January 2020 Trade Gap is $45.3 Billion

The U.S. monthly international trade deficit decreased in January 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.6 billion in December (revised) to $45.3 billion in January, as imports decreased more than exports.

2019 Trade Gap is $616.4 Billion

The U.S. international trade deficit decreased in 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $627.7 billion in 2018 to $616.4 billion in 2019, as imports decreased more than exports. As a percentage of U.S.

Personal Income and Outlays, January 2020

Personal income increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December.

GDP Increases in Fourth Quarter

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate is the same as in the “advance” estimate released in January.

Exploring the Space Economy

BEA has launched a research project to measure the multibillion-dollar U.S. space economy, such as satellites, rocket launches, and benefits like GPS navigation here on Earth.

December 2019 Trade Gap is $48.9 Billion

The U.S. monthly international trade deficit increased in December 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.7 billion in November (revised) to $48.9 billion in December, as imports increased more than exports.

2019 Trade Gap is $616.8 Billion

The U.S. international trade deficit decreased in 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $627.7 billion in 2018 to $616.8 billion in 2019, as imports decreased more than exports. As a percentage of U.S.

Personal Income and Outlays, December 2019

Personal income increased 0.2 percent in December after increasing 0.4 percent in November. Wages and salaries, the largest component of personal income, increased 0.3 percent in December after increasing 0.4 percent in November.

GDP Increases in Fourth Quarter

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP also increased 2.1 percent.Fourth-quarter GDP highlights

A New Look at U.S. Exporters and Importers of Services

New BEA research offers fresh insights into U.S. firms that export and import services internationally.

Gross Domestic Product by State: Third Quarter 2019

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2019. The percent change in real GDP in the third quarter ranged from 4.0 percent in Texas to 0.0 percent in Delaware.

Gross Domestic Product by Industry: Third Quarter 2019

Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019.