The BEA Wire | BEA's Official Blog
Northern Mariana Islands GDP Decreases in 2018
The estimates of gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands (CNMI) show that real GDP—GDP adjusted to remove price changes—decreased 19.6 percent in 2018 after increasing 25.5 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.
September 2019 Trade Gap is $52.5 Billion
The U.S. monthly international trade deficit decreased in September 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.0 billion in August (revised) to $52.5 billion in September, as imports decreased more than exports. The previously published August deficit was $54.9 billion. The goods deficit decreased $2.7 billion in September to $71.7 billion. The services surplus decreased $…
Real Disposable Personal Income Rises in September
Personal income increased 0.3 percent in September after increasing 0.5 percent in August. Wages and salaries, the largest component of personal income, showed no change in September after increasing 0.6 percent in August.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent.
Gross Domestic Product by Industry: Second Quarter 2019
Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the second quarter.
Prototype Economic Statistics for Puerto Rico Now Available
Today, the Bureau of Economic Analysis released prototype statistics for personal consumption expenditures, private fixed investment, and net exports of goods for Puerto Rico. These annual statistics cover the time period from 2012 to 2017.
The estimates released today are a major step toward the goal of producing gross domestic product (GDP) statistics for Puerto Rico that are consistent with international guidelines and that are…
Guam GDP Decreases 0.3 Percent in 2018
The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—decreased 0.3 percent in 2018 after increasing 0.2 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.
August 2019 Trade Gap is $54.9 Billion
The U.S. monthly international trade deficit increased in August 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.0 billion in July (revised) to $54.9 billion in August, as imports increased more than exports. The previously published July deficit was $54.0 billion. The goods deficit increased $0.8 billion in August to $74.4 billion. The services surplus decreased less than $0.1…
Personal Consumption Expenditures by State, 2018
State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia.
U.S. International Investment Position Second Quarter 2019
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.01 trillion and liabilities were $38.56 trillion. At the end of the first quarter, the net investment position was –$10.16 trillion.
Real Disposable Personal Income Rises in August
Personal income increased 0.4 percent in August after increasing 0.1 percent in July. Wages and salaries, the largest component of personal income, increased 0.6 percent in August after increasing 0.2 percent in July.
GDP Increases in Second Quarter
Real gross domestic product (GDP) increased 2.0 percent in the second quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was the same as in the “second” estimate released in August. In the first quarter, real GDP rose 3.1 percent.