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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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Prototype Economic Statistics for Puerto Rico, 2012-2017

Personal Consumption Expenditures, Private Fixed Investment, and Net Exports of Goods SAN JUAN, PUERTO RICO (October 15, 2019) -- Today, the Bureau of Economic Analysis (BEA) 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. In conjunction with this release, BEA is requesting feedback to refine the data sources and methods used to prepare...

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Gross Domestic Product for Guam, 2018

Guam GDP decreases 0.3 percent;Growth in tourism offset by decreases in local government and business investment HAGÅTÑA, GUAM (October 9, 2019) -- Today, the Bureau of Economic Analysis (BEA) is releasing estimates of gross domestic product (GDP) for Guam for 2018, in addition to estimates of GDP by industry and compensation by industry for 2017.1 These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs (OIA) of the U.S. Department of...

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U.S. International Trade in Goods and Services, August 2019

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.9 billion in August, up $0.9 billion from $54.0 billion in July, revised. U.S. International Trade in Goods and Services Deficit Deficit: $54.9 Billion +1.6%° Exports: $207.9 Billion +0.2%° Imports: $262.8 Billion +0.5%° Next release: November 5, 2019 (°) Statistical significance is not applicable or not measurable. Data adjusted for...

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Personal Consumption Expenditures by State, 2018

State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017 (table 1), according to statistics released today by the Bureau of Economic Analysis. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia. PCE by state highlights Expenditures on health care, and on housing and utilities increased 4.9 and 4.6 percent, respectively (table 2), and were the leading...

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U.S. International Investment Position, Second Quarter 2019

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.01 trillion and liabilities were $38.56 trillion. At the end of the first quarter, the net investment position was –$10.16 trillion (Table 1). The –$398.8 billion change in the net investment...

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Personal Income and Outlays, August 2019

Personal income increased $73.5 billion (0.4 percent) in August according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $77.7 billion (0.5 percent) and personal consumption expenditures (PCE) increased $20.1 billion (0.1 percent). Real DPI increased 0.4 percent in August and Real PCE increased 0.1 percent. The PCE price index increased less than 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent.  ...

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Gross Domestic Product, 2nd quarter 2019 (third estimate); Corporate Profits, 2nd quarter 2019 (revised estimate)

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 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 2.0 percent. Downward revisions to personal...

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State Quarterly Personal Income, 2nd quarter 2019 and State Annual Personal Income, 2018

State personal income increased 5.4 percent at an annual rate in the second quarter of 2019, a deceleration from the 6.2 percent increase in the first quarter, according to estimates released today by the Bureau of Economic Analysis (table 1). The percent change in personal income across all states ranged from 7.5 percent in Texas to unchanged in North Dakota. Increases in earnings, property income (dividends, interest, and rent), and transfer receipts contributed to personal income growth...

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Outdoor Recreation Satellite Account, U.S. and Prototype for States, 2017

State Outdoor Recreation Satellite Account (ORSA) statistics isolate the economic activity associated with outdoor recreation spending and production in a state's economy. The state-level prototype statistics are an extension of the national industry ORSA statistics. The concepts, definitions, and methodology used to produce state-level prototype statistics are consistent with the national industry concepts, definitions, and methodology. The U.S. ORSA methodology paper provides more...

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U.S. International Transactions, 2nd quarter 2019

Current Account Deficit Narrows by 5.9 Percent in Second Quarter Current Account Balance 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 $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis (BEA). The revised first quarter deficit was $136.2 billion. The second...

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