October 2019

Director’s Message

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

GDP and the Economy: Third Estimates for the Second Quarter of 2019

Real GDP increased 2.0 percent in the second quarter of 2019, reflecting positive contributions from consumer spending, federal government spending, and state and local government spending.

U.S. International Services: Trade in Services in 2018 and Services Supplied Through Affiliates in 2017

In 2018, U.S. exports of services exceeded U.S. imports of services for a surplus of $259.7 billion. In 2017, services supplied to foreign markets through foreign affiliates of U.S. MNEs exceeded services supplied to the United States through U.S. affiliates of foreign MNEs.

U.S. International Transactions: Second Quarter 2019

The U.S. current-account deficit decreased to $128.2 billion in the second quarter of 2019 from $136.2 billion in the first quarter.

U.S. International Investment Position: Second Quarter 2019

The U.S. net international investment position was −$10.56 trillion at the end of the second quarter of 2019. At the end of the first quarter, the net investment position was −$10.16 trillion

Regional Quarterly Report

A look at state personal income statistics for 2018; these statistics incorporate the results of the annual update of the National Income and Product Accounts and updated source data and seasonal factors.

Outdoor Recreation Satellite Account: Updated National Statistics and Prototype State-Level Statistics for 2012–2017

Presents prototype state statistics on outdoor recreation for all 50 states and the District of Columbia.