• 2019 Quarters Coins Images
• 2019 Quarters Value
• 2019 Quarters Release Dates
• 2019 Quarters Minted At West Point
• 2019 Quarters Mint

On Thursday May 2, 2019 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc released its first quarter results and first quarter interim dividend announcement for 2019. In 2019, the Mint struck 2,000,000 of each circulating quarter design at the West Point Mint bearing its mint mark W. These were released into circulation mixed in with new coins from Philadelphia or Denver. This continued in 2020 with the 2020-W quarters bearing a privy mark V75 inside a small cartouche on the obverse. The announcement of the W mint mark quarters ties in with the American Numismatic Association’s National Coin Week from April 21-27, 2019. Also during the month of April, independent coin dealers will place approximately one million of their own collectible coins into circulation across the United States as part of the Great American Coin Hunt. United States 2019 – Calendar with American holidays. Yearly calendar showing months for the year 2019. Calendars – online and print friendly – for any year and month.

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the first quarter of 2019 (table 1), according to the 'advance' estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent.

The Bureau’s first-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see “Source Data for the Advance Estimate” on page 2). The 'second' estimate for the first quarter, based on more complete data, will be released on May 30, 2019.

The increase in real GDP in the first quarter reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, state and local government spending, and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, decreased (table 2). These contributions were partly offset by a decrease in residential investment.

The acceleration in real GDP growth in the first quarter reflected an upturn in state and local government spending, accelerations in private inventory investment and in exports, and a smaller decrease in residential investment. These movements were partly offset by decelerations in PCE and nonresidential fixed investment, and a downturn in federal government spending. Imports, which are a subtraction in the calculation of GDP, turned down.

Current dollar GDP increased 3.8 percent, or $197.6 billion, in the first quarter to a level of $21.06 trillion. In the fourth quarter, current-dollar GDP increased 4.1 percent, or $206.9 billion (table 1 and table 3).

The price index for gross domestic purchases increased 0.8 percent in the first quarter, compared with an increase of 1.7 percent in the fourth quarter (table 4). The PCE price index increased 0.6 percent, compared with an increase of 1.5 percent. Excluding food and energy prices, the PCE price index increased 1.3 percent, compared with an increase of 1.8 percent.

Personal Income (table 8)

Current-dollar personal income increased $147.2 billion in the first quarter, compared with an increase of $229.0 billion in the fourth quarter. The deceleration reflected downturns in personal interest income, personal dividend income, and proprietors’ income that were partly offset by an acceleration in personal current transfer receipts.

Disposable personal income increased $116.0 billion, or 3.0 percent, in the first quarter, compared with an increase of $222.9 billion, or 5.8 percent, in the fourth quarter. Real disposable personal income increased 2.4 percent, compared with an increase of 4.3 percent.

Personal saving was $1.11 trillion in the first quarter, compared with $1.07 trillion in the fourth quarter. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 7.0 percent in the first quarter, compared with 6.8 percent in the fourth quarter.

Source Data for the Advance Estimate

Information on the source data and key assumptions used for unavailable source data in the advance estimate is provided in a Technical Note that is posted with the news release on BEA’s Web site. A detailed 'Key Source Data and Assumptions' file is also posted for each release. For information on updates to GDP, see the 'Additional Information' section that follows.

Upcoming Annual Update of the National Income and Product Accounts

The annual update of the national income and product accounts, covering the first quarter of 2014 through the first quarter of 2019, will be released along with the 'advance' estimate of GDP for the second quarter of 2019 on July 26. For more information, see the Technical Note.

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Next release, May 30, 2019 at 8:30 A.M. EDT
Gross Domestic Product, First Quarter 2019 (Second Estimate)
Corporate Profits, First Quarter 2019 (Preliminary Estimate)

* * *

• Lisa Mataloni
  piniwd@bea.gov

• Jeannine Aversa
  Jeannine.Aversa@bea.gov

Resources

Additional resources available atwww.bea.gov:

• Stay informed about BEA developments by reading the BEA blog, signing up for BEA's email subscription service, or following BEA on Twitter @BEA_News.
• Historical time series for these estimates can be accessed in BEA's interactive data application.
• Access BEA data by registering for BEA's data application programming interface (API).
• For more on BEA's statistics, see our monthly online journal, the Survey of Current Business.
• BEA's news release schedule
• NIPA Handbook: Concepts and Methods of the U.S. National Income and Product Accounts

Definitions

Gross domestic product (GDP) is the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment.

Gross domestic income (GDI) is the sum of incomes earned and costs incurred in the production of GDP. In national economic accounting, GDP and GDI are conceptually equal. In practice, GDP and GDI differ because they are constructed using largely independent source data. Real GDI is calculated by deflating gross domestic income using the GDP price index as the deflator and is therefore conceptually equivalent to real GDP.

Current-dollar estimates are valued in the prices of the period when the transactions occurred—that is, at 'market value.' Also referred to as 'nominal estimates' or as 'current-price estimates.'

Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes.

2019 Quarters Coins Images

The gross domestic purchases price index measures the prices of final goods and services purchased by U.S. residents.

The personal consumption expenditure price index measures the prices paid for the goods and services purchased by, or on the behalf of, 'persons.'
Personal income is the income received by, or on behalf of, all persons from all sources: from participation as laborers in production, from owning a home or business, from the ownership of financial assets, and from government and business in the form of transfers. t includes income from domestic sources as well as the rest of world. It does not include realized or unrealized capital gains or losses.
Disposable personal income is the income available to persons for spending or saving. It is equal to personal income less personal current taxes.

Personal outlays is the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments.

Personal saving is personal income less personal outlays and personal current taxes.

The personal saving rate is personal saving as a percentage of disposable personal income.

Profits from current production, referred to as corporate profits with inventory valuation adjustment (IVA) and capital consumption (CCAdj) adjustment in the National Income and Product Accounts (NIPAs), is a measure of the net income of corporations before deducting income taxes that is consistent with the value of goods and services measured in GDP. The IVA and CCAdj are adjustments that convert inventory withdrawals and depreciation of fixed assets reported on a tax-return, historical-cost basis to the current-cost economic measures used in the national income and product accounts. Profits for domestic industries reflect profits for all corporations located within the geographic borders of the United States. The rest-of-the-world (ROW) component of profits is measured as the difference between profits received from ROW and profits paid to ROW.

For more definitions, see the Glossary: National Income and Product Accounts.

Statistical conventions

Annual-vs-quarterly rates. Quarterly seasonally adjusted values are expressed at annual rates, unless otherwise specified. This convention is used for BEA's featured, seasonally adjusted measures to facilitate comparisons with related and historical data. For details, see the FAQ 'Why does BEA publish estimates at annual rates?' Quarterly not seasonally adjusted values are expressed only at quarterly rates.

Percent changes.Percent changes in quarterly seasonally adjusted series are displayed at annual rates, unless otherwise specified. For details, see the FAQ 'How is average annual growth calculated?' Percent changes in quarterly not seasonally adjusted values are calculated from the same quarter one year ago. All published percent changes are calculated from unrounded data.

Calendar years and quarters. Unless noted otherwise, annual and quarterly data are presented on a calendar basis.

Quantities and prices. Quantities, or 'real' volume measures, and prices are expressed as index numbers with a specified reference year equal to 100 (currently 2012). Quantity and price indexes are calculated using a Fisher-chained weighted formula that incorporates weights from two adjacent periods (quarters for quarterly data and annuals for annual data). For details on the calculation of quantity and price indexes, see Chapter 4: Estimating Methods in the NIPA Handbook.

Chained-dollar values are calculated by multiplying the quantity index by the current dollar value in the reference year (2012) and then dividing by 100. Percent changes calculated from real quantity indexes and chained-dollar levels are conceptually the same; any differences are due to rounding. Chained-dollar values are not additive because the relative weights for a given period differ from those of the reference year. In tables that display chained-dollar values, a 'residual' line shows the difference between the sum of detailed chained-dollar series and its corresponding aggregate.

Updates to GDP

BEA releases three vintages of the current quarterly estimate for GDP: 'Advance' estimates are released near the end of the first month following the end of the quarter and are based on source data that are incomplete or subject to further revision by the source agency; 'second' and 'third' estimates are released near the end of the second and third months, respectively, and are based on more detailed and more comprehensive data as they become available.

2019 Quarters Value

Annual and comprehensive updates are typically released in late July. Annual updates generally cover at least the 5 most recent calendar years (and their associated quarters) and incorporate newly available major annual source data as well as some changes in methods and definitions to improve the accounts. Comprehensive (or benchmark) updates are carried out at about 5-year intervals and incorporate major periodic source data, as well as major conceptual improvements.

The table below shows the average revisions to the quarterly percent changes in real GDP between different estimate vintages, without regard to sign.

The larger average revision from the advance to the latest estimate reflects the fact that periodic comprehensive updates include major statistical and methodological improvements.

Unlike GDP, an advance current quarterly estimate of GDI is not released because data on domestic profits and on net interest of domestic industries are not available. For fourth quarter estimates, these data are not available until the third estimate.

By Office of Corporate Communications
February 7, 2019

In this video, Sculptor-Engraver Phebe Hemphill discusses her work on the Lowell National Historical Park Quarter.

More than 2,600 people, including 1,700 school children, gathered at Lowell Memorial Auditorium in Massachusetts to witness the launch of the United States Mint’s newest quarter honoring their state. The Lowell National Historical Park quarter is the 46th coin in the America the Beautiful Quarters® Program and the first quarter to be introduced into circulation in 2019.

The Lowell High School Air Force Junior ROTC presented the colors, Lowell High School Senior Class President Eunice Tabea led the Pledge of Allegiance, and the Lowell High School Chorus sang a beautiful rendition of the National Anthem.

To highlight the Women and Work theme, Lowell National Historical Park invited several female community leaders to emcee the event, including Lowell City Manager Eileen Donoghue, Chief Executive Officer of Community Teamwork, Inc. Karen Frederick, Executive Director of Coalition for a Better Acre Yun-Ju Choi, Chancellor of UMass Lowell Jacqueline Moloney, and the Superintendent of Lowell National Historical Park Celeste Bernardo.

The audience was treated to a performance by the Lowell High School Band playing “Mills on the Merrimack” while a video story of mill girls played on the projector screen. Former U.S. Representative Niki Tsongas addressed the audience, along with the Deputy Regional Director for the National Park Service Northeast Region Rosalyn Fennell.

Representing the United States Mint, Acting Associate Director Marc Landry spoke about the significance of the quarter’s design. “The depiction of the mill girl takes us back to the past at the forefront of America’s Industrial Revolution. The physical coin takes us to present day manufacturing processes; and finally, the coin in its entirety takes us into the future—inspiring tomorrow’s innovators, workforce and generations to follow.”

2019 Quarters Release Dates

Landry presented the National Park Service with the traditional shadowbox containing quarters from the first day of production from both Philadelphia and Denver. He also participated in the ceremonial coin pour with Superintendent Bernardo, Congresswoman Tsongas and Deputy Regional Director Fennell, pouring quarters into a water wheel emptying into an authentic steam trunk.

Jeanne D’Arc Credit Union in Lowell, Massachusetts, was on site for the coin exchange following the launch ceremony. The line stretched around the auditorium, with Jeanne D’Arc exchanging $24,000 in quarters in less than an hour.

The U.S. Mint also hosted a coin forum with near record attendance of 103 people on Tuesday, Feb. 5, at the Lowell National Historical Park Visitor Center.

Additional Resources

Games

In honor of the 2019 Lowell National Historical Park quarter, we launched a new game, Textile Tales. This ‘Choose Your Own Adventure’ game allows students to explore the history of Lowell and the Industrial Revolution.

Try your hand at finding key terms relating to Lowell in the U.S. Mint’s online twist on the classic word search game, Word Quest. This game is a great supplemental tool to reinforce key terms for students studying the history of Lowell and its significance to the American Industrial Revolution.

2019 Quarters Minted At West Point

Lesson Plans

Looking for ideas or resources related to Lowell National Historical Park? Check out the following free lesson plans:

• Technology and Labor Reform: The Role of Lowell in the Industrial Revolution (Grades 4-6): Using the 2019 America the Beautiful Quarter about Lowell National Historical Park in Massachusetts, students will learn about the history of the Lowell textile mills and explore their significance to the Industrial Revolution.
• Tsongas Industrial History Center Lesson Plan: From Farm to Factory: The Nutter’s Workday (Grades 3-6): Life changed dramatically for those who left family farms to work in the growing mill cities of New England. Follow Emily and Edward Nutter through a typical day on their farm, and a typical day in the factory. Students will learn about both ways of life and compare them with their own lives today.
• Tsongas Industrial History Center Lesson Plan: Decide Eliza Paige’s Future (Grades 4-8): Students use the web-based Bringing History Home – Decide Eliza Paige’s Future to learn about the lives of mill workers in the early industrial city of Lowell.

2019 Quarters Mint

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