Gross Domestic Product by State and Personal Income by State, 4th Quarter 2022 and Year 2022 (Preliminary)

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Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the fourth quarter of 2022, with the percent change in real GDP ranging from 7.0 percent in Texas to -4.3 percent in South Dakota. Personal income increased in 48 states and the District of Columbia in the fourth quarter of 2022, with the percent change ranging from 15.3 percent in Massachusetts to -2.5 percent in Colorado. Full Text

Published March 31, 2023 at 10:00PM
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Personal Income and Outlays, February 2023

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Personal income increased $72.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $27.9 billion, or 0.2 percent, in February. 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 4.6 percent in February, compared with 4.4 percent in January. Full Text

Published March 31, 2023 at 08:30PM
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Gross Domestic Product, Fourth Quarter and Year 2022 (Third Estimate), GDP by Industry, and Corporate Profits

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Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.Profits decreased 2.0 percent in the fourth quarter after decreasing less than 0.1 percent in the third quarter.Private goods-producing industries increased 4.0 percent, private services-producing industries increased 2.3 percent, and government increased 2.1 percent. Overall, 17 of 22 industry groups contributed to the fourth-quarter increase in real GDP. Full Text

Published March 30, 2023 at 08:30PM
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U.S. International Investment Position, 4th Quarter and Year 2022

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The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$16.12 trillion at the end of the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of the third quarter, the net investment position was -$16.84 trillion (revised). Full Text

Published March 29, 2023 at 08:30PM
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U.S. International Transactions, 4th Quarter and Year 2022

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The U.S. current-account deficit narrowed by $12.2 billion, or 5.6 percent, to $206.8 billion in the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $219.0 billion. The fourth-quarter deficit was 3.2 percent of current-dollar gross domestic product, down from 3.4 percent in the third quarter. Full Text

Published March 23, 2023 at 08:30PM
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Arts and Cultural Production Satellite Account, U.S. and States, 2021

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The Arts and Cultural Production Satellite Account released today by the Bureau of Economic Analysis (BEA) shows that arts and cultural economic activity, adjusted for inflation, increased 13.7 percent in 2021 after decreasing 4.8 percent in 2020. By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 5.9 percent in 2021 after decreasing 2.8 percent in 2020. Arts and cultural economic activity accounted for 4.4 percent of gross domestic product (GDP), or $1.02 trillion, in 2021. Full Text

Published March 15, 2023 at 10:00PM
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U.S. International Trade in Goods and Services, January 2023

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The U.S. monthly international trade deficit increased in January 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.2 billion in December (revised) to $68.3 billion in January, as imports increased more than exports. The goods deficit decreased $0.6 billion in January to $90.1 billion. The services surplus decreased $1.7 billion in January to $21.8 billion. Full Text

Published March 08, 2023 at 09:30PM
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