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Due to a lapse in Congressional Appropriations for fiscal year 2019, the U.S. Bureau of Economic Analysis is closed. This website is not being updated until further notice.
More InformationPersonal income increased 0.2 percent in November after increasing 0.5 percent in October. Wages and salaries, the largest component of personal income, increased 0.2 percent in November after increasing 0.4 percent in October.
| Gross Domestic Product | Q3 2018 | +3.4% |
| Personal Income | November 2018 | +0.2% |
| International Trade in Goods & Services (Trade Balance) | October 2018 | -$55.5B |
| U.S. International Transactions (Current Account Balance) | Q3 2018 | -$124.8B |
Personal income increased 0.2 percent in November after increasing 0.5 percent in October. Wages and salaries, the largest component of personal income, increased 0.2 percent in November after increasing 0.4 percent in October.
Real gross domestic product (GDP) increased 3.4 percent in the third quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.1 percentage point from the “second” estimate released in November. In the second quarter, real GDP increased 4.2 percent.
State personal income increased 4.0 percent at an annual rate in the third quarter of 2018, an acceleration from the 3.4 percent increase in the second quarter. Personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.2 percent in Nevada and Washington to 2.1 percent in Missouri.
The U.S. current-account deficit increased to $124.8 billion (preliminary) in the third quarter of 2018 from $101.2 billion (revised) in the second quarter of 2018. As a percentage of U.S. GDP, the deficit increased to 2.4 percent from 2.0 percent. The previously published current-account deficit for the second quarter was $101.5 billion.
The estimates of gross domestic product for the U.S. Virgin Islands show that real GDP—GDP adjusted to remove price changes—decreased 1.7 percent in 2017 after increasing 0.9 percent in 2016. For comparison, real GDP for the United States (excluding the territories) increased 2.2 percent in 2017 after increasing 1.6 percent in 2016.
