July 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 First Quarter of 2020

Real GDP decreased 5.0 percent in the first quarter of 2020, reflecting negative contributions from consumer spending, inventory investment, exports, and nonresidential fixed investment.

Annual Update of the U.S. International Transactions Accounts

Revised quarterly and annual statistics that incorporate newly available and revised source data as well as updated seasonal factors.

U.S. International Transactions: First Quarter 2020

The U.S. current-account deficit decreased to $104.2 billion in the first quarter from $104.3 billion in the fourth quarter of 2019.

U.S. Net International Investment Position: First Quarter 2020, Year 2019, and Annual Update

The net international investment position decreased from −$11.05 trillion in the fourth quarter of 2019 to −$12.06 trillion in the first quarter of 2020. The position decreased from −$9.67 trillion in 2018 to −$11.05 trillion in 2019.

How BEA Aligns and Augments Source Data from the U.S. Treasury Department for Inclusion in the International Transactions Accounts

The estimates of financial-account flows, which are based on Treasury Department data, are adjusted to align the estimates with balance-of-payments concepts and to close gaps in coverage.

Transactions of State and Local Government Defined Benefit Pension Plans: Experimental Estimates by State

Transactions of state and local government defined pension plans, including an experimental set of statistics for 2000 to 2018.