GDP Increases in Fourth Quarter

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP also increased 2.1 percent.Fourth-quarter GDP highlights

A New Look at U.S. Exporters and Importers of Services

New BEA research offers fresh insights into U.S. firms that export and import services internationally.

Gross Domestic Product by State: Third Quarter 2019

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2019. The percent change in real GDP in the third quarter ranged from 4.0 percent in Texas to 0.0 percent in Delaware.

Gross Domestic Product by Industry: Third Quarter 2019

Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019.

November 2019 Trade Gap is $43.1 Billion

The U.S. monthly international trade deficit decreased in November 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.9 billion in October (revised) to $43.1 billion in November, as exports increased and imports decreased.

U.S. International Investment Position Third Quarter 2019

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.95 trillion at the end of the third quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA).

Personal Income and Outlays, November 2019

Personal income increased 0.5 percent in November after increasing 0.1 percent in October. Wages and salaries, the largest component of personal income, increased 0.4 percent in November after increasing 0.5 percent in October.

GDP Increases in Third Quarter

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “second” estimate released in November. In the second quarter, real GDP rose 2.0 percent.

U.S. Current Account Deficit Narrows in Third Quarter 2019

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 $1.1 billion, or 0.9 percent, to $124.1 billion in the third quarter of 2019.

State Personal Income, Third Quarter 2019

State personal income increased 3.8 percent at an annual rate in the third quarter of 2019, a deceleration from the 4.4 percent increase in the second quarter.

U.S. Virgin Islands GDP Increases 1.5 Percent in 2018

The estimates of GDP for the U.S. Virgin Islands show that real GDP—GDP adjusted to remove price changes—increased 1.5 percent in 2018 after decreasing 0.6 percent in 2017.

A Look at Counties’ Economic Growth by Region

The first official economic growth statistics for all U.S. counties show which industries contributed to growth from region to region and in counties large, medium, and small across the nation.