The BEA Wire | BEA's Official Blog
New State Distribution of Personal Income Statistics for 2022 Available
BEA has released a set of prototype statistics that help assess how households share in each state’s economic growth. The statistics, now available for 2022, show how personal income is distributed across each state’s households and provide metrics that can be used to study income inequality.
New Statistics Show Distribution of Personal Income Within States
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. This provides a new tool for assessing how households share in each state’s economic growth.
Measures of Economic Well-Being Updated With Complementary Open-Source Notebook
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.
The prototype measures package some of BEA’s headline statistics with data from other statistical agencies to spotlight trends in well-being and the drivers of economic growth.
Experimental Data Map Health Care Estimates in GDP to Centers for Medicare & Medicaid Framework
Today BEA is introducing new experimental data that map our health care estimates in gross domestic product to the framework of CMS’ National Health Expenditures Account, allowing researchers to get an earlier look at 2022 health care spending numbers. The experimental data show health care spending in 2022 rose to more than $4.3 trillion, while the share of GDP declined to 17.1 percent, from a 17.5 percent share in 2021.
Health Care Statistics Updated With Improved Drug Price Data
The Bureau of Economic Analysis today updated its supplemental health care statistics with an improved methodology that shows the growing role of prescription drug rebates over two decades. After subtracting the rebates, BEA's estimate of health care spending in 2020 was reduced by $158 billion, or 5.3 percent, from the previous estimate for 2020.
Coming Soon: A Closer Look at the Mix of Global and Domestic Content in U.S. Exports
BEA is expanding its prototype statistics that provide a more complete and nuanced understanding of U.S. exports. Watch for an update and expansion of the statistics known as trade in value added, or TiVA, coming in March.
Innovation at BEA: Data Projects in 2021
The Bureau of Economic Analysis continually explores the development of new statistics as part of its mission to provide Americans with a timely, accurate, and in-depth understanding of the changing U.S. economy. We’re working on innovations that are leading to expanded data in several areas.
BEA Updates Regional Economic Tool
Updated data are now available in BEA’s economic modeling tool used to estimate the impact of new projects or other changes in a region’s economy.
Prototype Economic Statistics for Puerto Rico Now Available
Today, the Bureau of Economic Analysis released prototype statistics for personal consumption expenditures, private fixed investment, and net exports of goods for Puerto Rico. These annual statistics cover the time period from 2012 to 2017.
The estimates released today are a major step toward the goal of producing gross domestic product (GDP) statistics for Puerto Rico that are consistent with international guidelines and that are…
Prototype Stats Show Each State's Outdoor Recreation Economy
New prototype outdoor recreation statistics show state value added, compensation, and employment for all 50 states and the District of Columbia. These statistics show that the relative size of the outdoor recreation economy ranged from 5.4 percent of GDP for Hawaii to 1.2 percent for the District of Columbia in 2017.
Coming Soon: State Outdoor Recreation Statistics
BEA will release prototype statistics on Sept. 20 showing the role that outdoor recreation – pursuits like bicycling, RVing, and fishing – plays in each state’s economy. This will mark the first time state data are included in BEA’s outdoor recreation statistics.
An updated set of national outdoor recreation statistics will be released at the same time. Both the national and state data will cover 2012 through 2017.
Digital Economy Accounted for 6.9 Percent of GDP in 2017
The digital economy accounted for 6.9 percent of the U.S. gross domestic product, or $1.35 trillion, in 2017, according to a new batch of statistics released by the Bureau of Economic Analysis.
How does that compare with traditional U.S. industries? The digital economy ranked just below professional, scientific, and technical services, which accounted for 7.4 percent of GDP, and just above wholesale trade, with a 6.0 percent share…