Bureau of Economic Analysis

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.

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.

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.

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.

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.

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 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…

Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income (DPI)—personal income less personal current taxes—increased $50.3 billion (0.2 percent). Consumer spending increased $145.5 billion (0.8 percent). Personal saving was $745.7 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.6 percent in February. Personal outlays—the sum of…

Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023, according to the “third” estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending and state and local government spending that were partly offset by a decrease in inventory investment. Imports, which are a subtraction in the calculation of GDP,…

Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023, according to the “third” estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending, state and local government spending, exports, nonresidential fixed investment, federal government spending, and residential fixed investment that were partly offset…