Bureau of Economic Analysis

We’re More Than GDP: Key International Stats Come From Our Surveys

A blog from BEA Director Vipin Arora

Here is a fact that may surprise you: The Bureau of Economic Analysis conducts 17 surveys. Yes, the home of gross domestic product, personal consumption expenditure prices, and the current account is also in the big leagues when it comes to running surveys.

Marine Economy Satellite Account, 2022

The Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show the marine economy accounted for $476.2 billion, or 1.8 percent, of current-dollar U.S. gross domestic product in 2022, an increase from $424.2 billion, or 1.8 percent, in. The marine economy accounted for 1.7 percent, or $776.9 billion, of current-dollar gross output.

April 2024 Trade Gap is $74.6 Billion

The U.S. goods and services trade deficit increased from $68.6 billion in March (revised) to $74.6 billion in April, as imports increased more than exports. The goods deficit increased $5.9 billion to $99.2 billion, and the services surplus decreased $0.1 billion to $24.7 billion. 

Coming Soon: More International Investment Position Data, Quarterly Detail on Prices, Exchange Rates

BEA will begin publishing on June 26 new quarterly detail for the U.S. international investment position (IIP), a statistical balance sheet that presents the dollar value of U.S. financial assets and liabilities with respect to other countries at the end of each quarter and year.  The IIP statistics are published in BEA news releases and interactive data tables in March, June, September, and December.

Personal Income and Outlays, April 2024

Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April. Disposable personal income —personal income less personal current taxes—increased $40.2 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $42.8 billion (0.2 percent) and consumer spending increased $39.1 billion (0.2 percent). Personal saving was $744…