July 13, 2020

Annual Update of GDP Statistics Coming July 30

It’s time for BEA’s annual update of gross domestic product and related statistics. That means when we publish second quarter GDP numbers July 30, we’ll also update GDP estimates for the first quarter of 2020 and the previous five years.

 

Principal Federal Economic Indicators

Gross Domestic Product Q1 2020 (3rd) -5.0%
Personal Income May 2020 -4.2%
International Trade in Goods & Services (Trade Balance) May 2020 -$54.6B
U.S. International Transactions (Current Account Balance) Q1 2020 -$104.2B

The BEA Wire | BEA's Official Blog

Annual Update of GDP Statistics Coming July 30

July 13, 2020

It’s time for BEA’s annual update of gross domestic product and related statistics. That means when we publish second quarter GDP numbers July 30, we’ll also update GDP estimates for the first quarter of 2020 and the previous five years.

Gross Domestic Product by State, 1st Quarter 2020

July 7, 2020

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the first quarter of 2020. The percent change in real GDP in the first quarter ranged from –1.3 percent in Nebraska to –8.2 percent in New York and Nevada.

Gross Domestic Product by Industry: First Quarter 2020

July 6, 2020

Accommodation and food services; finance and insurance; and health care and social assistance industries were the leading contributors to the 5.0 percent (annual rate) decrease in gross domestic product (GDP) in the first quarter of 2020.

May 2020 Trade Gap is $54.6 Billion

July 2, 2020

The U.S. monthly international trade deficit increased in May 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $49.8 billion in April (revised) to $54.6 billion in May, as exports decreased more than imports. The previously published April deficit was $49.4 billion. The goods deficit increased $4.2 billion in May to $76.1 billion. The services surplus decreased $0.6 billion in May…

New Foreign Direct Investment in the United States, 2019

July 1, 2020

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $194.7 billion in 2019, down 37.7 percent from $312.5 billion in 2018.

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