U.S. Net International Investment Position Year 2018

The U.S. net international investment  position decreased to −$9,717.1 billion (preliminary) at the end of 2018 from −$7,725.0 billion at the end of 2017.

Personal Income Increases in February

Personal income increased 0.2 percent in February after decreasing 0.1 percent in January. Wages and salaries, the largest component of personal income, increased 0.3 percent in February, the same increase as in January.

GDP Increases in Fourth Quarter

Real gross domestic product (GDP) increased 2.2 percent in the fourth quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.4 percentage point from the “initial” estimate released in February.

U.S. Current-Account Deficit Increases in 2018

The U.S. current-account deficit increased to $488.5 billion (preliminary) in 2018 from $449.1 billion in 2017. As a percentage of U.S. GDP, the deficit increased to 2.4 percent from 2.3 percent.

January 2019 Trade Gap is $51.1 Billion

The U.S. monthly international trade deficit decreased in January 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $59.9 billion in December (revised) to $51.1 billion in January, as exports  increased and imports decreased.

2018 Trade Gap is $622.1 Billion

The U.S. international trade deficit increased in 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $552.3 billion in 2017 to $622.1 billion in 2018, as imports increased more than exports. As a percentage of U.S.

Personal Income Grows in All States in 2018

State personal income increased 4.5 percent in 2018, after increasing 4.4 percent in 2017. In 2018, personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.8 percent in Washington to 2.9 percent in Hawaii.

GDP Back on Schedule With `Third’ Estimate

When the Bureau of Economic Analysis estimates the nation’s gross domestic product on March 28, it will officially be a “third estimate” – even though we’ve only estimated GDP for that quarter once before.

Arts and Culture Economy Grows 2.9 Percent in 2016

Arts and cultural economic activity grew at an inflation-adjusted 2.9 percent in 2016, increasing faster than the nation’s economy overall. For comparison, U.S. gross domestic product, or GDP, rose 1.6 percent that year.

Bohman Named Deputy Director of BEA

Mary Bohman, an agricultural economist with an impressive record of accomplishments in the public sector, was named Deputy Director of the Bureau of Economic Analysis.

Coming Soon: Arts and Culture Statistics for the U.S. and States

Take a bow, dancers, art teachers, and museum guides: The roles you and others play in the U.S. economy will be in the spotlight March 19.

Benchmark Update Completed for State, Local Personal Income

The Bureau of Economic Analysis has completed its comprehensive update of state and local area personal income statistics, some reaching back as far as 1929.