Real gross domestic product (GDP) increased 1.8 percent in the first quarter of 2013 after increasing 0.4 percent in the fourth quarter of 2012, according to the third estimate released by the Bureau of Economic Analysis.
The BEA Wire | BEA's Official Blog
Value of Foreign Investments in the United States Increased and Value of U.S. Investments Abroad Decreased in First Quarter 2013
June 25, 2013
The U.S. net international investment position was -$4,277.1 billion (preliminary) at the end of the first quarter of 2013 compared with -$3,863.9 billion (revised) at the end of the fourth quarter of 2012, as the value of foreign investments in the United States exceeded the value of U.S.
Value of Foreign Investments in the United States Increased More Than Value of U.S. Investments Abroad in 2012
June 25, 2013
The U.S. net international investment position was -$3,863.9 billion (revised) at the end of 2012 compared with -$3,730.6 billion (revised) at the end of 2011, as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.
Improved Source Data Leads to Upward Revisions to the U.S. International Investment Position
June 25, 2013
Better data generated by a new government survey drove the large upward revisions in U.S. international investment position statistics released today that trimmed the United States’ investment deficit with the rest of the world between 2010 and 2012.
Travel and Tourism Spending Outpaced Growth in the Overall Economy in the First Quarter of 2013
June 24, 2013
Real spending on travel and tourism accelerated in the first quarter of 2013, increasing at an annual rate of 6.8 percent after increasing 2.1 percent (revised) in the fourth quarter of 2012.
BEA's Industry Economic Accounts to Hit Major Milestone
June 20, 2013
Roughly every 5 years, the Bureau of Economic Analysis (BEA) releases comprehensive revisions of its major economic accounts. These revisions are generally more detailed than annual revisions, implementing changes in methods, statistics and definitions to better reflect an ever-evolving economy.
BEA to Expand Coverage of Intellectual Property Rights
June 19, 2013
Expenditures for research and development (R&D) and for entertainment, literary, and artistic originals provide long-lasting service to the businesses, nonprofit institutions, and government agencies that use them.
These expenditures have many characteristics of other fixed a
BEA to Move to Accrual Accounting for Defined Benefit Pension Plans
June 17, 2013
Employers provide employees with retirement benefits largely through two mechanisms: defined contribution plans like 401(k)s or defined benefit pension
plans.
U.S. Current-Account Deficit Increases in First Quarter 2013
June 14, 2013
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—increased to $106.1 billion (preliminary) in the first quarter of 2013 from $102.3 billion (revised) in the fourth quarter of 2012. As a percentage of U.S.
BEA Introduces New Measures of the Regional Economy
June 12, 2013
Today, the U.S. Bureau of Economic Analysis released experimental real, or inflation-adjusted, estimates of personal income for states and metropolitan areas.
Widespread State Economic Growth in 2012
June 6, 2013
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in 2012. Leading industry contributors were durable-goods manufacturing, finance and insurance, and wholesale trade.
Durable-goods manufacturing was the largest contributor to U.S.
April 2013 Trade Gap is $40.3 Billion
June 4, 2013
The U.S. monthly international trade deficit increased in April 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $37.1 billion (revised) in March to $40.3 billion in April as imports increased more than exports.