Personal income rose in 2011 in all of the nation’s 366 metropolitan statistical areas (MSAs) for the first time since 2007. Personal income growth ranged from 14.8 percent in Odessa, TX, to 1.0 percent in Rochester, MN.
The BEA Wire | BEA's Official Blog
Growth in Goods and Services Industries Slowed in 2011
November 13, 2012
Retail trade and durable goods manufacturing were the leading contributors to the deceleration in U.S. economic growth in 2011, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis.
The Use Table: An Essential Tool That Looks Deep Inside the U.S. Economy
November 9, 2012
What’s the foundation for many economic statistics both inside and outside the Bureau of Economic Analysis (BEA)? It’s something most people have never heard of, yet it is essential for finding out what’s going on inside the world’s largest economy.
September 2012 Trade Gap is $41.5 Billion
November 8, 2012
The U.S. monthly international trade deficit decreased in September 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.
New Guide Helps Regional Developers, Planners Navigate RIMS II
November 6, 2012
People who conduct or examine local or regional economic impact studies will want to read a new handbook that offers some dos and don’ts on using the Bureau of Economic Analysis (BEA) Regional Input-Output Modeling System (RIMS II).
Real Consumer Spending Picks Up in September
October 29, 2012
Personal income increased 0.4 percent in September after increasing 0.1 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.
GDP Growth Picks up in Third Quarter
October 26, 2012
Real gross domestic product (GDP) increased 2.0 percent in the third quarter of 2012 after increasing 1.3 percent in the second quarter, according to estimates released today by the Bureau of Economic Analysis.
What is the U.S. Financial Account?
October 23, 2012
The U.S. financial account is a key component of the Bureau of Economic Analysis’ international transactions accounts (ITAs). The financial account presents the cross-border flows of funds generated by international financial activity.
U.S. Virgin Islands' Economy Grew 2.9 Percent in 2010
October 15, 2012
The economy of the U.S. Virgin Islands returned to growth in 2010, expanding 2.9 percent, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in the trade surplus, government spending, and construction.
BEA Regional Data Used to Distribute Federal Funds to State, Local Governments
October 12, 2012
Did you know that Bureau of Economic Analysis (BEA) regional economic statistics, such as the annual state personal income statistics released September 25, 2012, are used to allocate billions of dollars in federal funds to state and local governments?
August 2012 Trade Gap is $44.2 Billion
October 11, 2012
The U.S. monthly international trade deficit increased in August 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion (revised) in July to $44.2 billion in August, as exports decreased more than imports.
BEA Updates Tool Used by Investors, Planners; Here's How RIMS II Works
October 3, 2012
The Bureau of Economic Analysis (BEA) updated its Regional Input-Output Modeling System (RIMS II), a tool used by investors, regional planners, and government officials to gauge the impact of a change in economic activity on a local community or a particular region of the country.