The BEA Wire | BEA's Official Blog

Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023, according to the “second” estimate. In the second quarter, real GDP increased 2.1 percent.

The value added of the outdoor recreation economy accounted for 2.2 percent of current‐dollar gross domestic product for the nation in 2022. At the state level, value added for outdoor recreation as a share of state GDP ranged from 5.6 percent in Hawaii to 1.4 percent in Connecticut.

Worldwide employment by U.S. multinational enterprises (MNEs) increased 1.1 percent to 43.3 million workers in 2021 from 42.9 million workers in 2020.

In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.

The U.S. goods and services trade deficit increased from $58.7 billion in August (revised) to $61.5 billion in September, as imports increased more than exports. The goods deficit increased $1.7 billion to $86.3 billion, and the services surplus decreased $1.2 billion to $24.8 billion.

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income — personal income less personal current taxes— increased $56.1 billion (0.3 percent).

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “advance” estimate. In the second quarter, real GDP increased 2.1 percent.

Statistics for every state and the District of Columbia were added today to BEA’s prototype statistics on the distribution of U.S. personal income.

The Bureau of Economic Analysis updated its prototype measures of economic well-being and growth today and for the first time released open-source code that allows users to tailor the charts and tables to meet their needs. 

Real gross domestic product for American Samoa increased 1.8 percent in 2022 after decreasing 0.8 percent in 2021, according to statistics released today by the U.S. Bureau of Economic Analysis.

The U.S. goods and services trade deficit decreased from $64.7 billion in July (revised) to $58.3 billion in August, as exports increased and imports decreased. The goods deficit decreased $5.5 billion to $84.5 billion, and the services surplus increased $1.0 billion to $26.2 billion.

Nationally, personal consumption expenditures (PCE), in current dollars, increased 9.2 percent in 2022 after increasing 12.9 percent in 2021. PCE increased in all 50 states and the District of Columbia, with the percent change ranging from 11.8 percent in Idaho to 6.4 percent in Louisiana.