April 2020

Director’s Message

A message from Mary Bohman, Acting Director of the Bureau of Economic Analysis.

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

Real GDP increased 2.1 percent in the fourth quarter of 2019, reflecting positive contributions from consumer spending, exports, residential fixed investment, federal government spending, and state and local government spending.

Government Receipts and Expenditures: Fourth Quarter of 2019

Net government saving decreased $11.1 billion to −$1,463.7 billion. Net federal government saving decreased $6.9 billion to −$1,232.1 billion. Net state and local government saving decreased $4.3 billion to −$231.7 billion.

Integrated Industry-Level Production Account for the United States and the Sources of U.S. Economic Growth Between 1987 and 2018

Presents the sources of GDP growth across industries for the period 1987–2018.

U.S. International Transactions: Fourth Quarter and Year 2019

The U.S. current-account deficit decreased $15.6 billion to $109.8 billion in the fourth quarter of 2019. In 2019, the U.S. current account deficit increased $7.4 billion to $498.4 billion.

U.S. International Investment Position: Fourth Quarter and Year 2019

The U.S. net international investment position was −$10.99 trillion at the end of the fourth quarter of 2019, compared to −$10.98 trillion at the end of the third quarter. At the end of 2019, the U.S. net international investment position was −$10.99 trillion, compared to −$9.55 trillion at the end of 2018.

Preview of the 2020 Annual Update of the International Economic Accounts

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