Director's Message

In this issue, we are pleased to present an article discussing the most recent statistics from our travel and tourism satellite ac­counts. Real output of goods and services sold directly to visitors increased 2.3 percent in 2016 after increasing 3.7 percent in 2015. These revised statistics reflect the incorporation of the annual update of the industry economic accounts, which was released in November 2016.

Elsewhere, we discuss U.S. real gross domestic product (GDP) by state, which ranged from 3.7 percent in Washington to –6.5 percent in North Dakota in 2016. The article focuses on annual growth in real GDP by state in 2016, growth in real GDP by state for the fourth quarter of 2016, and revisions to annual GDP by state for 2013–2015.

In addition, the GDP and the Economy article discusses the “second” estimates of GDP for the first quarter of 2017. A sepa­rate article details government receipts and expenditures for the first quarter of 2017.

We have also included a subject guide to articles that have ap­peared in the SURVEY OF CURRENT BUSINESS in the first half of this year.

Brian C. Moyer
Director, Bureau of Economic Analysis