Revised quarterly and annual statistics that incorporate newly available and revised source data as well as updated seasonal factors.
The U.S. current-account deficit increased to $219.3 billion in the first quarter from $216.2 billion in the fourth quarter of 2022.
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.
Net government saving decreased $472.5 billion to −$1,832.6 billion. Net federal government saving decreased $444.7 billion to −$1,664.0 billion. Net state and local government saving decreased $27.8 billion to −$168.6 billion.
The net international investment position decreased from −$16.17 trillion in the fourth quarter of 2022 to −$16.75 trillion in the first quarter of 2023.
Real GDP increased 2.0 percent in the first quarter of 2023, reflecting increases in consumer spending, exports, state and local government spending, federal government spending, and nonresidential fixed investment that were partly offset by decreases in private inventory investment and residential fixed investment.