The BEA Wire | BEA's Official Blog
State Personal Income, Third Quarter 2019
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.
U.S. Virgin Islands GDP Increases 1.5 Percent in 2018
The estimates of GDP for the U.S. Virgin Islands show that real GDP—GDP adjusted to remove price changes—increased 1.5 percent in 2018 after decreasing 0.6 percent in 2017. For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017.
A Look at Counties’ Economic Growth by Region
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.…
BEA's First Official County GDP Stats
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.
Guest Blog: New County GDP Data Will Help County Leaders Strategize and Plan
By Teryn Zmuda, Director of Research and Data Analytics at the National Association of Counties.
A new county economic measure will be released this week, providing an in-depth and detailed look into county economies — allowing county leaders to identify areas of strength and opportunity within the county lines. The measure is a county-level estimate of gross domestic product, or GDP, which will be released by the Bureau of Economic Analysis…
October 2019 Trade Gap is $47.2 Billion
The U.S. monthly international trade deficit decreased in October 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $51.1 billion in September (revised) to $47.2 billion in October, as imports decreased more than exports. The previously published September deficit was $52.5 billion. The goods deficit decreased $3.7 billion in October to $68.0 billion. The services surplus increased $…
Personal Income and Outlays: October 2019
Personal income showed virtually no change in October after increasing 0.3 percent in September. Wages and salaries, the largest component of personal income, increased 0.4 percent in October after increasing 0.1 percent in September.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.2 percentage point higher than the “advance” estimate released in October. In the second quarter, real GDP rose 2.0 percent.
First Official County GDP Stats Coming Dec. 12
The size of every county’s economy with industry detail will be officially released for the first time by the U.S. Bureau of Economic Analysis on Dec. 12.
BEA will estimate annual gross domestic product, or GDP, for the years 2001 through 2018 for more than 3,000 counties. The data will include contributions to GDP by 34 industries, such as manufacturing, retail trade, and health and social assistance.
Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2017
Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.4 million workers in the United States in 2017, a 2.8 percent increase from 7.2 million in 2016, according to the Bureau of Economic Analysis.
Local Area Personal Income: 2018
In 2018, personal income increased in 3,019 counties, decreased in 91, and was unchanged in 3, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Personal income increased 5.7 percent in the metropolitan portion of the United States and increased 4.8 percent in the nonmetropolitan portion. In metropolitan counties, the percent change in personal income ranged from −3.2 percent in Lynn County, Texas to 17.5…
Gross Domestic Product (GDP) by State: Second Quarter 2019
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2019. The percent change in real GDP in the second quarter ranged from 4.7 percent in Texas to 0.5 percent in Hawaii.