The New Economics Data

The United States Bureau of Economic Analysis provides the following data and reports.


U.S. Bureau of Economic Analysis: U.S. Bureau of Economic Analysis
The first official Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show that the marine economy accounted for 1.9 percent, or $397 billion, of current-dollar U.S. gross domestic product (GDP) in 2019. Full Text
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services trade deficit was $68.9 billion in April, down $6.1 billion from $75.0 billion in March, revised. April exports were $205.0 billion, $2.3 billion more than March exports. April imports were $273.9 billion, $3.8 billion less than March imports. Full Text
Personal income decreased $3.21 trillion, or 13.1 percent at a monthly rate, while consumer spending increased $80.3 billion, or 0.5 percent, in April. Full Text
Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was the same rate as the “advance” estimate released in April. In the first quarter, government assistance payments, such as direct economic impact payments, expanded unemployment benefits, and Paycheck Protection Program loans were distributed to households and businesses through the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan Act. In the fourth quarter of 2020, real GDP increased 4.3 percent. Profits decreased less than 0.1 percent in the first quarter after decreasing 1.4 percent at a quarterly rate in the fourth quarter. Corporate profits increased 12.7 percent in the first quarter from one year ago. Profits were impacted by provisions from the Paycheck Protection Program. Full Text
The estimates of GDP for the USVI show that real GDP-GDP adjusted to remove price changes-increased 2.2 percent in 2019 after increasing 1.6 percent in 2018. This release also includes the results of a comprehensive update of the territorial economic accounts. Full Text
The estimates of GDP for the CNMI show that real GDP-GDP adjusted to remove price changes-decreased 11.2 percent in 2019 after decreasing 19.3 percent in 2018. This release also includes the results of a comprehensive update of the territorial economic accounts. Full Text
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$14.09 trillion at the end of the fourth quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.16 trillion and liabilities were $46.25 trillion. At the end of the third quarter, the net investment position was -$13.86 trillion. Full Text
The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 3.7 percent in 2019 after increasing 2.3 percent in 2018. Arts and cultural economic activity accounted for 4.3 percent, or $919.7 billion, of current-dollar gross domestic product (GDP), in 2019. Full Text
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4.3 percent. The percent change in real GDP in the fourth quarter ranged from 9.9 percent in South Dakota to 1.2 percent in the District of Columbia. Full Text
State personal income increased 6.1 percent in 2020 after increasing 3.9 percent in 2019. In 2020, the increase in transfer receipts was the leading contributor to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 8.4 percent in Arizona and Montana to 2.4 percent in Wyoming. Full Text