The BEA Wire | BEA's Official Blog
Real Personal Income for States, 2016
Gross Domestic Product (GDP) by State: Fourth Quarter 2017
March 2018 Trade Gap is $49.0 Billion
The U.S. monthly international trade deficit decreased in March 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $57.7 billion in February (revised) to $49.0 billion in March, as exports increased and imports decreased.
Real Consumer Spending Increases in March
GDP Increases in First Quarter
Gross Domestic Product by Industry: Fourth Quarter 2017
February 2018 Trade Gap is $57.6 Billion
The U.S. monthly international trade deficit increased in February 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $56.7 billion in January (revised) to $57.6 billion in February, as imports increased more than exports.
U.S. Net International Investment Position Decreased in Fourth Quarter
The U.S. net international investment position decreased to −$7,845.8 billion (preliminary) at the end of the fourth quarter from −$7,739.7 billion (revised) at the end of the third quarter.
Personal Saving Increases in February
Personal income increased 0.4 percent in February, the same increase as in January. Wages and salaries, the largest component of personal income, increased 0.5 percent in February after increasing 0.6 percent in January.
GDP Increases in Fourth Quarter
State Personal Income Rises in 2017
State personal income increased 3.1 percent on average in 2017, after increasing 2.3 percent in 2016. In 2017, personal income increased in all states and the District of Columbia except one, North Dakota.
U.S. Current-Account Deficit Increases in Fourth Quarter 2017
The U.S. current-account deficit increased to $128.2 billion (preliminary) in the fourth quarter of 2017 from $101.5 billion (revised) in the third quarter of 2017. As a percentage of U.S. GDP, the deficit increased to 2.6 percent from 2.1 percent.