Real GDP increased 2.5 percent after increasing 1.7 percent in the second quarter. Imports slowed. Inventory investment and consumer spending picked up. Residential investment turned down.
Net government saving increased $32.8 billion to –$1,288.0 billion. Net federal government saving decreased $1.5 billion to –$1,388.0 billion. Net state and local government saving increased $34.2 billion to $50.0 billion.
On November 30, 2010, BEA jointly celebrated the 75th anniversary of the national accounts and GDP as well as outstanding performances by its employees in 2010.
This update examines the effects of R&D on economic growth. It includes statistics on R&D-intensive industries and national, regional, and international statistics.
The bilateral current-account estimates of the United States and Canada are reconciled to show how the estimates would appear if both countries used the same definitions, methodologies, and data sources.
Real GDP decreased in 38 states and in all eight BEA regions in 2009. The nationwide decline reflected declines in durable-goods manufacturing and construction.