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BUREAU OF ECONOMIC ANALYSIS

March 30, 2022


GROSS DOMESTIC PRODUCT (THIRD ESTIMATE), CORPORATE PROFITS, AND GDP BY INDUSTRY,
FOURTH QUARTER AND YEAR 2021

Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in
the fourth quarter of 2021, following an increase of 2.3 percent in the third
quarter. The increase was revised down 0.1 percentage point from the "second"
estimate released in February. The acceleration in the fourth quarter was led by
an acceleration in inventory investment, upturns in exports and residential
fixed investment and an acceleration in consumer spending. In the fourth
quarter, COVID-19 cases resulted in continued restrictions and disruptions in
the operations of establishments in some parts of the country. Government
assistance payments in the form of forgivable loans to businesses, grants to
state and local governments, and social benefits to households all decreased as
provisions of several federal programs expired or tapered off.

Current Release

REAL GDP: PERCENT CHANGE FROM PRECEDING QUARTER Q4 '21 3RD HP





PRINCIPAL FEDERAL ECONOMIC INDICATORS

View
Gross Domestic Product
Q4 2021 (3rd)
+6.9%
View
Personal Income
January 2022
+0.0%
View
International Trade in Goods and Services
January 2022
-$89.7B
View
International Transactions
Q4 2021
-$217.9B
Explore Data by Topic
U.S. Economy at a Glance
View Current Releases


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THE BEA WIRE | BEA'S OFFICIAL BLOG


GROSS DOMESTIC PRODUCT (THIRD ESTIMATE), CORPORATE PROFITS, AND GDP BY INDUSTRY,
FOURTH QUARTER AND YEAR 2021

March 30, 2022



Real gross domestic product (GDP) increased at an annual rate of 6.9 percent in
the fourth quarter of 2021, following an increase of 2.3 percent in the third
quarter. The increase was revised down 0.1 percentage point from the “second”
estimate released in February. The acceleration in the fourth quarter was led by
an acceleration in inventory investment, upturns in exports and residential
fixed investment and an acceleration in consumer…

Read More 


U.S. INTERNATIONAL INVESTMENT POSITION, YEAR 2021

March 29, 2022



The U.S. net international investment position, the difference between U.S.
residents’ foreign financial assets and liabilities, was –$18.10 trillion at the
end of 2021, according to statistics released today by the U.S. Bureau of
Economic Analysis (BEA). Assets totaled $35.21 trillion, and liabilities were
$53.31 trillion. At the end of 2020, the net investment position was –$14.01
trillion.



Read More 


U.S. INTERNATIONAL INVESTMENT POSITION, FOURTH QUARTER 2021

March 29, 2022



The U.S. net international investment position, the difference between U.S.
residents’ foreign financial assets and liabilities, was –$18.10 trillion at the
end of the fourth quarter of 2021, according to statistics released today by the
U.S. Bureau of Economic Analysis (BEA). Assets totaled $35.21 trillion, and
liabilities were $53.31 trillion. At the end of the third quarter, the net
investment position was –$16.35 trillion.



Read More 


U.S. CURRENT-ACCOUNT DEFICIT WIDENS IN 2021

March 24, 2022



The U.S. current-account deficit, which reflects the combined balances on trade
in goods and services and income flows between U.S. residents and residents of
other countries, widened by $205.5 billion, or 33.4 percent, to $821.6 billion
in 2021. The widening mostly reflected an expanded deficit on goods. The 2021
deficit was 3.6 percent of current-dollar gross domestic product, up from 2.9
percent in 2020.



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U.S. CURRENT-ACCOUNT DEFICIT NARROWS IN FOURTH QUARTER 2021

March 24, 2022



The U.S. current-account deficit, which reflects the combined balances on trade
in goods and services and income flows between U.S. residents and residents of
other countries, narrowed by $2.0 billion, or 0.9 percent, to $217.9 billion in
the fourth quarter of 2021. The narrowing reflected a reduced deficit on
secondary income and expanded surpluses on services and on primary income that
were mostly offset by an expanded deficit on goods. The…

Read More 
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