• 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
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  • 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
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  • 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
  • U.S. International Trade in Goods and Services, January 2023

    The U.S. monthly international trade deficit increased in January 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.2 billion in December (revised) to $68.3 billion in January, as imports increased more than exports. The goods deficit decreased $0.6 billion in January to $90.1 billion. The services surplus decreased $1.7 billion in January to $21.8 billion.Full Text
  • Personal Income and Outlays, January 2023

    Personal income increased $131.1 billion, or 0.6 percent at a monthly rate, while consumer spending increased $312.5 billion, or 1.8 percent, in January. The increase in personal income primarily reflected an increase in compensation. Government social benefits decreased in January, reflecting a decrease in "other" benefits that was partly offset by an increase in Social Security. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 4.7 percent in
  • Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 2.7 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.Full Text
  • U.S. International Trade in Goods and Services, December and Annual 2022

    The U.S. monthly international trade deficit increased in December 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.0 billion in November (revised) to $67.4 billion in December, as imports increased and exports decreased. The goods deficit increased $7.4 billion in December to $90.6 billion. The services surplus increased $1.0 billion in December to $23.2 billion.Full Text
  • Gross Domestic Product for the Commonwealth of the Northern Mariana Islands, 2020

    Real gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands (CNMI) decreased 29.7 percent in 2020 after decreasing 11.3 percent in 2019. The decrease in real GDP reflected decreases in exports of goods and services, private fixed investment, personal consumption expenditures, and government spending. Imports, a subtraction item in the calculation of GDP, also decreased. Full Text
  • Personal Income and Outlays, December 2022

    Personal income increased $49.5 billion, or 0.2 percent at a monthly rate, while consumer spending decreased $41.6 billion, or 0.2 percent, in December. The increase in personal income primarily reflected increases in compensation and proprietors' income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.4 percent in December, compared with 2.9 percent in November.Full Text
  • Gross Domestic Product, Fourth Quarter and Year 2022 (Advance Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 2.9 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.Full Text
  • U.S. International Trade in Goods and Services, November 2022

    The U.S. monthly international trade deficit decreased in November 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $77.8 billion in October (revised) to $61.5 billion in November, as imports decreased more than exports. The goods deficit increased $15.3 billion in November to $84.1 billion. The services surplus increased $1.0 billion in November to $22.5 billion. Full Text
  • U.S. International Investment Position, 3rd Quarter 2022

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$16.71 trillion at the end of the third quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $29.73 trillion, and liabilities were $46.44 trillion. At the end of the second quarter, the net investment position was -$16.29 trillion (revised).Full Text
  • Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2022

    Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2022, with the percent change in real GDP ranging from 8.7 percent in Alaska to -0.7 percent in Mississippi.Personal income increased in all 50 states and the District of Columbia in the third quarter, with the percent change ranging from 14.2 percent in Colorado to 1.4 percent in Kentucky.Full Text
  • Personal Income and Outlays, November 2022

    Personal income increased $80.1 billion, or 0.4 percent at a monthly rate, while consumer spending increased $19.8 billion, or 0.1 percent, in November. The increase in personal income primarily reflected increases in compensation and personal income receipts on assets. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.4 percent in November, compared with 2.2 percent in October.Full Text
  • Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), Third Quarter 2022

    Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment. Profits decreased less than 0.1 percent in the third quarter after increasing 4.6 percent in the second quarter. Private services-producing industries increased 4.9 percen
  • U.S. International Transactions, 3rd Quarter 2022

    The U.S. current-account deficit narrowed by $21.6 billion, or 9.1 percent, to $217.1 billion in the third quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $238.7 billion. The third-quarter deficit was 3.4 percent of current-dollar gross domestic product, down from 3.8 percent in the second quarter.Full Text
  • Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2021

    Real personal consumption expenditures (PCE) by state increased in all 50 states and the District of Columbia in 2021. The percent change in real PCE across all 50 states and the District of Columbia ranged from 12.5 percent in Utah to 2.0 percent in West Virginia.Full Text
  • Gross Domestic Product by County, 2021

    Real gross domestic product (GDP) increased in 2,404 counties, decreased in 691 counties, and was unchanged in 17 counties in 2021. The percent change in real GDP ranged from 81.8 percent in Coke County, TX, to ?34.8 percent in Chouteau County, MT.Full Text
  • U.S. International Trade in Goods and Services, October 2022

    The U.S. monthly international trade deficit increased in October 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $74.1 billion in September (revised) to $78.2 billion in October, as imports increased and exports decreased. The goods deficit increased $6.1 billion in October to $99.6 billion. The services surplus increased $2.1 billion in October to $21.4 billion.Full Text
  • Personal Income and Outlays, October 2022

    Personal income increased $155.3 billion, or 0.7 percent at a monthly rate, while consumer spending increased $147.9 billion, or 0.8 percent, in October. The increase in personal income primarily reflected increases in compensation and personal current transfer receipts. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 2.3 percent in October, compared with 2.4 percent in September.Full Text
  • Gross Domestic Product, (Second Estimate) and Corporate Profits (Preliminary), 3rd Quarter 2022

    Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.Full Text
  • Activities of U.S. Multinational Enterprises, 2020

    Worldwide employment by U.S. multinational enterprises (MNEs) decreased 1.8 percent to 42.4 million workers in 2020 (preliminary) from 43.2 million workers in 2019 (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, 2021

    In 2021, personal income increased in 3,075 counties, decreased in 36, and was unchanged in 3. Personal income increased 7.4 percent in the metropolitan portion of the United States and 7.7 percent in the nonmetropolitan portion.Full Text
  • Outdoor Recreation Satellite Account, U.S. and States, 2021

    The outdoor recreation economy accounted for 1.9 percent ($454.0 billion) of current-dollar gross domestic product (GDP) for the nation in 2021. At the state level, outdoor recreation value added as a share of GDP ranged from 4.8 percent in Hawaii to 1.3 percent in New York and Connecticut. The share was 0.9 percent in the District of Columbia.Full Text
  • U.S. International Trade in Goods and Services, September 2022

    The U.S. monthly international trade deficit increased in September 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $65.7 billion in August (revised) to $73.3 billion in September, as imports increased and exports decreased. The goods deficit increased $6.6 billion in September to $92.7 billion. The services surplus decreased $1.0 billion in September to $19.5 billion.Full Text
  • Gross Domestic Product for Guam, 2021

    Real gross domestic product (GDP) for Guam increased 1.1 percent in 2021 after decreasing 11.4 percent in 2020. The increase in real GDP reflected increases in personal consumption expenditures, government spending, and private fixed investment. These increases were partly offset by a decline in exports of goods and services. Imports, a subtraction item in the calculation of GDP, increased.Full Text
  • Personal Income and Outlays, September 2022

    Personal income increased $78.9 billion, or 0.4 percent at a monthly rate, while consumer spending increased $113.0 billion, or 0.6 percent, in September. The increase in personal income primarily reflected increases in compensation and personal income receipts on assets. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.1 percent in September, compared with 3.4 percent in August.Full Text
  • Gross Domestic Product, 3rd Quarter 2022 (Advance Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.Full Text
  • Personal Consumption Expenditures by State, 2021

    State personal consumption expenditures (PCE) increased 12.7 percent in 2021 after decreasing 1.9 percent in 2020. The percent change in PCE across all 50 states and the District of Columbia ranged from 16.3 percent in Utah to 9.4 percent in New York.Full Text
  • U.S. International Trade in Goods and Services, August 2022

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in August, down $3.1 billion from $70.5 billion in July, revised. August exports were $258.9 billion, $0.7 billion less than July exports. August imports were $326.3 billion, $3.7 billion less than July imports.Full Text
  • Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2022

    Real gross domestic product (GDP) decreased in 40 states and the District of Columbia in the second quarter of 2022, with the percent change in real GDP ranging from 1.8 percent in Texas to -4.8 percent in Wyoming.Full Text
  • Personal Income and Outlays, August 2022 and Annual Update

    Personal income increased $71.6 billion, or 0.3 percent at a monthly rate, while consumer spending increased $67.5 billion, or 0.4 percent, in August. The increase in personal income primarily reflected increases in compensation and proprietors' income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.5 percent in August, the same rate as in July.Full Text
  • Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual Update

    Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The second-quarter decrease was the same as previously estimated in the "second" estimate released in August. The smaller decrease in the second quarter, compared to the first quarter, reflected an upturn in exports and an acceleration in consumer spending. Profits increased 4.6 percent at a quarterly rate in the second quarter afte
  • U.S. International Investment Position, 2nd Quarter 2022

    The U.S. net international investment position (IIP), the difference between U.S. residents' foreign financial assets and liabilities, was -$16.31 trillion at the end of the second quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $30.98 trillion, and liabilities were $47.29 trillion. At the end of the first quarter, the net investment position was -$17.75 trillion.Full Text
  • U.S. International Transactions, 2nd Quarter 2022

    The U.S. current-account deficit narrowed by $31.5 billion, or 11.1 percent, to $251.1 billion in the second quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $282.5 billion. The second-quarter deficit was 4.0 percent of current-dollar gross domestic product, down from 4.6 percent in the first quarter.Full Text
  • U.S. International Trade in Goods and Services, July 2022

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.6 billion in July, down $10.2 billion from $80.9 billion in June, revised. July exports were $259.3 billion, $0.5 billion more than June exports. July imports were $329.9 billion, $9.7 billion less than June imports.Full Text
  • Gross Domestic Product for American Samoa, 2021

    Real gross domestic product (GDP) for American Samoa decreased 1.7 percent in 2021 after increasing 5.0 percent in 2020. The decrease in real GDP reflected decreases in exports and private inventory investment. These decreases were partly offset by increases in personal consumption expenditures, government spending, and private fixed investment.Full Text
  • Personal Income and Outlays, July 2022

    Personal income increased $47.0 billion, or 0.2 percent at a monthly rate, while consumer spending increased $23.7 billion, or 0.1 percent, in July. 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 5.0 percent in July, the same rate as in June.Full Text
  • Gross Domestic Product, (Second Estimate) and Corporate Profits (Preliminary), Second Quarter 2022

    Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The second-quarter decrease was revised up 0.3 percentage point from the "advance" estimate released in July. The smaller decrease in the second quarter, compared to the first quarter, primarily reflected an upturn in exports and a smaller decrease in federal government spending.Profits increased 6.1 percent at a quarterly rate in t
  • Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2020

    Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises employed 7.86 million workers in the United States in 2020, a 2.8 percent decrease from 8.08 million workers in 2019, according to the U.S. Bureau of Economic Analysis. MOUSAs accounted for 6.4 percent of total private-industry employment in the United States in 2020.Full Text

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