First-Quarter GDP Revised Up

Real gross domestic product (GDP) decreased 0.2 percent in the first quarter of 2015, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.5 percentage point from the “second” estimate released in May.

Travel and Tourism Spending Decelerated in the First Quarter of 2015

Real spending (output) on travel and tourism decelerated in the first quarter of 2015, increasing at an annual rate of 2.0 percent after increasing 4.9 percent (revised) in the fourth quarter of 2014.  By comparison, real gross domestic product (GDP) turned down, decreasing 0.7 percent (seco

State Personal Income: First Quarter 2015

State personal income grew 0.9 percent on average in the first quarter of 2015, after growing 1.1 percent in the fourth quarter of 2014. Personal income grew in 46 states and growth accelerated in 15 of those states. The fastest growth, 1.3 percent, was in Florida.

First Quarter 2015 Travel and Tourism Spending Data to Be Released June 23

Statistics on what Americans and foreigners spent on travel and tourism in the United States in the first quarter of 2015 will be released Tuesday, June 23 by the Bureau of Economic Analysis (BEA).

Why Does BEA Revise GDP Estimates?

Each summer, the Bureau of Economic Analysis updates its Gross Domestic Product estimates to incorporate sources of data previously unavailable and make improvements in methodology –– all with the goal of providing the most accurate measure of the U.S. economy’s performance.

First Quarter State Personal Income Statistics to be Released June 22

Preliminary statistics on people’s incomes by state in the first quarter of 2015 will be released Monday, June 22 by the U.S. Bureau of Economic Analysis (BEA).

Preview of the 2015 Annual Revision of the National Income and Product Accounts

On July 30, the Bureau of Economic Analysis will release its annual update of the national income and product accounts (NIPAs) in conjunction with the advance estimate for the second quarter of 2015.

Broad Growth Across States in 2014

Real GDP increased in 48 states and the District of Columbia in 2014.

A Snapshot of the Seasonal Adjustment Process for GDP

A lot of work goes into measuring a $17 trillion economy. And, at the Bureau of Economic Analysis it’s a process that never really stops.

2014 GDP by State Statistics to be Released June 10

Statistics on the 2014 economic performance of all 50 states and the District of Columbia, will be released Wednesday, June 10 at 8:30 a.m. EDT by the U.S. Bureau of Economic Analysis.

April 2015 Trade Gap is $40.9 Billion

The U.S monthly international trade deficit decreased in April 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $50.6 billion in March (revised) to $40.9 billion in April, as exports increased and imports decreased.