Exploring the Space Economy
February 6, 2020
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 goal is to create a prototype set of statistics showing the space sector’s impact on the national economy. We are researching how to measure both public programs and private endeavors, with emphasis on capturing the value of the expanding commercial space…
December 2019 Trade Gap is $48.9 Billion
February 5, 2020
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 previously published November deficit was $43.1 billion. The goods deficit increased $5.1 billion in December to $69.7 billion. The services surplus