U.S. Bureau of Economic Analysis Archives

Virginia’s Outdoor Recreation Economy Grew Almost 21 Percent in 2021

November 27, 2022November 26, 2022 Eric Burk

Virginia’s outdoor recreation economy grew 20.9 percent in 2021, adding $9.4 billion and making up 1.6 percent of Virginia’s gross domestic product (GDP), according to a November report from the U.S. Bureau of Economic Analysis (BEA).

“I’m thrilled to see this level of economic growth of Virginia’s outdoor recreation. I’m looking forward to continuing my work in Washington to ensure that our outdoorsmen and women have the opportunities and resources they need to continue enjoying their time in our great outdoors for generations to come,” Representative Rob Wittman (R-VA-01) said in a newsletter Friday.

Reports Indicate Connecticut GDP Fell in Second Quarter

November 7, 2022November 6, 2022 Admin

The economy in Connecticut has some catching up to do.

Initial figures from the U.S. Bureau of Economic Analysis show the state’s economy fell behind the rest of the nation in the second quarter of 2022.

Connecticut’s gross domestic product fell by 4.7 percent between April and June, putting the state second-to-last in the nation. Meanwhile, personal income grew by only 2.2 percent.

Reports Indicate Connecticut GDP Fell in Second Quarter

November 2, 2022November 1, 2022 The Center Square

The economy in Connecticut has some catching up to do.

Initial figures from the U.S. Bureau of Economic Analysis show the state’s economy fell behind the rest of the nation in the second quarter of 2022.

GDP Bounces Back with 2.6 Percent Growth After Decline Earlier This Year

October 28, 2022October 27, 2022 The Center Square

The U.S. Bureau of Economic Analysis released its quarterly Gross Domestic Product data Thursday which the economy grew in the third quarter of 2022 by 2.6% at an annualized rate.

“The increase in real GDP reflected increases in exports, consumer spending, nonresidential fixed investment, federal government spending, and state and local government spending, that were partly offset by decreases in residential fixed investment and private inventory investment,” BEA said.

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