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… Read More

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… Read More

U.S. Net International Investment Position Decreased in Fourth Quarter

The U.S. net international investment position decreased to −$7,845.8 billion (preliminary) at the end of the fourth quarter from −$7,739.7 billion (revised) at the end of the third quarter. The $106.1 billion decrease reflected net financial transactions of –$52.4 billion and net other changes… Read More

Personal Saving Increases in February

Personal income increased 0.4 percent in February, the same increase as in January. Wages and salaries, the largest component of personal income, increased 0.5 percent in February after increasing 0.6 percent in January.

GDP Increases in Fourth Quarter

Real gross domestic product (GDP) increased 2.9 percent in the fourth quarter of 2017, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

State Personal Income Rises in 2017

State personal income increased 3.1 percent on average in 2017, after increasing 2.3 percent in 2016. In 2017, personal income increased in all states and the District of Columbia except one, North Dakota. The percent change in personal income across all states ranged from 4.8 percent in… Read More

U.S. Current-Account Deficit Increases in Fourth Quarter 2017

The U.S. current-account deficit increased to $128.2 billion (preliminary) in the fourth quarter of 2017 from $101.5 billion (revised) in the third quarter of 2017. As a percentage of U.S. GDP, the deficit increased to 2.6 percent from 2.1 percent. The previously published current-account… Read More

Initial Estimates Show Digital Economy Accounted for 6.5 Percent of GDP in 2016

The Bureau of Economic Analysis released, for the first time, preliminary statistics and an accompanying report exploring the size and growth of the digital economy. Goods and services that are primarily digital accounted for 6.5 percent of the U.S. economy, or $1.2 trillion, in 2016, after a… Read More

Initial Statistics on the Size and Growth of the Digital Economy to be Released Thursday

The Bureau of Economic Analysis will release, for the first time, preliminary statistics and an accompanying report exploring the size and growth of the digital economy at 10:30 a.m. on Thursday, March 15.

The report will be available at BEA’s website, … Read More

BEA Works with Partners to Understand Differences in Bilateral Trade Statistics

Trade statistics produced by the Bureau of Economic Analysis provide policymakers and other stakeholders with critical information for understanding the role of the United States in the global economy. As the size and complexity of international transactions have increased, BEA is working on a… Read More