Wholesale trade; mining; and information were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2018. Overall, 15 of 22 industry groups contributed to the 2.2 percent increase in real GDP in the fourth quarter.
The BEA Wire | BEA's Official Blog
The U.S. monthly international trade deficit decreased in February 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $51.1 billion in January (revised) to $49.4 billion in February, as exports increased more than imports. The previously… Read More
The digital economy accounted for 6.9 percent of the U.S. gross domestic product, or $1.35 trillion, in 2017, according to a new batch of statistics released by the Bureau of Economic Analysis… Read More
By the end of April, key national economic indicators will be on their original 2019 schedule, as the Bureau of Economic Analysis’ timetable of releases continues to recover from disruptions earlier in the year.
The advance, or first, estimate of gross domestic product for the first… Read More
The U.S. net international investment position decreased to −$9,717.1 billion (preliminary) at the end of the fourth quarter of 2018 from −$9,634.8 billion (revised) at the end of the third quarter. The $82.4 billion decrease reflected net financial transactions of −$199.2 billion and net other… Read More
The U.S. net international investment position decreased to −$9,717.1 billion (preliminary) at the end of 2018 from −$7,725.0 billion at the end of 2017. The $1,992.1 billion decrease reflected net financial transactions of −$519.6 billion and net other changes in position, such as price and… Read More
Personal income increased 0.2 percent in February after decreasing 0.1 percent in January. Wages and salaries, the largest component of personal income, increased 0.3 percent in February, the same increase as in January.
Real gross domestic product (GDP) increased 2.2 percent in the fourth quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.4 percentage point from the “initial” estimate released in February. In the third quarter, real… Read More
The U.S. current-account deficit increased to $488.5 billion (preliminary) in 2018 from $449.1 billion in 2017. As a percentage of U.S. GDP, the deficit increased to 2.4 percent from 2.3 percent.
The U.S. monthly international trade deficit decreased in January 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $59.9 billion in December (revised) to $51.1 billion in January, as exports increased and imports decreased. The… Read More
The U.S. international trade deficit increased in 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $552.3 billion in 2017 to $622.1 billion in 2018, as imports increased more than exports. As a percentage of U.S. gross domestic product… Read More
State personal income increased 4.5 percent in 2018, after increasing 4.4 percent in 2017. In 2018, personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.8 percent in Washington to 2.9 percent in Hawaii.