State personal income increased 3.4 percent at an annual rate in the first quarter of 2019, a deceleration from the 4.1 percent increase in the fourth quarter of 2018. Personal income increased in all states except South Dakota.
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U.S. Current-Account Deficit Decreases in First Quarter 2019
The U.S. current-account deficit decreased to $130.4 billion (preliminary) in the first quarter of 2019 from $143.9 billion (revised) in the fourth quarter of 2018. As a percentage of U.S. gross domestic product, the deficit decreased to 2.5 percent from 2.8 percent.
BEA Joins the FSRDC Network: New Secure Locations Now Available for Researchers
For the first time, approved academics and other researchers will be able to access the Bureau of Economic Analysis’ confidential, company-specific trade and investment data from secure locations around the country, making it
April 2019 Trade Gap is $50.8 Billion
The U.S. monthly international trade deficit decreased in April 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $51.9 billion in March (revised) to $50.8 billion in April, as imports decreased more than exports.
Personal Income Rises In April
Personal income increased 0.5 percent in April after increasing 0.1 percent in March. Wages and salaries, the largest component of personal income, increased 0.3 percent in April after increasing 0.4 percent in March.
GDP Increases in First Quarter
Real gross domestic product increased 3.1 percent in the first quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point lower than the “advance” estimate released in April.
Check Out the Buying Power in Your Metro Area
Interested in comparing buying power in your metropolitan area to another? Then, you’ll want to look at the Bureau of Economic Analysis’ latest batch of regional price indexes.
Real Personal Income for Metropolitan Areas, 2017
The percent change in real metropolitan area personal income ranged from 14.8 percent in Midland, MI to -5.9 percent in Enid, OK.
Real Personal Income for States, 2017
The percent change in real state personal income ranged from 4.5 percent in New York to -1.3 percent in North Dakota.
March 2019 Trade Gap is $50.0 Billion
The U.S. monthly international trade deficit increased in March 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $49.3 billion in February (revised) to $50.0 billion in March, as imports increased more than exports.
Gross Domestic Product by State, Fourth Quarter 2018
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the fourth quarter of 2018. The percent change in real GDP in the fourth quarter ranged from 6.6 percent in Texas to 0.0 percent in Delaware.
Real Consumer Spending Rises In March
Personal income increased 0.1 percent in March after increasing 0.2 percent in February. Wages and salaries, the largest component of personal income, increased 0.4 percent in March after increasing 0.3 percent in February.