February 11, 2025

Travel and Tourism Satellite Account for 2018-2023

The travel and tourism industry—as measured by the real output of goods and services sold directly to visitors— increased 7.0 percent in 2023 after increasing 20.8 percent in 2022, according to the most recent statistics from BEA’s Travel and Tourism Satellite Account.

Principal Federal Economic Indicators

Gross Domestic Product
Q4 2024 (Adv)
+2.3%
Personal Income
December 2024
+0.4%
International Trade in Goods and Services
December 2024
-$98.4 billion
International Transactions
Q3 2024
-$310.9 B

Noteworthy

The Latest

Gross Domestic Product for Guam, 2022

April 15, 2024 | The BEA Wire

Real gross domestic product (GDP) for Guam increased 5.1 percent in 2022 after increasing 2.1 percent in 2021, according to statistics released today by the U.S. Bureau of Economic Analysis. These statistics were developed under the Statistical Improvement Program, funded by the Office of Insular Affairs of the U.S. Department of the Interior.

The increase in real GDP reflected increases in exports, private fixed investment,…

Gross Domestic Product for Guam, 2022

April 15, 2024 | News Release

Real gross domestic product (GDP) for Guam increased 5.1 percent in 2022 after increasing 2.1 percent in 2021. The increase in real GDP reflected increases in exports, private fixed investment, government spending, and personal consumption expenditures. Imports, a subtraction item in the calculation of GDP, increased.

What Do Balance Sheets and Selfies Have in Common? Delving Into Two BEA Statistical Accounts

April 8, 2024 | The BEA Wire

A blog post from BEA Director Vipin Arora

One of the best analogies I’ve ever heard for a balance sheet is that it’s like a selfie—it provides a snapshot at a specific point in time. I guess the difference is that the balance sheet provides a summary of assets and liabilities at that point in time—not some picture where I look lost and confused eating a piece of pizza.

February 2024 Trade Gap is $68.9 Billion

April 4, 2024 | The BEA Wire

The U.S. goods and services trade deficit increased from $67.6 billion in January (revised) to $68.9 billion in February, as imports increased more than exports. The goods deficit decreased $0.3 billion to $91.4 billion, and the services surplus decreased $1.6 billion to $22.5 billion.

U.S. International Trade in Goods and Services, February 2024

April 4, 2024 | News Release

The U.S. goods and services trade deficit increased in February 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.6 billion in January (revised) to $68.9 billion in February, as imports increased more than exports. The goods deficit decreased $0.3 billion in February to $91.4 billion. The services surplus decreased $1.6 billion in February to $22.5 billion.

Gross Domestic Product by State and Personal Income by State, Preliminary 2023

March 29, 2024 | The BEA Wire

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in 2023, with the percent change ranging from 5.9 percent in North Dakota to –1.2 percent in Delaware.

Gross Domestic Product by State and Personal Income by State, 4th Quarter 2023

March 29, 2024 | The BEA Wire

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2023, with the percent change ranging from 6.7 percent in Nevada to 0.2 percent in Nebraska.

Gross Domestic Product by State and Personal Income by State, 4th Quarter 2023 and Preliminary 2023

March 29, 2024 | News Release

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2023, with the percent change ranging from 6.7 percent in Nevada to 0.2 percent in Nebraska

Personal Income and Outlays, February 2024

March 29, 2024 | The BEA Wire

Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income —personal income less personal current taxes—increased $50.3 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $149.9 billion (0.8 percent) and consumer spending increased $145.5 billion (0.8 percent). Personal saving was…

Personal Income and Outlays, February 2024

March 29, 2024 | News Release

Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income (DPI)—personal income less personal current taxes—increased $50.3 billion (0.2 percent). Consumer spending increased $145.5 billion (0.8 percent). Personal saving was $745.7 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.6 percent in February. Personal outlays—the sum of…