Real GDP increased 2.6 percent after increasing 1.2 percent in the first quarter of 2017. The second-quarter increase reflected contributions from consumer spending, business investment, exports, and federal government spending.
Details of the annual update, which incorporated newly available and revised source data as well as new methods and presentations.
The current-dollar value added of these foreign multinational enterprises increased 1.2 percent in 2015 to $894.5 billion. Employment by majority-owned affiliates increased 3.1 percent to 6.8 million workers.
Spending by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $373.4 billion in 2016, down from $439.6 billion in 2015. Employment at these businesses was 480,800 workers, down from 483,800 in 2015.
A presentation of price-adjusted estimates of personal income. The price adjustments are based partly on regional price parities, which measure differences in price levels across states and metropolitan areas relative to the national price level.
Real GDP increased in 43 states and the District of Columbia. Real GDP growth ranged from 3.9 percent in Texas to –4.0 percent in Nebraska.