• U.S. International Trade in Goods and Services, February 2024

    The U.S. goods and services trade deficit increased in February 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.6 billion in January (revised) to $68.9 billion in February, as imports increased more than exports. The goods deficit decreased $0.3 billion in February to $91.4 billion. The services surplus decreased $1.6 billion in February to $22.5 billion.Full Text
  • Gross Domestic Product by State and Personal Income by State, 4th Quarter 2023 and Preliminary 2023

    Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2023, with the percent change ranging from 6.7 percent in Nevada to 0.2 percent in Nebraska.Full Text
  • Personal Income and Outlays, February 2024

    Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income (DPI)-personal income less personal current taxes-increased $50.3 billion (0.2 percent). Consumer spending increased $145.5 billion (0.8 percent). Personal saving was $745.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.6 percent in February. Personal outlays-the sum of personal consumption expenditures (PCE), personal interest
  • Gross Domestic Product, Fourth Quarter and Year 2023 (Third Estimate), GDP by Industry, and Corporate Profits

    Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023, according to the "third" estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending, state and local government spending, exports, nonresidential fixed investment, federal government spending, and residential fixed investment that were partly offset by a decrease in private inventory investment. Impo
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  • U.S. International Investment Position, 4th Quarter and Year 2023

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$19.77 trillion at the end of the fourth quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $34.54 trillion, and liabilities were $54.31 trillion. At the end of the third quarter, the net investment position was -$18.11 trillion (revised).Full Text
  • Arts and Cultural Production Satellite Account, U.S. and States, 2022

    The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 4.8 percent in 2022 after increasing 10.8 percent in 2021. By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 1.9 percent in 2022 after increasing 5.8 percent in 2021. Arts and cultural economic activity accounted for 4.3 percent of GDP, or $1.10 trillion, in 2
  • U.S. International Transactions, 4th Quarter and Year 2023

    The U.S. current-account deficit narrowed by $1.6 billion, or 0.8 percent, to $194.8 billion in the fourth quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $196.4 billion. The fourth-quarter deficit was 2.8 percent of current-dollar gross domestic product, down less than 0.1 percent from the third quarter.Full Text
  • U.S. International Trade in Goods and Services, January 2024

    The U.S. monthly international trade deficit increased in January 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $64.2 billion in December (revised) to $67.4 billion in January, as imports increased more than exports. The goods deficit increased $3.0 billion in January to $91.6 billion. The services surplus decreased $0.3 billion in January to $24.2 billion.Full Text
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  • Personal Income and Outlays, January 2024

    Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)-personal income less personal current taxes-increased $67.6 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $54.3 billion (0.3 percent) and consumer spending increased $43.9 billion (0.2 percent). Personal saving was $779.3 billion and the personal saving rate-
  • Gross Domestic Product, Fourth Quarter and Year 2023 (Second Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the "second" estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending, exports, as well as state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.Full Text
  • U.S. International Investment Position, 3rd Quarter 2023

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$18.16 trillion at the end of the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.91 trillion, and liabilities were $51.07 trillion. At the end of the second quarter, the net investment position was -$18.14 trillion (revised).Full Text
  • Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2023

    Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 9.7 percent in Kansas to 0.7 percent in Arkansas. Current-dollar personal income increased in 49 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 5.2 percent in Texas to 0.0 percent in Arkansas.Full Text
  • Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2022

    Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to -3.2 percent in New Hampshire.Full Text
  • Gross Domestic Product by County and Metropolitan Area, 2022

    In 2022, real gross domestic product (GDP) increased in 1,780 counties, decreased in 1,296 counties, and was unchanged in 38 counties. The percent change in real GDP ranged from 71.1 percent in Chouteau County, MT, to -57.6 percent in Kiowa County, CO.Full Text
  • Gross Domestic Product by State, 2nd Quarter 2023 and Comprehensive Update

    Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 8.7 percent in Wyoming to -1.9 percent in Vermont.Full Text
  • Gross Domestic Product by Industry, 2nd Quarter 2023 and Comprehensive Update

    In the second quarter, the value added of private goods-producing industries increased 7.7 percent, private services-producing industries increased 1.0 percent, and government increased 1.0 percent. Overall, 13 of 22 industry groups contributed to the 2.1 percent increase in second-quarter real GDP.Full Text
  • Outdoor Recreation Satellite Account, U.S. and States, 2022

    The value added of the outdoor recreation economy accounted for 2.2 percent ($563.7 billion) of current-dollar gross domestic product (GDP) for the nation in 2022. At the state level, value added for outdoor recreation as a share of state GDP ranged from 5.6 percent in Hawaii to 1.4 percent in Connecticut. The share was 0.9 percent in the District of Columbia.Full Text
  • Activities of U.S. Multinational Enterprises, 2021

    Worldwide employment by U.S. multinational enterprises (MNEs) increased 1.1 percent to 43.3 million workers in 2021 (preliminary) from 42.9 million workers in 2020 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA) on the operations and finances of U.S. parent companies and their foreign affiliates.Full Text
  • Personal Income by County and Metropolitan Area, 2022

    In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.Full Text
  • Gross Domestic Product for American Samoa, 2022

    Real gross domestic product (GDP) for American Samoa increased 1.8 percent in 2022 after decreasing 0.8 percent in 2021. The increase in real GDP reflected increases in government spending and exports. Personal consumption expenditures, private fixed investment, and private inventory investment subtracted from growth. Imports, a subtraction item in the calculation of GDP, also decreased.Full Text
  • Personal Consumption Expenditures by State, 2022

    Nationally, personal consumption expenditures (PCE), in current dollars, increased 9.2 percent in 2022 after increasing 12.9 percent in 2021. PCE increased in all 50 states and the District of Columbia, with the percent change ranging from 11.8 percent in Idaho to 6.4 percent in Louisiana.Full Text
  • Personal Income by State, 2nd Quarter 2023

    Personal income, in current dollars, increased in 49 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 6.1 percent in New York and the District of Columbia to -2.7 percent in Maine.Full Text
  • Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2021

    Majority-owned U.S. affiliates of foreign multinational enterprises employed 7.94 million workers in the United States in 2021, a 2.9 percent increase from 7.71 million workers in 2020, according to the U.S. Bureau of Economic Analysis (BEA). These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2021.Full Text
  • U.S. International Trade in Goods and Services, June 2023

    The U.S. monthly international trade deficit decreased in June 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $68.3 billion in May (revised) to $65.5 billion in June as imports decreased more than exports. The goods deficit decreased $2.8 billion in June to $88.2 billion. The services surplus decreased less than $0.1 billion in June to $22.7 billion.Full Text
  • Gross Domestic Product for Puerto Rico, 2021

    Real gross domestic product (GDP) for Puerto Rico increased 4.0 percent in 2021 after decreasing 6.2 percent in 2020. The increase in real GDP in 2021 primarily reflected an increase in personal consumption expenditures. Private fixed investment also increased. These increases were partly offset by decreases in exports, private inventory investment, and government spending. Imports, which is a subtraction item in the calculation of GDP, increased.Full Text | En espanol
  • Personal Income and Outlays, June 2023

    Personal income increased $69.5 billion (0.3 percent at a monthly rate) in June. Disposable personal income (DPI)-personal income less personal current taxes- increased $67.5 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments-increased $109.4 billion (0.6 percent) and consumer spending increased $100.4 billion (0.5 percent). Personal saving was $862.4 billion and the personal saving rate-persona
  • Gross Domestic Product, Second Quarter 2023 (Advance Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to ?Source Data for the Advance Estimate? on page 2). The ?second? estimate for the second quarter, based on mor
  • Direct Investment by Country and Industry, 2022

    The U.S. direct investment abroad position, or cumulative level of investment, increased $212.2 billionto $6.58 trillion at the end of 2022 from $6.37 trillion at the end of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $172.8 billion increase in the position in Europe, primarily in the Netherlands and the United Kingdom. By industry, manufacturing affiliates had the largest increase. The foreign direct investment in the United Sta
  • New Foreign Direct Investment in the United States, 2022

    Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5 billion in 2022, down $185.1 billion from $362.6 billion in 2021.Full Text
  • U.S. International Trade in Goods and Services, May 2023

    The U.S. monthly international trade deficit decreased in May 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $74.4 billion in April (revised) to $69.0 billion in May as imports decreased more than exports. The goods deficit decreased $4.8 billion in May to $91.3 billion. The services surplus increased $0.7 billion in May to $22.3 billion.Full Text
  • Gross Domestic Product by State and Personal Income by State, 1st Quarter 2023

    Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2023, with the percent change in real GDP ranging from 12.4 percent in North Dakota to 0.1 percent in Rhode Island and Alabama.Personal income, in current dollars, increased in 48 states and the District of Columbia in the first quarter, with the percent change ranging from 11.4 percent in Maine to -1.0 percent in Indiana.Full Text
  • Personal Income and Outlays, May 2023

    Personal income increased $91.2 billion (0.4 percent at a monthly rate) in May. Disposable personal income (DPI) - personal income less personal current taxes - increased $86.7 billion (0.4 percent). Personal outlays - the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments - increased $22.7 billion (0.1 percent) and consumer spending increased $18.9 billion (0.1 percent). Personal saving was $910.3 billion and the personal saving rate - p
  • Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, First Quarter 2023

    Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2023, according to the "third" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.7 percentage point from the "second" estimate, primarily reflecting upward revisions to exports and consumer spending. Profits decreased 4.1 percent at a quarterly rate in the first quarter after decreasing 2.0 percent in the fourth quarte
  • U.S. International Investment Position, 1st Quarter 2023 and Annual Update

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$16.75 trillion at the end of first quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.74 trillion, and liabilities were $49.49 trillion. At the end of the fourth quarter of 2022, the net investment position was -$16.17 trillion (revised).Full Text
  • U.S. International Transactions, 1st Quarter 2023 and Annual Update

    The U.S. current-account deficit widened by $3.1 billion, or 1.5 percent, to $219.3 billion in the first quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $216.2 billion. The first-quarter deficit was 3.3 percent of current-dollar gross domestic product, up less than 0.1 percent from the fourth quarter.Full Text
  • Marine Economy Satellite Account, 2021

    The Marine Economy Satellite Account (MESA) statistics released today by the U.S. Bureau of Economic Analysis (BEA) show the marine economy accounted for 1.9 percent, or $432.4 billion, of current-dollar U.S. gross domestic product (GDP) in 2021, an increase from 1.7 percent, or $363.2 billion, in 2020. The marine economy accounted for 1.8 percent, or $730.0 billion, of current-dollar gross output.Full Text
  • U.S. International Trade in Goods and Services, April 2023

    The U.S. monthly international trade deficit increased in April 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $60.6 billion in March (revised) to $74.6 billion in April as exports decreased and imports increased. The goods deficit increased $14.5 billion in April to $96.1 billion. The services surplus increased $0.6 billion in April to $21.6 billion.Full Text
  • Personal Income and Outlays, April 2023

    Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April. Disposable personal income (DPI) increased $79.4 billion (0.4 percent). Personal outlays increased $156.0 billion (0.8 percent) and consumer spending increased $151.7 billion (0.8 percent). Personal saving was $802.1 billion and the personal saving rate--personal saving as a percentage of disposable personal income--was 4.1 percent in April.Full Text
  • Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), First Quarter 2023

    Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the "second" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.2 percentage point from the "advance" estimate, primarily reflecting an upward revision to inventory investment.Profits decreased 5.1 percent at a quarterly rate in the first quarter after decreasing 2.0 percent in the fourth quarter.Full
  • Gross Domestic Product for the U.S. Virgin Islands, 2021

    Real gross domestic product (GDP) for the U.S. Virgin Islands increased 2.8 percent in 2021 after decreasing 1.9 percent in 2020. The increase in real GDP reflected increases in exports and personal consumption expenditures. These increases were partly offset by decreases in private inventory investment, private fixed investment, and government spending. Imports, a subtraction item in the calculation of GDP, also decreased.Full Text
  • U.S. International Trade in Goods and Services, March 2023

    The U.S. monthly international trade deficit decreased in March 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $70.6 billion in February (revised) to $64.2 billion in March as exports increased and imports decreased. The goods deficit decreased $6.4 billion in March to $86.6 billion. The services surplus decreased less than $0.1 billion in March to $22.4 billion.Full Text
  • Personal Income and Outlays, March 2023

    Personal income increased $67.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $8.2 billion, or less than 0.1 percent, in March. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in March, compared with 4.8 percent in February.Full Text
  • Gross Domestic Product, First Quarter 2023 (Advance Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023, according to the "advance" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The increase in the first quarter primarily reflected an increase in consumer spending that was partly offset by a decrease in inventory investment.Full Text
  • U.S. International Trade in Goods and Services, February 2023

    The U.S. monthly international trade deficit increased in February 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $68.7 billion in January (revised) to $70.5 billion in February, as exports decreased more than imports. The goods deficit increased $2.7 billion in February to $93.0 billion. The services surplus increased $0.8 billion in February to $22.4 billion.Full Text
  • Gross Domestic Product by State and Personal Income by State, 4th Quarter 2022 and Year 2022 (Preliminary)

    Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the fourth quarter of 2022, with the percent change in real GDP ranging from 7.0 percent in Texas to -4.3 percent in South Dakota. Personal income increased in 48 states and the District of Columbia in the fourth quarter of 2022, with the percent change ranging from 15.3 percent in Massachusetts to -2.5 percent in Colorado.Full Text
  • Personal Income and Outlays, February 2023

    Personal income increased $72.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $27.9 billion, or 0.2 percent, in February. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 4.6 percent in February, compared with 4.4 percent in January.Full Text
  • Gross Domestic Product, Fourth Quarter and Year 2022 (Third Estimate), GDP by Industry, and Corporate Profits

    Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.Profits decreased 2.0 percent in the fourth quarter after decreasing less than 0.1 percent in the third quarter.Private goods-producing industries increased 4.0 percent,
  • U.S. International Investment Position, 4th Quarter and Year 2022

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$16.12 trillion at the end of the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of the third quarter, the net investment position was -$16.84 trillion (revised).Full Text
  • U.S. International Transactions, 4th Quarter and Year 2022

    The U.S. current-account deficit narrowed by $12.2 billion, or 5.6 percent, to $206.8 billion in the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $219.0 billion. The fourth-quarter deficit was 3.2 percent of current-dollar gross domestic product, down from 3.4 percent in the third quarter.Full Text
  • Arts and Cultural Production Satellite Account, U.S. and States, 2021

    The Arts and Cultural Production Satellite Account released today by the Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 13.7 percent in 2021 after decreasing 4.8 percent in 2020. By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 5.9 percent in 2021 after decreasing 2.8 percent in 2020. Arts and cultural economic activity accounted for 4.4 percent of gross domestic product (GDP), or
23 Jun 2024

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