The digital economy accounted for 6.9 percent of the U.S. gross domestic product, or $1.35 trillion, in 2017, according to a new batch of statistics released by the Bureau of Economic Analysis.
| Gross Domestic Product | Q4 2018 | +2.2% |
| Personal Income | February 2019 | +0.2% |
| International Trade in Goods & Services (Trade Balance) | January 2019 | -$51.1B |
| U.S. International Transactions (Current Account Balance) | Q4 2018 | -$134.4B |
The digital economy accounted for 6.9 percent of the U.S. gross domestic product, or $1.35 trillion, in 2017, according to a new batch of statistics released by the Bureau of Economic Analysis.
How does that compare with traditional U.S. industries? The digital economy ranked just below professional, scientific, and technical… Read More
By the end of April, key national economic indicators will be on their original 2019 schedule, as the Bureau of Economic Analysis’ timetable of releases continues to recover from disruptions earlier in the year.
The advance, or first, estimate of gross domestic product for the first quarter will be released April 26 at 8:30 a.m., in accordance with BEA’s original calendar. The second and… Read More
The U.S. net international investment position decreased to −$9,717.1 billion (preliminary) at the end of the fourth quarter of 2018 from −$9,634.8 billion (revised) at the end of the third quarter. The $82.4 billion decrease reflected net financial transactions of −$199.2 billion and net other changes in position, such as price and exchange-rate changes, of $116.8 billion.
The U.S. net international investment position decreased to −$9,717.1 billion (preliminary) at the end of 2018 from −$7,725.0 billion at the end of 2017. The $1,992.1 billion decrease reflected net financial transactions of −$519.6 billion and net other changes in position, such as price and exchange-rate changes, of −$1,472.6 billion.
Personal income increased 0.2 percent in February after decreasing 0.1 percent in January. Wages and salaries, the largest component of personal income, increased 0.3 percent in February, the same increase as in January.
