Per the most recent release by the Bureau of Economic Analysis, the U.S. Account deficit increased $16.5 billion to $124.2 Billion in the 4th Quarter of 2011.
The Bureau defines the U.S. Account deficit as the combined balances on trades in goods and services, income and net unilateral current transfers. As a percentage of U.S. Gross Domestic Product, (GDP), the deficit increased to 3.2% from 2.8%. The deficit on international trades in goods increased to $186.3 billion from $180.9 billion, as goods imports increased, while goods exports decreased.
The surplus on international trade in services decreased to $45.3 billion from $46.2 billion, as services receipts decreased, while services payments increased. The surplus on income decreased to $50.3 billion from $60.6 billion, as income receipts decreased, while income payments increased.
Small Business Loan Resources:
SBA Community Blog and Forum – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.
International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.
More Small Business Loan resources:
Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health
U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.
U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.
E-Network for CEOs – Online articles and much more for CEO’s
Public Radio Planet Money – All issues money related to the public.
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