Gross Domestic Product, 4th Quarter and Year 2020 (Second Estimate)

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Real gross domestic product (GDP) increased at an annual rate of 4.1 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 0.1 percentage point higher than the "advance" estimate released in January. In the third quarter, real GDP increased 33.4 percent. Full Text

Published February 25, 2021 at 09:30PM
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U.S. International Trade in Goods and Services, December 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 $66.6 billion in December, down $2.4 billion from $69.0 billion in November, revised. December exports were $190.0 billion, $6.2 billion more than November exports. December imports were $256.6 billion, $3.8 billion more than November imports. Full Text

Published February 05, 2021 at 09:30PM
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