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National

Personal Income and Outlays, March 2022

April 29, 2022

Personal income increased $107.2 billion, or 0.5 percent at a monthly rate, while consumer spending increased $185.0 billion, or 1.1 percent, in March. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.2 percent in March, compared with 6.8 percent in February.

  • Read more about Personal Income and Outlays, March 2022

National Statistics Return to Normal Timetable in April

April 2, 2019

By the end of April, key national economic indicators will be on their original 2019 schedule, as the Bureau of Economic Analysis’ timetable of releases continues to recover from disruptions earlier in the year.

The advance, or first, estimate of gross domestic product for the first quarter will be released April 26 at 8:30 a.m., in accordance with BEA’s original calendar. The second and third estimates of first quarter GDP also are back on their original schedule.

The rest of BEA’s national statistics will catch up when data on personal income and consumer spending are released in late April.

  • Read more about National Statistics Return to Normal Timetable in April

Arts and Culture Economy Grows 2.9 Percent in 2016

March 19, 2019

Arts and cultural economic activity grew at an inflation-adjusted 2.9 percent in 2016, increasing faster than the nation’s economy overall. For comparison, U.S. gross domestic product, or GDP, rose 1.6 percent that year.

Among state economies, Nevada posted the fastest arts and culture increase at 14.7 percent (not adjusted for inflation). Performing arts promoters and the movie industry led Nevada’s growth. The District of Columbia and all other states except Louisiana also saw increases in nominal value added; Louisiana’s arts and culture economy declined 13.1 percent.

  • Read more about Arts and Culture Economy Grows 2.9 Percent in 2016

Coming Soon: Arts and Culture Statistics for the U.S. and States

March 13, 2019

Take a bow, dancers, art teachers, and museum guides: The roles you and others play in the U.S. economy will be in the spotlight March 19.

That’s when the Bureau of Economic Analysis will release its annual statistics on the economic impact of arts and cultural activities. The data will highlight the sector’s contributions to the gross domestic product, or GDP, of the United States, each of the 50 states, and the District of Columbia.

  • Read more about Coming Soon: Arts and Culture Statistics for the U.S. and States

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