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 $97.4 billion, or 11.5 percent, to $943.8 billion in 2022.
The BEA Wire | BEA's Official Blog
U.S. Current-Account Deficit Widens in 2022
U.S. Current-Account Deficit Narrows in 4th Quarter 2022
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 $12.2 billion, or 5.6 percent, to $206.8 billion in the fourth quarter of 2022.
BEA Feasibility Study Report Explores Measuring the U.S. Bioeconomy
This is the executive summary from a new BEA feasibility study report on measuring the bioeconomy.
Updated Statistics Measure Foreign and Domestic Content Embedded in U.S. Exports
BEA today updated and expanded prototype statistics that look more deeply into U.S. exports, revealing the mix of foreign and domestic content used to make exported goods and services.
Arts and Culture Economy Grows 13.7 percent in 2021
Arts and cultural economic activity, adjusted for inflation, increased 13.7 percent in 2021 after decreasing 4.8 percent in 2020, according to statistics released today by the Bureau of Economic Analysis.
2022 Trade Gap is $945.3 Billion
The U.S. international trade deficit increased from $845.0 billion in 2021 to $945.3 billion in 2022 (revised), as imports increased more than exports. The goods deficit increased $100.7 billion to $1.19 trillion, and the services surplus increased $0.5 billion to $245.7 billion.
January 2023 Trade Gap is $68.3 Billion
The U.S. international trade deficit increased from $67.2 billion in December (revised) to $68.3 billion in January, as imports increased more than exports. The goods deficit decreased $0.6 billion to $90.1 billion, and the services surplus decreased $1.7 billion to $21.8 billion.
Personal Income and Outlays, January 2023
Personal income increased $131.1 billion, or 0.6 percent at a monthly rate, while consumer spending increased $312.5 billion, or 1.8 percent, in January. The increase in personal income primarily reflected an increase in compensation.
Gross Domestic Product, Fourth Quarter 2022 and Year 2022
Real gross domestic product (GDP) increased at an annual rate of 2.7 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter.
Coming Soon: A Closer Look at the Mix of Global and Domestic Content in U.S. Exports
BEA is expanding its prototype statistics that provide a more complete and nuanced understanding of U.S. exports. Watch for an update and expansion of the statistics known as trade in value added, or TiVA, coming in March.
New Platform Helps Researchers Apply to Use BEA Microdata
Researchers interested in using BEA’s confidential microdata now have new resources for discovering the data and applying for access for their research projects.
New Health Care Statistics for First Year of COVID-19 Pandemic
The Bureau of Economic Analysis today released estimates for 2020 that measure health care spending by medical condition.