Gross Domestic Product by State, 4th Quarter 2021 and Year 2021 (Preliminary)

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Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2021, as real GDP for the nation increased at an annual rate of 6.9 percent. The percent change in real GDP in the fourth quarter ranged from 10.1 percent in Texas to -2.3 percent in Iowa. Full Text

Published March 31, 2022 at 10:00PM
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Personal Income and Outlays, February 2022

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Personal income increased $101.5 billion, or 0.5 percent at a monthly rate, while consumer spending increased $34.9 billion, or 0.2 percent, in February. The increase in personal income primarily reflected an increase in compensation of employees that was partly offset by a decrease in government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.3 percent in February, compared with 6.1 percent in January. Full Text

Published March 31, 2022 at 08:30PM
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Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits, 4th Quarter and Year 2021

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Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in the fourth quarter of 2021, following an increase of 2.3 percent in the third quarter. The increase was revised down 0.1 percentage point from the "second" estimate released in February. The acceleration in the fourth quarter was led by an acceleration in inventory investment, upturns in exports and residential fixed investment and an acceleration in consumer spending. In the fourth quarter, COVID-19 cases resulted in continued restrictions and disruptions in the operations of establishments in some parts of the country. Government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased as provisions of several federal programs expired or tapered off. Full Text

Published March 30, 2022 at 08:30PM
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U.S. International Investment Position, 4th Quarter and Year 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 -$18.10 trillion at the end of the fourth quarter of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $35.21 trillion, and liabilities were $53.31 trillion. At the end of the third quarter, the net investment position was -$16.35 trillion. Full Text

Published March 29, 2022 at 08:30PM
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U.S. International Transactions, Fourth Quarter and Year 2021

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The U.S. current-account deficit narrowed by $2.0 billion, or 0.9 percent, to $217.9 billion in the fourth quarter of 2021, according to statistics released by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $219.9 billion. The fourth-quarter deficit was 3.6 percent of current-dollar gross domestic product, down from 3.8 percent in the third quarter. Full Text

Published March 24, 2022 at 08:30PM
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Personal Income by State, 2021 (Preliminary) and 4th Quarter 2021

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State personal income increased 7.4 percent in 2021 after increasing 6.6 percent in 2020. In 2021, increases in earnings, transfer receipts, and property income (dividends, interest, and rent) contributed to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 9.6 percent in Idaho to 4.5 percent in Vermont. Full Text

Published March 23, 2022 at 08:30PM
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Arts and Cultural Production Satellite Account, U.S. and States, 2020

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The Arts and Cultural Production Satellite Account released by the U.S. Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, decreased 6.4 percent in 2020 after increasing 3.4 percent in 2019. Arts and cultural economic activity accounted for 4.2 percent of gross domestic product (GDP), or $876.7 billion, in 2020. Full Text

Published March 15, 2022 at 10:00PM
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U.S. International Trade in Goods and Services, January 2022

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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 $89.7 billion in January, up $7.7 billion from $82.0 billion in December, revised. January exports were $224.4 billion, $3.9 billion less than December exports. January imports were $314.1 billion, $3.8 billion more than December imports. Full Text

Published March 08, 2022 at 09:30PM
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Gross Domestic Product for the U.S. Virgin Islands, 2020

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Real gross domestic product (GDP) for the U.S. Virgin Islands (USVI) decreased 2.2 percent in 2020 after increasing 2.8 percent in 2019. The decrease in real GDP reflected decreases in exports of services, private fixed investment, personal consumption expenditures, and government spending. These decreases were partly offset by an increase in private inventory investment. Full Text

Published March 04, 2022 at 11:00PM
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