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Blog Category: Bureau of Economic Analysis

September Marks the Fifth Consecutive Month of Double-Digit Travel and Tourism Export Growth

Graph of Change in U..S. Travel and Tourism-Related ExportsInternational travelers spent nearly $12 billion in the U.S. in September

According to newly released data from the Commerce Department, international visitors traveling to the United States pumped an estimated $11.7 billion into the U.S. economy during the month of September, up $1.7 billion compared to the same period last year.  This marks the fifth month of double-digit growth and ninth straight month of overall growth in U.S. travel and tourism exports.  Total travel and tourism-related exports have increased, on average, $1.2 billion a month in 2010. 

“Travel and tourism continues to be one of the bright spots in our economy,” Locke said.  “Continued growth in the tourism sector will help us achieve our goal of doubling exports over the next two years.” 

  • Travel Receipts: Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $9.0 billion during September, an increase of 15 percent when compared to last year. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel. 
  • Passenger Fare Receipts: Fares received by U.S. carriers (and U.S. vessel operators) from international visitors increased by nearly 27 percent to $2.7 billion for the month, an increase of $575 million when compared to September 2009.

International visitors have spent an estimated $100 billion on U.S. travel and tourism-related goods and services year to date (January through September), an increase of 11 percent when compared to the same period last year.

Americans have spent nearly $77.4 billion abroad year-to-date (up four percent)—resulting in a $22.6 billion trade surplus for travel and tourism through the first nine months of 2010.

Celebrating World Statistics Day, Oct. 20, 2010

The United Nations General Assembly designated Oct. 20, 2010, as the first-ever World Statistics Day to highlight the importance of official statistics and the many achievements of national statistical systems.  Statistical organizations throughout the world will celebrate World Statistics Day today at the national and regional level. The Commerce Department’s U.S. Census Bureau, Bureau of Economic Analysis and 12 other principal federal statistical agencies together have been collecting statistics about the nation’s people, economy and society since the first national census in 1790. Check out the Census Bureau’s Facts for Features special edition on World Statistics Day. 



Census Facts for Features | Facts for Features en español | World Statistics Day videos

Statement from Secretary Locke on August 2010 U.S. International Trade

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the August 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in August 2010 increased by 0.2 percent to $153.9 billion from their July 2010 level. Imports in August increased 2.1 percent over July to $200.2 billion. U.S. exports so far in 2010 are up nearly 18 percent compared to the same period last year.  Report  |  Statement  |  Fact sheet

Statement From Secretary Locke on the Advance Estimate of Real GDP in the Second Quarter of 2010

The U.S. Commerce Department’s Bureau of Economic Analysis today released the first estimate of gross domestic product (GDP) for the second quarter of 2010.  Real GDP grew 2.4 percent at an annual rate in the second quarter, following a gain of 3.7 percent in the first quarter.  The annual revision to the national accounts increased the total fall in real GDP during the recession from 3.7 percent to 4.1 percent.  The economy has grown 3.2 percent from a year ago.  Statement

Report on Gross Domestic Product Statistics for Four U.S. Territories Released

Click for larger image. Pictured: Nikolao Pula, Director of the Office of Insular Affairs, U.S. Department of the Interior; Kiran Ahuja, Executive Director of the White House Initiative on Asian Americans and Pacific Islanders; Pictured: Rebecca M Blank, Under Secretary for Economic Affairs, U.S. Department of Commerce;  Rep. Gregorio Kilili Camacho, Northern Mariana Islands; Rep. Madeleine Bordallo, Guam; Rep. Eni Faleomavaega, America Samoa; Rep. Donna Christensen, Virgin Islands; Steve Landefeld, Director of the Bureau of Economic Analysis, U.S. Department of Commerce.

The U.S. Department of Commerce released newly-developed Gross Domestic Product (GDP) statistics for American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and the U.S. Virgin Islands. The statistics are a product of a joint effort of the Department of Commerce’s Bureau of Economic Analysis and the Interior Department’s Office of Insular Affairs. Policy makers will now have an objective view of the size of these economies, their growth or contraction, and their major components in order to conduct economic-impact analysis on the effects of local and national policy decisions. (More)

Statement from Under Secretary Blank on March 2010 Personal Income and Outlays

Blank portrait.

Washington (May 3)—The U.S. Commerce Department’s Bureau of Economic Analysis released personal income and outlays data for March 2010. Personal income increased 0.3 percent in March, and real disposable personal income rose 0.2 percent. Real personal consumption expenditures increased 0.5 percent in March. “Today’s personal income data, particularly the growth in employee compensation, indicates that the recovery is taking hold across America,” said U.S. Commerce Department Under Secretary for Economic Affairs Rebecca Blank.” (More) (Release—PDF)

Secretary Locke Statement on Advance Estimate of Real GDP in the First Quarter of 2010

Department of Commerce seal.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the first estimate of gross domestic product (GDP) for the first quarter of 2010. Real GDP grew 3.2 percent at an annual rate in the first quarter, consistent with private-sector expectations. “With a third-straight quarter of growth, it’s clear America’s economy is turning around,” U.S. Commerce Secretary Gary Locke said. “But Americans remain rightly focused on their personal financial situations and jobs. Wall Street reform is an essential part of securing the future for our families and businesses. (More) (Release)

Secretary Locke Statement on February 2010 U.S. International Trade in Goods and Services

Department of Commerce seal

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the February 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in February 2010 increased by 0.2 percent to $143.2 billion from their January 2010 level. Imports in February increased 1.7 percent over January to $182.9 billion. (More) (Release) (Fact sheet)

Statement from Under Secretary Blank on Personal Income and Outlays in February 2010

Portrait photo of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for February 2010. Personal income and real disposable income were nearly unchanged in February. Real personal consumption expenditures increased 0.3 percent. “Today’s data indicate that, as the Administration’s economic recovery efforts have pulled us back from the brink and taken hold, American families have been able to save more and improve their financial positions,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)

Under Secretary Blank Statement on Third Estimate of GDP in the Fourth Quarter 2009

Department of Commerce seal.

The U.S. Commerce Department’s Bureau of Economic Analysis released the third estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP grew 5.6 percent at an annual rate, nearly unchanged from the previous estimate of 5.9 percent. “As more fourth quarter data become available, it is evident that the administration’s efforts to promote economic recovery have helped create the conditions that lead to economic growth,” Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)