February 28, 2020

Personal Income and Outlays, January 2020

Personal income increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December.

Principal Federal Economic Indicators

Gross Domestic Product Q4 2019 +2.1%
Personal Income January 2020 +0.6%
International Trade in Goods & Services (Trade Balance) December 2019 -$48.9B
U.S. International Transactions (Current Account Balance) Q3 2019 -$124.1B

The BEA Wire | BEA's Official Blog

Personal Income and Outlays, January 2020

February 28, 2020

Personal income increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December.

GDP Increases in Fourth Quarter

February 27, 2020

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate is the same as in the “advance” estimate released in January. In the third quarter, real GDP also increased 2.1 percent.

Exploring the Space Economy

February 6, 2020

BEA has launched a research project to measure the multibillion-dollar U.S. space economy, such as satellites, rocket launches, and benefits like GPS navigation here on Earth.

The goal is to create a prototype set of statistics showing the space sector’s impact on the national economy. We are researching how to measure both public programs and private endeavors, with emphasis on capturing the value of the expanding commercial space…

December 2019 Trade Gap is $48.9 Billion

February 5, 2020

The U.S. monthly international trade deficit increased in December 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.7 billion in November (revised) to $48.9 billion in December, as imports increased more than exports. The previously published November deficit was $43.1 billion. The goods deficit increased $5.1 billion in December to $69.7 billion. The services surplus decreased…

2019 Trade Gap is $616.8 Billion

February 5, 2020

The U.S. international trade deficit decreased in 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $627.7 billion in 2018 to $616.8 billion in 2019, as imports decreased more than exports. As a percentage of U.S. gross domestic product, the goods and services deficit was 2.9 percent in 2019, down from 3.0 percent in 2018. The goods deficit decreased from $887.3 billion in 2018 to $…

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