U.S. International Investment Position, 4th Quarter and Year 2020

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The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$14.09 trillion at the end of the fourth quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.16 trillion and liabilities were $46.25 trillion. At the end of the third quarter, the net investment position was -$13.86 trillion. Full Text

Published March 31, 2021 at 08:30PM
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Arts and Cultural Production Satellite Account, U.S. and States 2019 and 2018

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The Arts and Cultural Production Satellite Account released today by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 3.7 percent in 2019 after increasing 2.3 percent in 2018. Arts and cultural economic activity accounted for 4.3 percent, or $919.7 billion, of current-dollar gross domestic product (GDP), in 2019. Full Text

Published March 30, 2021 at 10:00PM
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Gross Domestic Product by State, 4th Quarter and Year 2020 (Preliminary)

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Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4.3 percent. The percent change in real GDP in the fourth quarter ranged from 9.9 percent in South Dakota to 1.2 percent in the District of Columbia. Full Text

Published March 26, 2021 at 10:00PM
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Personal Income and Outlays, February 2021

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Personal income decreased $1,516.6 billion, or 7.1 percent at a monthly rate, while consumer spending decreased $149.0 billion, or 1.0 percent, in February. Economic impact payments associated with the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act of 2021 (which was enacted on December 27, 2020) declined sharply in February and unemployment benefits continued, but at a lower level. In addition to presenting estimates for February 2021, these highlights provide comparisons to February 2020, the last month before the onset of the COVID-19 pandemic in the United States. Full Text

Published March 26, 2021 at 08:30PM
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Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits, 4th Quarter and Year 2020

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Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.2 percentage point higher than the "second" estimate released in February. In the third quarter, real GDP increased 33.4 percent. Profits decreased 1.4 percent at a quarterly rate in the fourth quarter after increasing 27.4 percent in the third quarter. Corporate profits decreased 0.7 percent in the fourth quarter from one year ago. Private goods-producing industries increased 6.1 percent, private services-producing industries increased 4.9 percent, and government decreased 1.1 percent. Overall, 17 of 22 industry groups contributed to the fourth-quarter increase in real GDP. Full Text

Published March 25, 2021 at 08:30PM
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U.S. International Transactions, 4th Quarter and Year 2020

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The U.S. current account deficit widened by $7.6 billion, or 4.2 percent, to $188.5 billion in the fourth quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis. The revised third quarter deficit was $180.9 billion. The fourth quarter deficit was 3.5 percent of current dollar gross domestic product, up from 3.4 percent in the third quarter.Full Text

Published March 23, 2021 at 08:30PM
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U.S. International Trade in Goods and Services, January 2021

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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.2 billion in January, up $1.2 billion from $67.0 billion in December, revised. January exports were $191.9 billion, $1.8 billion more than December exports. January imports were $260.2 billion, $3.1 billion more than December imports. Full Text

Published March 05, 2021 at 09:30PM
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