BEA is improving the way we estimate state-level employment by U.S. businesses newly acquired by foreign investors. Find out more in the Survey of Current Business:

This afternoon, BEA’s Robert Kornfeld and economists from @uscensusbureau and @BLS_gov discuss measuring inflation and presenting price data. Learn about the #FESAC advisory panel and join the meeting online at

Data privacy is on the #FESAC agenda today. BEA economists Gabriel Medeiros and Dan Yorgason discuss the merits of noise infusion versus data suppression to safeguard privacy when producing statistics:

Today Director Vipin Arora welcomes the panel that advises BEA, @uscensusbureau, and @BLS_gov on methodology and technical matters. Join the Federal Economic Statistics Advisory Committee meeting virtually starting at 10 a.m. at #FESAC

There’s a haul of fresh data today in the Marine Economy Satellite Account. What’s a satellite account? It’s a data set that supplements BEA’s core statistics, such as GDP, by going in depth on a special topic. #WorldOceanDay

The marine economy accounted for 1.9%, or $432.4 billion, of current-dollar U.S. GDP in 2021. Read our blog for details, These statistics, produced in partnership with @NOAA, measure the role of oceans, seaports, and the Great Lakes in the U.S. economy.

The marine economy grew an inflation-adjusted 7.4 percent from 2020 to 2021, compared with a 5.9 percent increase for the overall U.S. economy:

The marine economy accounted for 1.9%, or $432.4 billion, of current-dollar U.S. GDP in 2021. This includes activities like tourism, transportation and fishing related to the oceans and Great Lakes. @NOAA #WorldOceanDay

Take a deeper dive into GDP in the first quarter with the Survey of Current Business’ latest article and charts. #SCB #BEAdata

Congratulations to BEA Chief Economist Dennis Fixler, recipient of the 2023 Julius Shiskin Memorial Award for Economic Statistics, recognizing his innovation and leadership in improving measurement of the U.S. economy.

Americans saved 4.1% of their after-tax income in April, down from 4.5% in March. 

Get details and charts on people’s income, spending, and saving in April in our latest blog:

People’s incomes rose 0.4% in April; spending grew 0.8%. Both figures are in current dollars.

Get details about how the U.S. economy performed in the first quarter of 2023 by reading our latest blog,

The U.S. economy grew at a 1.3% annualized rate in Q1, up from the 1.1% rate initially estimated a month ago.

In this month’s Survey of Current Business: A look at the proposed fiscal year 2024 federal budget, measured on a National Income and Product Account basis. This can be useful for analyzing the proposed budget.

Get details about what drove growth in the U.S. Virgin Islands’ economy in 2021; read our blog;

Real GDP for the U.S. Virgin Islands increased 2.8% in 2021 after decreasing 1.9% in 2020.

An improved measure of real estate investment trusts also will be implemented as part of the comprehensive GDP update. Read more in the latest Survey of Current Business article:  #BEAdata

BEA will implement methodological improvements to its treatment of investment funds, including mutual funds, with the comprehensive update to GDP and major components in late September. Details in the latest Survey of Current Business article:   #BEAdata

BEA is developing data that will help analyze the increasingly complicated supply chains that link many countries together to produce a good or service. Get details at

Tom Howells and Paul Farello are discussing with #AdvisoryCommitteeBEA ways to learn more about global supply chains by expanding BEA’s industry data and international statistics.

BEA has developed prototype statistics on the distribution of personal income nationally. The next goal: statistics for analyzing income inequality in each state. BEA economist Dirk Van Duym is describing the research to #AdvisoryCommitteeBEA.