More Data, Faster: BEA Rolls Out Improved International Stats

UPDATE: Prototypes previewing the structure of the upcoming trade in services tables are now available on the international services webpage.

April 2020 Trade Gap is $49.4 Billion

The U.S. monthly international trade deficit increased in April 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.3 billion in March (revised) to $49.4 billion in April, as exports decreased more than imports.

Personal Income and Outlays, April 2020

Personal income increased 10.5 percent (monthly rate) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income increased 12.9 percent and consumer spending decreased 13.6 percent.

Gross Domestic Product, First Quarter 2020

Real gross domestic product (GDP) decreased 5.0 percent in the first quarter of 2020, according to the “second” estimate released by the Bureau of Economic Analysis. The change was 0.2 percentage point lower than the “advance” estimate released in April.

Table Changes Coming With Annual Update of International Statistics

In June, BEA will speed up and expand our statistics on U.S. international trade in services, including adding detail on some of the most dynamic services, such as research and development, intellectual property, and financial services.

Real Personal Income by Metropolitan Area, 2018

The percent change in real metropolitan area personal income ranged from 15.6 percent in Midland, TX to -1.1 percent in Sebring-Avon Park, FL.

Real Personal Income by State, 2018

The percent change in real state personal income ranged from 6.7 percent in Wyoming to 0.9 percent in Mississippi.

March 2020 Trade Gap is $44.4 Billion

The U.S. monthly international trade deficit increased in March 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.8 billion in February (revised) to $44.4 billion in March, as exports decreased more than imports.

Personal Income and Outlays, March 2020

Personal income decreased 2.0 percent in March after increasing 0.6 percent in February. Wages and salaries, the largest component of personal income, decreased 3.1 percent in March after increasing 0.5 percent in February.  

Gross Domestic Product, First Quarter 2020

Real gross domestic product (GDP) decreased 4.8 percent in the first quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent.

Gross Domestic Product by State: 4th Quarter 2019

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia.

Gross Domestic Product by Industry: Fourth Quarter 2019

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.