Bureau of Economic Analysis

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “third” 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.

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “third” 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. Profits increased 3.4 percent at a quarterly rate in the third…

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 $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023. The narrowing mostly reflected a reduced deficit on goods. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down from 3.2 percent in the second…

The U.S. current-account deficit narrowed by $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $216.8 billion. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down from 3.2 percent in the second quarter.

Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to –3.2 percent in New Hampshire.

Real personal income declined in 45 states and the District of Columbia in 2022, with the percent change ranging from 3.0 percent in North Dakota to –8.9 percent in Rhode Island.

Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to –3.2 percent in New Hampshire.

A blog post from BEA Director Vipin Arora

Mackinac Bridge—which connects the Upper and Lower parts of Michigan—is a marvel. So much so that I find it difficult, if not impossible, to appreciate the scale and grandeur of the bridge from just one vantage point. Driving on it, for example, offers a different experience than looking at it from nearby St. Ignace. And the view is awe inspiring from the water. We are looking at the same…

In 2022, real gross domestic product increased in 1,780 counties, decreased in 1,296 counties, and was unchanged in 38 counties. The percent change in real GDP ranged from 71.1 percent in Chouteau County, MT, to –57.6 percent in Kiowa County, CO.

In 2022, real gross domestic product (GDP) increased in 1,780 counties, decreased in 1,296 counties, and was unchanged in 38 counties. The percent change in real GDP ranged from 71.1 percent in Chouteau County, MT, to -57.6 percent in Kiowa County, CO.

The U.S. goods and services trade deficit increased from $61.2 billion in September (revised) to $64.3 billion in October, as exports decreased and imports increased. The goods deficit increased $3.5 billion to $89.8 billion, and the services surplus increased $0.4 billion to $25.5 billion.