Bureau of Economic Analysis

Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.2 percentage point higher than the “second” estimate released in February. In the…

Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.2 percentage point higher than the “second” estimate released in February. In the third…

State personal income increased 6.1 percent in 2020 after increasing 3.9 percent in 2019. In 2020, the increase in transfer receipts was the leading contributor to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 8.4 percent in Arizona and Montana to 2.4 percent in Wyoming.

State personal income increased 6.1 percent in 2020 after increasing 3.9 percent in 2019. In 2020, the increase in transfer receipts was the leading contributor to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 8.4 percent in Arizona and Montana to 2.4 percent in Wyoming.

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, widened by $167.0 billion, or 34.8 percent, to $647.2 billion in 2020. The widening mostly reflected reduced surpluses on primary income and on services and an expanded deficit on goods. The 2020 deficit was 3.1 percent of current dollar gross domestic product, up from…

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, widened by $7.6 billion, or 4.2 percent, to $188.5 billion in the fourth quarter of 2020. The widening mostly reflected an expanded deficit on goods and a reduced surplus on services that were partly offset by a reduced deficit on secondary income. The fourth quarter…

The U.S. current account deficit widened by $7.6 billion, or 4.2 percent, to $188.5 billion in the fourth quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis. The revised third quarter deficit was $180.9 billion. The fourth quarter deficit was 3.5 percent of current dollar gross domestic product, up from 3.4 percent in the third quarter.

At the foundation of BEA's industry statistics are the input-output accounts — a guide to the inner workings of the U.S. economy. These detailed tables can help you trace supply chains, see indirect connections between industries, or study an industry's imports and exports.

The U.S. international trade deficit increased in 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $576.9 billion in 2019 to $681.7 billion in 2020, as exports decreased more than imports. As a percentage of U.S. gross domestic product, the goods and services deficit was 3.3 percent in 2020, up from 2.7 percent in 2019. The goods deficit increased from $864.3 billion in 2019 to $915…

The U.S. monthly international trade deficit increased in January 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.0 billion in December (revised) to $68.2 billion in January, as imports increased more than exports. The previously published December deficit was $66.6 billion. The goods deficit increased $1.3 billion in January to $85.4 billion. The services surplus increased $0.…