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Bureau of Economic Analysis
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.

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Personal Income by State, 1st Quarter 2021

State personal income increased 59.7 percent at an annual rate in the first quarter of 2021 after decreasing 3.9 percent in the fourth quarter of 2020, according to estimates released today by the Bureau of Economic Analysis (table 1). In the first quarter of 2021, the increase in transfer receipts was the leading contributor to personal income growth in all states and the District of Columbia (table 2). The percent change in personal income ranged from 89.3 percent in Mississippi to 31.1...

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Marine Economy Satellite Account, 2014-2019

The first official Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show that the marine economy accounted for 1.9 percent, or $397 billion, of current-dollar U.S. gross domestic product (GDP) in 2019 (table 11). The new statistics show that inflation-adjusted (real) GDP for the marine economy grew 4.2 percent in 2019, faster than the 2.2 percent growth for the overall U.S. economy (table 14). Real gross output, compensation, and employment...

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U.S. International Trade in Goods and Services, April 2021

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.9 billion in April, down $6.1 billion from $75.0 billion in March, revised. U.S. International Trade in Goods and Services Deficit Deficit: $68.9 Billion −8.2%° Exports: $205.0 Billion +1.1%° Imports: $273.9 Billion −1.4%° Next release: Tuesday, July 2, 2021 (°) Statistical significance...

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Personal Income and Outlays, April 2021

Personal income decreased $3.21 trillion (13.1 percent) in April according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $3.22 trillion (14.6 percent) and personal consumption expenditures (PCE) increased $80.3 billion (0.5 percent). Real DPI decreased 15.1 percent in April and Real PCE decreased 0.1 percent; goods decreased 1.3 percent and services increased 0.6 percent (tables 5 and 7). The PCE price index...

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Gross Domestic Product, 1st Quarter 2021 (Second Estimate); Corporate Profits, 1st Quarter 2021 (Preliminary Estimate)

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 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 increase in real GDP was also 6.4 percent. Upward revisions to consumer...

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Gross Domestic Product for the U.S. Virgin Islands, 2019

Today, the Bureau of Economic Analysis (BEA) released estimates of gross domestic product (GDP) for the U.S. Virgin Islands (USVI) for 2019, in addition to estimates of GDP by industry and compensation by industry for 2018.1 These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs (OIA) of the U.S. Department of the Interior. Gross Domestic Product for 2019 The estimates of GDP for the USVI show that real GDP—GDP adjusted to remove...

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U.S. International Trade in Goods and Services, March 2021

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $74.4 billion in March, up $3.9 billion from $70.5 billion in February, revised. U.S. International Trade in Goods and Services Deficit Deficit: $74.4 Billion +5.6%° Exports: $200.0 Billion +6.6%° Imports: $274.5 Billion +6.3%° Next release: Tuesday, June 8, 2021 (°) Statistical...

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Personal Income and Outlays, March 2021

Personal income increased $4.21 trillion (21.1 percent) in March according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $4.18 trillion (23.6 percent) and personal consumption expenditures (PCE) increased $616.0 billion (4.2 percent). Real DPI increased 23.0 percent in March and Real PCE increased 3.6 percent; goods increased 7.3 percent and services increased 1.7 percent (tables 5 and 7). The PCE price index...

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Gross Domestic Product, 1st Quarter 2021 (Advance Estimate)

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 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 3). The "second" estimate for the first quarter, based...

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U.S. International Trade in Goods and Services, February 2021

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.1 billion in February, up $3.3 billion from $67.8 billion in January, revised. U.S. International Trade in Goods and Services Deficit Deficit: $71.1 Billion +4.8%° Exports: $187.3 Billion -2.6%° Imports: $258.3 Billion -0.7%° Next release: Tuesday, May 4, 2021 (°) Statistical...

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