Bureau of Economic Analysis

U.S. International Trade in Goods and Services DECEMBER 2007

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May 2009 Personal income increased $167.1 billion, or 1.4 percent, and disposable personal income (DPI) increased $178.1 billion, or 1.6 percent, inMay, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $25.1 billion, or 0.3 percent. In April, personal income increased $78.3 billion, or 0.7 percent, DPI increased $140.0 billion, or 1.3 percent, and PCE increased $1.0 billion, or less than 0.1…

The U.S. net international investment position at yearend 2008 was -$3,469.2 billion (preliminary), as the value of foreign investments in the United States continued to exceed the value of U.S. investments abroad (table 1). At yearend 2007, the U.S. net international investment position was -$2,139.9 billion (revised). The -$1,329.3 billion change in the U.S. net investment position from yearend 2007 to yearend 2008 resulted from (1)…

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 5.5 percent in the first quarter of 2009, (that is, from the fourth quarter to the first quarter), according to final estimates released by the Bureau of Economic Analysis. In the fourth quarter, real GDP decreased 6.3 percent. The GDP estimates released today are based on more…

U.S. personal income continued to decline in the first quarter of 2009, falling 0.5 percent and encompassing 37 states, according to estimates released today by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2008, U.S. personal income fell 0.4 percent.

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QUARTERLY TOURISM ESTIMATES WILL NOT BE DISCONTINUED (SEE THE BOX NEXT RELEASE)

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Real spending on travel and tourism declined at an annual rate of 5.9 percent in 2009:1 after decreasing 6.9 percent (revised) in 2008:4.  By comparison, real gross domestic product (GDP) decreased 5.7 percent (preliminary) in 2009:1 after a decrease of 6.3 percent in 2008:4. 

NOTICE TO USERS OF THE CONSTANT DOLLAR (REAL) DATA SERIES The initial release of the April 2009 issue of the U.S. International Trade in Goods and Services report on June 10, 2009 at 8:30am contained incorrect 2009 statistics in Exhibits 10 and 11. The Census Bureau has identified and corrected a processing error that caused incorrect deflators to be applied to the revised data for 2009. The correct data for 2009 were posted on June 10, 2009…

Outlays by foreign direct investors to acquire or establish U.S. businesses increased 3 percent in 2008, to $260.4 billion. Outlays in 2008 were the third-largest on record and the sixth consecutive increase since a falloff in outlays in 2001-2002.

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Tuesday, June 2, 2009