Bureau of Economic Analysis

U.S. marine economy worth $373 billion

The U.S. marine economy, including goods and services, contributed about $373 billion to the nation’s gross domestic product in 2018 and grew faster than the nation’s economy as a whole, according to the marine economy statistics released Tuesday by two Department of Commerce agencies.
“These statistics are the first-of-its-kind estimate of the U.S. marine economy, a primary driver of jobs, innovation and economic growth,” said retired Navy Rear Adm. Tim Gallaudet, assistant secretary of...

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Marine industries’ contribution to US economy swells

The United States’ marine economy contributed about $373 billion to the nation’s gross domestic product in 2018 and grew faster than the nation’s economy as a whole, according to statistics released Tuesday.

The statistics come from research conducted by two U.S. Department of Commerce agencies — the National Oceanic and Atmospheric Administration (NOAA) and the Bureau of Economic Analysis (BEA) — on 10 sectors representing businesses dependent on the nation’s oceans, coasts and Great Lakes...

https://s29755.pcdn.co/news/marine-industries-contribution-to-us-economy-swells

BEA: International trade in goods and services

The U.S. monthly international trade deficit decreased in November 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.7 billion in October (revised) to $49.3 billion in November, as imports decreased more than exports. The previously published October deficit was $55.5 billion. The goods deficit decreased $6.7 billion in November to $71.6 billion. The services surplus decreased $0.3 billion in November to $22.3 billion.

The full text...

http://container-news.com/bea-international-trade-goods-services/