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Personal Income and Outlays, May 2009
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Personal income increased $167.1 billion, or 1.4 percent, and disposable personal income (DPI)
increased $178.1 billion, or 1.6 percent, in May, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $25.1 billion, or 0.3 percent. In April, personal
income increased $78.3 billion, or 0.7 percent, DPI increased $140.0 billion, or 1.3 percent, and PCE
increased $1.0 billion, or less than 0.1 percent, based on revised estimates. The pattern of changes in
personal income and in DPI reflect, in part, the pattern of increased government social benefit payments
associated with the American Recovery and Reinvestment Act of 2009.
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U.S. Net International Investment Position at Yearend 2008
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The U.S. net international investment position at yearend 2008 was -$3,469.2
billion (preliminary), as the value of foreign investments in the United States
continued to exceed the value of U.S. investments abroad (table 1). At yearend
2007, the U.S. net international investment position was -$2,139.9 billion
(revised).
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Gross Domestic Product, 1st quarter 2009 (final) and Corporate Profits
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Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 5.5 percent in the first quarter of 2009,
(that is, from the fourth quarter to the first quarter), according to final estimates released by the
Bureau of Economic Analysis. In the fourth quarter, real GDP decreased 6.3 percent.
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State Quarterly Personal Income, 1st quarter 2008-1st quarter 2009
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U.S. personal income continued to decline in the first quarter of 2009, falling 0.5 percent and encompassing 37 states. In the fourth quarter of 2008, U.S. personal income fell 0.4 percent.
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Foreign Investors Spending, 2008
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Outlays by foreign direct investors to acquire or establish U.S. businesses increased 3 percent in 2008, to $260.4 billion. Outlays in 2008 were the third-largest on record and the sixth consecutive increase since a falloff in outlays in 2001-2002.
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Gross Domestic Product by State, advance 2008 and revised 2005-2007
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Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 5.7 percent in the first quarter of 2009, (that is, from the fourth quarter to the first quarter), according to preliminary estimates released by the Bureau of Economic Analysis. In the fourth quarter, real GDP decreased 6.3 percent.
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Personal Income and Outlays, April 2009
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Personal income increased $58.2 billion, or 0.5 percent, and disposable personal income (DPI)
increased $121.8 billion, or 1.1 percent, in?April, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) decreased $5.4 billion, or 0.1 percent. In March,
personal income decreased $25.9 billion, or 0.2 percent, DPI increased $8.2 billion, or 0.1
percent, and PCE decreased $33.0 billion, or 0.3 percent, based on revised estimates. The pattern of
changes in income reflect, in part, the pattern of reduced personal current taxes and increased
government social benefit payments associated with the American Recovery and Reinvestment Act of 2009.
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U.S. International Trade in Goods and Services, March 2009
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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the
Department of Commerce, announced today that total March exports of $123.6
billion and imports of $151.2 billion resulted in a goods and services deficit
of $27.6 billion, up from $26.1 billion in February, revised. March exports
were $3.0 billion less than February exports of $126.6 billion. March imports
were $1.6 billion less than February imports of $152.8 billion.
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Advance Gross Domestic Product by Industry, 2008
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Downturns in manufacturing, retail trade, and finance and insurance industries were the leading contributors to the slowdown in U.S. economic growth in 2008, according to preliminary statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. The economic slowdown was widespread: nearly two-thirds of private industries contributed to the deceleration in real GDP growth.
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Local Area Personal Income, 2007
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Today, the Bureau of Economic Analysis (BEA) released estimates of personal income at the county level for 2007 based on newly available source data. The percent change from 2006 to 2007 in county personal income ranged from -11 percent in McPherson County, Nebraska to 88 percent in Campbell County, South Dakota. For the nation, personal income grew 6.0 percent. A surge in farm income accounted for the bulk of the growth in 29 of the 31 fastest growing counties (the top 1 percent of the nation's counties) as they rebounded from sharp declines in farm income in 2006. Get more information on this topic by clicking on the link.
U.S. Travel and Tourism Satellite Accounts: Fourth Quarter 2008
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Current-dollar spending on travel and tourism (spending not adjusted for price changes) declined at an annual rate of 22.2 percent in 2008:4 after increasing 1.3 percent (revised) in 2008:3. Travel and tourism prices turned down sharply, declining 16.0 percent in 2008:4 following an 11.6 percent (revised) increase in 2008:3. As a result, real spending (spending adjusted for price changes) declined 7.2 percent in 2008:4 after decreasing 9.2 percent (revised) in 2008:3. For the year 2008, real travel and tourism spending decreased 0.4 percent, the first yearly decline since 2001
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U.S. International Transactions: Fourth Quarter 2008
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The U.S. current-account deficit--the combined balances on trade in goods and services, income, and net unilateral current transfers--decreased to $132.8 billion (preliminary) in the fourth quarter of 2008, the smallest deficit since
the fourth quarter of 2003, from $181.3 billion (revised) in the third quarter of 2008. The decrease mostly resulted from a decrease in the deficit on goods.
An increase in the surplus on income and a decrease in net unilateral current
transfers to foreigners also contributed to the decrease in the current-account
deficit. A decrease in the surplus on services was partly offsetting.
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County Compensation by Industry, 2007
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Total compensation of U.S. workers grew 5.2% in 2007 and most counties shared in that growth, according to statistics released today by the Bureau of Economic Analysis (BEA). Compensation grew in over 90% of the 3,111 counties in the U.S., as the average annual compensation per job in the U.S. grew by 4.1% to $53,892. Inflation, as measured by the national price index for personal consumption expenditures, grew 2.6% in 2007.
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Revised Statistics for the Annual Industry Accounts, 2005-2007
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A sharp slowdown in finance and insurance, a further contraction in construction, and a deceleration in durable-goods manufacturing were the leading contributors to the economic slowdown in 2007, according to revised statistics of real gross domestic product (GDP) by industry.
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GDP by Metropolitan Area for 2006 and Revised 2004-2005 ..Click here to read more of this article.
Newly available statistics released today by the U.S. Bureau of Economic Analysis show that real GDP by metropolitan area grew in 308 of 363 metropolitan (statistical) areas in 2006. Growth in the metropolitan portion of the United States was 3.2 percent in 2006, slightly greater than the 3.1 percent growth in 2005.1 Strong growth in financial industries specifically real estate and securities, commodity contracts, and investmentsaccounted for 39 percent of U.S. metropolitan area GDP growth in 2006. Contraction in the construction industry tempered growth in most metropolitan areas.
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Personal Income for Metropolitan Areas, 2007
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Personal income growth slowed in 2007 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. On average, MSA personal income grew 6.2% in 2007, down from 6.8% in 2006. Personal income growth slowed in 208 MSAs, increased in 144, and remained unchanged in 11 MSAs. Get more information on this topic by clicking on the link.
U.S. International Trade in Goods and Services: Annual Revision for 2007
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In this release and the accompanying U.S. International Trade in Goods and Services: April
2008, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) are jointly
publishing revised data on U.S. trade in goods for 2005-2007 and the first three months
of 2008 and revised data on services for 2004-2007 and the first three months of 2008.
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Gross Domestic Product by State, advance 2007 and revised 2004-2006
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New estimates released today by the U.S. Bureau of Economic Analysis show that economic growth slowed in most states and regions of the U.S. in 2007. Real GDP growth slowed in 36 states, with declines in construction and finance and insurance restraining growth in many states.1 Nationally, real economic growth slowed from 3.1 percent in 2006 to 2.0 percent in 2007, one percentage point below the average growth of 3.0 percent for 2002–2006.
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Revised Statistics of Gross Domestic Product by Industry, 2004-2006
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Revised statistics on the industry distribution of real gross domestic product (GDP), released today by the U.S. Bureau of Economic Analysis, show that the private services-producing sector continued to lead overall GDP growth in 2006, increasing 4.2 percent, while growth in the private goods-producing sector slowed to 0.8 percent. Overall growth of the U.S. economy decelerated slightly in 2006 to 2.9 percent from 3.1 percent in 2005. These statistics for 2006 incorporate more accurate and more detailed information on the industry composition of GDP growth than was available for preparing the advance GDP-by-industry estimates released on April 24, 2007.
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County Estimates of Compensation by Industry, 2004-2006
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Today, the Bureau of Economic Analysis (BEA) released county estimates of compensation by industry for 2004-2006. The estimates for 2004-2005 have been revised to incorporate newly available source data; the estimates for 2006 are released for the first time.
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Gross Domestic Product by Metropolitan Area, 2001-2005
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Today, the U.S. Bureau of Economic Analysis released experimental measures of economic output produced in the Nation's metropolitan areas. GDP by metropolitan area is the measure of the market value of final goods and services produced within a metropolitan area in a particular period of time. GDP is BEA's preferred and most comprehensive measure of economic activity. Metropolitan (statistical) areas, defined by the U.S. Office of Management and Budget, are standardized county-based areas having at least one urbanized area of 50,000 or more population, plus adjacent territory that has a high degree of social and economic integration with the core, as measured by commuting ties.
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Benchmark Input-Output Accounts of the U.S. Economy, 2002
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The Bureau of Economic Analysis released today the 2002 benchmark input-output (I-O) accounts. These are the latest in a series of accounts that provide the most detailed information available on the structure of the U.S. economy and its industries, and cover over 400 industries.
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Personal Income for Metropolitan Areas, 2006
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Personal income growth accelerated in 2006 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. The faster growth was spurred by the property income and compensation components of personal income. Compensation growth in most private industries, including durable goods manufacturing and professional services, accelerated, while compensation growth at all levels of government, especially the military, slowed.
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Release Dates for 2008
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A complete listing of our upcoming news releases can be found on our detailed
schedule for 2008. All news releases shown on our schedule are made available as RSS feeds.
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