October 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 Second Quarter of 2022

Real GDP decreased 0.6 percent in the second quarter of 2022, reflecting decreases in private inventory investment, residential fixed investment, federal government spending, and state and local government spending that were partly offset by increases in exports and consumer spending.

Government Receipts and Expenditures: Second Quarter of 2022

Net government saving decreased $40.2 billion to −$901.8 billion. Net federal government saving increased $65.0 billion to −$864.0 billion. Net state and local government saving decreased $105.3 billion to −$37.9 billion.

Visual Essay

U.S. International Services: Trade in Services in 2021 and Services Supplied Through Affiliates in 2020

In 2021, U.S. exports of services exceeded U.S. imports of services for a surplus of $245.2 billion. In 2020, 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 2022

The U.S. current-account deficit decreased to $251.1 billion in the second quarter from $282.5 billion in the first quarter of 2022.

International Transactions Accounts: Analysis of Revisions

Statistics on revisions to the International Transaction Accounts that BEA provided to the U.S. Office of Management and Budget are made available to the public.

U.S. International Investment Position: Second Quarter 2022

The net international investment position increased from −$17.75 trillion in the first quarter of 2022 to −$16.31 trillion in the second quarter.

Territorial Economic Accounts for American Samoa, Guam, and the U.S. Virgin Islands: Estimates of GDP for 2020 and Estimates of GDP by Industry and Compensation by Industry for 2019

The latest economic trends in these three territories including the impact of the COVID–19 pandemic.