GDP and the Economy: Final Estimates for the First Quarter of 2007
Real GDP increased 0.7 percent after increasing 2.5 percent, reflecting an upturn in imports, a deceleration in exports, a downturn in Federal Government spending, and a deceleration in consumer spending for nondurable goods.
Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade for the First Quarter of 2007
These estimates, including estimates of inventories for manufacturing by stage of fabrication, have been updated.
The International Investment Position of the United States at Yearend 2006
The net international investment position was –$2,539.6 billion; in 2005, it was –$2,238.4 billion. The change was mainly due to especially strong net foreign purchases of U.S. securities.
Direct Investment Positions for 2006: Country and Industry Detail
The historical-cost position of both U.S. direct investment abroad and foreign direct investment abroad increased 12 percent. In 2005, U.S. direct investment abroad increased 1 percent, while foreign direct investment abroad increased 5 percent.
Annual Revision of the U.S. International Accounts for 1997–2006
Each year, these estimates of U.S. transactions and of the U.S. international investment position are revised to incorporate statistical and methodological changes. This year, the revision incorporated new estimates of transactions in financial derivatives.
How BEA Aligns and Augments Source Data From the U.S. Treasury Department for Inclusion in the International Transactions Accounts
Each year, these estimates of financial-account flows in the international transactions accounts, which are based on Treasury Department data, are adjusted to align the estimates with balance-of-payments concepts and to close gaps in coverage.
U.S. International Transactions: First Quarter of 2007
The U.S. current-account deficit increased $4.6 billion, reflecting an increase in net unilateral current transfers to foreigners and a small increase in the deficit on goods. In the financial account, net financial inflows decreased $24.2 billion to $202.8 billion.
Gross Domestic Product by State: Advance Estimates for 2006 and Revised Estimates for 2003–2005
Economic growth in the United States was widespread in 2006; inflation-adjusted gross domestic product grew in 49 states and the District of Columbia.
State Personal Income: First Quarter of 2007
Personal income for the Nation grew 2.2 percent after growing 1.4 percent. Personal income growth was higher than the national average in just five states. Growth in these states reflected strong finance industry activity.
Upcoming in the Survey...
Annual Revision of the National Income and Product Accounts. The annual NIPA revision will be published in the August Survey. This issue will include an article that describes the effects of the revision on GDP and the principal sources of the revision. An extensive set of tables will also be included.