The BEA Wire | BEA's Official Blog
Economy of the Commonwealth of the Northern Mariana Islands Grows in 2015
The economy of the Commonwealth of the Northern Mariana Islands grew 3.5 percent in 2015, according to new data from the Bureau of Economic Analysis.
That 3.5 percent growth figure is for real GDP – that is, GDP adjusted for inflation. In 2014, the Northern Mariana Islands’ economy saw real GDP increase by 2.8 percent. For comparison, real GDP for the United States (excluding the territories) increased 2.6 percent in 2015, after…
Personal Income Rises in October
Personal income increased 0.6 percent in October after increasing 0.4 percent in September. Wages and salaries, the largest component of personal income, increased 0.5 percent in October—the same increase as in September.
GDP Increases in Third Quarter
Real gross domestic product (GDP) increased 3.2 percent in the third quarter of 2016, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “advance” estimate released in October. In the second quarter, real GDP rose 1.4 percent.
New Guidance Materials for Private Funds Now Available
The Bureau of Economic Analysis and the Treasury Department are preparing to implement a change in early 2017 that will simplify how certain cross-border investments by or into private funds are reported on BEA surveys of direct investment and the Treasury International Capital, or TIC, surveys of portfolio investment.
Local Area Personal Income: 2015
Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion. Personal income growth in 2015 ranged from -30.3 percent in Sully County, South Dakota to 35.0 percent in Loving County, Texas.
Detailed Data on the Global Activities of U.S. Multinational Enterprises Coming out Dec. 16
Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2014, including the finances and operations of U.S. parent companies and their foreign affiliates, will be available from the U.S. Bureau of Economic Analysis on Dec. 16.
BEA Unveiling New Data Tool Aimed at Faster Access to Economic Statistics in United States, Europe
In a show of collaboration between the United States and Europe, BEA is unveiling a new data tool that aims to make it easier to access, compare and visualize economic data between the two regions.
Spending on Treatment for Diseases and Medical Conditions
New! 2013 Data Available.
More medical conditions and price index data available at http://www.bea.gov/national/health_care_satellite_account.htm
September 2016 Trade Gap is $36.4 Billion
The U.S. monthly international trade deficit decreased in September 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $40.5 billion in August (revised) to $36.4 billion in September, as exports increased and imports decreased. The previously published August deficit was $40.7 billion. The goods deficit decreased $2.6 billion in September to $57.5 billion. The services surplus…
Gross Domestic Product by Industry: Second Quarter 2016 Annual Update: 2013 through First Quarter 2016
Transportation and warehousing; health care and social assistance; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2016. Overall, 15 of 22 industry groups contributed to the 1.4 percent increase in real GDP in the second quarter.
BEA Releases New Batch of Health Care Statistics
The Bureau of Economic Analysis released a fresh set of statistics Wednesday detailing how much the United States spends to treat different diseases and medical conditions.
The numbers, which cover 2013, offer new insights into health care, which accounts for more than 17 percent of the U.S. economy.
Consumer Spending Rises in September
Personal income increased 0.3 percent in September after increasing 0.2 percent in August. Wages and salaries, the largest component of personal income, increased 0.3 percent in September after increasing 0.1 percent in August.