The BEA Wire | BEA's Official Blog

The U.S. international trade deficit increased in 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $676.7 billion in 2020 to $861.4 billion in 2021, as imports increased more than exports.

The U.S. monthly international trade deficit increased in January 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $82.0 billion in December (revised) to $89.7 billion in January, as imports increased and exports decreased.

Real gross domestic product for the U.S. Virgin Islands decreased 2.2 percent in 2020 after increasing 2.8 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.

The Bureau of Economic Analysis continually explores the development of new statistics as part of its mission to provide Americans a timely, accurate, and in-depth understanding of the changing U.S. economy.  These are some of the ways we’re working to expand economic data.

Personal income increased $9.0 billion, or less than 0.1 percent at a monthly rate, while consumer spending increased $337.2 billion, or 2.1 percent, in January.

Real gross domestic product (GDP) increased at an annual rate of 7.0 percent in the fourth quarter of 2021, following an increase of 2.3 percent in the third quarter. The increase was revised up 0.1 percentage point from the “advance” estimate released in January.

This year for the first time, BEA will produce and publish in tandem annual updates of national, industry, and state statistics. The updates released on Sept.

The U.S. monthly international trade deficit increased in December 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $79.3 billion in November (revised) to $80.7 billion in December, as imports increased more than exports.

Note: Reposted Feb. 3, 2022, to correct state personal income statistics for the third quarter of 2021 back to the first quarter of 2016 due to a data processing error involving industry wage estimates.

 Note: Reposted Feb. 3, 2022, to correct state gross domestic product statistics for the third quarter of 2021 back to the first quarter of 2016 due to a data processing error involving industry wage estimates.

Personal income increased$70.7 billion, or 0.3 percent at a monthly rate, while consumer spending decreased$95.2 billion, or 0.6 percent, in December. The increase in personal income primarily reflected an increase in compensation of employees.

Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021, following an increase of 2.3 percent in the third quarter.