Personal Income and Outlays, January 2024

Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)—personal income less personal current taxes—increased $67.6 billion (0.3 percent).

Gross Domestic Product, Fourth Quarter and Year 2023

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the “second” estimate. In the third quarter, real GDP increased 4.9 percent.

2023 Trade Gap is $773.4 Billion

The U.S. goods and services trade deficit decreased from $951.2 billion in 2022 to $773.4 billion in 2023, as exports increased and imports decreased. The goods deficit decreased $121.3 billion to $1,061.7 billion, and the services surplus increased $56.4 billion to $288.2 billion.

December 2023 Trade Gap is $62.2 Billion

The U.S. goods and services trade deficit increased from $61.9 billion in November (revised) to $62.2 billion in December, as imports increased more than exports. The goods deficit increased $0.7 billion to $89.1 billion, and the services surplus increased $0.4 billion to $26.9 billion.

Personal Income and Outlays, December 2023

Personal income increased $60.0 billion (0.3 percent at a monthly rate) in December. Disposable personal income —personal income less personal current taxes—increased $51.8 billion (0.3 percent).

Gross Domestic Product, Fourth Quarter and Year 2023

Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023, according to the “advance” estimate. In the third quarter, real GDP increased 4.9 percent.

November 2023 Trade Gap is $63.2 Billion

The U.S. goods and services trade deficit decreased from $64.5 billion in October (revised) to $63.2 billion in November, as imports decreased more than exports. The goods deficit decreased $0.6 billion to $89.4 billion, and the services surplus increased $0.7 billion to $26.2 billion.

U.S. International Investment Position, 3rd Quarter 2023

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$18.16 trillion at the end of the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).

Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2023

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 9.7 percent in Kansas to 0.7 percent in Arkansas.

Personal Income and Outlays, November 2023

Personal income increased $81.6 billion (0.4 percent at a monthly rate) in November. Disposable personal income (DPI)—personal income less personal current taxes—increased $71.9 billion (0.4 percent).

Gross Domestic Product (Third Estimate) Corporate Profits (Revised Estimate) and GDP by Industry, Third Quarter 2023

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “third” estimate. In the second quarter, real GDP increased 2.1 percent.

U.S. Current-Account Deficit Narrows in 3rd Quarter 2023

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 $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023.