Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “third” estimate. In the first quarter, real GDP increased 2.2 percent (revised).
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Gross Domestic Product (Third Estimate) and Corporate Profits (Revised Estimate), Second Quarter 2023
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$18.00 trillion at the end of the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).
Today BEA is introducing new experimental data that map our health care estimates in gross domestic product to the framework of CMS’ National Health Expenditures Account, allowing researchers to get an earlier look at 2022 health care spending number
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 $2.4 billion, or 1.1 percent, to $212.1 billion in the second quarter of 2023.
The Bureau of Economic Analysis today updated its supplemental health care statistics with an improved methodology that shows the growing role of prescription drug rebates over two decades.
The U.S. goods and services trade deficit increased from $63.7 billion in June (revised) to $65.0 billion in July, as imports increased more than exports. The goods deficit increased $2.0 billion to $90.0 billion, and the services surplus increased $0.7 billion to $25.0 billion.
For the first time, the Bureau of Economic Analysis will produce its benchmark updates of the nation’s gross domestic product and related industry and state statistics within the same timeframe. The updates will begin with initial results Sept. 28 and 29.
Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July. Disposable personal income (DPI)—personal income less personal current taxes— increased $7.3 billion (less than 0.1 percent).
Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Second Quarter 2023
Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “second” estimate. In the first quarter, real GDP increased 2.0 percent.
Majority-owned U.S. affiliates of foreign multinational enterprises employed 7.94 million workers in the United States in 2021, a 2.9 percent increase from 7.71 million workers in 2020, according to the U.S. Bureau of Economic Analysis (BEA).
The U.S. goods and services trade deficit decreased from $68.3 billion in May (revised) to $65.5 billion in June, as imports decreased more than exports. The goods deficit decreased $2.8 billion to $88.2 billion, and the services surplus decreased less than $0.1 billion to $22.7 billion.