May 05, 2020

U.S. International Trade in Goods and Services, March 2020

The U.S. monthly international trade deficit increased in March 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.8 billion in February (revised) to $44.4 billion in March, as exports decreased more than imports. The previously published February deficit was $39.9 billion. The goods deficit increased $4.6 billion in March to $65.6 billion. The services surplus decreased $0.1 billion in March to $21.2 billion.

Principal Federal Economic Indicators

Gross Domestic Product Q1 2020 -4.8%
Personal Income March 2020 -2.0%
International Trade in Goods & Services (Trade Balance) March 2020 -$44.4B
U.S. International Transactions (Current Account Balance) Q4 2019 -$109.8B

The BEA Wire | BEA's Official Blog

March 2020 Trade Gap is $44.4 Billion

May 5, 2020

The U.S. monthly international trade deficit increased in March 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.8 billion in February (revised) to $44.4 billion in March, as exports decreased more than imports. The previously published February deficit was $39.9 billion. The goods deficit increased $4.6 billion in March to $65.6 billion. The services surplus decreased $0.1…

Personal Income and Outlays, March 2020

April 30, 2020

Personal income decreased 2.0 percent in March after increasing 0.6 percent in February. Wages and salaries, the largest component of personal income, decreased 3.1 percent in March after increasing 0.5 percent in February.  

Gross Domestic Product, First Quarter 2020

April 29, 2020

Real gross domestic product (GDP) decreased 4.8 percent in the first quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent.

Gross Domestic Product by State: 4th Quarter 2019

April 7, 2020

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia.

Gross Domestic Product by Industry: Fourth Quarter 2019

April 6, 2020

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

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