GDP

Trade Deficit for May 2012 - $48.7 Billion

The U.S. May 2012 monthly trade deficit declined $1.91 billion to $48.68 billion. This is a 3.78% monthly decrease in the trade deficit, all due to reduced imports. Exports decreased $359 million, or -0.20%. Imports declined $1.55 billion, which is a -0.67% decrease from April. The decline in oil prices is the reason the trade deficit shrank for the month.

 

Trade Deficit for March 2012 - $51.8 Billion, Little Effect on Q1 GDP Revision

The U.S. March 2012 trade deficit jumped $6.41 billion to $51.83 billion in a month. This is a 14.1% monthly increase in the trade deficit. Exports increased $5.28 billion, a 2.9% increase from last month. Imports increased $11.69 billion, which is a 5.15% increase from February.

 

Q1 2012 GDP 2.2%

Q1 2012 real GDP showed 2.2% annualized growth.. This article overviews and graphs the BEA statistical release for first quarter gross domestic product.

 

 

Q1 GDP saw much less of an increase in private inventories build up, part of investment, an increase in personal consumption and a not to be believed increase in exports.

As a reminder, GDP is made up of: Y=C+I+G+{\left(X-M\right)} where Y=GDP, C=Consumption, I=Investment, G=Government Spending, (X-M)=Net Exports, X=Exports, M=Imports*.

The below table shows the percentage point breakdown of individual GDP components contribution to overall GDP. The difference, or spread, between Q4 and Q1 components is by percentage points.

 

Comparison of Q4 2011 and Q1 2012 GDP Components

Component

Q4 2011

Q1 2012

Spread
GDP +2.96 +2.20 -0.76
C +1.47 +2.04 +0.57
I +2.59 +0.77 -1.82
G –0.84 –0.60 +0.24
X +0.37 +0.73 +0.36
M –0.63 –0.74 -0.11

2011 Annual Trade Deficit is 3.7% of U.S. GDP, China Goods 2% of U.S. GDP

The annual trade data out of the December trade report has some shocking results.  The 2011 trade deficit increased 11.6% from 2010.  As a percentage of GDP the trade deficit is returning to pre-recession levels.  The trade deficit is now 3.7% of U.S. GDP, up from 3.4% in 2010.  The worst was 2006, when the soaring out of balance, trade deficit was 5.6% of GDP. Below is a graph of the U.S. trade deficit as a percentage of U.S. annual nominal GDP.

 

trade deficit as gdp

 

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