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U.S. Net International Investment Position Second Quarter 2016

The U.S. net international investment position decreased to −$8,042.8 billion (preliminary) at the end of the second quarter of 2016 from −$7,582.0 billion (revised) at the end of the first quarter.

international-investment-sept-27

  • The net investment position decreased $460.8 billion or 6.1 percent in the second quarter, compared with a decrease of 4.1 percent in the first quarter, and an average quarterly decrease of 6.1 percent from the first quarter of 2011 through the fourth quarter of 2015.
  • U.S. assets increased $404.1 billion. Financial derivatives increased $241.4 billion, and assets excluding financial derivatives increased $162.7 billion. The increase in assets excluding financial derivatives reflected increases resulting from financial transactions that were partly offset by depreciation of major foreign currencies against the U.S. dollar that lowered the value of U.S. assets in dollar terms.
  • U.S. liabilities increased $864.9 billion. Liabilities excluding financial derivatives increased $642.6 billion, and financial derivatives increased $222.3 billion. The increase in liabilities excluding financial derivatives reflected increases resulting from financial transactions and increases in U.S. bond and equity prices that raised the value of liabilities.

For more information, read the full report.

Guam’s Economy Grows in 2015

The Bureau of Economic Analysis released estimates of gross domestic product for Guam for 2015, in addition to estimates of GDP by industry and compensation by industry for 2014.

These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.

Revised estimates of Guam’s GDP for 2013 and 2014, as well as revised estimates of GDP by industry and compensation by industry for 2013, are presented in this release.

The estimates of GDP for Guam show that real GDP (adjusted to remove price changes) increased 0.4 percent in 2015, after increasing 1.3 percent in 2014. For comparison, real GDP for the United States (excluding the territories) increased 2.6 percent in 2015, after increasing 2.4 percent in 2014.

guam-sept-21

For more information, read the full report.

Professional and Business Services Led Metro Area Growth

gdp_metro0916

• Professional and business services contributed more than one percentage point to growth in 25 metropolitan areas, most notably in San Jose-Sunnyvale-Santa Clara, CA (2.75 percentage points), the second fastest growing metropolitan area in the nation (8.9 percent).

• Trade contributed more than one percentage point to growth in 20 metropolitan areas, most notably in Hickory-Lenoir-Morganton, NC (1.44 percentage points).

• Finance, insurance, real estate, rental, and leasing contributed more than one percentage point to growth in 48 metropolitan areas. This industry also had strong contributions to growth in three metropolitan areas in Florida where total growth was greater than four percent: Sebastian-Vero Beach, FL (3.22 percentage points); Naples-Immokalee-Marco Island, FL (2.91 percentage points); and Punta Gorda, FL (2.39 percentage points).

• Natural resources and mining led to notable growth in total real GDP for Midland, TX (9.4 percent) and Visalia-Porterville, CA (7.6 percent), the fastest and fourth fastest growing metropolitan areas, respectively. Nondurable-goods manufacturing led to growth in Lake Charles, LA (8.3 percent)—the third fastest growing metropolitan area.

For more information, read the full report.


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