Real GDP increased 3.2 percent, reflecting positive contributions from consumer spending, inventory investment, nonresidential fixed investment, exports, and federal and state and local government spending.
This analysis confirms that BEA's early estimates provide a reliable picture of the economy; they do not substantively change BEA's measures of long-term growth, the picture of business cycles, and the trends in major components of GDP and GDI.
The current-account deficit decreased $23.8 billion to $100.6 billion. In the financial account, net U.S. borrowing decreased $8.8 billion to $105.6 billion.
This annual report presents current-account statistics that integrate information on trade in goods and services with sales by U.S. and foreign multinational enterprises through their affiliates in other countries.
The net international investment position was –$7,768.7 billion at the end of the third quarter, up from –$8,004.1 billion at the end of the second quarter.
Personal income grew faster in the metropolitan portion of the United States (2.5 percent) than in the nonmetropolitan portion (1.0 percent). The percent change across counties ranged widely.
Economic Accounts for the Four Territories. New and updated estimates of GDP for American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, and the U.S. Virgin Islands.