July 2021

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 2021

Real GDP increased 6.4 percent in the first quarter of 2021, reflecting positive contributions from consumer spending, nonresidential fixed investment, federal government spending, residential fixed investment, and state and local government spending.

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 2021

The U.S. current-account deficit increased to $195.7 billion in the first quarter from $175.1 billion in the fourth quarter of 2020.

U.S. International Investment Position: First Quarter 2021, Annual Update, and Year 2020 (Revised)

The net international investment position decreased from −$14.01 trillion in the fourth quarter of 2020 to −$14.32 trillion in the first quarter of 2021. The position decreased from −$11.23 trillion in 2019 to −$14.01 trillion in 2020.

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.

A Primer on the U.S. International Economic Accounts

An introduction to the structure and components of the U.S. International Economic Accounts that includes updates introduced in the accounts since 2010.

Preview of the 2021 Annual Update of the Regional Economic Accounts

A look at upcoming updates to statistics for state gross domestic product, state personal consumption expenditures, state personal income, and regional price parities.