NEWS

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2018 Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.8 million workers in the United States in 2018, a 1.9 percent increase from 7.7 million in 2017, according to statistics on MOUSA operations and finances released by the Bureau of Economic Analysis. Full Text Published November 13, 2020 at 05:30AM Read more at bea.gov

Outdoor Recreation Satellite Account, U.S. and States, 2019 The new U.S. data show that the outdoor recreation economy accounted for 2.1 percent ($459.8 billion) of current-dollar gross domestic product (GDP) for the nation in 2019. At the state level, outdoor recreation value added as a share of state GDP ranged from 5.8 percent in Hawaii to 1.3 percent in Connecticut. The share was 1.1 percent in the District of Columbia. Full Text Published November 10, 2020 at 05:30AM Read more at bea.gov

U.S. International Trade in Goods and Services, September 2020 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.9 billion in September, down $3.2 billion from $67.0 billion in August, revised. September exports were $176.4 billion, $4.4 billion more than August exports. September imports were $240.2 billion, $1.2 billion more than August imports. Full Text Published November 04, 2020 at 04:30AM Read more at bea.gov

Personal Income and Outlays, September 2020 Personal income increased 0.9 percent while consumer spending increased 1.4 percent in September, according to estimates released today by the Bureau of Economic Analysis. Full Text Published October 30, 2020 at 05:30AM Read more at bea.gov

Gross Domestic Product, 3rd Quarter 2020 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. In the second quarter of 2020, real GDP decreased 31.4 percent. Full Text Published October 29, 2020 at 05:30AM Read more at bea.gov

Personal Consumption Expenditures by State, 2019 State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont. Full Text Published October 08, 2020 at 05:30AM Read more at bea.gov

U.S. International Trade in Goods and Services, August 2020 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.1 billion in August, up $3.7 billion from $63.4 billion in July, revised. August exports were $171.9 billion, $3.6 billion more than July exports. August imports were $239.0 billion, $7.4 billion more than July imports. Full Text Published October 06, 2020 at 05:30AM Read more at bea.gov

Gross Domestic Product by State, 2nd Quarter 2020 and Annual Update, 2019 Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent. The percent change in real GDP in the second quarter ranged from -20.4 percent in the District of Columbia to -42.2 percent in Hawaii and Nevada. Full Text Published October 02, 2020 at 05:30AM Read more at bea.gov

Personal Income and Outlays, August 2020 Personal income decreased 2.7 percent while consumer spending increased 1.0 percent in August, according to estimates released today by the Bureau of Economic Analysis. Full Text Published October 01, 2020 at 05:30AM Read more at bea.gov

Gross Domestic Product, 2nd Quarter 2020 (Third Estimate); Corporate Profits, 2nd Quarter 2020 (Revised Estimate) Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the ?third? estimate released by the Bureau of Economic Analysis. The change was 0.3 percentage point higher than the ?second? estimate released in August. In the first quarter of 2020, real GDP decreased 5.0 percent.Corporate profits decreased 10.3 percent at a quarterly rate in the second quarter after decreasing 12.0 percent in the first quarter. Corporate profits decreased 19.3 percent in the second quarter from one year ago.Today?s release includes estimates of GDP by industry, or value added?a measure of an industry?s contribution to GDP. Private goods-producing industries decreased 34.4 percent, private services producing industries decreased 33.1 percent, and government decreased 16.6 percent. Overall, 20 of 22 industry groups contributed to the

U.S. International Investment Position, 2nd Quarter 2020 The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$13.05 trillion at the end of the second quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.87 trillion and liabilities were $41.92 trillion. At the end of the first quarter, the net investment position was -$12.16 trillion. Full Text Published September 29, 2020 at 05:30AM Read more at bea.gov

Prototype Gross Domestic Product for Puerto Rico, 2012-2018 Today, the Bureau of Economic Analysis (BEA) released prototype annual estimates of gross domestic product (GDP) for Puerto Rico for 2012 to 2018. This release represents another major step by the Bureau to develop comprehensive economic accounts for Puerto Rico that are consistent with international guidelines and that are directly comparable to data for other states and countries. The prototype estimates showed that the Puerto Rico economy, as measured by inflation-adjusted (or "real") GDP, expanded from 2012 to 2014, before turning down in 2015 and continuing to decrease through 2018. Exports of goods and services was a key contributor to changes in real GDP over this period. Full Text Published September 28, 2020 at 08:00AM Read more at bea.gov

Personal Income by State, 2nd Quarter 2020 and Year 2019 State personal income increased 34.2 percent at an annual rate in the second quarter of 2020, an acceleration from the 4.1 percent increases in the first quarter. Personal income increased in every state and the District of Columbia ranging from 15.3 percent in the District of Columbia to 76.3 percent in Massachusetts. Full Text Published September 24, 2020 at 05:30AM Read more at bea.gov

U.S. International Transactions, 2nd Quarter 2020 The U.S. current account deficit widened by $59.0 billion, or 52.9 percent, to $170.5 billion in the second quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis. The revised first quarter deficit was $111.5 billion. The second quarter deficit was 3.5 percent of current dollar gross domestic product, up from 2.1 percent in the first quarter. Full Text Published September 18, 2020 at 05:30AM Read more at bea.gov

U.S. International Trade in Goods and Services, July 2020 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised. July exports were $168.1 billion, $12.6 billion more than June exports. July imports were $231.7 billion, $22.7 billion more than June imports. Full Text Published September 03, 2020 at 05:30AM Read more at bea.gov

Personal Income and Outlays, July 2020 Personal income increased 0.4 percent while consumer spending increased 1.9 percent in July, according to estimates released today by the Bureau of Economic Analysis. Full Text Published August 28, 2020 at 05:30AM Read more at bea.gov

Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate) Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020, according to the "second" estimate released by the Bureau of Economic Analysis. The change was 1.2 percentage points higher than the "advance" estimate released in July. In the first quarter of 2020, real GDP decreased 5.0 percent. Full Text Published August 27, 2020 at 05:30AM Read more at bea.gov

Activities of U.S. Multinational Enterprises, 2018 Worldwide employment by U.S. multinational enterprises (MNEs) increased 1.4 percent to 43.0 million workers in 2018 from 42.4 million in 2017, according to statistics released by the Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates. Full Text Published August 21, 2020 at 05:30AM Read more at bea.gov

U.S. International Trade in Goods and Services, June 2020 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $50.7 billion in June, down $4.1 billion from $54.8 billion in May, revised. June exports were $158.3 billion, $13.6 billion more than May exports. June imports were $208.9 billion, $9.5 billion more than May imports. Full Text Published August 05, 2020 at 05:30AM Read more at bea.gov

Personal Income and Outlays, June 2020 Personal income decreased 1.1 percent while consumer spending increased 5.6 percent in June. Full Text Published July 31, 2020 at 05:30AM Read more at bea.gov