An official website of the United States government
Did the U.S. current account deficit grow or shrink last year? What products make up the largest share of U.S. goods exports? What types of assets make up the largest portion of U.S. financial investments abroad? In which state do U.S. affiliates of foreign multinational enterprises employ the most people?
Did the U.S. current account deficit grow or shrink last year? What products make up the largest share of U.S. goods exports? What types of assets make up the largest portion of U.S. financial investments abroad? In which state do U.S. affiliates of foreign multinational enterprises employ the most people?
The U.S. monthly international trade deficit increased in June 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $71.0 billion in May (revised) to $75.7 billion in June, as imports increased more than exports. The previously published May deficit was $71.2 billion. The goods deficit increased $4.0 billion in June to $93.2 billion. The services surplus decreased $0.7 billion in June…
Personal income increased $26.1 billion, or 0.1 percent at a monthly rate, while consumer spending increased $155.4 billion, or 1.0 percent, in June. Compensation increased in June while pandemic related assistance programs declined. In addition to presenting estimates for June 2021, these highlights provide comparisons to February 2020, the last month before the onset of the COVID-19 pandemic in the United States. For more information, see…
Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. In the second quarter, government assistance payments in the form of loans to businesses and grants to state and local governments increased, while social benefits to households, such as the direct…
The U.S. direct investment abroad position, or cumulative level of investment, increased $244.9 billion to $6.15 trillion at the end of 2020 from $5.91 trillion at the end of 2019, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $158.8 billion increase in the position in Europe, primarily in the United Kingdom and the Netherlands. By industry, holding company affiliates owned by U.S.…
