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Bureau of Economic Analysis

BEA's New and Existing Statistics Offer Economic Intel for Entrepreneurs and Business Community

Bureau of Economic Analysis LogoWhat are consumer spending patterns in California compared to New York? Which states are attracting new foreign investment? How are different industries in each state performing on a quarterly basis? Those are just a few examples of the kinds of new statistics that the Bureau of Economic Analysis is producing to give entrepreneurs even more economic intelligence as they chart strategies on marketing, investing and hiring.

Industry in Focus: Finance and Insurance and More

This quarter, Industry in Focus is actually Industries in Focus. Beginning with this quarterly GDP by Industry release, we're delighted to introduce a new set of products—the Quarterly Underlying Detail Tables.  Previously, quarterly GDP by industry statistics were only available for 22 industries.  The new underlying detail tables provide the same data for 71 industries, allowing for even more in-depth analysis of economic trends.

International Trade in Goods and Services in July 2015 Statement

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the July 2015 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $188.5 billion in July from $187.7 billion in June. The total trade deficit improved by 7.4 percent in July to $41.9 billion. Exports of financial services; other business services; telecommunications, computers, and information services; as well as insurance services all reached records highs in July.

Gross Domestic Product Second Quarter 2015 Statement

WASHINGTON —The U.S. Commerce Department's Bureau of Economic Analysis today released its second estimate of gross domestic product (GDP) growth for the second quarter of 2015. Real GDP rose 3.7 percent at an annual rate in the second quarter, well above the first quarter's 0.6 percent pace and the BEA's initial second-quarter estimate of 2.3 percent growth.

U.S. International Trade in Goods and Services

The December 2014 international trade deficit increased 17.1 percent from November, to $46.6 billion. Exports decreased 0.8 percent to $194.9 billion, and imports increased 2.2 percent to $241.4 billion.

For the full year 2014, the trade deficit grew 6 percent to $505b. Exports rose 2.9 percent, to $2.3 trillion, and imports increased 3.4 percent, to $2.9 trillion.


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