State

The new U.S. data show that the outdoor recreation economy accounted for 1.8 percent ($374.3 billion) of current-dollar gross domestic product for the nation in 2020. At the state level, outdoor recreation value added as a share of state GDP ranged from 4.3 percent in Montana to 1.2 percent in New York and Connecticut. The share was 0.8 percent in the District of Columbia. Outdoor recreation estimates were impacted by the response to the spread of COVID-19, as governments issued and lifted "stay-at-home" orders. This led to rapid changes in demand as consumers canceled, restricted, or redirected their spending.

State personal consumption expenditures (PCE) decreased 2.6 percent in 2020 after increasing 3.7 percent in 2019. The percent change in PCE across all 50 states and the District of Columbia ranged from 1.2 percent in Idaho and Utah to –5.8 percent in the District of Columbia. The PCE by state estimates were impacted by the response to the spread of COVID-19, as governments issued and lifted "stay-at-home" orders. This led to rapid changes in demand and consumers canceled, restricted, or redirected their spending.

How would expanding a community college, building a new factory, or increasing government spending on roads impact your local economy? BEA has a tool that can help answer questions like these.

Local planners, businesspeople, and policymakers use the Regional Input-Output Modeling System to predict the potential economic impacts of a variety of projects and events, even natural disasters like hurricanes. The modeling system, known as RIMS II, was updated March 30 with BEA’s 2019 regional data. 

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4.3 percent. The percent change in real GDP in the fourth quarter ranged from 9.9 percent in South Dakota to 1.2 percent in the District of Columbia.

State personal income increased 3.8 percent at an annual rate in the third quarter of 2019, a deceleration from the 4.4 percent increase in the second quarter. The percent change in personal income across all states ranged from 15.2 percent in South Dakota to 1.9 percent in West Virginia and Wyoming.

The first official economic growth statistics for all U.S. counties show which industries contributed to growth from region to region and in counties large, medium, and small across the nation.  

These new Bureau of Economic Analysis statistics feature every county's gross domestic product – the value of goods and services produced within the county – and how much the inflation-adjusted GDP grew or decreased from the previous year. The statistics, for 2001 through 2018, also show industries' contributions to the change in each county's GDP.;

The percent change in real state personal income ranged from 4.5 percent in New York to -1.3 percent in North Dakota.

State personal income increased 4.5 percent in 2018, after increasing 4.4 percent in 2017. In 2018, personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.8 percent in Washington to 2.9 percent in Hawaii.

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.

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.

The arts and cultural economy includes theater, music, writing, visual arts, design, museums, historic sites, natural parks, and more, as well as supporting industries such as broadcasting, filmmaking, and publishing.