Reposted: Personal Income by State, 3rd Quarter 2021

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.

Reposted: Gross Domestic Product by State, 3rd Quarter 2021

 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 and Outlays, December 2021

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.

Gross Domestic Product, Fourth Quarter and Year 2021

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.

November 2021 Trade Gap is $80.2 Billion

The U.S. monthly international trade deficit increased in November 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.2 billion in October (revised) to $80.2 billion in November, as imports increased more than exports.

U.S. International Investment Position, Third Quarter 2021

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.07 trillion at the end of the third quarter of 2021, according to statistics released by the U.S. Bureau of Economic Analysis (BEA).

Gross Domestic Product by State, 3rd Quarter 2021

Real gross domestic product increased in 37 states and the District of Columbia in the third quarter of 2021, as real GDP for the nation increased at an annual rate of 2.3 percent.

Personal Income and Outlays, November 2021

Personal income increased$90.4 billion, or 0.4 percent at a monthly rate, while consumer spending increased$104.7 billion, or 0.6 percent, in November. The increase in personal income primarily reflected increases in compensation of employees and government social benefits.

Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Third Quarter 2021

Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. The increase was revised up 0.2 percentage point from the “second” estimate released in November.

U.S. Current-Account Deficit Widens in Third Quarter 2021

The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $16.5 billion, or 8.3 percent, to $214.8 billion in the third quarter of 2021.

Personal Income by State, 3rd Quarter 2021

State personal income increased 2.6 percent at an annual rate in the third quarter of 2021 after decreasing 20.2 percent in the second quarter. The percent change in personal income across all states ranged from 6.7 percent in the Kentucky to –4.3 percent in North Dakota.

Real Personal Consumption Expenditures and Personal Income by State, 2020

Today, the U.S Bureau of Economic Analysis released official statistics of real state personal consumption expenditures for the first time. Real PCE decreased 3.8 percent in 2020 for the nation.