July 2016 Trade Gap is $39.5 Billion

The U.S. monthly international trade deficit decreased in July 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.7 billion in June (revised) to $39.5 billion in July, as exports increased and imports decreased.

Spending on Durable Goods Rises in July

Personal income increased 0.4 percent in July after increasing 0.3 percent in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June.

Gross Domestic Product Second Quarter of 2016 (Second Estimate)

Real gross domestic product (GDP) increased 1.1 percent in the second quarter of 2016, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point less than the “advance” estimate released in July.

Statistics on U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2014; Data for 2013 Updated

New statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis.

American Samoa economy grows 1.1 percent in 2015

Estimates of gross domestic product for American Samoa sh

Bureau of Economic Analysis Releases 2015 GDP Data for American Samoa Territory Now Has GDP Data Spanning 14 Years Beginning in 2002

This is a guest blog by the Department of Interior

Assistant Secretary for Insular Areas Esther Kia’aina  announced today that the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has released gross domestic product (GDP) data for 2015 for American Samoa.

June 2016 Trade Gap is $44.5 Billion

The U.S. monthly international trade deficit increased in June 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.0 billion in May (revised) to $44.5 billion in June, as imports increased more than exports.

Consumer Spending on Durable Goods Rises in June

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

GDP Increases in Second Quarter

Real gross domestic product (GDP) increased 1.2 percent in the second quarter of 2016, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 percent (revised).

Gross Domestic Product by State: First Quarter 2016

Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the first quarter of 2016, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis.  Real GDP by state growth, at an annual rate, ranged from 3.9