The BEA Wire | BEA's Official Blog

BEA has launched a research project to measure the multibillion-dollar U.S. space economy, such as satellites, rocket launches, and benefits like GPS navigation here on Earth.

The U.S. monthly international trade deficit increased in December 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.7 billion in November (revised) to $48.9 billion in December, as imports increased more than exports.

The U.S. international trade deficit decreased in 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $627.7 billion in 2018 to $616.8 billion in 2019, as imports decreased more than exports. As a percentage of U.S.

Personal income increased 0.2 percent in December after increasing 0.4 percent in November. Wages and salaries, the largest component of personal income, increased 0.3 percent in December after increasing 0.4 percent in November.

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP also increased 2.1 percent.Fourth-quarter GDP highlights

New BEA research offers fresh insights into U.S. firms that export and import services internationally.

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2019. The percent change in real GDP in the third quarter ranged from 4.0 percent in Texas to 0.0 percent in Delaware.

Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019.

The U.S. monthly international trade deficit decreased in November 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.9 billion in October (revised) to $43.1 billion in November, as exports increased and imports decreased.

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.95 trillion at the end of the third quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA).

Personal income increased 0.5 percent in November after increasing 0.1 percent in October. Wages and salaries, the largest component of personal income, increased 0.4 percent in November after increasing 0.5 percent in October.

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “second” estimate released in November. In the second quarter, real GDP rose 2.0 percent.