In this issue, we detail the results of our 2017 Annual Survey of U.S. Direct Investment Abroad. Worldwide current-dollar value added by U.S. multinational enterprises (MNEs) increased 2.0 percent in 2017 to $5.3 trillion. By industry, most of the increase occurred in petroleum-related industries. By geographic area, the increase in value added was driven by the foreign operations of U.S. MNEs.
This month’s “GDP and the Economy” article details the second estimates of the National Income and Product Accounts for the second quarter of 2019. Government receipts and expenditures for the same quarter are separately discussed.