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Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the "advance" estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

Personal income increased $50.5 billion (0.2 percent at a monthly rate) in August. Disposable personal income (DPI)-personal income less personal current taxes- increased $34.2 billion (0.2 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $48.3 billion (0.2 percent) and consumer spending increased $47.2 billion (0.2 percent). Personal saving was $1.05 trillion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.8 percent in August. Full Text

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "third" estimate. In the first quarter, real GDP increased 1.6 percent (revised). The second-quarter increase in real GDP was the same as previously estimated in the "second" estimate released in August. The increase in the second quarter primarily reflected increases in consumer spending, inventory investment, and business investment. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$22.52 trillion at the end of the second quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $36.00 trillion, and liabilities were $58.52 trillion. At the end of the first quarter, the net investment position was -$21.29 trillion (revised). Full Text

The U.S. current-account deficit widened by $25.8 billion, or 10.7 percent, to $266.8 billion in the second quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $241.0 billion. The second-quarter deficit was 3.7 percent of current-dollar gross domestic product, up from 3.4 percent in the first quarter. Full Text

Personal income increased $75.1 billion (0.3 percent at a monthly rate) in July. Disposable personal income (DPI)-personal income less personal current taxes-increased $54.8 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $103.3 billion (0.5 percent) and consumer spending increased $103.8 billion (0.5 percent). Personal saving was $598.8 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 2.9 percent in July. Full Text

Worldwide employment by U.S. multinational enterprises increased 2.2 percent to 44.3 million workers in 2022 (preliminary) from 43.3 million workers in 2021 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates. Full Text

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate. In the first quarter, real GDP increased 1.4 percent. The increase in the second quarter primarily reflected increases in consumer spending, inventory investment, and business investment. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

The U.S. direct investment abroad position, or cumulative level of investment, increased $364.0 billion to $6.68 trillion at the end of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $147.1 billion increase in the position in Europe, primarily in Ireland, Switzerland, and the Netherlands. By industry, holding company affiliates had the largest increase. The foreign direct investment in the United States position increased $227.0 billion to $5.39 trillion at the end of 2023. The increase mainly reflected a $96.0 billion increase in the position from Canada and an $86.1 billion increase from Europe, primarily a $58.9 billion increase from Germany. By industry, affiliates in manufacturing increased the most, increasing $58.6 billion to a total investment position of $2.22 trillion. Full Text

Real gross domestic product (GDP) for Guam increased 5.1 percent in 2022 after increasing 2.1 percent in 2021. The increase in real GDP reflected increases in exports, private fixed investment, government spending, and personal consumption expenditures. Imports, a subtraction item in the calculation of GDP, increased. Full Text

Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income (DPI)-personal income less personal current taxes-increased $50.3 billion (0.2 percent). Consumer spending increased $145.5 billion (0.8 percent). Personal saving was $745.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.6 percent in February. Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $149.9 billion. Full Text

Personal income increased $60.0 billion (0.3 percent at a monthly rate) in December. Disposable personal income (DPI)-personal income less personal current taxes-increased $51.8 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $134.7 billion (0.7 percent) and consumer spending increased $133.9 billion (0.7 percent). Personal saving was $766.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.7 percent in December. Full Text

Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023, according to the "advance" estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending and exports. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 9.7 percent in Kansas to 0.7 percent in Arkansas. Current-dollar personal income increased in 49 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 5.2 percent in Texas to 0.0 percent in Arkansas. Full Text

Personal income increased $81.6 billion (0.4 percent at a monthly rate) in November. Disposable personal income (DPI)-personal income less personal current taxes-increased $71.9 billion (0.4 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $47.8 billion (0.2 percent) and consumer spending increased $46.7 billion (0.2 percent). Personal saving was $839.8 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.1 percent in November. Full Text

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the "third" estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased. Profits increased 3.4 percent at a quarterly rate in the third quarter after increasing 0.2 percent in the second quarter. In the third quarter, the value added of private goods-producing industries increased 10.2 percent, private services-producing industries increased 4.1 percent, and government increased 2.0 percent. Overall, 14 of 22 industry groups contributed to the third-quarter increase in real GDP. Full Text

In the second quarter, the value added of private goods-producing industries increased 7.7 percent, private services-producing industries increased 1.0 percent, and government increased 1.0 percent. Overall, 13 of 22 industry groups contributed to the 2.1 percent increase in second-quarter real GDP. Full Text

The value added of the outdoor recreation economy accounted for 2.2 percent ($563.7 billion) of current-dollar gross domestic product (GDP) for the nation in 2022. At the state level, value added for outdoor recreation as a share of state GDP ranged from 5.6 percent in Hawaii to 1.4 percent in Connecticut. The share was 0.9 percent in the District of Columbia. Full Text

Worldwide employment by U.S. multinational enterprises (MNEs) increased 1.1 percent to 43.3 million workers in 2021 (preliminary) from 42.9 million workers in 2020 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA) on the operations and finances of U.S. parent companies and their foreign affiliates. Full Text

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)-personal income less personal current taxes- increased $56.1 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $175.1 billion (0.9 percent) and consumer spending increased $138.7 billion (0.7 percent). Personal saving was $687.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.4 percent in September. Full Text