November 20, 2024

Outdoor Recreation Satellite Account, U.S. and States, 2023

The value added of the outdoor recreation economy accounted for 2.3 percent ($639.5 billion) of current-dollar gross domestic product (GDP) for the nation in 2023. At the state level, value added for outdoor recreation as a share of state GDP ranged from 6.3 percent in Hawaii to 1.6 percent in Delaware, Connecticut, and New York. The share was 0.8 percent in the District of Columbia.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2024 (Adv)
+2.8%
Personal Income
September 2024
+0.3%
International Trade in Goods and Services
September 2024
-$84.4 B
International Transactions
Q2 2024
-$266.8 B

Noteworthy

The BEA Wire | BEA's Official Blog

Activities of U.S Affiliates of Foreign Multinational Enterprises, 2022

November 15, 2024

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.35 million workers in the United States in 2022, a 6.8 percent increase from 7.82 million workers in 2021, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2022.

September 2024 Trade Gap is $84.4 Billion

November 5, 2024

The U.S. goods and services trade deficit increased from $70.8 billion in August (revised) to $84.4 billion in September, as exports decreased and imports increased. The goods deficit increased $14.2 billion to $109.0 billion, and the services surplus increased $0.6 billion to $24.6 billion.

Personal Income and Outlays, September 2024

October 31, 2024

Personal income increased $71.6 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)—personal income less personal current taxes—increased $57.4 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $106.3 billion (0.5 percent) and consumer spending increased $105.8 billion (0.5 percent). Personal…

Gross Domestic Product, Third Quarter 2024 (Advance)

October 30, 2024

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “advance” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

August 2024 Trade Gap is $70.4 Billion

October 8, 2024

The U.S. goods and services trade deficit decreased from $78.9 billion in July (revised) to $70.4 billion in August, as exports increased and imports decreased. The goods deficit decreased $8.4 billion to $94.9 billion, and the services surplus increased $0.1 billion to $24.4 billion.