U.S. International Investment Position, 3rd Quarter 2021

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The U.S. net international investment position (IIP), the difference between U.S. residents' foreign financial assets and liabilities, was -$16.07 trillion at the end of the third quarter of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $34.45 trillion, and liabilities were $50.53 trillion. At the end of the second quarter, the net investment position was -$15.91 trillion. Full Text

Published December 30, 2021 at 09:30PM
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Gross Domestic Product by State, 3rd Quarter 2021

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Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the third quarter of 2021, as real GDP for the nation increased at an annual rate of 2.3 percent. The percent change in real GDP in the third quarter ranged from 6.0 percent in Hawaii to -3.3 percent in New Hampshire and North Dakota. GDP estimates reflect the continued economic impacts related to the COVID-19 pandemic. Government pandemic assistance payments to households and business decreased. The full economic effects of the COVID-19 pandemic cannot be quantified in the state GDP estimates because the impacts are generally embedded in source data and cannot be separately identified. Full Text

Published December 23, 2021 at 11:00PM
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Personal Income and Outlays, November 2021

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Personal income increased $90.4 billion, or 0.4 percent at a monthly rate, while consumer spending increased $104.7 billion, or 0.6 percent, in November. The increase in personal income primarily reflected increases in compensation of employees and government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.9 percent in November, compared with 7.1 percent in October. Full Text

Published December 23, 2021 at 09:30PM
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Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 3rd Quarter 2021

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Real gross domestic product (GDP) increasedat an annual rate of 2.3 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. The increase was revised up 0.2 percentage point from the "second" estimate released in November. The deceleration in real GDP in the third quarter was led by a slowdown in consumer spending. A resurgence of COVID-19 cases resulted in new restrictions and delays in the reopening of establishments in some parts of the country. In the third quarter, government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased. Full Text

Published December 22, 2021 at 09:30PM
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U.S. International Transactions, 3rd Quarter 2021

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The U.S. current-account deficit widened by $16.5 billion, or 8.3 percent, to $214.8 billion in the third quarter of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $198.3 billion. The third-quarter deficit was 3.7 percent of current-dollar gross domestic product, up from 3.5 percent in the second quarter. Full Text

Published December 21, 2021 at 09:30PM
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Real Personal Consumption Expenditures and Personal Income by State, 2020

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Today, the U.S Bureau of Economic Analysis (BEA) released official statistics of real state personal consumption expenditures (PCE) for the first time. Real PCE decreased 3.8 percent in 2020 for the nation. Across states, the percent change ranged from 2.2 percent in Utah to -7.0 percent in Hawaii, Maryland, and New York; the percent change was -8.9 percent in the District of Columbia. Real state PCE is a state's current-dollar PCE adjusted by the state's regional price parity and the national PCE price index. Full Text

Published December 14, 2021 at 09:30PM
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Gross Domestic Product by County and Metropolitan Area, 2020

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Real gross domestic product (GDP) increased in 864 counties, decreased in 2,234 counties, and was unchanged in 14 counties in 2020. The percent change in real GDP ranged from 91.0 percent in Foard County, TX, to -29.0 percent in Skagway Municipality, AK. GDP estimates were impacted by the response to the spread of COVID-19, as governments issued and lifted "stay-at-home" orders. The full economic effects of the COVID-19 pandemic cannot be quantified in the county GDP estimates, because the impacts are generally embedded in source data and cannot be separately identified. Full Text

Published December 08, 2021 at 09:30PM
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U.S. International Trade in Goods and Services, October 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 $67.1 billion in October, down $14.3 billion from $81.4 billion in September, revised. October exports were $223.6 billion, $16.8 billion more than September exports. October imports were $290.7 billion, $2.5 billion more than September imports. Full Text

Published December 07, 2021 at 09:30PM
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Gross Domestic Product for Guam, 2020

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Real gross domestic product (GDP) for Guam decreased 11.9 percent in 2020 after increasing 2.5 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. The decrease in real GDP reflected decreases in exports of goods and services and personal consumption expenditures. These decreases were partly offset by increases in federal government spending, territorial government spending, and private fixed investment. Imports, a subtraction item in the calculation of GDP, declined. Full Text

Published December 02, 2021 at 06:00AM
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Gross Domestic Product for American Samoa, 2020

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Real gross domestic product (GDP) for American Samoa increased 4.0 percent in 2020 after decreasing 0.6 percent in 2019. The increase in real GDP reflected widespread growth among the major components of GDP including exports, private inventory investment, and government spending. These increases were partly offset by an increase in imports, which is a subtraction item in the calculation of GDP. Full Text

Published December 01, 2021 at 03:00AM
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