October 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 Second Quarter of 2021

Real GDP increased 6.7 percent in the second quarter of 2021, reflecting positive contributions from consumer spending, nonresidential fixed investment, exports, and state and local government spending.

The 2021 Annual Update of the Industry Economic Accounts: Revised Statistics for 1999–2020 and the First Quarter of 2021

The percent change in real GDP for the first quarter of 2021 was revised down to 6.3 percent; the direction of growth in real value added was unrevised in 19 of 22 major industry groups.

Visual Essay

U.S. International Services: Trade in Services in 2020 and Services Supplied Through Affiliates in 2019

In 2020, U.S. exports of services exceeded U.S. imports of services for a surplus of $245.3 billion. In 2019, 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 2021

The U.S. current-account deficit increased to $190.3 billion in the second quarter from $189.4 billion in the first quarter of 2021.

U.S. International Investment Position: Second Quarter 2021

The U.S. net international investment position was −$15.42 trillion at the end of the second quarter of 2021. At the end of the first quarter, the net investment position was −$14.30 trillion.