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New BEA Estimates of International Trade in Digitally Enabled Services

Information and communication technologies (ICT) are increasingly changing how firms do business, how people communicate, and how international transactions take place. In 2014, the United States exported close to $400 billion in potentially ICT-enabled services, representing more than half of all U.S. exports of services, according a new report about trends in ICT and potentially ICT-enabled services by the Bureau of Economic Analysis (BEA). The new BEA estimates are part of a larger Department of Commerce effort to better measure the digital economy and cross-border data flows. 

First Estimates of GDP Will Include More Census Bureau Data

The Bureau of Economic Analysis is constantly working with our data partners to make GDP — our signature measure of the ever-changing U.S. economy — even better. As part of that effort, our sister statistical agency, the U.S. Census Bureau, has committed to providing key data for GDP even faster.

Secretary Pritzker on International Trade in Goods and Services in March 2016

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the March 2016 U.S. International Trade in Goods and Services monthly data. The total trade deficit improved 13.9 percent in March, to $40.4 billion, driven by a $6.0 billion reduction in the goods trade deficit. In addition, new monthly export records were established in travel services -- $15.5 billion – and in insurance services -- $1.6 billion. U.S.

Innovation @ BEA: Exploring New Data Projects

Man pressing airplane icon.BEA is working on a variety of projects this year to bring new economic statistics your way. The goal is to give business people, policymakers and households additional tools to make informed decisions and deepen their understanding of the U.S. economy. At this point, it's too early for us to say exactly when these new statistics will be introduced, but here's a look at what we're planning.

Secretary Pritzker on International Trade in Goods and Services in 2015

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the December 2015 U.S. International Trade in Goods and Services monthly and 2015 annual data. U.S. exports of goods and services totaled $2.23 trillion in 2015, a 4.8 percent decrease from 2014.

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