The BEA Wire | BEA's Official Blog
Economic Release Schedule Updates
SUITLAND, Md. - The following updates to BEA’s post-shutdown economic release schedule are currently available:
U.S. International Trade in Goods and Services, August 2025, will be released Nov. 19 at 8:30 a.m. These data were originally scheduled for release on Oct. 7.
Services Supplied Through Affiliates, 2023, will be released Nov. 19 at 10 a.m. These data were originally scheduled for release on Oct. 7.
BEA’s economic…
BEA Developing Updated Economic Release Schedule
SUITLAND, Md. – The Bureau of Economic Analysis is working to update its schedule of economic releases, which was affected by the government shutdown.
BEA is consulting with the U.S. Census Bureau, the Bureau of Labor Statistics and other data suppliers to determine the availability of data used to produce our economic indicators. We will publish updated release dates as soon as they are available. Check our website for this…
Formula 1 Cars and Economic Statistics
A blog post from BEA Director Vipin Arora
A friend of mine recently went on vacation just to drive fast cars on a professional racetrack. Swiping through endless pictures, my friend waxed lyrical about each car’s acceleration. I share his enthusiasm to go faster—for different reasons. I crunch numbers for a living, so when I hear acceleration, I think about how BEA can deliver the world’s most timely economic statistics even…
Annual Update of GDP, Industry, and State Statistics Starts Sept. 25
BEA’s release of the annual update of gross domestic product and related statistics, including GDP by industry, begins Sept. 25. Updates of state and county statistics start Sept. 26.
Statistics on Services Trade Expanded to 147 More Countries and Areas
For the first time, export and import statistics are available for U.S. trade in services with 237 countries and areas, up from 90 previously. Ecuador, Ethiopia, Lebanon, Pakistan, and Ukraine are among the countries newly broken out from BEA’s overall services trade statistics.
Coming Wednesday: New and Updated Experimental R&D Statistics for the U.S. and States
How much does research and development activity contribute to your state’s economy? How does that compare nationally? And how have R&D trends shifted across industries? To help answer these questions and more, the Bureau of Economic Analysis is updating and expanding R&D statistics introduced last year.
Expansion of State and Local Economic Stats Spurred by Innovations
A blog from BEA Director Vipin Arora
A consistent theme throughout the history of BEA and its forerunners—driven by significant public and policymaker demand—is the expansion of our regional statistics. This expansion began with the publication of our first annual statistics on state income payments in 1939, and has continued since.
The Expenditures Approach to Measuring GDP
Gross domestic product, the total value of goods and services produced within the United States minus the value of goods and services, or inputs, used in production, can be measured three different ways: 1) expenditures approach, 2) income approach, and 3) production approach.
The most well-known method for computing GDP is the expenditures approach, the sum of all domestically produced goods and services sold to final users1. This…
Need Info on Regional Impacts? RIMS II Is for You
A blog from BEA Director Vipin Arora
In the alphabet soup of BEA acronyms, you’ve probably heard of GDP (gross domestic product). You might have heard of PCE (personal consumption expenditures, a fancy word for consumer spending). And you may have come across DPI (disposal personal income). But have you ever heard of RIMS II?
Streamlining of News Release Packages Continues
The Bureau of Economic Analysis is streamlining our news release packages to reduce duplication and make it easier to find the information you need.
We have phased out news release highlights, which began years ago as abbreviated one-page documents for delivery by fax. The highlights mostly repeated news release content. In some cases, such as U.S. Personal Income and Outlays, extra elements like charts previously included in the…
U.S. Current-Account Deficit Widens in 3rd Quarter 2024
The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $35.9 billion, or 13.1 percent, to $310.9 billion in the third quarter of 2024. The widening reflected expanded deficits on secondary income, on primary income, and on goods. The third-quarter deficit was 4.2 percent of current-dollar gross domestic product,…
Trust Regulation Effective Today: Delivering Better Data and Evidence for the American Public
For over 100 years, our nation’s statistical system has delivered trusted, high-quality statistics that drive government, business, and household decisions. Over that time, BEA and other statistical agencies have evolved with and adapted to our ever-changing economy. Today, we celebrate another step in that evolution with the publication of the “Trust Regulation.”