Gross Domestic Product, 3rd Quarter 2020 (Second Estimate); Corporate Profits, 3rd Quarter 2020 (Preliminary Estimate)

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Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. The increase is the same as in the 'advance' estimate released in October. In the second quarter of 2020, real GDP decreased 31.4 percent. Profits increased 27.1 percent at a quarterly rate in the third quarter after decreasing 10.3 percent in the second quarter. Corporate profits increased 3.3 percent in the third quarter from one year ago. Profits were impacted by provisions from the Paycheck Protection Program. Full Text

Published November 25, 2020 at 09:30PM
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Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2018

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Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.8 million workers in the United States in 2018, a 1.9 percent increase from 7.7 million in 2017, according to statistics on MOUSA operations and finances released by the Bureau of Economic Analysis. Full Text

Published November 13, 2020 at 09:30PM
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Outdoor Recreation Satellite Account, U.S. and States, 2019

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The new U.S. data show that the outdoor recreation economy accounted for 2.1 percent ($459.8 billion) of current-dollar gross domestic product (GDP) for the nation in 2019. At the state level, outdoor recreation value added as a share of state GDP ranged from 5.8 percent in Hawaii to 1.3 percent in Connecticut. The share was 1.1 percent in the District of Columbia. Full Text

Published November 10, 2020 at 09:30PM
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U.S. International Trade in Goods and Services, September 2020

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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 $63.9 billion in September, down $3.2 billion from $67.0 billion in August, revised. September exports were $176.4 billion, $4.4 billion more than August exports. September imports were $240.2 billion, $1.2 billion more than August imports. Full Text

Published November 04, 2020 at 08:30PM
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