November 25, 2020

Gross Domestic Product and Personal Income and Outlays

Gross Domestic Product, 3rd Quarter 2020 (Second Estimate)
Corporate Profits, 3rd Quarter 2020 (Preliminary Estimate)

Gross Domestic Product, 3rd Quarter 2020 (Second Estimate): Corporate Profits, 3rd Quarter 2020 (Preliminary Estimate)

Real GDP: Percent change from preceding quarter

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The increase is the same as in the 'advance' estimate released in October. In the second quarter of 2020, real GDP decreased 31.4 percent.

Current GDP Release

Personal Income and Outlays, October 2020

Personal Income and Outlays, October 2020 Chart

Real Disposable Personal Income and Real Consumer Spending

Personal income decreased 0.7 percent while consumer spending increased 0.5 percent in October as federal economic recovery payments and pandemic-related assistance programs continued to wind down.

Current PI&O Release

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2020 (2nd)
+33.1%
Personal Income
October 2020
-0.7%
International Trade in Goods and Services
September 2020
-$63.9B
International Transactions
Q2 2020
-$170.5 B

Noteworthy

The BEA Wire | BEA's Official Blog

Personal Income and Outlays, October 2020

November 25, 2020

Personal income decreased 0.7 percent while consumer spending increased 0.5 percent in October as federal economic recovery payments and pandemic-related assistance programs continued to wind down.

Gross Domestic Product, Third Quarter 2020 (Second Estimate) Corporate Profits, Third Quarter 2020 (Preliminary Estimate)

November 25, 2020

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The increase is the same as in the “advance” estimate released in October. In the second quarter of 2020, real GDP decreased 31.4 percent. For more details, including source data, see the Technical Note.  

Personal Income by County and Metropolitan Area, 2019

November 17, 2020

In 2019, personal income increased in 2,964 counties, decreased in 139, and was unchanged in 10. Personal income increased 4.0 percent in the metropolitan portion of the United States and increased 3.5 percent in the nonmetropolitan portion.

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2018

November 13, 2020

Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.8 million workers in the United States in 2018, a 1.9 percent increase from 7.7 million in 2017, according to the Bureau of Economic Analysis.

Outdoor Recreation Satellite Account, U.S. and States, 2019

November 10, 2020

The new U.S. data show that the outdoor recreation economy accounted for 2.1 percent ($459.8 billion) of current-dollar gross domestic product (GDP) for the nation in 2019. At the state level, outdoor recreation value added as a share of state GDP ranged from 5.8 percent in Hawaii to 1.3 percent in Connecticut. The share was 1.1 percent in the District of Columbia.

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