Gross Domestic Product by State, 1st Quarter 2022

| In ,
Real gross domestic product (GDP) decreased in 46 states and the District of Columbia in the first quarter of 2022, as real GDP for the nation decreased at an annual rate of 1.6 percent. The percent change in real GDP in the first quarter ranged from 1.2 percent in New Hampshire to -9.7 percent in Wyoming. Full Text

Published June 30, 2022 at 10:00PM
Read more at bea.gov

Personal Income and Outlays, May 2022

| In ,
Personal income increased $113.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $32.7 billion, or 0.2 percent, in May. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.4 percent in May, compared with 5.2 percent in April. Full Text

Published June 30, 2022 at 08:30PM
Read more at bea.gov

Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), First Quarter 2022

| In ,
Real gross domestic product (GDP) decreased at an annual rate of 1.6 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021. The decrease was revised down 0.1 percentage point from the ?second? estimate released in May. In the first quarter, there was a resurgence of COVID-19 cases from the Omicron variant and decreases in government pandemic assistance payments. Full Text

Published June 29, 2022 at 08:30PM
Read more at bea.gov

U.S. International Investment Position, First Quarter 2022 and Annual Update

| In ,
The U.S. net international investment position (IIP), the difference between U.S. residents' foreign financial assets and liabilities, was -$17.75 trillion at the end of the first quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $34.00 trillion, and liabilities were $51.75 trillion. At the end of the fourth quarter of 2021, the net investment position was -$18.12 trillion. Full Text

Published June 28, 2022 at 08:30PM
Read more at bea.gov

U.S. International Transactions, First Quarter 2022 and Annual Update

| In ,
The U.S. current-account deficit widened by $66.6 billion, or 29.6 percent, to $291.4 billion in the first quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $224.8 billion. The first-quarter deficit was 4.8 percent of current-dollar gross domestic product, up from 3.7 percent in the fourth quarter. Full Text

Published June 23, 2022 at 08:30PM
Read more at bea.gov

Marine Economy Satellite Account, 2014-2020

| In ,
The marine economy accounted for 1.7 percent, or $361.4 billion, of current-dollar U.S. gross domestic product (GDP) in 2020 and 1.7 percent, or $610.3 billion, of current-dollar gross output. Real (inflation-adjusted) GDP for the marine economy decreased 5.8 percent from 2019 to 2020, compared with a 3.4 percent decrease for the overall U.S. economy. Real gross output for the marine economy decreased 8.5 percent, while marine economy compensation decreased 1.2 percent, and employment decreased 10.8 percent. Full Text

Published June 09, 2022 at 10:00PM
Read more at bea.gov

U.S. International Trade in Goods and Services, April 2022

| In ,
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $87.1 billion in April, down $20.6 billion from $107.7 billion in March, revised. April exports were $252.6 billion, $8.5 billion more than March exports. April imports were $339.7 billion, $12.1 billion less than March imports. Full Text

Published June 07, 2022 at 08:30PM
Read more at bea.gov