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 decreased…
2019 Trade Gap is $616.8 Billion
February 5, 2020
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. gross domestic product, the goods and services deficit was 2.9 percent in 2019, down from 3.0 percent in 2018. The goods deficit decreased from $887.3 billion in 2018 to $…
Personal Income and Outlays, December 2019
January 31, 2020
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.
GDP Increases in Fourth Quarter
January 30, 2020
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
The fourth-quarter increase in real GDP reflected increases in consumer spending, government spending, housing investment, and exports which were partially offset by decreases in inventory…
