June 24, 2025

U.S. International Transactions, 1st Quarter 2025 and Annual Update

The U.S. current-account deficit widened by $138.2 billion, or 44.3 percent, to $450.2 billion in the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $312.0 billion. The first-quarter deficit was 6.0 percent of current-dollar gross domestic product, up from 4.2 percent in the fourth quarter.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2025 (2nd)
-0.2%
Personal Income
April 2025
+0.8%
International Trade in Goods and Services
April 2025
-$61.6 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Gross Domestic Product (Third Estimate) and Corporate Profits (Revised Estimate), Second Quarter 2023

September 28, 2023 | The BEA Wire

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “third” estimate. In the first quarter, real GDP increased 2.2 percent (revised). The increase in the second quarter primarily reflected increases in business investment, consumer spending, and state and local government spending that were partly offset by a decrease in exports. Imports, which are a subtraction in the…

Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), Second Quarter 2023 and Comprehensive Update

September 28, 2023 | News Release

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “third” estimate. In the first quarter, real GDP increased 2.2 percent (revised). The increase in the second quarter primarily reflected increases in business investment, consumer spending, and state and local government spending that were partly offset by a decrease in exports. Imports, which are a subtraction in the…

U.S. International Investment Position, 2nd Quarter 2023

September 27, 2023 | The BEA Wire

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$18.00 trillion at the end of the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $33.58 trillion, and liabilities were $51.58 trillion. At the end of the first quarter, the net investment position was –$16.74 trillion (revised).

U.S. International Investment Position, 2nd Quarter 2023

September 27, 2023 | News Release

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$18.00 trillion at the end of the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $33.58 trillion, and liabilities were $51.58 trillion. At the end of the first quarter, the net investment position was -$16.74 trillion (revised).

Experimental Data Map Health Care Estimates in GDP to Centers for Medicare & Medicaid Framework

September 25, 2023 | The BEA Wire

Today BEA is introducing new experimental data that map our health care estimates in gross domestic product to the framework of CMS’ National Health Expenditures Account, allowing researchers to get an earlier look at 2022 health care spending numbers. The experimental data show health care spending in 2022 rose to more than $4.3 trillion, while the share of GDP declined to 17.1 percent, from a 17.5 percent share in 2021. 

U.S. Current-Account Deficit Narrows in 2nd Quarter 2023

September 21, 2023 | The BEA Wire

The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $2.4 billion, or 1.1 percent, to $212.1 billion in the second quarter of 2023. The narrowing primarily reflected expanded surpluses on services and on primary income that were mostly offset by an expanded deficit on goods. The second-quarter deficit was 3.2…

U.S. International Transactions, 2nd Quarter 2023

September 21, 2023 | News Release

The U.S. current-account deficit narrowed by $2.4 billion, or 1.1 percent, to $212.1 billion in the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The revised first-quarter deficit was $214.5 billion. The second-quarter deficit was 3.2 percent of current-dollar gross domestic product, up less than 0.1 percent from the first quarter.

Health Care Statistics Updated With Improved Drug Price Data

September 18, 2023 | The BEA Wire

The Bureau of Economic Analysis today updated its supplemental health care statistics with an improved methodology that shows the growing role of prescription drug rebates over two decades. After subtracting the rebates, BEA's estimate of health care spending in 2020 was reduced by $158 billion, or 5.3 percent, from the previous estimate for 2020.

July 2023 Trade Gap is $65.0 Billion

September 6, 2023 | The BEA Wire

The U.S. goods and services trade deficit increased from $63.7 billion in June (revised) to $65.0 billion in July, as imports increased more than exports. The goods deficit increased $2.0 billion to $90.0 billion, and the services surplus increased $0.7 billion to $25.0 billion.

U.S. International Trade in Goods and Services, July 2023

September 6, 2023 | News Release

The U.S. monthly international trade deficit increased in July 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $63.7 billion in June (revised) to $65.0 billion in July as imports increased more than exports. The goods deficit increased $2.0 billion in July to $90.0 billion. The services surplus increased $0.7 billion in June to $25.0 billion.