Thursday , August 6 2020
Home / Bureau of Economic Analysis (page 12)
Bureau of Economic Analysis

BEA

The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA’s national, regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from innovative and advancing technologies, and provides recommendations from the perspectives of the economics profession, business, and government.

Articles by BEA

U.S. International Trade in Goods and Services, June 2020

24 hours ago

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $50.7 billion in June, down $4.1 billion from $54.8 billion in May, revised.

U.S. International Trade in Goods and Services Deficit
Deficit:
$50.7 Billion
-7.5%°
Exports:
$158.3 Billion
+9.4%°
Imports:
$208.9 Billion
+4.7%°

Next release: September 3, 2020

(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, August 5, 2020

Coronavirus (COVID-19) Impact on May 2020 International Trade in Goods and Services

Exports and imports increased in June

Read More »

Personal Income and Outlays, June 2020

6 days ago

Personal income decreased $222.8 billion (1.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $255.3 billion (1.4 percent) and personal consumption expenditures (PCE) increased $737.7 billion (5.6 percent).

Real DPI decreased 1.8 percent in June and Real PCE increased 5.2 percent (tables 5 and 7). The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.2 percent. 

Coronavirus (COVID-19) Impact on June 2020 Personal Income and Outlays

The June estimate for personal income and outlays was impacted by the response to the spread of COVID-19. Federal economic recovery payments continued but were at a lower level than in May, and government

Read More »

Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update

7 days ago

Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent.

The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the second quarter, based on more complete data, will be released on August 27, 2020.

Coronavirus (COVID-19) Impact on the Second-Quarter 2020 GDP Estimate

The decline in second quarter GDP reflected the response to COVID-19, as "stay-at-home" orders issued in March and April were partially lifted

Read More »

Direct Investment by Country and Industry, 2019

14 days ago

The U.S. direct investment abroad position, or cumulative level of investment, increased $158.6 billion to $5.96 trillion at the end of 2019 from $5.80 trillion at the end of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $95.7 billion increase in the position in Europe, primarily in the United Kingdom and the Netherlands. By industry, manufacturing affiliates accounted for most of the increase.

The foreign direct investment in the United States position increased $331.2 billion to $4.46 trillion at the end of 2019 from $4.13 trillion at the end of 2018. The increase mainly reflected a $157.3 billion increase in the position from Asia and Pacific, primarily Japan. By industry, affiliates in manufacturing, finance and insurance,

Read More »

Gross Domestic Product by State, 1st Quarter 2020

July 7, 2020

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the first quarter of 2020, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the first quarter ranged from -1.3 percent in Nebraska to -8.2 percent in New York and Nevada (table 1).

Accommodation and food services; finance and insurance; healthcare and social assistance; and arts, entertainment, and recreation were the leading contributors to the decrease in real GDP nationally (table 2). Accommodation and food services was the leading contributor to the decrease in Nevada. Finance and insurance was the leading contributor to the decrease in New York.

Other highlights

Accommodation and food services decreased 26.8 percent

Read More »

Gross Domestic Product by Industry, 1st Quarter 2020

July 6, 2020

Accommodation and food services; finance and insurance; and health care and social assistance industries were the leading contributors to the 5.0 percent (annual rate) decrease in gross domestic product (GDP) in the first quarter of 2020, according to the Bureau of Economic Analysis. All sectors of the U.S. economy contributed to the decrease, led by a decline in private services-producing industries.

Coronavirus (COVID-19) Impact on the First-Quarter 2020 GDP Estimate

The decline in first-quarter GDP reflected the response to the spread of COVID-19, as governments issued "stay-at-home" orders in March. This led to rapid changes in production, as businesses and schools switched to remote work or canceled operations, and consumers and businesses

Read More »

U.S. International Trade in Goods and Services, May 2020

July 2, 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.6 billion in May, up $4.8 billion from $49.8 billion in April, revised.

U.S. International Trade in Goods and Services Deficit
Deficit:
$54.6 Billion
+9.7%°
Exports:
$144.5 Billion
-4.4%°
Imports:
$199.1 Billion
-0.9%°

Next release: August 5, 2020

(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 2, 2020

Coronavirus (COVID-19) Impact on May 2020 International Trade in Goods and Services

The declines in exports and imports that

Read More »

New Foreign Direct Investment in the United States, 2019

July 1, 2020

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $194.7 billion (preliminary) in 2019. Expenditures were down 37.7 percent from $312.5 billion (revised) in 2018 and below the annual average of $333.0 billion for 2014–2018. As in previous years, acquisitions of existing businesses accounted for a large majority of total expenditures.

In 2019, expenditures for acquisitions were $190.7 billion, expenditures to establish new U.S. businesses were $2.5 billion, and expenditures to expand existing foreign-owned businesses were $1.5 billion. Planned total expenditures, which include both first year and planned future expenditures, were $203.6 billion.

Expenditures by industry, country, and state in 2019

By industry, expenditures for new direct

Read More »

U.S. International Investment Position, 1st Quarter 2020, Year 2019, and Annual Update

June 30, 2020

First Quarter 2020

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$12.06 trillion at the end of the first quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $26.77 trillion and liabilities were $38.82 trillion.

At the end of the fourth quarter of 2019, the net investment position was –$11.05 trillion (Table 1).

The –$1.01 trillion change in the net investment position from the fourth quarter of 2019 to the first quarter of 2020 came from net financial transactions of –$184.2 billion and net other changes in position, such as price and exchange rate changes, of –$822.8 billion (Table A).

Coronavirus (COVID-19) Impact on First Quarter

Read More »

Personal Income and Outlays, May 2020

June 26, 2020

Personal income decreased $874.2 billion (4.2 percent) in May according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $911.1 billion (4.9 percent) and personal consumption expenditures (PCE) increased $994.5 billion (8.2 percent).

Real DPI decreased 5.0 percent in May and Real PCE increased 8.1 percent (tables 5 and 7). The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.

Coronavirus (COVID-19) Impact on May 2020 Personal Income and Outlays

The May estimate for personal income and outlays was impacted by the response to the spread of COVID-19. Federal economic recovery payments continued but were at a lower level than in April, and government

Read More »

Gross Domestic Product, 1st Quarter 2020 (Third Estimate); Corporate Profits, 1st Quarter 2020 (Revised Estimate)

June 25, 2020

Real gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent.

The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month.  In the second estimate, the decrease in real GDP was also 5.0 percent. With the third estimate, an upward revision to nonresidential fixed investment was offset by downward revisions to private inventory investment, personal consumption expenditures (PCE), and exports (see "Updates to GDP" on page 2).

Real GDP: Percent change from preceding quarter, Q1 2020 (3rd)

Read More »

Personal Income by State, 1st Quarter 2020

June 23, 2020

State personal income increased 2.3 percent at an annual rate in the first quarter of 2020, a deceleration from the 3.6 percent increase in the fourth quarter of 2019, according to estimates released today by the Bureau of Economic Analysis (table 1). The percent change in personal income across all states ranged from 4.9 percent in New Mexico to -0.3 percent in Michigan.

Increases in earnings contributed to personal income growth nationally and in 26 states plus the District of Columbia; while increases in transfer receipts and property income (dividends, interest, and rent) contributed to personal income growth in all states and the nation (table 2).

In New Mexico, the fastest growing state, the increase in transfer receipts was the leading contributor to personal income growth.

Read More »

U.S. International Transactions, 1st Quarter 2020 and Annual Update

June 19, 2020

Current Account Balance, First Quarter

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $0.1 billion, or 0.1 percent, to $104.2 billion in the first quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis (BEA). The revised fourth quarter deficit was $104.3 billion.

The first quarter deficit was 1.9 percentage  of current dollar gross domestic product, up less than 0.1 percentage point from the fourth quarter.

The $0.1 billion narrowing of the current account deficit in the first quarter mainly reflected a reduced deficit on goods that was largely offset by a reduced surplus on primary income and an expanded deficit on

Read More »

U.S. International Trade in Goods and Services, April 2020

June 4, 2020

It is understood that many users create ‘bookmarks’ or ‘favorites’ for their most frequently accessed pages on our site. However, due to some alterations to our directory structure, some ‘bookmarked’ URLs may no longer house the information they did prior to any redesign.

The links provided below will assist you in locating information within the BEA site. Should you be unable to locate the information you want, please contact us at [email protected] and let us know the web page you were looking for.

It may be useful to try one of these links:

Contact information:

If you think you received this page in error, please notify BEA’s Webmaster.

Read More »

U.S. International Trade in Goods and Services, April 2020

June 4, 2020

UPDATE Exhibits 19 and 19b in the "U.S. International Trade in Goods and Services, Annual Revision" report and exhibits 20 and 20b in the "U.S. International Trade in Goods and Services, April 2020" report were updated on June 8, 2020, to incorporate seasonally adjusted services data by geography that were not available with the initial publication. The release text and relevant tables in "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999-present" were also updated.

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.4 billion in April, up $7.1 billion from $42.3 billion in March, revised.

U.S. International Trade in Goods and Services Deficit
Deficit:
$49.4 Billion
+16.7%°
Exports:

Read More »

Personal Income and Outlays, April 2020

May 29, 2020

Personal income increased $1.97 trillion (10.5 percent) in April according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $2.13 trillion (12.9 percent) and personal consumption expenditures (PCE) decreased $1.89 trillion (13.6 percent).

Real DPI increased 13.4 percent in April and Real PCE decreased 13.2 percent (tables 5 and 7). The PCE price index decreased 0.5 percent (table 9). Excluding food and energy, the PCE price index decreased 0.4 percent.

Coronavirus (COVID-19) Impact on April 2020 Personal Income and Outlays

The April estimate for personal income and outlays was impacted by the response to the spread of COVID-19, as federal economic recovery payments were distributed, and governments continued

Read More »

Gross Domestic Product, 1st Quarter 2020 (Second Estimate); Corporate Profits, 1st Quarter 2020 (Preliminary Estimate)

May 28, 2020

Real gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent.

The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the decrease in real GDP was 4.8 percent. With the second estimate, a downward revision to private inventory investment was partly offset by upward revisions to personal consumption expenditures (PCE) and nonresidential fixed investment (see "Updates to GDP" on page 2).

Coronavirus (COVID-19) Impact on the First-Quarter 2020 GDP Estimate

The

Read More »

Real Personal Income by State and Metropolitan Area, 2018

May 18, 2020

Real state personal income grew 3.4 percent in 2018, after increasing 2.9 percent in 2017, according to estimates released today by the Bureau of Economic Analysis. Real state personal income is a state’s current-dollar personal income adjusted by the state’s regional price parity and the national personal consumption expenditures price index. The percent change in real state personal income ranged from 6.7 percent in Wyoming to 0.9 percent in Mississippi (table 1). Across metropolitan areas, the percent change ranged from 15.6 percent in Midland, TX to -1.1 percent in Sebring-Avon Park, FL (table 4).

Real Personal Income in 2018

States with the fastest growth in real personal income were Wyoming (6.7 percent), Colorado (5.3 percent), and South Dakota (5.0 percent).
No state had a

Read More »

U.S. International Trade in Goods and Services, March 2020

May 5, 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $44.4 billion in March, up $4.6 billion from $39.8 billion in February, revised.

U.S. International Trade in Goods and Services Deficit
Deficit:
$44.4 Billion
+11.6%°
Exports:
$187.7 Billion
-9.6%°
Imports:
$232.2 Billion
-6.2%°

Next release: June 4, 2020

(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, May 5, 2020

Coronavirus (COVID-19) Impact on March 2020 International Trade in Goods and Services

The declines in March exports and

Read More »

Personal Income and Outlays, March 2020

April 30, 2020

Personal income decreased $382.1 billion (2.0 percent) in March according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $334.6 billion (2.0 percent) and personal consumption expenditures (PCE) decreased $1,127.3 billion (7.5 percent).

Real DPI decreased 1.7 percent in March and Real PCE decreased 7.3 percent (tables 5 and 7). The PCE price index decreased 0.3 percent. Excluding food and energy, the PCE price index decreased 0.1 percent (table 9).

Coronavirus (COVID-19) Impact on March 2020 Personal Income and Outlays

The decline in March personal income and outlays was, in part, due to the response to the spread of COVID-19, as governments issued “stay-at-home” orders. This led to rapid changes in demand, as

Read More »

Gross Domestic Product, 1st Quarter 2020 (Advance Estimate)

April 29, 2020

Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent.
The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the first quarter, based on more complete data, will be released on May 28, 2020.

Coronavirus (COVID-19) Impact on the Advance First-Quarter 2020 GDP Estimate
The decline in first quarter GDP was, in part, due to the response to the spread of COVID-19, as governments issued "stay-at-home" orders in March. This led to

Read More »

Gross Domestic Product by State, 4th Quarter and Year 2019 (Preliminary)

April 7, 2020

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia (table 1).

Retail trade; finance and insurance; government; and utilities were the leading contributors to the increase in real GDP nationally (table 2). Retail trade was the leading contributor to the increase in real GDP in Washington, the fastest growing state.

Other highlights

Retail trade increased 7.4 percent nationally and contributed to growth in all 50 states and the District of Columbia (GDP by Industry table 1).
Finance and insurance increased 5.1

Read More »

Gross Domestic Product by Industry, 4th Quarter and Year 2019

April 6, 2020

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019, according to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis. An increase in private services-producing industries was partly offset by a slight decrease in goods-producing industries; the government sector increased. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

For retail trade, real value added—a measure of an industry’s contribution to GDP—increased 7.4 percent in the fourth quarter, primarily reflecting an increase in other retail, which includes gasoline stations and nonstore retailers.
Finance and insurance increased 5.1

Read More »

U.S. International Trade in Goods and Services, February 2020

April 2, 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $39.9 billion in February, down $5.5 billion from $45.5 billion in January, revised.

U.S. International Trade in Goods and Services Deficit
Deficit:
$39.9 Billion
-12.2%°
Exports:
$207.5 Billion
-0.4%°
Imports:
$247.5 Billion
-2.5%°

Next release: May 5, 2020

(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, April 2, 2020

Exports, Imports, and Balance (exhibit 1)

February exports were $207.5 billion, $0.8 billion less than January exports.

Read More »

U.S. International Investment Position, 4th Quarter and Year 2019

March 31, 2020

Fourth Quarter

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.99 trillion at the end of the fourth quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.32 trillion and liabilities were $40.31 trillion.

At the end of the third quarter, the net investment position was –$10.98 trillion (Table 1). 

The –$14.1 billion change in the net investment position from the third quarter to the fourth quarter came from net financial transactions of –$91.2 billion and net other changes in position, such as price and exchange rate changes, of $77.1 billion (Table A).

Table A. Quarterly Change in the U.S. Net International Investment

Read More »

Personal Income and Outlays, February 2020

March 27, 2020

Personal income increased $106.8 billion (0.6 percent) in February according to estimates released today by the Bureau of Economic Analysis (table 3 and table 5). Disposable personal income (DPI) increased $88.7 billion (0.5 percent) and personal consumption expenditures (PCE) increased $27.7 billion (0.2 percent).

Real DPI inincreased 0.4 percent in February and Real PCE increased 0.1 percent (table 5 and table 7). The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent (table 9).

 
2019
2020
Oct.
Nov.
Dec.
Jan.
Feb.
Percent change from preceding month
Personal income:
 
     Current dollars
0.1
0.5
0.2
0.6
0.6
Disposable personal income:
 
     Current dollars
0.0
0.4

Read More »

Gross Domestic Product, 4th Quarter and Year 2019 (Third Estimate); Corporate Profits, 4th Quarter and Year 2019

March 26, 2020

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP also increased 2.1 percent.

The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month.  In the second estimate, the increase in real GDP was also 2.1 percent. In the third estimate, an upward revision to personal consumption expenditures (PCE) was largely offset by downward revisions to federal government spending and nonresidential fixed investment (see "Updates to GDP" on page 2).

The increase in real GDP in the fourth quarter reflected positive contributions from PCE, exports,

Read More »

Personal Income by State, 4th Quarter and Year 2019 (Preliminary)

March 24, 2020

State personal income increased 4.4 percent in 2019, after increasing 5.6 percent in 2018, according to estimates released today by the Bureau of Economic Analysis (table 1). In 2019, increases in earnings, property income (dividends, interest, and rent), and transfer receipts contributed to personal income growth in all states and the District of Columbia (table 2). The percent change in personal income across all states ranged from 6.1 percent in Colorado to 2.8 percent in West Virginia.

Earnings. For the nation, earnings increased 4.5 percent in 2019; increasing in all 24 industries for which BEA prepares estimates (table 4). Earnings growth in three industries—professional, scientific, and technical services; health care and social assistance; and state and local government—were the

Read More »

U.S. International Transactions, 4th Quarter and Year 2019

March 19, 2020

Current Account Balance, Fourth Quarter

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $15.6 billion, or 12.4 percent, to $109.8 billion in the fourth quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis (BEA). The revised third quarter deficit was $125.4 billion.

The fourth quarter deficit was 2.0 percent of current dollar gross domestic product (GDP), down from 2.3 percent in the third quarter.

The $15.6 billion narrowing of the current account deficit in the fourth quarter mainly reflected a reduced deficit on goods that was partly offset by an expanded deficit on secondary income.

Current Account Transactions

Read More »

Arts and Cultural Production Satellite Account, U.S. and States 2017

March 17, 2020

The Arts and Cultural Production Satellite Account released today by the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 3.6 percent in 2017. That compares with a 5.3 percent increase in 2016 (table 1). Arts and cultural economic activity accounted for 4.5 percent of gross domestic product (GDP), or $877.8 billion, in 2017 (table 2 and 3). With this release the arts and cultural production statistics are updated to incorporate revised data from BEA’s National Income and Product Accounts.

Information services was the leading contributor to the overall growth in arts and cultural production at the national level in 2017, followed by design services. Core arts and cultural production

Read More »