Trade in Digitally Enabled Services Shows Strong Growth

U.S. trade in services enabled by digital technologies grew at a faster pace than trade in all other services in recent years, a new analysis by the Bureau of Economic Analysis (BEA) shows. Information and communications technologies (ICT) play an important role in cross-border trade in services… Read More

Learn More About the Ocean and Great Lakes Economy on BEA's New Web Portal

How many jobs are created from the construction of a new bridge or an increase in tourism?

The Bureau of Economic Analysis’ (BEA) new Web portal on the ocean and Great Lakes economy shows how the Bureau’s Regional Input-Output Modeling System (RIMS II) can be used to provide answers to… Read More

Real Consumer Spending Picks Up in July

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

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3… Read More

GDP Growth Slows in Second Quarter

Real gross domestic product (GDP) increased 1.7 percent in the second quarter of 2012 after increasing 2.0 percent in the first quarter, according to estimates released today by the Bureau of Economic Analysis. The second-quarter growth rate was revised up 0.2 percentage point from the advance… Read More

Strict Measures Taken to Ensure That Our Economic Measures Remain Secure

U.S. gross domestic product (GDP) is considered one of the United States’ most vital economic statistics. Each release of GDP by the U.S. Bureau of Economic Analysis (BEA) can have a significant impact on decisions made by government officials,… Read More

Personal Income: More Than Your Paycheck

When someone asks you what your income is, what do you tell them? Probably most of you would respond with the salary you earn from your job, right? Well, your income includes more than just that paycheck you receive every other week.

New Census Mobile App to Feature BEA Data

Want to keep tabs on the latest gross domestic product data while waiting for lunch? A new mobile app from the Census Bureau puts live access to key economic indicators at your fingertips. It’s the perfect tool for geeking out on the go.

June Trade Gap is $42.9 Billion

The U.S. monthly international trade deficit decreased in June 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.0 billion (revised) in May to $42.9 billion in June, as exports increased and imports decreased. The previously… Read More

Personal Income Picks Up in June

Personal income increased 0.5 percent in June after increasing 0.3 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.1 percent in May.

Current-dollar disposable personal income (DPI), after-tax income, increased… Read More

GDP Growth Moderates in Second Quarter

Real gross domestic product (GDP) rose 1.5 percent in the second quarter after rising 2.0 percent in the first quarter, according to the Bureau of Economic Analysis. According to the 2012 annual revision, the first-quarter growth rate was revised up 0.1 percentage point.

Real GDP… Read More

Revising Economic Indicators: Here's Why the Numbers Can Change

In late June, the Bureau of Economic Analysis (BEA) reported that the economy grew at a 1.9 percent annual rate in the first quarter of 2011. This, our third estimate for the quarter, turned out to be lower than our initial estimate of a 2.2 percent growth rate made in late April. When we… Read More

Quarterly GDP by Industry Data Improves Understanding of the Economy

In 2009, annual gross domestic product (GDP) for durable goods manufacturing showed a double-digit decline. The industry was the leading annual contributor to the bottoming out of the U.S. economy for that year. But looking at the results through a new experimental quarterlyRead More