The U.S. international trade deficit in goods and services in November 2009 increased 9.7% to $36.4 billion. Exports rose 0.9% to $138.2 billion, and imports increased 2.6% to $174.6 billion.
The U.S. current-account deficit increased to $123.3 billion, or 3.4% of GDP, in the second quarter of 2010, up from $109.2 billion (3.0% of GDP) in the first quarter of 2010.
The Bureau of Economic Analysis (BEA) reports to the Under Secretary for Economic Affairs. BEA produces some of the most closely watched economic statistics that influence the decisions made by government officials, business people, households, and individuals. For more information about BEA go to the web site: http://www.bea.gov/
Real gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of 2010, following an increase of 3.7% in the first quarter of 2010.
The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the second quarter of 2010. Growth in real GDP was lowered to 1.6 percent at an annual rate from the advance estimate of 2.4 percent. Most private-sector analysts had expected a revision to 1.4 percent in the second quarter. The downward revision reflected a wider trade deficit and lower inventories than were originally reported.
