U.S. Bureau of Economic Analysis

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands, 2021 and 2022

Thu, 21 Nov 2024 18:00:00 EST

Real gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands increased 16.7 percent in 2022 and 5.1 percent in 2021 after decreasing 29.1 percent in 2020. The growth in real GDP from 2021 to 2022 reflected increases in exports, government spending, and private fixed investment. These increases were partly offset by a decrease in personal consumption expenditures. Imports, a subtraction item in the calculation of GDP, increased. Full Text

Outdoor Recreation Satellite Account, U.S. and States, 2023

Wed, 20 Nov 2024 10:00:00 EST

The U.S. Bureau of Economic Analysis released statistics today measuring the outdoor recreation economy for the nation, all 50 states, and the District of Columbia. The new U.S. data show that the value added of the outdoor recreation economy accounted for 2.3 percent ($639.5 billion) of current-dollar gross domestic product (GDP) for the nation in 2023. At the state level, value added for outdoor recreation as a share of state GDP ranged from 6.3 percent in Hawaii to 1.6 percent in Delaware, Connecticut, and New York. The share was 0.8 percent in the District of Columbia. Full Text

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2022

Fri, 15 Nov 2024 08:30:00 EST

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.35 million workers in the United States in 2022, a 6.8 percent increase from 7.82 million workers in 2021, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2022. Full Text

Personal Income by County and Metropolitan Area, 2023

Thu, 14 Nov 2024 08:30:00 EST

In 2023, personal income, in current dollars, increased in 2,814 counties, decreased in 295, and was unchanged in five counties in 2023. Personal income increased 6.0 percent in the metropolitan portion of the United States and 4.7 percent in the nonmetropolitan portion. Full Text

U.S. International Trade in Goods and Services, September 2024

Tue, 05 Nov 2024 08:30:00 EST

The U.S. monthly international trade deficit increased in September 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.8 billion in August (revised) to $84.4 billion in September, as exports decreased and imports increased. The goods deficit increased $14.2 billion in September to $109.0 billion. The services surplus increased $0.6 billion in September to $24.6 billion. Full Text

Personal Income and Outlays, September 2024

Thu, 31 Oct 2024 08:30:00 EDT

Personal income increased $71.6 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)-personal income less personal current taxes-increased $57.4 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $106.3 billion (0.5 percent) and consumer spending increased $105.8 billion (0.5 percent). Personal saving was $1.00 trillion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.6 percent in September. Full Text

Gross Domestic Product, Third Quarter 2024 (Advance Estimate)

Wed, 30 Oct 2024 08:30:00 EDT

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the "advance" estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

Personal Consumption Expenditures by State, 2023

Thu, 03 Oct 2024 08:30:00 EDT

Personal consumption expenditures (PCE) increased in all 50 states and the District of Columbia in 2023. The percent change ranged from 8.1 percent in Florida to 4.7 percent in Iowa. Nationally, current-dollar PCE increased 6.4 percent in 2023 after increasing 9.8 percent in 2022. Full Text

Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2024

Fri, 27 September 2024 10:00:00 EDT

Real gross domestic product increased in 49 states and the District of Columbia in the second quarter of 2024, with the percent change ranging from 5.9 percent at an annual rate in Idaho to -1.1 percent in Alaska. Personal income, in current dollars, increased in all 50 states and the District of Columbia, with the percent change ranging from 6.9 percent at an annual rate in South Carolina to 2.3 percent in North Dakota. Full Text

U.S. International Investment Position, 2nd Quarter 2024

Wed, 25 Sep 2024 08:30:00 EDT

The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$22.52 trillion at the end of the second quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $36.00 trillion, and liabilities were $58.52 trillion. At the end of the first quarter, the net investment position was -$21.29 trillion (revised). Full Text

U.S. International Transactions, 2nd Quarter 2024

Thu, 19 Sep 2024 08:30:00 EDT

The U.S. current-account deficit widened by $25.8 billion, or 10.7 percent, to $266.8 billion in the second quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $241.0 billion. The second-quarter deficit was 3.7 percent of current-dollar gross domestic product, up from 3.4 percent in the first quarter. Full Text

Activities of U.S. Multinational Enterprises, 2022

Fri, 23 Aug 2024 08:30:00 EDT

Worldwide employment by U.S. multinational enterprises increased 2.2 percent to 44.3 million workers in 2022 (preliminary) from 43.3 million workers in 2021 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates. Full Text

Gross Domestic Product for Puerto Rico, 2022

Wed, 31 Jul 2024 10:00:00 EDT

Real gross domestic product (GDP) for Puerto Rico decreased 2.5 percent in 2022 after increasing 4.1 percent in 2021. The decrease in real GDP in 2022 reflected an increase in imports-which are a subtraction item in the calculation of GDP-as well as decreases in private fixed investment and exports. Personal consumption expenditures, private inventory investment, and government spending increased. Full Text En espanol

Direct Investment by Country and Industry, 2023

Tue, 23 Jul 2024 08:30:00 EDT

The U.S. direct investment abroad position, or cumulative level of investment, increased $364.0 billion to $6.68 trillion at the end of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $147.1 billion increase in the position in Europe, primarily in Ireland, Switzerland, and the Netherlands. By industry, holding company affiliates had the largest increase. The foreign direct investment in the United States position increased $227.0 billion to $5.39 trillion at the end of 2023. The increase mainly reflected a $96.0 billion increase in the position from Canada and an $86.1 billion increase from Europe, primarily a $58.9 billion increase from Germany. By industry, affiliates in manufacturing increased the most, increasing $58.6 billion to a total investment position of $2.22 trillion. Full Text

New Foreign Direct Investment in the United States, 2023

Fri, 12 Jul 2024 08:30:00 EDT

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023, according to preliminary statistics released today by the U.S. Bureau of Economic Analysis. Expenditures decreased $57.4 billion, or 28 percent, from $206.2 billion (revised) in 2022 and were below the annual average of $265.6 billion for 2014-2022. As in previous years, acquisitions of existing U.S. businesses accounted for most of the expenditures. Full Text

Gross Domestic Product for the U.S. Virgin Islands, 2022

Mon, 17 Jun 2024 10:00:00 EDT

Real gross domestic product (GDP) for the U.S. Virgin Islands decreased 1.3 percent in 2022 after increasing 3.7 percent in 2021. The decrease in real GDP reflected declines in exports, private fixed investment, government spending, and personal consumption expenditures that were partly offset by an increase in inventory investment. Imports, a subtraction item in the calculation of GDP, decreased. Full Text

Marine Economy Satellite Account, 2022

Thu, 06 Jun 2024 10:00:00 EDT

The Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show the marine economy accounted for $476.2 billion, or 1.8 percent, of current-dollar U.S. gross domestic product (GDP) in 2022, an increase from $424.2 billion, or 1.8 percent, in 2021. The marine economy accounted for 1.7 percent, or $776.9 billion, of current-dollar gross output. Full Text

Gross Domestic Product for Guam, 2022

Mon, 15 Apr 2024 19:00:00 EDT

Real gross domestic product (GDP) for Guam increased 5.1 percent in 2022 after increasing 2.1 percent in 2021. The increase in real GDP reflected increases in exports, private fixed investment, government spending, and personal consumption expenditures. Imports, a subtraction item in the calculation of GDP, increased. Full Text

Arts and Cultural Production Satellite Account, U.S. and States, 2022

Mon, 25 Mar 2024 10:00:00 EDT

The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 4.8 percent in 2022 after increasing 10.8 percent in 2021. By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 1.9 percent in 2022 after increasing 5.8 percent in 2021. Arts and cultural economic activity accounted for 4.3 percent of GDP, or $1.10 trillion, in 2022. Full Text

Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2022

Thu, 14 Dec 2023 08:30:00 EST

Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to -3.2 percent in New Hampshire. Full Text

Gross Domestic Product by County and Metropolitan Area, 2022

Thu, 07 Dec 2023 08:30:00 EST

In 2022, real gross domestic product (GDP) increased in 1,780 counties, decreased in 1,296 counties, and was unchanged in 38 counties. The percent change in real GDP ranged from 71.1 percent in Chouteau County, MT, to -57.6 percent in Kiowa County, CO. Full Text

Gross Domestic Product by State, 2nd Quarter 2023 and Comprehensive Update

Tue, 05 Dec 2023 10:00:00 EST

Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 8.7 percent in Wyoming to -1.9 percent in Vermont. Full Text

Gross Domestic Product by Industry, 2nd Quarter 2023 and Comprehensive Update

Tue, 05 Dec 2023 08:30:00 EST

In the second quarter, the value added of private goods-producing industries increased 7.7 percent, private services-producing industries increased 1.0 percent, and government increased 1.0 percent. Overall, 13 of 22 industry groups contributed to the 2.1 percent increase in second-quarter real GDP. Full Text

Gross Domestic Product for American Samoa, 2022

Fri, 20 Oct 2023 15:30:00 EDT

Real gross domestic product (GDP) for American Samoa increased 1.8 percent in 2022 after decreasing 0.8 percent in 2021. The increase in real GDP reflected increases in government spending and exports. Personal consumption expenditures, private fixed investment, and private inventory investment subtracted from growth. Imports, a subtraction item in the calculation of GDP, also decreased. Full Text

Personal Income by State, 2nd Quarter 2023

Fri, 29 Sep 2023 10:00:00 EDT

Personal income, in current dollars, increased in 49 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 6.1 percent in New York and the District of Columbia to -2.7 percent in Maine. Full Text

Gross Domestic Product by County, 2021

Thu, 08 Dec 2022 08:30:00 EST

Real gross domestic product (GDP) increased in 2,404 counties, decreased in 691 counties, and was unchanged in 17 counties in 2021. The percent change in real GDP ranged from 81.8 percent in Coke County, TX, to -34.8 percent in Chouteau County, MT. Full Text

Real Personal Consumption Expenditures and Personal Income by State, 2020

Tue, 14 Dec 2021 08:30:00 EST

Today, the U.S Bureau of Economic Analysis (BEA) released official statistics of real state personal consumption expenditures (PCE) for the first time. Real PCE decreased 3.8 percent in 2020 for the nation. Across states, the percent change ranged from 2.2 percent in Utah to -7.0 percent in Hawaii, Maryland, and New York; the percent change was -8.9 percent in the District of Columbia. Real state PCE is a state's current-dollar PCE adjusted by the state's regional price parity and the national PCE price index. Full Text

Gross Domestic Product for the CNMI, 2019

Tue, 06 Apr 2021 19:00:00 EDT

The estimates of GDP for the CNMI show that real GDP-GDP adjusted to remove price changes-decreased 11.2 percent in 2019 after decreasing 19.3 percent in 2018. This release also includes the results of a comprehensive update of the territorial economic accounts. Full Text

Real Personal Income by State and Metropolitan Area, 2019

Tue, 15 Dec 2020 08:30:00 EST

Real state personal income grew 2.4 percent in 2019 after increasing 3.1 percent in 2018, according to estimates released today by the Bureau of Economic Analysis (BEA). Real state personal income is a state's current-dollar personal income adjusted by the state's regional price parity and the national personal consumption expenditures price index. The percent change in real state personal income ranged from 4.1 percent in Maine to 0.7 percent in Hawaii, Wyoming, and Rhode Island. Across metropolitan areas, the percent change ranged from 7.6 percent in Hanford-Corcoran, CA, to -3.2 percent in Panama City, FL, and Wheeling, WV-OH. Full Text

Personal Income by State, 2nd Quarter 2020 and Year 2019

Thu, 24 Sep 2020 08:30:00 EDT

State personal income increased 34.2 percent at an annual rate in the second quarter of 2020, an acceleration from the 4.1 percent increases in the first quarter. Personal income increased in every state and the District of Columbia ranging from 15.3 percent in the District of Columbia to 76.3 percent in Massachusetts. Full Text

State Quarterly Personal Income, 3rd quarter 2019

Wed, 18 Dec 2019 08:30:00 EST

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. Full Text

Local Area Gross Domestic Product, 2018

Thu, 12 Dec 2019 08:30:00 EST

Real gross domestic product (GDP) increased in 2,375 counties, decreased in 717, and was unchanged in 21 in 2018, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). The percentage change in real GDP ranged from 86.5 percent in Jackson County, WV, to -44.0 percent in Grant County, ND. Full Text

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands (CNMI), 2018

Wed, 06 Nov 2019 19:00:00 EST

The estimates of GDP for the CNMI show that real GDP-GDP adjusted to remove price changes-decreased 19.6 percent in 2018 after increasing 25.5 percent in 2017 (see Table 1.3). For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017. Full Text

Gross Domestic Product for U.S. Virgin Islands (USVI), 2017

Mon, 17 Dec 2018 08:30:00 EST

The estimates of GDP for the USVI show that real GDP - GDP adjusted to remove price changes - decreased 1.7 percent in 2017 after increasing 0.9 percent in 2016. For comparison, real GDP for the United States (excluding the territories) increased 2.2 percent in 2017 after increasing 1.6 percent in 2016. Full Text

Foreign Direct Investment by Country and Industry, 2017

Mon, 30 Jul 2018 08:30:00 EDT

In 2017, the U.S. direct investment abroad position increased to $6,013.3 billion and the foreign direct investment in the United States position increased to $4,025.5 billion, according to statistics released by the Bureau of Economic Analysis (BEA). The increases were mainly due to increased investment with countries in Europe. Full Text

Travel and Tourism Satellite Accounts, 3rd quarter 2017

Wed, 13 Dec 2017 08:30:00 EST

Real spending (output) on travel and tourism accelerated in the third quarter of 2017, growing at an annual rate of 6.6 percent after increasing 6.0 percent (revised) in the second quarter, according to new statistics released by the Bureau of Economic Analysis. Real gross domestic product (GDP) for the nation also accelerated, increasing 3.3 percent in the third quarter (second estimate) after increasing 3.1 percent in the second quarter of 2017. Full Text

Gross Domestic Product by Metropolitan Area, 2016

Wed, 20 Sep 2017 08:30:00 EDT

Real gross domestic product (GDP) increased in 267 out of 382 metropolitan areas in 2016. Real GDP by metropolitan area growth ranged from 8.1 percent in Lake Charles, LA and Bend-Redmond, OR to -13.3 percent in Odessa, TX. Real GDP for U.S. metropolitan areas grew 1.7 percent in 2016, led by growth in professional and business services; information services; and finance, insurance, real estate, rental, and leasing. Full Text

Benchmark Input-Output Account of the U.S. Economy, 2007

Wed, 18 Dec 2013 10:30:00 EST

The Bureau of Economic Analysis (BEA) today released its 2007 Benchmark Input-Output (I-O) Account of the U.S. Economy. This widely used account--which provided the foundation for BEA's 2013 comprehensive revision of its gross domestic product (GDP) statistics--offers a comprehensive picture of the inner workings of the U.S. economy, showing production relationships among nearly 400 industries and commodities. Full Text

Summary Estimates for Multinational Companies, 2011

Thu, 18 Apr 2013 08:30:00 EDT

U.S. multinational companies: U.S. and foreign operations: Worldwide employment by U.S. multinational companies (MNCs) increased 1.5 percent in 2011 to 34.5 million workers, with the increase primarily reflecting increases abroad. Employment in the United States by majority-owned U.S. affiliates of foreign MNCs rose 3.3 percent in 2011, to 5.6 million workers, a rate of increase higher than the 1.8 percent increase in total U.S. private-industry employment in 2011. Full Text