Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2021

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Real gross domestic product (GDP) increased at an annual rate of 6.7 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was revised up 0.1 percentage point from the "second" estimate released in August. In the second quarter, government assistance payments in the form of loans to businesses and grants to state and local governments increased, while social benefits to households, such as the direct economic impact payments, declined. In the first quarter of 2021, real GDP increased 6.3 percent. Full Text

Published September 30, 2021 at 08:30PM
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U.S. International Investment Position, 2nd Quarter 2021

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The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$15.42 trillion at the end of the second quarter of 2021, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $34.20 trillion and liabilities were $49.62 trillion. At the end of the first quarter, the net investment position was -$14.30 trillion. Full Text

Published September 28, 2021 at 08:30PM
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Gross Domestic Product for Puerto Rico, 2019

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Real gross domestic product (GDP) for Puerto Rico increased 0.3 percent in 2019 after decreasing 2.4 percent in 2018, according to estimates released today by the Bureau of Economic Analysis (BEA). The statistics released today are BEA's first official release of GDP for Puerto Rico. The release includes updated estimates for 2012 to 2018 that incorporate new and additional source data and methodology improvements to the prototype GDP statistics that were released in September 2020. Full Text

Published September 27, 2021 at 10:00PM
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Personal Income by State, 2nd Quarter 2021 and Year 2020

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State personal income decreased 21.8 percent at an annual rate in the second quarter of 2021 after increasing 56.9 percent in the first quarter. In the second quarter of 2021, the decrease in transfer receipts was the leading contributor to personal income declines in all 50 states and the District of Columbia. The percent change in personal income across all states ranged from -10.1 percent in the District of Columbia to -34.0 percent in West Virginia. Full Text

Published September 23, 2021 at 08:30PM
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U.S. International Transactions, 2nd Quarter 2021

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The U.S. current account deficit widened by $0.9 billion, or 0.5 percent, to $190.3 billion in the second quarter of 2021, according to statistics from the U.S. Bureau of Economic Analysis. The revised first quarter deficit was $189.4 billion. The first quarter deficit was 3.3 percent of current dollar gross domestic product, down from 3.4 percent in the first quarter. Full Text

Published September 21, 2021 at 08:30PM
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U.S. International Trade in Goods and Services, July 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 trade deficit was $70.1 billion in July, down $3.2 billion from $73.2 billion in June, revised. July exports were $212.8 billion, $2.8 billion more than June exports. July imports were $282.9 billion, $0.4 billion less than June imports. Full Text

Published September 02, 2021 at 08:30PM
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