September 25, 2023

Experimental Data Map Health Care Estimates in GDP to Centers for Medicare & Medicaid Framework

Today BEA is introducing new experimental data that map our health care estimates in gross domestic product to the framework of CMS’ National Health Expenditures Account, allowing researchers to get an earlier look at 2022 health care spending numbers. The experimental data show health care spending in 2022 rose to more than $4.3 trillion, while the share of GDP declined to 17.8 percent, from an 18.2 percent share in 2021.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2023 (2nd)
+2.1%
Personal Income
July 2023
+0.2%
International Trade in Goods and Services
July 2023
-$65.0 B
International Transactions
Q2 2023
-$212.1 B

Noteworthy

The BEA Wire | BEA's Official Blog

Experimental Data Map Health Care Estimates in GDP to Centers for Medicare & Medicaid Framework

September 25, 2023

Today BEA is introducing new experimental data that map our health care estimates in gross domestic product to the framework of CMS’ National Health Expenditures Account, allowing researchers to get an earlier look at 2022 health care spending numbers. The experimental data show health care spending in 2022 rose to more than $4.3 trillion, while the share of GDP declined to 17.8 percent, from an 18.2 percent share in 2021. 

U.S. Current-Account Deficit Narrows in 2nd Quarter 2023

September 21, 2023

The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $2.4 billion, or 1.1 percent, to $212.1 billion in the second quarter of 2023. The narrowing primarily reflected expanded surpluses on services and on primary income that were mostly offset by an expanded deficit on goods. The second-quarter deficit was 3.2…

Health Care Statistics Updated With Improved Drug Price Data

September 18, 2023

The Bureau of Economic Analysis today updated its supplemental health care statistics with an improved methodology that shows the growing role of prescription drug rebates over two decades. After subtracting the rebates, BEA's estimate of health care spending in 2020 was reduced by $158 billion, or 5.3 percent, from the previous estimate for 2020.

July 2023 Trade Gap is $65.0 Billion

September 6, 2023

The U.S. goods and services trade deficit increased from $63.7 billion in June (revised) to $65.0 billion in July, as imports increased more than exports. The goods deficit increased $2.0 billion to $90.0 billion, and the services surplus increased $0.7 billion to $25.0 billion.

Benchmark Updates of GDP and More Starting Sept. 28

September 5, 2023

For the first time, the Bureau of Economic Analysis will produce its benchmark updates of the nation’s gross domestic product and related industry and state statistics within the same timeframe. The updates will begin with initial results Sept. 28 and 29.

Previously, the benchmark updates of national, industry, and state data were conducted separately and spread over five months. Coordinating these statistics allows data users to…