State personal income grew on average 3.6 percent in 2016, after increasing 4.5 percent in 2015. Growth of state personal income—the sum of net earnings by place of residence, property income, and personal current transfer receipts—ranged from –1.7 percent in Wyoming to 5.9 percent in Nevada.
The BEA Wire | BEA's Official Blog
U.S. Current-Account Deficit Decreases in Fourth Quarter 2016
March 21, 2017
The U.S. current-account deficit decreased to $112.4 billion (preliminary) in the fourth quarter of 2016 from $116.0 billion (revised) in the third quarter of 2016. As a percentage of U.S. GDP, the deficit decreased to 2.4 percent from 2.5 percent.
Travel and Tourism Satellite Account: Fourth Quarter 2016
March 15, 2017
Real spending (output) on travel and tourism turned down in the fourth quarter of 2016, decreasing at an annual rate of 3.3 percent after increasing 3.7 percent (revised) in the third quarter according to new statistics released by the Bureau of Economic Analysis.
January 2017 Trade Gap is $48.5 Billion
March 7, 2017
The U.S. monthly international trade deficit increased in January 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.3 billion in December (revised) to $48.5 billion in January, as imports increased more than exports. The previously published December deficit was $44.3 billion. The goods deficit increased $4.0 billion in January to $69.7 billion. The services surplus decreased $0.3 billion in January to $21.2 billion.
Real Consumer Spending Falls in January
March 1, 2017
Personal income increased 0.4 percent in January after increasing 0.3 percent in December. Wages and salaries, the largest component of personal income, increased 0.4 percent in January, the same increase as in December.
GDP Increases in Fourth Quarter
February 28, 2017
Real gross domestic product (GDP) increased 1.9 percent in the fourth quarter of 2016, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.5 percent.
Services Data Coming Faster to GDP
February 8, 2017
BEA and the Census Bureau are taking another big step this month in their joint quest to get more data into earlier estimates of gross domestic product.
December 2016 Trade Gap is $44.3 Billion
February 7, 2017
The U.S. monthly international trade deficit decreased in December 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.7 billion in November (revised) to $44.3 billion in December, as exports increased more than imports.
Gross Domestic Product by State: Third Quarter 2016
February 2, 2017
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the third quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis.
Personal Income Rises in December
January 30, 2017
Personal income increased 0.3 percent in December after increasing 0.1 percent in November. Wages and salaries, the largest component of personal income, increased 0.4 percent in December after decreasing 0.1 percent in November.
GDP Increases in Fourth Quarter
January 27, 2017
Real gross domestic product (GDP) increased 1.9 percent in the fourth quarter of 2016, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.5 percent.
Gross Domestic Product by Industry: Third Quarter 2016
January 19, 2017
Finance and insurance; wholesale trade; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2016. Overall, 20 of 22 industry groups contributed to the 3.5 percent increase in real GDP in the third quarter.