Bureau of Economic Analysis

March 30, 2023

Gross Domestic Product, Fourth Quarter and Year 2022 (Third Estimate), GDP by Industry, and Corporate Profits

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.

Profits decreased 2.0 percent in the fourth quarter after decreasing less than 0.1 percent in the third quarter.

Private goods-producing industries increased 4.0 percent, private services-producing industries increased 2.3 percent, and government increased 2.1 percent. Overall, 17 of 22 industry groups contributed to the fourth-quarter increase in real GDP.

Current Release

Principal Federal Economic Indicators

View
Gross Domestic Product
Q4 2022 (3rd)
+2.6%
View
Personal Income
January 2023
+0.6%
View
International Trade in Goods and Services
January 2023
-$68.3 B
View
International Transactions
Q4 2022
-$206.8 B
Explore Data by Topic
U.S. Economy at a Glance
View Current Releases

Noteworthy

Information For

Survey Respondents

Journalists

Congressional Users

Developers

The BEA Wire | BEA's Official Blog

Gross Domestic Product (Third Estimate), Corporate Profits, and GDP by Industry, Fourth Quarter and Year 2022

March 30, 2023

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.

Read More 

U.S. International Investment Position, Year 2022

March 29, 2023

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.12 trillion at the end of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of 2021, the net investment position was –$18.12 trillion.

Read More 

U.S. International Investment Position, 4th Quarter 2022

March 29, 2023

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.12 trillion at the end of the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of the third quarter, the net investment position was –$16.84 trillion (revised).

Read More 

U.S. Current-Account Deficit Widens in 2022

March 23, 2023

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 $97.4 billion, or 11.5 percent, to $943.8 billion in 2022. The widening primarily reflected expanded deficits on goods and on secondary income that were partly offset by an expanded surplus on primary income. The 2022 deficit was 3.7 percent of current-dollar…

Read More 

U.S. Current-Account Deficit Narrows in 4th Quarter 2022

March 23, 2023

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 $12.2 billion, or 5.6 percent, to $206.8 billion in the fourth quarter of 2022. The narrowing primarily reflected a reduced deficit on secondary income. Also contributing was an expanded surplus on services. The fourth-quarter deficit was 3.2 percent of…

Read More 
More from the BEA Wire...

@BEA_News on Twitter