The BEA Wire | BEA's Official Blog
U.S. Current Account Deficit Widens in Second Quarter 2021
The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $0.9 billion, or 0.5 percent, to $190.3 billion in the second quarter of 2021. The widening mainly reflected reduced surpluses on services and on primary income that were mostly offset by a reduced deficit on secondary income. The second quarter deficit was 3…
July 2021 Trade Gap is $70.1 Billion
The U.S. monthly international trade deficit decreased in July 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $73.2 billion in June (revised) to $70.1 billion in July, as exports increased and imports decreased. The previously published June deficit was $75.7 billion. The goods deficit decreased$5.5 billion in July to $87.7 billion. The services surplus decreased $2.4 billion in…
Personal Income and Outlays, July 2021
Personal income increased$225.9 billion, or 1.1 percent at a monthly rate, while consumer spending increased$42.2 billion, or 0.3 percent, in July. Compensation increased and new advance Child Tax Credit payments, authorized by the American Rescue Plan, began in July. In addition to presenting estimates for July 2021, these highlights provide comparisons to February 2020, the last month before the onset of the COVID-19 pandemic in the United…
Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Second Quarter 2021
Real gross domestic product (GDP) increased at an annual rate of 6.6 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was revised up 0.1 percentage point from the “advance” estimate released in July. In the second quarter, government assistance payments in the form of loans to businesses and grants to…
Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2019
Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises(MNEs) employed7.95 million workers in the United States in 2019, a 1.1 percent increase from 7.86 million in 2018, according to the Bureau of Economic Analysis. MOUSAs accounted for 6.0 percent of total private-industry employment in the United States in 2019.
Getting to Know BEA’s International Statistics
Did the U.S. current account deficit grow or shrink last year? What products make up the largest share of U.S. goods exports? What types of assets make up the largest portion of U.S. financial investments abroad? In which state do U.S. affiliates of foreign multinational enterprises employ the most people?
June 2021 Trade Gap is $75.7 Billion
The U.S. monthly international trade deficit increased in June 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $71.0 billion in May (revised) to $75.7 billion in June, as imports increased more than exports. The previously published May deficit was $71.2 billion. The goods deficit increased $4.0 billion in June to $93.2 billion. The services surplus decreased $0.7 billion in June…
Personal Income and Outlays, June 2021
Personal income increased $26.1 billion, or 0.1 percent at a monthly rate, while consumer spending increased $155.4 billion, or 1.0 percent, in June. Compensation increased in June while pandemic related assistance programs declined. In addition to presenting estimates for June 2021, these highlights provide comparisons to February 2020, the last month before the onset of the COVID-19 pandemic in the United States. For more information, see…
Gross Domestic Product, Second Quarter 2021 (Advance Estimate) and Annual Update
Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. In the second quarter, government assistance payments in the form of loans to businesses and grants to state and local governments increased, while social benefits to households, such as the direct…
Direct Investment by Country and Industry, 2020
The U.S. direct investment abroad position, or cumulative level of investment, increased $244.9 billion to $6.15 trillion at the end of 2020 from $5.91 trillion at the end of 2019, according to statistics released by the Bureau of Economic Analysis (BEA). The increase reflected a $158.8 billion increase in the position in Europe, primarily in the United Kingdom and the Netherlands. By industry, holding company affiliates owned by U.S.…
GDP Updates for 2020 and Earlier Years Coming July 29
BEA will update 2020 statistics on gross domestic product, personal income, spending, saving, and other measures of the pandemic year’s economy on July 29, as part of our regular annual update of national statistics for previous years.
May 2021 Trade Gap is $71.2 Billion
The U.S. monthly international trade deficit increased in May 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $69.1 billion in April (revised) to $71.2 billion in May, as imports increased more than exports. The previously published April deficit was $68.9 billion. The goods deficit increased $2.3 billion in May to $89.2 billion. The services surplus increased $0.1 billion in May…