September 19, 2019

U.S. International Transactions, 2nd quarter 2019

The U.S. current account deficit narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019, according to statistics from the Bureau of Economic Analysis. The revised first quarter deficit was $136.2 billion. The second quarter deficit was 2.4 percent of current dollar gross domestic product, down from 2.6 percent in the first quarter.

Principal Federal Economic Indicators

Gross Domestic Product Q2 2019 +2.0%
Personal Income July 2019 +0.1%
International Trade in Goods & Services (Trade Balance) July 2019 -$54.0B
U.S. International Transactions (Current Account Balance) Q2 2019 -$128.2B

The BEA Wire | BEA's Official Blog

U.S. Current Account Deficit Narrows in Second Quarter 2019

September 19, 2019

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 $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019. The narrowing mainly reflected an expanded surplus on primary income. The second quarter deficit was 2.4 percent of current dollar gross domestic product, down from 2.6 percent in…

Coming Soon: State Outdoor Recreation Statistics

September 6, 2019

BEA will release prototype statistics on Sept. 20 showing the role that outdoor recreation – pursuits like bicycling, RVing, and fishing – plays in each state’s economy. This will mark the first time state data are included in BEA’s outdoor recreation statistics.   

An updated set of national outdoor recreation statistics will be released at the same time. Both the national and state data will cover 2012 through 2017.

BEA to Hold Sept. 10 Webinar on BE-140 Benchmark Survey of Insurance Services

September 5, 2019

BEA will conduct a webinar on Sept. 10 for those required to fill out the BE-140, a benchmark survey that collects information on insurance transactions between U.S. insurance companies and foreign persons.The one-hour webinar will start at 1 p.m. EDT and detail reporting requirements for the survey, which is due to the Bureau of Economic Analysis by Sept. 30.

July 2019 Trade Gap Is $54.0 Billion

September 4, 2019

The U.S. monthly international trade deficit decreased in July 2019, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.5 billion in June (revised) to $54.0 billion in July, as exports increased and imports decreased.

BEA Updates Regional Economic Impact Tool

September 3, 2019

The U.S. Bureau of Economic Analysis has updated its regional economic modeling system used by local planners, investors, and policymakers. This tool can help assess the potential economic effects of a new corporate headquarters, a highway project, or new regulations.

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