Bureau of Economic Analysis

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).

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).

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. 

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…

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.

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.

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.

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.

For the first time, the Bureau of Economic Analysis will produce its benchmark updates of the nation’s gross domestic product and related industry and state statistics within the same timeframe. The updates will begin with initial results Sept. 28 and 29.

Previously, the benchmark updates of national, industry, and state data were conducted separately and spread over five months. Coordinating these statistics allows data users to…

Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July. Disposable personal income (DPI)—personal income less personal current taxes— increased $7.3 billion (less than 0.1 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $153.8 billion (0.8 percent) and consumer spending increased $144.6 billion (0.8 percent).…