The BEA Wire | BEA's Official Blog

Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the "second" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent.

Real gross domestic product (GDP) for the U.S. Virgin Islands increased 2.8 percent in 2021 after decreasing 1.9 percent in 2020, according to statistics released today by the U.S. Bureau of Economic Analysis.

The U.S. goods and services trade deficit decreased from $70.6 billion in February (revised) to $64.2 billion in March, as exports increased and imports decreased.

Patricia Abaroa is the new Deputy Director of the Bureau of Economic Analysis, bringing decades of economic accounting experience to the post.

Personal income increased $67.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $8.2 billion, or less than 0.1 percent, in March.

Real gross domestic product increased at an annual rate of 1.1 percent in the first quarter of 2023, according to the “advance” estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent.

The U.S. goods and services trade deficit increased from $68.7 billion in January (revised) to $70.5 billion in February, as exports decreased more than imports. The goods deficit increased $2.7 billion to $93.0 billion, and the services surplus increased $0.8 billion to $22.4 billion.

Real gross domestic product (GDP) increased in 42 states and the District of Columbia in 2022, with the percent change in real GDP ranging from 4.9 percent in Idaho to –2.4 percent in Alaska.

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 $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.

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 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 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).