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Bureau of Economic Analysis

BEA is an independent, principal federal statistical agency that promotes a better understanding of the U.S. economy by providing timely, relevant, and accurate economic accounts data in an objective and cost-effective manner. Although a relatively small agency, BEA produces some of the most closely watched and influential economic indicators, such as gross domestic product (GDP) and the trade balance, that directly affect decisions made by policy makers, business leaders, and the American public.

BEA’s national, industry, regional, and international economic accounts present valuable information on U.S. economic growth, regional economic development, interindustry relationships, and the Nation's position in the world economy. Some of the widely used statistical measures produced by BEA include GDP, personal income and outlays, corporate profits, GDP by state and by metropolitan area, balance of payments, and GDP by industry. These statistics are used by federal, state, and local governments for budget development and projections; by the Federal Reserve for monetary policy; by the business sector for planning and investment; and by the American public to follow and understand the performance of the nation’s economy.


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U.S. Economic Growth Reached 3.1 Percent Growth In 2018

No economic analysis can be considered complete without appreciation for the many different estimates and assessments that go into evaluating our country’s economy. The Department of Commerce provides many of the economic indicators that business, government and Americans of all stripes rely on, including our regular estimates of U.S. GDP growth. During 2018, real GDP grew 3.1 percent, the fastest...

Statement from U.S. Secretary of Commerce Wilbur Ross on Q4 and Annual 2018 GDP: Economy Grows 2.9% in 2018

Press releases
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the fourth quarter and annual gross domestic product (GDP) numbers. The Bureau found that the real gross domestic product increased at an annual rate of 2.6 percent in the fourth quarter and 2.9 percent for all of 2018. “President Donald Trump has unleashed American growth at a pace the experts thought was not possible,...

BEA Releases First County GDP Numbers

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. These prototype county GDP statistics , for the years 2012-2015, represent another step forward in meeting BEA’s long-standing goal of providing a...

Real Gross Domestic Product (GDP) Increases in all 50 States in 2nd Quarter of 2018

The following is a cross-post from the Bureau of Economic Analysis (BEA) Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from 6.0 percent in Texas to 2.5 percent in Delaware. Information...

U.S. Department of Commerce Releases Third Quarter Gross Domestic Product

Press releases
Today, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) released the advance gross domestic product (GDP) estimate for the third quarter of 2018, finding that growth was 3.5 percent. During the past four quarters, GDP has risen 3.0%, well above the 2.3% growth during the year-earlier period. “Defying ‘conventional wisdom’ once again, 3.5 percent growth is the latest sign that...

Remarks by Secretary Wilbur L. Ross on Capitol Hill for the Release of the Outdoor Recreation Satellite Account Data

Thank you Tom for that kind introduction. I cannot tell you how pleased I am to be here to discuss the performance of this exciting and growing sector of our economy, and the positive impact it has on many millions of Americans. Thanks to Senator Daines and Senator Donnelly for their leadership in drafting and passing the “Rec Act,” creating the data series we are releasing today describing the...

Digital Trade in North America

Fact sheets
As internet access and reliance grows, so does the potential for digital cross-border trade. Building on other work from the Department of Commerce's Office of the Chief Economist (OCE) and Bureau of Economic Analysis (BEA), this report, which serves to inform policymakers, business leaders and others, summarizes estimates of U.S. digital trade with Canada and Mexico. We cannot definitively...

Personal Income Rises in July

The following is a cross-post from the Bureau of Economic Analysis Blog Personal income increased 0.3 percent in July after increasing 0.4 percent in June. Wages and salaries, the largest component of personal income,increased 0.4 percent in July, the same increase as in June. Current-dollar disposable personal income (DPI) , after-tax income, increased 0.3 percent in July after increasing 0.4...

GDP Increases in Second Quarter

The following is a cross-post from the Bureau of Economic Analysis Blog Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP increased 2.2 percent. GDP highlights...

More Than Four Trillion Dollars: FDI in the USA in 2017

The following is a cross-post from Tradeology, the official blog of the International Trade Administration By Elizabeth Schaefer, Director of Investment Research, SelectUSA Following the flurry of activity from the SelectUSA Investment Summit , it is always a welcome change of pace to take some time in the heat of Summer to reflect on the state of foreign direct investment (FDI) in the United...