonality in gross domestic product.  That’s when seasonal patterns remain in the data even after they are adjusted for seasonal variations.

BEA laid out the plan in 2016, after conducting a painstaking component-by-component review of some 2,000 nominal data series included in GDP to…

April 2018 Trade Gap is $46.2 Billion

The U.S. monthly international trade deficit decreased in April 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $47.2 billion in March (revised) to $46.2 billion in April, as exports increased and imports decreased. The previously published March deficit was $49.0 billion. The goods deficit decreased $1.0 billion in April to $68.3 billion. The services surplus decreased less than $0.1…

BEA Releases for the First Time Detailed Data on More than 200 Medical Conditions

The Bureau of Economic Analysis for the first time released statistics that provide information on how much Americans spend to treat more than 200 specific medical conditions, such as acute myocardial infarctions, chronic kidney disease, and osteoarthritis.

The new statistics, which cover the years 2000 through 2014, are part of BEA’s Health Care Satellite Account created in 2015. The project offers a new way of analyzing health care…

Real Disposable Personal Income Increases in April

Personal income increased 0.3 percent in April after increasing 0.2 percent in March. Wages and salaries, the largest component of personal income, increased 0.4 percent in April after increasing 0.2 percent in March.

GDP Increases in First Quarter

Real gross domestic product (GDP) increased 2.2 percent in the first quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point lower than the “advance” estimate released in April. In the fourth quarter of 2017, real GDP rose 2.9 percent.

Real Personal Income for States, 2016

The percent change in real state personal income ranged from 3.3 percent in Utah and Georgia to -3.6 percent in Wyoming. In the District of Columbia, real personal income grew 4.5 percent.

Gross Domestic Product (GDP) by State: Fourth Quarter 2017

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2017. The percent change in real GDP ranged from 5.2 percent in Texas to –1.3 percent in North Dakota.

March 2018 Trade Gap is $49.0 Billion

The U.S. monthly international trade deficit decreased in March 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $57.7 billion in February (revised) to $49.0 billion in March, as exports increased and imports decreased. The previously published February deficit was $57.6 billion. The goods deficit decreased $7.5 billion in March to $69.5 billion. The services surplus increased $1.3…

Real Consumer Spending Increases in March

Personal income increased 0.3 percent in March, the same increase as in February. Wages and salaries, the largest component of personal income, increased 0.2 percent in March after increasing 0.4 percent in February.

GDP Increases in First Quarter

Real gross domestic product (GDP) increased 2.3 percent in the first quarter of 2018, according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2017, real GDP increased 2.9 percent.

Gross Domestic Product by Industry: Fourth Quarter 2017

Durable goods manufacturing; construction; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2017. Overall, 16 of 22 industry groups contributed to the 2.9 percent increase in real GDP in the fourth quarter.

February 2018 Trade Gap is $57.6 Billion

The U.S. monthly international trade deficit increased in February 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $56.7 billion in January (revised) to $57.6 billion in February, as imports increased more than exports. The previously published January deficit was $56.6 billion. The goods deficit increased $0.3 billion in February to $77.0 billion. The services surplus decreased $0…