April 2022
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 2021
Real GDP increased 6.9 percent in the fourth quarter of 2021, reflecting increases in private inventory investment, exports, consumer spending, and nonresidential fixed investment.
Government Receipts and Expenditures: Fourth Quarter of 2021
Net government saving increased $598.8 billion to −$1,431.2 billion. Net federal government saving increased $718.5 billion to −$1,517.1 billion. Net state and local government saving decreased $119.7 billion to $85.9 billion.
NIPA Translation of the Fiscal Year 2023 Federal Budget
These federal government budget estimates, which are based on the proposed budget of the U.S. government, are often used to gauge the effects of the federal budget on U.S. economic activity.
U.S. International Transactions: Fourth Quarter and Year 2021
The U.S. current-account deficit decreased $2.0 billion to $217.9 billion in the fourth quarter of 2021. In 2021, the U.S. current-account deficit increased $205.5 billion to $821.6 billion.
U.S. International Investment Position: Fourth Quarter and Year 2021
The U.S. net international investment position was −$18.10 trillion at the end of the fourth quarter of 2021, compared to −$16.35 trillion at the end of the third quarter. At the end of 2021, the U.S. net international investment position was −$18.10 trillion, compared to −$14.01 trillion at the end of 2020.
Preview of the 2022 Annual Update of the International Economic Accounts
A look at upcoming changes to the International Transactions Accounts and to the International Investment Position Accounts.
