A message from Brian Moyer, Director of the Bureau of Economic Analysis.
Real GDP increased 2.2 percent, reflecting positive contributions from business investment, consumer spending, exports, private inventory investment, federal government spending, and state and local government spending.
Net government saving increased $142.7 billion to −$1,044.3 billion. Net federal government saving decreased, and net state and local government saving increased.
In 2017, the travel and tourism industry, as measured by the real output of goods and services sold directly to visitors, increased 1.7 percent after increasing 3.2 percent in 2016.
In 2017, growth in real GDP by state ranged from 4.4 percent in Washington to −0.2 percent in Connecticut and Louisiana. The report also looks at recently released 2016 regional price parities for states and metropolitan areas and at recent statistics for arts and cultural industries.
A guide to the articles in these issues of the Survey.