May 26, 2023

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.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2023 (2nd)
+1.3%
Personal Income
April 2023
+0.4%
International Trade in Goods and Services
March 2023
-$64.2 B
International Transactions
Q4 2022
-$206.8 B

Noteworthy

The BEA Wire | BEA's Official Blog

Personal Income and Outlays, April 2023

May 26, 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.

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) First Quarter 2023

May 25, 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.

Gross Domestic Product for the U.S. Virgin Islands, 2021

May 22, 2023

Real gross domestic product (GDP) for the U.S. Virgin Islands increased 2.8 percent in 2021 after decreasing 1.9 percent in 2020, according to statistics released today by the U.S. Bureau of Economic Analysis.

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.…

March 2023 Trade Gap is $64.2 Billion

May 4, 2023

The U.S. goods and services trade 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 to $86.6 billion, and the services surplus decreased less than $0.1 billion to $22.4 billion.

Patricia Abaroa Named New BEA Deputy Director

May 1, 2023

Patricia Abaroa is the new Deputy Director of the Bureau of Economic Analysis, bringing decades of economic accounting experience to the post.

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