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BEA October 2011 Survey of Current Business

Survey of Current Business, October 2011: “In October, we traditionally present recent statistics on services traded across borders and services delivered via affiliates of multinational companies, thus taking a broad view of services provided to and by the United States in international markets. Cross-border trade statistics are presented for 2010, while services provided through affiliates are presented for 2009. A separate article takes a look at international transactions accounts in the second quarter; the current-account deficit fell to $118.0 billion from $119.6 billion in the first quarter. The decline was more than accounted for by increases in the surpluses on income and services. Elsewhere in this issue, we look at recently released regional statistics. Our Regional Quarterly Report looks at state personal income, which grew 1.1 percent in the second quarter, compared with 2.1 percent in the first quarter. Growth ranged from 2.2 percent in Nebraska and South Dakota to 0.7 percent in Washington state and Georgia. A separate article looks at real gross domestic product (GDP) by metropolitan area; nationally, metropolitan area GDP rose 2.5 percent in 2010 after declining 2.5 percent in 2009. Real GDP increased in 304 of the nation’s 366 metropolitan areas in 2010. In 2009, real GDP declined in 296 metropolitan areas.”

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