April 2018

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 2017

Real GDP increased 2.9 percent, primarily reflecting positive contributions from consumer spending, business investment, exports, residential investment, state and local government spending, and federal government spending.

Government Receipts and Expenditures: Fourth Quarter of 2017

Net government saving decreased $112.3 billion to −$904.1 billion. Net federal government saving decreased, while net state and local government saving increased.

Preview of the 2018 Comprehensive Update of the National Income and Product Accounts

A look at the major changes in statistics, definitions, and presentations to be introduced as part of the upcoming update.

U.S. International Transactions: Fourth Quarter and Year 2017

The current-account deficit increased $26.7 billion to $128.2 billion. In the financial account, net U.S. borrowing decreased $92.0 billion to $29.8 billion.

U.S. Net International Investment Position: Fourth Quarter and Year 2017

The net international investment position was −$7,845.8 billion at the end of the fourth quarter, down from −$7,739.7 billion at the end of the third quarter.