November 30, 2023

Personal Income and Outlays, October 2023

Personal income increased $57.1 billion (0.2 percent at a monthly rate) in October. Disposable personal income (DPI)—personal income less personal current taxes—increased $63.4 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $43.8 billion (0.2 percent) and consumer spending increased $41.2 billion (0.2 percent). Personal saving was $768.6 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.8 percent in October.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2023 (2nd)
+5.2%
Personal Income
October 2023
+0.2%
International Trade in Goods and Services
September 2023
-$61.5 B
International Transactions
Q2 2023
-$212.1 B

Noteworthy

The BEA Wire | BEA's Official Blog

Personal Income and Outlays, October 2023

November 30, 2023

Personal income increased $57.1 billion (0.2 percent at a monthly rate) in October. Disposable personal income —personal income less personal current taxes—increased $63.4 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $43.8 billion (0.2 percent) and consumer spending increased $41.2 billion (0.2 percent). Personal saving was $…

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2023

November 29, 2023

Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023, according to the “second” estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

Outdoor Recreation Satellite Account, U.S. and States, 2022

November 17, 2023

The value added of the outdoor recreation economy accounted for 2.2 percent of current‐dollar gross domestic product for the nation in 2022. At the state level, value added for outdoor recreation as a share of state GDP ranged from 5.6 percent in Hawaii to 1.4 percent in Connecticut. The share was 0.9 percent in the District of Columbia.

Activities of U.S. Multinational Enterprises, 2021

November 17, 2023

Worldwide employment by U.S. multinational enterprises (MNEs) increased 1.1 percent to 43.3 million workers in 2021 from 42.9 million workers in 2020.

Personal Income by County and Metropolitan Area, 2022

November 16, 2023

In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.