The BEA Wire | BEA's Official Blog

Today, the U.S Bureau of Economic Analysis released official statistics of real state personal consumption expenditures for the first time. Real PCE decreased 3.8 percent in 2020 for the nation.

Real gross domestic product (GDP) increased in 864 counties, decreased in 2,234 counties, and was unchanged in 14 counties in 2020. The percent change in real GDP ranged from 91.0 percent in Foard County, TX, to –29.0 percent in Skagway Municipality, AK.

The U.S. monthly international trade deficit decreased in October 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $81.4 billion in September (revised) to $67.1 billion in October, as exports increased more than imports.

Real gross domestic product (GDP) for Guam decreased 11.9 percent in 2020 after increasing 2.5 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.

Real gross domestic product for American Samoa increased 4.0 percent in 2020 after decreasing 0.6 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis .

Personal income increased $93.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased$214.3 billion, or 1.3 percent, in October. The increase in personal income primarily reflected an increase in compensation of employees.

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. The increase was revised up 0.1 percentage point from the “advance” estimate released in October.

In 2020, personal income increased in 3,040 counties, decreased in 69, and was unchanged in 3. Personal income increased 6.4 percent in the metropolitan portion of the United States and increased 7.6 percent in the nonmetropolitan portion.

Worldwide employment by U.S. multinational enterprises (MNEs) increased 2.4 percent to 43.9 million workers in 2019 from 42.9 million workers in 2018.

Three new members are joining the BEA Advisory Committee: Nela Richardson of Automatic Data Processing Inc. (ADP); Louise Sheiner, Brookings Institution; and Heather Stephens, West Virginia University.

The new U.S. data show that the outdoor recreation economy accounted for 1.8 percent ($374.3 billion) of current-dollar gross domestic product for the nation in 2020.

The U.S. monthly international trade deficit increased in September 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $72.8 billion in August (revised) to $80.9 billion in September, as imports increased and exports decreased.