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January 2004 - Volume 84 - Number 1

Business Situation: Final Estimates for the Third Quarter of 2003

The acceleration in the pace of U.S. production in the third quarter of 2003 was confirmed by the final estimates. Real GDP increased 8.2 percent, the same rate shown by the preliminary estimates released in November. The acceleration reflected strong consumer spending and an improved trade balance. Inflation was moderate: The price index for gross domestic purchases increased 1.8 percent after increasing 0.4 percent, partly reflecting an upturn in energy prices. PDF XLS

Preview of Selected Tables From the 2003 Comprehensive Revision of the National Income and Product Accounts

This preview presents revised annual estimates for 1999-2002 and quarterly estimates for the first quarter of 2000 through the third quarter of 2003 for selected tables from the national income and product accounts. PDF | Interactive Data

An Ownership-Based Framework of the U.S. Current Account, 1992-2002

BEA's ownership-based current account has been updated. This report presents revised estimates for 1992-2000, new detailed estimates for 2001, and new summary estimates for 2002. This framework supplements BEA's international transactions accounts by highlighting the participation of multinational companies in the international markets for goods and services through both cross-border trade and sales by local affiliates. PDF

U.S. International Transactions, Third Quarter 2003

The U.S. current-account deficit decreased $4.4 billion, to $135.0 billion, in the third quarter. The decrease was attributable to a decrease in the deficit on goods, to increases in the surpluses on services and on income, and to a decrease in net outflows for unilateral current transfers. In the financial account, net recorded inflows decreased $26.7 billion, to $123.3 billion. Both financial inflows for foreign-owned assets in the United States and financial outflows for U.S.-owned assets abroad decreased substantially, but the decrease in inflows was larger than that in outflows. PDF | Interactive Data

Errata: Selected Data for Majority-Owned Nonbank Foreign Affiliates by Country of Affiliate

The data now include the final estimates of research and development expenditures of majority-owned nonbank foreign affiliates, U.S. exports of goods shipped to these affiliates, and U.S. imports of goods shipped by these affiliates for 2000. These estimates replace the estimates published in the article on the operations of U.S. multinational companies in the November 2003 Survey. PDF

Looking Ahead

Improved NIPA Estimates for 1929-2003. The February 2004 Survey will include an article that describes the comprehensive revision in detail and an extensive set of tables that will present the revised estimates.

BEA Current and Historical Data

National Data

  • Domestic perspectives | PDF
  • Charts | PDF

International Data

  • Transactions tables PDF
  • Investment tables PDF
  • International perspectives | PDF
  • Charts | PDF

Regional Data

  • State and regional tables | PDF
  • Local area table | PDF
  • Charts | PDF

Appendixes

  • Additional information about the NIPA estimatesPDF
  • Suggested reading | PDF