A message from Mary Bohman, Acting Director of the Bureau of Economic Analysis.
Real GDP increased 4.3 percent in the fourth quarter of 2020, reflecting positive contributions from exports, nonresidential fixed investment, consumer spending, residential fixed investment, and private inventory investment.
Net government saving increased $1,315.3 billion to −$2,290.0 billion. Net federal government saving increased $1,258.8 billion to −$2,269.8 billion. Net state and local government saving increased $56.6 billion to −$20.1 billion.
Integrated BEA/BLS Industry-Level Production Account and the Sources of U.S. Economic Growth: New Statistics for 2019 and Updated Statistics for 1987–2018, Including Extended Capital Detail
Presents the sources of GDP growth across industries for the period 1987–2019.
The U.S. current-account deficit increased $7.6 billion to $188.5 billion in the fourth quarter of 2020. In 2020, the U.S. current account deficit increased $167.0 billion to $647.2 billion.
The U.S. net international investment position was −$14.09 trillion at the end of the fourth quarter of 2020, compared to −$13.86 trillion at the end of the third quarter. At the end of 2020, the U.S. net international investment position was −$14.09 trillion, compared to −11.05 trillion at the end of 2019.
A look at upcoming changes to the International Transactions Accounts and to the International Investment Position Accounts.