What is the U.S. Financial Account?

The U.S. financial account is a key component of the Bureau of Economic Analysis’ international transactions accounts (ITAs). The financial account presents the cross-border flows of funds generated by international financial activity. Cross-border flows of funds can be large and…

U.S. Virgin Islands' Economy Grew 2.9 Percent in 2010

The economy of the U.S. Virgin Islands returned to growth in 2010, expanding 2.9 percent, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in the trade surplus, government spending, and construction.…

BEA Regional Data Used to Distribute Federal Funds to State, Local Governments

Did you know that Bureau of Economic Analysis (BEA) regional economic statistics, such as the annual state personal income statistics released September 25, 2012, are used to allocate billions of dollars in federal funds to state and local governments?

In fiscal year 2011, more than $339…

August 2012 Trade Gap is $44.2 Billion

The U.S. monthly international trade deficit increased in August 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion (revised) in July to $44.2 billion in August, as exports decreased more than imports. The previously…

BEA Updates Tool Used by Investors, Planners; Here's How RIMS II Works

The Bureau of Economic Analysis (BEA) updated its Regional Input-Output Modeling System (RIMS II), a tool used by investors, regional planners, and government officials to gauge the impact of a change in economic activity on a local community or a particular region of the country. The update…

Real Consumer Spending Slows in August

Personal income increased 0.1 percent in August, the same increase as in July.

Wages and salaries, the largest component of personal income, increased 0.1 percent in August after increasing 0.1 percent in July. Government social benefits to persons turned…

GDP Growth Slows in Second Quarter

Real gross domestic product (GDP) rose 1.3 percent in the second quarter of 2012 after rising 2.0 percent in the first quarter, according to the third estimate released today by the Bureau of Economic Analysis. The second quarter growth rate was revised down from the second estimate released in…

State Personal Income: Second Quarter 2012

State personal income growth slowed to 1.0 percent in the second quarter of 2012 from 1.7 percent in the first quarter. Growth slowed in 39 states plus the District of Columbia, accelerated in 10, and was unchanged in Nevada. Personal income growth ranged from 2.1 percent in North Dakota to…

Guam's Economy Grew 1.2 Percent in 2010

The economy of Guam grew 1.2 percent in 2010, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial and federal government spending, along with a shrinking territorial trade deficit.

Travel and Tourism Spending Increases

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S. gross…

U.S. Current-Account Deficit Decreases in Second Quarter 2012

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S. gross…

Northern Mariana Islands' Economy Grew in 2010

The economy of the Commonwealth of the Northern Mariana Islands (CNMI) grew 2.3 percent in 2010, according to new estimates from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial government spending, consumer…