When a disaster strikes, understanding the economic impact on the affected community is a key to developing a recovery plan.
The BEA Wire | BEA's Official Blog
Timelier, more accurate data: the Commerce Department's statistical agencies deliver on promise of better data for better decision-making
April 2, 2015
The Economics and Statistics Administration’s family of statistical agencies – the Bureau of Economic Analysis (BEA) and U.S.
February 2015 Trade Gap is $35.4 Billion
April 2, 2015
The U.S. monthly international trade deficit decreased in February 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $42.7 billion in January (revised) to $35.4 billion in February, as imports decreased more than exports.
Advance Trade Data Aim to Improve First Estimate of Quarterly GDP
April 2, 2015
The Census Bureau’s plans to produce an advance monthly report on international trade in goods will allow the Bureau of Economic Analysis to incorporate three months of official trade data into its first estimate of quarterly Gross Domestic Product, helping to improve the accuracy of this major e
Value of U.S. Liabilities Increased More Than U.S. Assets in Fourth Quarter
March 31, 2015
The U.S. net international investment position was -$6,915.3 billion (preliminary) at the end of the fourth quarter of 2014 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the third quarter, the net position was -$6,129.4 billion (revised).
Value of U.S. Liabilities Increased More than U.S. Assets in 2014
March 31, 2015
The U.S. net international investment position was -$6,915.3 billion (preliminary) at the end of 2014 as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of 2013, the net position was -$5,383.0 billion.
Personal Savings Rate Rises in February
March 30, 2015
Personal income rose 0.4 percent in February, the same increase as in January. Wages and salaries, the largest component of personal income, rose 0.3 percent in February after rising 0.6 percent in January.
GDP Increases in Fourth Quarter
March 27, 2015
Real gross domestic product (GDP) increased 2.2 percent in the fourth quarter of 2014, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was the same in the “second” estimate released in February.
State Personal Income: Fourth Quarter 2014
March 25, 2015
State personal income grew 1.0 percent on average in the fourth quarter of 2014, the same average growth rate as in the third quarter. The acceleration in personal income growth in Florida, Texas, and 30 other states was offset by a slowdown in 15 states, including California and New York.
State Personal Income 2014
March 25, 2015
Average state personal income growth accelerated to 3.9 percent in 2014 from 2.0 percent in 2013.
Travel and Tourism Spending Accelerated in the Fourth Quarter of 2014
March 18, 2015
Real spending on travel and tourism accelerated in the fourth quarter of 2014, increasing at an annual rate of 4.5 percent after increasing 3.4 percent (revised) in the third quarter. By comparison, real gross domestic product (GDP) decelerated, increasing 2.2 percent (second estimate) in t