November 30, 2022

Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Third Quarter 2022

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2022 (2nd)
+2.9%
Personal Income
September 2022
+0.4%
International Trade in Goods and Services
September 2022
-$73.3 B
International Transactions
Q2 2022
-$251.1B

Noteworthy

The BEA Wire | BEA's Official Blog

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2022

November 30, 2022

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.

Activities of U.S. Multinational Enterprises, 2020

November 18, 2022

Worldwide employment by U.S. multinational enterprises (MNEs) decreased 1.8 percent to 42.4 million workers in 2020 from 43.2 million workers in 2019.

Personal Income by County and Metropolitan Area, 2021

November 16, 2022

In 2021, personal income increased in 3,075 counties, decreased in 36, and was unchanged in 3. Personal income increased 7.4 percent in the metropolitan portion of the United States and 7.7 percent in the nonmetropolitan portion.

Outdoor Recreation Satellite Account, U.S. and States, 2021

November 9, 2022

The outdoor recreation economy accounted for 1.9 percent ($454.0 billion) of current-dollar gross domestic product (GDP) for the nation in 2021. At the state level, outdoor recreation value added as a share of GDP ranged from 4.8 percent in Hawaii to 1.3 percent in New York and Connecticut. The share was 0.9 percent in the District of Columbia.

September 2022 Trade Gap is $73.3 Billion

November 3, 2022

The U.S. monthly international trade deficit increased in September 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $65.7 billion in August (revised) to $73.3 billion in September, as imports increased and exports decreased. The goods deficit increased $6.6 billion in September to $92.7 billion. The services surplus decreased $1.0 billion in September to $19.5 billion.

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