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Reliability of the International Accounts
Based on analysis of preliminary and revised statistics for recent years, early estimates from BEA present a clear and consistent picture of both the International Transactions Accounts and International Investment Position Accounts. Revisions are generally small relative to the statistics themselves and do not show consistent directional bias.
Activities of U.S. Affiliates of Foreign Multinational Enterprises
Statistics on value added and employment and expenditures on property, plant, and equipment and research and development in 2022.
Updated Summary of NIPA Methodologies
BEA recently improved its estimates of current-dollar GDP, current-dollar GDI, and real GDP as part of the 2024 annual update of the National Economic Accounts, which includes the National Income and Product Accounts. The sources of data and the methodologies that are now used to prepare the NIPA estimates are summarized in this report.
The 2024 Annual Update of the National Economic Accounts
Details of the annual update for the National Income and Product Accounts and the Industry Economic Accounts, which incorporated newly available and revised source data as well as improved methods and updated seasonal adjustment factors.
A Look at the U.S. International Transactions
The U.S. current-account deficit increased to $266.8 billion in the second quarter of 2024 from $241.0 billion in the first quarter.
Government Receipts and Expenditures
Net government saving decreased $57.3 billion to −$1,857.2 billion in the second quarter of 2024. Net federal government saving decreased $17.5 billion to −$1,763.6 billion. Net state and local government saving decreased $39.7 billion to −$93.5 billion.