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Gross Domestic Product, 2nd quarter 2010 (advance estimate) ..Click here to read more of this article.
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 2.4 percent in the second quarter of 2010,
(that is, from the first quarter to the second quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 3.7 percent. (includes revised estimates, 2007 - 2010, Q1) Full Text
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U.S. International Trade in Goods and Services, May 2010
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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 May exports of $152.3 billion and imports of $194.5 billion resulted in a goods and services deficit of $42.3 billion, up from $40.3 billion in April, revised. May exports were $3.5 billion more than April exports of $148.7 billion. May imports were $5.5 billion more than April imports of $189.0 billion. Full Text
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Gross Domestic Product for the U.S. Virgin Islands
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CHARLOTTE AMALIE, U.S. VIRGIN ISLANDS (July 6, 2010) - Today, the Bureau of Economic Analysis (BEA) is releasing its first set of estimates of the major components of gross domestic product (GDP) for the U.S. Virgin Islands. The estimates for the U.S. Virgin Islands showed that from 2002 to 2007, real GDP -- GDP adjusted to remove price changes -- grew at an average annual rate of 2.9 percent. (For comparison, the average annual growth rate for the United States (excluding the territories) was 2.8 percent over this period.) Full Text
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Research and Development Satellite Account, 2010
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Gross Domestic Product (GDP) would have been, on average, 2.7 percent, or $301.5 billion higher between 1998 and 2007 if research and development (R&D) spending was treated as investment in the U.S. national income and product accounts, the Bureau of Economic Analysis (BEA) announced today. The 2010 R&D Satellite Account updates and extends BEA's estimates of the effect of R&D on economic growth through 2007, and now includes coverage of the most recent business cycle expansion. Full Text
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Personal Income and Outlays, May 2010 ..Click here to read more of this article.
Personal income increased $53.7 billion, or 0.4 percent, and disposable personal income (DPI)
increased $49.0 billion, or 0.4 percent, in May, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $24.4 billion, or 0.2 percent. In April, personal
income increased $59.4 billion, or 0.5 percent, DPI increased $63.7 billion, or 0.6 percent, and
PCE increased $1.4 billion, or less than 0.1 percent, based on revised estimates. Full Text
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U.S. International Investment Position, 2009
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The U.S. net international investment position at yearend 2009 was -$2,737.8 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 2008, the U.S. net international investment position was -$3,493.9 billion (revised). Full Text
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Travel and Tourism Satellite Accounts, 1st Quarter 2010
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Real spending on travel and tourism increased at an annual rate of 3.9 percent in 2010:1, following a decrease of 1.5 percent (revised) in 2009:4. By comparison, real gross domestic product (GDP) increased 3.0 percent (second estimate) in 2010:1 after increasing 5.6 percent in 2009:4. Travel and tourism prices increased 3.5 percent in 2010:1 after increasing 6.5 percent (revised) in 2009:4. Full Text Get more information on this topic by clicking on the link.
State Quarterly Personal Income, 1st quarter 2009-1st quarter 2010
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State personal income growth averaged 0.9 percent in the first quarter of 2010 up from 0.5 percent in the fourth quarter of 2009, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income increased in all but two states with growth ranging from 1.6 percent in Mississippi to -2.0 percent in North Dakota. Inflation, as measured by the national price index for personal consumption expenditures, declined to 0.4 percent in the first quarter from 0.6 percent in the fourth quarter. Full Text
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U.S. International Transactions, First Quarter 2010
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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 - increased to $109.0
billion (preliminary) in the first quarter of 2010, from $100.9 billion (revised)
in the fourth quarter of 2009. The increase was the third consecutive quarterly
increase since the deficit of $84.4 billion in the second quarter of 2009, which
was the smallest deficit since the third quarter of 1999. The increase was more
than accounted for by an increase in the deficit on goods. An increase in net
unilateral current transfers to foreigners also contributed. Increases in the
surpluses on income and services were partly offsetting.
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Gross Domestic Product for Guam
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HAGATNA, GUAM (June 14, 2010) - Today, the Bureau of Economic Analysis (BEA) is releasing its first set of estimates of the major components of gross domestic product (GDP) for Guam. On May 5, 2010, BEA released estimates of total GDP for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands. The estimates for Guam showed that from 2002 to 2007, real GDP -- GDP adjusted to remove price changes -- grew at an average annual rate of 1.8 percent. (For comparison, the average annual growth rate for the United States (excluding the territories) was 2.8 percent over this period.) Full Text
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Gross Domestic Product for the Commonwealth of the Northern Mariana Islands
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CAPITAL HILL, SAIPAN (June 7, 2010) Today, the Bureau of Economic Analysis (BEA) is releasing its first set of estimates of the major components of gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands (CNMI). The estimates for the CNMI showed that from 2002 to 2007, real GDP -- GDP adjusted to remove price changes -- decreased at an average annual rate of 4.2 percent. (For comparison, the average annual growth rate for the United States (excluding the territories) was 2.8 percent over this period.) Full Text
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Advance Gross Domestic Product by Industry, 2009 ..Click here to read more of this article.
Downturns in durable-goods manufacturing and finance and insurance and a continued contraction in construction were the leading contributors to the downturn in U.S. economic growth in 2009, according to preliminary statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. The economic downturn was widespread: 15 of 22 industry groups contributed to the decline in real GDP growth. Full Text
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Gross Domestic Product for American Samoa
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UTULEI, AMERICAN SAMOA (May 10, 2010) - Today, the Bureau of Economic Analysis (BEA) is releasing its first set of estimates of the major components of gross domestic product (GDP) for American Samoa. From 2002 to 2007, real GDP of American Samoa increased at an average annual rate of 0.4 percent. Full Text
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GDP for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands
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WASHINGTON, D.C. (May 5, 2010) -- The Bureau of Economic Analysis (BEA) released its first set of estimates of gross domestic product (GDP) for American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, and the U.S. Virgin Islands (USVI). Full Text
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Local Area Personal Income, 2008
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The percent change from 2007 to 2008 in county personal income ranged from -48 percent in Slope County, North Dakota to 54 percent in Faulk County, South Dakota with growth slowing in more than two-thirds of the counties. Full Text
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Summary Estimates for Multinational Companies, 2008
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Worldwide employment by U.S. multinational companies decreased 0.4 percent in 2008, to 33.4 million workers, resulting from a decrease in employment in the United States that was partly offset by an increase in employment abroad. Partly reflecting selloffs of foreign ownership shares in U.S. companies, employment in the United States by majority-owned U.S. affiliates of foreign multinational companies decreased 1.0 percent in 2008, to 5.5 million workers. Full Text
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State Personal Income 2009
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State personal income declined an average 1.7 percent in 2009, according to estimates released today by the U.S. Bureau of Economic Analysis. The annual percentage change in state personal income ranged from -4.8 percent in Nevada to 2.1 percent in West Virginia (one of six states with a personal income gain in 2009). Inflation, as measured by the national price index for personal consumption expenditures, fell to 0.2 percent in 2009 down from 3.3 percent in 2008. Full Text
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Release Dates for 2010
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A complete listing of our upcoming news releases can be found on our detailed
schedule for 2010. All news releases shown on our schedule are made available as RSS feeds. Full Text
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County Compensation by Industry, 2008
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Compensation grew in over 80 percent of the 3,112 counties in the U.S., as the average annual compensation per job in the U.S. grew by 2.6 percent to $56,116, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).¹ Total compensation of U.S. workers grew 2.3 percent in 2008, as net job losses partially offset compensation growth. Inflation measured by the national price index for personal consumption expenditures, grew 3.3 percent. Full Text
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GDP by Metropolitan Area, Accelerated 2008, 2007, and Revised 2005-2006
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New statistics released today by the U.S. Bureau of Economic Analysis show that the slowdown in U.S. economic growth was widespread: 60 percent of metropolitan areas saw economic growth slow down or reverse. Real GDP growth slowed in 220 of the nation's 366 metropolitan statistical areas (MSAs) in 2008 with downturns in construction, manufacturing, and finance and insurance restraining growth in many metropolitan areas. Growth in real U.S. GDP by metropolitan area slowed from 2.0 percent in 2007 to 0.8 percent in 2008. Full Text
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Personal Income for Metropolitan Areas, 2008
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Personal income growth slowed in 2008 in most of the nation's metropolitan statistical areas (MSAs), according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income growth slowed in 322 MSAs, increased in 42, and remained unchanged in 2 MSAs. On average, MSA personal income grew 3.3 percent in 2008, down from 6.0 percent in 2007. Full Text
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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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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. Full Text
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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. Full Text
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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. Full Text
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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. Full Text
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