April 2019

Director’s Message

A message from Brian Moyer, Director of the Bureau of Economic Analysis.

GDP and the Economy: Third Estimates for the Fourth Quarter of 2018

Real GDP increased 2.2 percent, reflecting positive contributions from consumer spending, nonresidential fixed investment, exports, private inventory investment, and federal government spending.

Government Receipts and Expenditures: Fourth Quarter of 2018

Net government saving decreased $73.1 billion to −$1,265.2 billion. Net federal government saving and net state and local government saving decreased.

U.S. International Transactions: Fourth Quarter and Year 2018

The U.S. current-account deficit increased $7.8 billion to $134.4 billion. In the financial account, net U.S. borrowing increased from $36.8 billion to $168.3 billion.

U.S. Net International Investment Position: Fourth Quarter and Year 2018

The net international investment position was −$9,717.1 billion at the end of the fourth quarter, down from −$9,634.8 billion at the end of the third quarter.

Preview of the 2019 Annual Update of the International Economic Accounts

A look at upcoming changes to the international transactions accounts and to the international investment position accounts.