The BEA Wire | BEA's Official Blog

State personal income increased 4.0 percent at an annual rate in the third quarter of 2018, an acceleration from the 3.4 percent increase in the second quarter. Personal income increased in all states and the District of Columbia.

The U.S. current-account deficit increased to $124.8 billion (preliminary) in the third quarter of 2018 from $101.2 billion (revised) in the second quarter of 2018. As a percentage of U.S. GDP, the deficit increased to 2.4 percent from 2.0 percent.

The estimates of gross domestic product for the U.S. Virgin Islands show that real GDP—GDP adjusted to remove price changes—decreased 1.7 percent in 2017 after increasing 0.9 percent in 2016.

Real gross domestic product increased in 1,931 of the nation’s counties and decreased in 1,159 counties in 2015, according to prototype statistics from the U.S. Bureau of Economic Analysis. The inflation-adjusted data show GDP unchanged in 23 counties.

The U.S. monthly international trade deficit increased in October 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.6 billion in September (revised) to $55.5 billion in October, as exports decreased and imports increased.

The U.S. Bureau of Economic Analysis on Dec. 12 will provide an unprecedented look at the size and growth of more than 3,000 county economies across the nation.

The U.S. Bureau of Economic Analysis has released a comprehensive update of its industry statistics, including improvements that reflect the evolving U.S. economy, update the benchmark year, and provide more detailed annual and quarterly data.

Personal income increased 0.5 percent in October after increasing 0.2 percent in September. Wages and salaries, the largest component of personal income, increased 0.3 percent in October, the same increase as in September.

Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “advance” estimate released in October.

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Personal income increased in 2,787 counties, decreased in 318, and was unchanged in 8 in 2017. Personal income increased 4.5 percent in the metropolitan portion of the United States and increased 3.2 percent in the nonmetropolitan portion in 2017.