This paper, made possible by support from the Commerce Department’s National Telecommunications and Information Administration (NTIA), describes the work of the Bureau of Economic Analysis (BEA) to develop estimates towards the construction of a new digital economy satellite account. These estimates are the first step to a comprehensive measure of the contribution of the digital […]
Real gross domestic product (GDP) increased in every state and the District of Columbia in the fourth quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth ranged from 3.4 percent in Texas to 0.1 percent in Kansas and Mississippi (table 1 and chart 1). Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to U.S. economic growth in the fourth quarter.
Real gross domestic product (GDP) increased in 47 states [CA at 2.1%] and the District of Columbia in the third quarter of 2015, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Overall, U.S. real GDP by state growth slowed to an annual rate of 1.9 percent in the third quarter of 2015 after increasing 3.8 percent in the second quarter. Retail trade; health care and social assistance; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth in the third quarter.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.4 billion in December, up $1.1 billion from $42.2 billion in November, revised. December exports were $181.5 billion, $0.5 billion less than November exports. December imports were $224.9 billion, up $0.6 billion from November.BR/>
Personal income increased $42.5 billion, or 0.3 percent, and disposable personal income (DPI) increased $37.8 billion, or 0.3 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $0.7 billion, or less than 0.1 percent. In November, personal income increased $44.3 billion, or 0.3 percent, DPI increased $33.4 billion, or 0.2 percent, and PCE increased $59.4 billion, or 0.5 percent, based on revised estimates.
Today, the U.S. Bureau of Economic Analysis (BEA) released–for the first time–gross domestic product (GDP) by state for 21 industry sectors on a quarterly basis.1 These new statistics supplement BEA’s national quarterly GDP by industry statistics first released in April 2014. These new data provide timely information on how specific industries contribute to accelerations, decelerations, and turning points in economic growth at the state level, including key information about the impact of differences in industry composition across states.
Across all states, the growth in total PCE by state accelerated to 4.2 percent in 2014 from 3.1 percent in 2013 (Table 1). This growth reflects the year-over-year change in current-dollar PCE by state. In 2014, growth in total PCE ranged from 2.1 percent in West Virginia to 7.4 percent in North Dakota, with more than 40 states growing faster than in 2013.
By U.S. state, the largest expenditures, $48.9 billion, were for U.S. businesses in California. The four largest U.S. states in terms of expenditures by foreign direct investors—California, New Jersey, New York, and Texas—together received over half of all new investment. These four states accounted for 35 percent of private industry GDP in the United States in 2014.
Personal income increased $68.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $56.8 billion, or 0.4 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $15.2 billion, or 0.1 percent. In September, personal income increased $27.4 billion, or 0.2 percent, DPI increased $27.0 billion, or 0.2 percent, and PCE increased $9.5 billion, or 0.1 percent, based on revised estimates.
Real gross domestic product — the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes — increased at an annual rate of 2.1 percent in the third quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent.
Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13, according to estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income rose 4.6 percent in 2014 in the metropolitan portion of the United States and rose 3.2 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 1.1 percent and 1.9 percent, respectively, in 2013. The percent change from 2013 to 2014 in personal income ranged from -35.1 percent in Wallace County, Kansas to 83.7 percent in McPherson County, Nebraska.
Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to the increase in U.S. economic growth in the second quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 18 of 22 industry groups contributed to the 3.9 percent increase in real GDP in the second quarter.
Personal income increased $18.6 billion, or 0.1 percent, and disposable personal income (DPI) increased $19.2 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $15.6 billion, or 0.1 percent. In August, personal income increased $54.9 billion, or 0.4 percent, DPI increased $49.5 billion, or 0.4 percent, and PCE increased $44.2 billion, or 0.4 percent, based on revised estimates.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $48.3 billion in August, up $6.5 billion from $41.8 billion in July, revised. August exports were $185.1 billion, $3.7 billion less than July exports. August imports were $233.4 billion, $2.8 billion more than July imports.
“State personal income grew 0.9 percent on average in the second quarter of 2015, after growing 0.8 percent in the first quarter, according to estimates released today by the U.S. Bureau of Economic Analysis. Personal income grew in every state except Oklahoma in the second quarter. In the first quarter, personal income grew in 34 states. Second-quarter personal income growth rates ranged from zero in Oklahoma to 1.5 percent in the state of Washington.”