2018 Trade Gap is $621.0 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 $621.0 billion in 2018, as imports increased more than exports. As a percentage of U.S.

December 2018 Trade Gap is $59.8 Billion

The U.S. monthly international trade deficit increased in December 2018, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $50.3 billion in November (revised) to $59.8 billion in December, as imports increased and exports decreased.

BEA Working on Project to Estimate Puerto Rico’s GDP

The Bureau of Economic Analysis plans to produce new economic data for Puerto Rico this year that could lay the groundwork for later estimating the island’s gross domestic product.

Personal Income Decreases in January Following December Increase

Personal income decreased 0.1 percent in January after increasing 1.0 percent in December, the largest increase since December 2012. Wages and salaries, the largest component of personal income, increased 0.3 percent in January after increasing 0.5 percent in December.

New Date Set for January Consumer Spending

Statistics on consumer spending in January, also known as personal consumption expenditures, have been rescheduled for release March 29 because of the effects of the temporary lapse in federal funding.

GDP Increases in Fourth Quarter

Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2018, according to the “initial” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.

New Dates Set for Three Monthly Trade Reports

New release dates are now set for a trio of monthly trade reports impacted by the effects of the recent lapse in federal funding.

New Dates for International Transactions, International Investment Position

Bureau of Economic Analysis data on international trade and investment, as well as the United States' international investment position, will be released a few days later in March than originally scheduled, due to the effects of the recent lapse in federal funding.

Gross Domestic Product (GDP) by State: Third Quarter 2018

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia.

Wholesale Trade Led Growth in the Third Quarter

Wholesale trade; information; and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018. Overall, 19 of 22 industry groups contributed to the 3.4 percent increase in real GDP in the third quarter.

New Dates Set for GDP, Personal Income, and International Trade

Bureau of Economic Analysis data on U.S. gross domestic product, personal income and outlays, and international trade in goods and services that were delayed by the recent lapse in federal funding will be released in late February and early March.

November 2018 Trade Gap is $49.3 Billion

The U.S. monthly international trade deficit decreased in November 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.7 billion in October (revised) to $49.3 billion in November, as imports decreased more than exports.