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America's GDP falls 3.5pc in 2020, but rises 4.1pc in 4th quarter
来源：Shipping News Headlines 编辑：编辑部 发布：2021/03/01 10:01:18
AMERICAN GDP decreased 3.5 per cent in 2020, but increased 4.1 per cent in the fourth quarter, according to the US Commerce Department's Bureau of Economic Analysis.
Current dollar GDP increased 6.1 per cent at an annual rate, or US$317.6 billion, in the fourth quarter to a level of $21.49 trillion. In the third quarter, GDP increased 38.3 per cent, or $1.65 trillion, reported the American Journal of Transportation.
The increase reflected increases in exports, nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment, and private inventory investment that were partly offset by decreases in state and local government spending and federal government spending.
The increase in exports primarily reflected an increase in goods led by industrial supplies and materials. The increase in nonresidential fixed investment reflected increases in all components, led by equipment mainly transportation equipment.
The increase in personal consumption expenditures was more than accounted for by spending on services led by health care; spending on goods decreased led by food and beverages.
The price index for gross domestic purchases, as measured from the fourth quarter of 2019 to the fourth quarter of 2020, increased 1.3 per cent during 2020. That compared with an increase of 1.4 per cent during 2019.
The personal consumption expenditures price index increased 1.2 per cent, compared with an increase of 1.5 per cent. Excluding food and energy, the personal consumption expenditures price index increased 1.4 per cent, compared with an increase of 1.6 per cent.
Current dollar GDP increased 6.1 per cent at an annual rate, or US$317.6 billion, in the fourth quarter to a level of $21.49 trillion. In the third quarter, GDP increased 38.3 per cent, or $1.65 trillion, reported the American Journal of Transportation.
The increase reflected increases in exports, nonresidential fixed investment, personal consumption expenditures (PCE), residential fixed investment, and private inventory investment that were partly offset by decreases in state and local government spending and federal government spending.
The increase in exports primarily reflected an increase in goods led by industrial supplies and materials. The increase in nonresidential fixed investment reflected increases in all components, led by equipment mainly transportation equipment.
The increase in personal consumption expenditures was more than accounted for by spending on services led by health care; spending on goods decreased led by food and beverages.
The price index for gross domestic purchases, as measured from the fourth quarter of 2019 to the fourth quarter of 2020, increased 1.3 per cent during 2020. That compared with an increase of 1.4 per cent during 2019.
The personal consumption expenditures price index increased 1.2 per cent, compared with an increase of 1.5 per cent. Excluding food and energy, the personal consumption expenditures price index increased 1.4 per cent, compared with an increase of 1.6 per cent.