January 31, 2023

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.

Principal Federal Economic Indicators

Gross Domestic Product
Q4 2022 (Adv)
+2.9%
Personal Income
December 2022
+0.2%
International Trade in Goods and Services
November 2022
-$61.5 B
International Transactions
Q3 2022
-$217.1 B

Noteworthy

The BEA Wire | BEA's Official Blog

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands, 2020

January 31, 2023

Real gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands decreased 29.7 percent in 2020, after decreasing 11.3 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.

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…

Personal Income and Outlays, December 2022

January 27, 2023

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.

Gross Domestic Product, Fourth Quarter 2022 and Year 2022 (Advance Estimate)

January 26, 2023

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.

Survey of Current Business Begins Rolling Schedule, New Website

January 9, 2023

BEA’s journal of record, the Survey of Current Business, is starting 2023 by publishing articles more quickly, with a new website that makes content easier to find.

Beginning today, the Survey will publish individual articles, visual essays, statistical tables, and other content when they are ready, instead of holding them to publish together as a single online issue each month.

November 2022 Trade Gap is $61.5 Billion

January 5, 2023

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 decreased $15.3 billion in November to $84.1 billion. The services surplus increased $1.0 billion in November to $22.5 billion.

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