Archive for the 'BEA News' Category

Local Area Personal Income: 2014

Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13. On average, personal income rose 4.6 percent in 2014 in the metropolitan portion of the United States and rose 3.2 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 1.1 percent and 1.9 percent, respectively, in 2013. The percent change from 2013 to 2014 in personal income ranged from -35.1 percent in Wallace County, Kansas to 83.7 percent in McPherson County, Nebraska.

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Per capita personal income—personal income divided by population—is a useful metric for making comparisons of the level of personal income across counties. Per capita personal income for 2014 ranged from $15,787 in Wheeler County, Georgia to $194,485 in Teton County, Wyoming.

For more information, read the full report.

Statistics on the Activities of U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2013; Updated Data Available for 2012

Statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis.  The statistics, which provide information for the first time for 2013 as well as updated data for 2012, offer details on the finances and operations of U.S. affiliates of foreign MNEs, including their employment and compensation, sales, value added, capital expenditures, trade in goods, and expenditures for research and development.

Here are some highlights from the statistics:

  • The current-dollar value added of majority-owned U.S. affiliates, a measure of their direct contribution to U.S. gross domestic product, totaled $835.6 billion in 2013. That’s an increase of $43.3 billion, or 5.5 percent, from 2012. Value added by affiliates rose at a faster pace than total U.S. private industry value added. As a result, affiliates’ share of U.S. private industry value added increased to 6.4 percent in 2013, from 6.3 percent in 2012.
  • Affiliates with ultimate beneficial  owners in  seven  countries— the United Kingdom, Japan, Germany, Canada, Switzerland, France, and the Netherlands —accounted for nearly three-fourths of the value added by all majority-owned U.S. affiliates in 2013.
  • Majority-owned U.S. affiliates employed 6.1 million workers, rising 3.6 percent in 2013, following a 3.3 percent increase in 2012. The share of U.S. private industry employment accounted for by U.S. affiliates of foreign multinational enterprises was 5.2 percent, up from 5.1 percent in 2012.
  • The states with the largest shares of total private industry employment accounted for by U.S. affiliates in 2013 were South Carolina (8.1 percent), New Hampshire (7.4 percent), and Delaware (7.1 percent).
  • Exports of goods by affiliates rose by $10.5 billion, or 3 percent, and imports rose by $16.3 billion, or 2.5 percent, in 2013.
  • Research and development performed by affiliates rose by $2.7 billion, or 5.4 percent, in 2013.

For more information, read the full article in the November Survey of Current Business.

In August 2015, BEA released statistics on the activities of U.S. multinational enterprises (including U.S. parent companies and their foreign affiliates).


Announcing the Commerce Data Service

data servicesThe Department of Commerce provides valuable services and data products that fuel the modern technology services Americans rely on every day.  These data sets include information on technological innovation from the Patent and Trademark Office, demographic and economic data from the Census Bureau and the Bureau of Economic Analysis, export data from the International Trade Administration, and information on natural phenomena from the National Oceanic and Atmospheric Administration.  This is why we call the Department of Commerce “America’s Data Agency.”

However, as technology constantly and rapidly advances, people across the country are using public and private sector data in new and exciting ways to drive their businesses and improve society. The vast data resources at the Department of Commerce are contributing to this technological growth. Commerce Secretary Penny Pritzker recognized this as an opportunity and challenged the Federal government to innovate with data to improve the way we deliver to our customers, the American people.

Consider these opportunities for improving our data to positively impact America’s competitiveness:

  • How should we connect businesses with growth opportunities through data science on U.S. exports in order to improve America’s competitiveness abroad and also improve data-driven decision-making of policy-makers?
  • How should we integrate disparate income data and develop a new engagement technology platform in order to help different groups of people to better understand and take action on relevant issues?
  • How should we build a suite of products to improve the data architecture and systems for delivering patent data to the public in order to help businesses to more easily safeguard and discovery intellectual property?
  • How should we invent and deploy a service that overcomes the pervasive and systemic absence of data standards in order to integrate data from across government Bureaus in order to increase the accessibility, dissemination and use of government data and maximize the positive impacts of Department of Commerce data on society?
  • How should we develop and aggregate use cases, tutorials, and technology user interfaces for processing, analyzing and visualizing Commerce data like oceanic and atmospheric forecasts in order to drive up the consumption of Commerce data for public benefit and increase the integration of Commerce data by businesses to help fuel their growth?

All of these are not just data challenges, but also business challenges.  That’s why the Department of Commerce is excited to announce a new initiative to deliver these kinds of solutions: the Commerce Data Service.

Built in the spirit of America’s entrepreneurial technology ventures, the Commerce Data Service is a start-up within government, that consists of diverse team of top-notch designers, developers, software engineers and data scientists. We are passionate about our mission, building new tools, and delivering improved ways to get work done.  We are agile product developers transforming government services by building world-class software products and raising standards of software development throughout the Department of Commerce. Through partnerships with the twelve bureaus that make up the Commerce Department, the Data Service will deliver products and services to help government agencies better deliver information to their customers.

To help this initiative get off the ground, I am pleased to announce that the Department has hired Dr. Tyrone Grandison to lead our team as the Deputy Chief Data Officer.  Dr. Grandison brings a wealth of experience as an entrepreneur, consultant and software engineer, most recently serving at the Department of Labor as a Presidential Innovation Fellow.

Now we’re actively recruiting data experts, from outside and inside government, from three general professional areas:

  1. Front-End Developers – experience with interface design & development, search engine optimization, and interactive and static visualization.
  2. Back-End Engineers – experience with Extract-Transform-Load (ETL), distributed data systems, devops, and Application Programming Interface (API) construction.
  3. Data Scientists – experience with machine learning, predictive algorithms, and visualization.

If you are an expert data geek, there is no better way to have a giant impact while improving our government than to join the Commerce Data Service.  For more information, and to submit your resume for potential employment consideration, please visit