New Foreign Direct Investment in the United States, 2023

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023, down $57.4 billion, or 28 percent, from $206.2 billion in 2022. 

May 2024 Trade Gap is $75.1 Billion

The U.S. goods and services trade deficit increased from $74.5 billion in April (revised) to $75.1 billion in May, as exports decreased more than imports. The goods deficit increased $0.9 billion to $100.2 billion, and the services surplus increased $0.3 billion to $25.1 billion.

Corporate Profits: BEA’s Suite of Measures Are Essential Indicators

A blog from BEA Director Vipin Arora

Every year, usually in January, I feel absolutely committed to getting a better handle on my finances. All I want to understand—not just at the end of the year, but throughout the year—is exactly what is coming in, what is going out, and what I have left over. Yet I can never seem to calculate these “personal profits,” nor how far I am from the mythical financial goals I’m supposed to have. Maybe my struggles are why I find our estimates of corporate profits at BEA so remarkable.

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2024

Real gross domestic product increased in 39 states and the District of Columbia in the first quarter of 2024, with the percent change ranging from 5.0 percent at an annual rate in Idaho to –4.2 percent in South Dakota. 

Personal Income and Outlays, May 2024

Personal income increased $114.1 billion (0.5 percent at a monthly rate) in May. Disposable personal income (DPI)—personal income less personal current taxes—increased $94.0 billion (0.5 percent).

Gross Domestic Product (Third Estimate), Corporate Profits, and GDP by Industry, First Quarter 2024

Real gross domestic product increased at an annual rate of 1.4 percent in the first quarter of 2024, according to the “third” estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent.

U.S. International Investment Position, 1st Quarter 2024

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$21.28 trillion at the end of the first quarter of 2024, according to statistics released today by the Bureau of Economic Analysis.

New State Distribution of Personal Income Statistics for 2022 Available

BEA has released a set of prototype statistics that help assess how households share in each state’s economic growth.

U.S. Current-Account Deficit Widens in 1st Quarter 2024

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 $15.9 billion, or 7.2 percent, to $237.6 billion in the first quarter of 2024.

Gross Domestic Product for the U.S. Virgin Islands, 2022

Real gross domestic product for the U.S. Virgin Islands decreased 1.3 percent in 2022 after increasing 3.7 percent in 2021, according to statistics released today by the U.S. Bureau of Economic Analysis.

A New Look at U.S. International Services Traders

U.S. firms in the finance and insurance sector led both U.S. exports and imports of services in 2022, according to a new Bureau of Economic Analysis article that presents a profile of companies that export and/or import services.

We’re More Than GDP: Key International Stats Come From Our Surveys

A blog from BEA Director Vipin Arora

Here is a fact that may surprise you: The Bureau of Economic Analysis conducts 17 surveys. Yes, the home of gross domestic product, personal consumption expenditure prices, and the current account is also in the big leagues when it comes to running surveys. Not just any surveys, but some of the most unique ones around—collecting information that ranges from direct investment and the activities of multinational enterprises (AMNEs) to U.S. international trade in services.