April 04, 2024

U.S. International Trade in Goods and Services, February 2024

The U.S. goods and services trade deficit increased in February 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.6 billion in January (revised) to $68.9 billion in February, as imports increased more than exports. The goods deficit decreased $0.3 billion in February to $91.4 billion. The services surplus decreased $1.6 billion in February to $22.5 billion.

Principal Federal Economic Indicators

Gross Domestic Product
Q4 2023 (3rd)
+3.4%
Personal Income
February 2024
+0.3%
International Trade in Goods and Services
February 2024
-$68.9 B
International Transactions
Q4 2023
-$194.8 B

Noteworthy

The BEA Wire | BEA's Official Blog

What Do Balance Sheets and Selfies Have in Common? Delving Into Two BEA Statistical Accounts

April 8, 2024

A blog post from BEA Director Vipin Arora

One of the best analogies I’ve ever heard for a balance sheet is that it’s like a selfie—it provides a snapshot at a specific point in time. I guess the difference is that the balance sheet provides a summary of assets and liabilities at that point in time—not some picture where I look lost and confused eating a piece of pizza.

February 2024 Trade Gap is $68.9 Billion

April 4, 2024

The U.S. goods and services trade deficit increased from $67.6 billion in January (revised) to $68.9 billion in February, as imports increased more than exports. The goods deficit decreased $0.3 billion to $91.4 billion, and the services surplus decreased $1.6 billion to $22.5 billion.

Gross Domestic Product by State and Personal Income by State, Preliminary 2023

March 29, 2024

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in 2023, with the percent change ranging from 5.9 percent in North Dakota to –1.2 percent in Delaware.

Gross Domestic Product by State and Personal Income by State, 4th Quarter 2023

March 29, 2024

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2023, with the percent change ranging from 6.7 percent in Nevada to 0.2 percent in Nebraska.

Personal Income and Outlays, February 2024

March 29, 2024

Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income —personal income less personal current taxes—increased $50.3 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $149.9 billion (0.8 percent) and consumer spending increased $145.5 billion (0.8 percent). Personal saving was…