> U.S. Economy at a Glance: Perspective from the BEA Accounts
U.S. Economy at a Glance:Perspective from the BEA Accounts
BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts.
National Economic Accounts
Gross Domestic Product (GDP)
- 2nd quarter 2016: 1.4 percent
- 1st quarter 2016: 0.8 percent
October 28, 2016
Real gross domestic product increased at an annual rate of 1.4 percent in the second quarter of 2016 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 percent.
- July 2016: 0.4 percent (personal income)
- June 2016: 0.3 percent (personal income)
September 30, 2016
In July 2016, real disposable personal income increased 0.4 percent.
Industry Economic Accounts
Quarterly Industry Accounts: GDP by Industry
Construction; health care and social assistance; and retail trade were the leading contributors to the increase in U.S. economic growth in the first quarter of 2016. According to statistics on the breakout of gross domestic product (GDP) by industry released by the Bureau of Economic Analysis, 11 of 22 industry groups contributed to the overall 1.1 percent increase in real GDP in the first quarter.
International Economic Accounts
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 2nd quarter 2016: -$119.9 billion
- 1st quarter 2016: -$131.8 billion
December 15, 2016
The U.S. current-account deficit decreased $12.0 billion to $119.9 billion (preliminary) in the second quarter of 2016.
International Investment Position
Net International Investment Position at End of Period:
- End of 2nd quarter 2016: -$8,042.8 billion
- End of 1st quarter 2016: -$7,582.0 billion
December 29, 2016
The U.S. net international investment position at the end of the second quarter of 2016 was -$8,042.8 billion (preliminary), according to statistics released today by the Bureau of Economic Analysis. At the end of the first quarter, the net position was -$7,582.0 billion (revised).
International Trade in Goods and Services
- July 2016: -$39.5 billion
- June 2016: -$44.7 billion
October 5, 2016
Total July exports of $186.3 billion and imports of $225.8 billion resulted in a goods and services deficit of $39.5 billion.
New Foreign Direct Investment in the United States
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion. In 2015, as in 2014, the majority of the expenditures were to acquire existing businesses. In 2015, expenditures for acquisitions were $408.1 billion. Expenditures to establish new U.S. businesses were $11.2 billion, and expenditures to expand existing foreign-owned businesses were $1.4 billion. Planned total expenditures, which include both actual and planned future expenditures, totaled $439.2 billion.
Regional Economic Accounts
Gross Domestic Product (GDP) by State
December 7, 2016
Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the first quarter of 2016, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Real GDP by state growth, at an annual rate, ranged from 3.9 percent in Arkansas to -11.4 percent in North Dakota. Construction; health care and social assistance; and retail trade were the leading contributors to U.S. economic growth in the first quarter.
Gross Domestic Product (GDP) by Metropolitan Area
Real gross domestic product (GDP) increased in 292 metropolitan areas in 2015, led by growth in professional and business services; wholesale and retail trade; and finance, insurance, real estate, rental and leasing. Collectively, real GDP for U. S. metropolitan areas increased 2.5 percent in 2015 after increasing 2.3 percent in 2014.
State Personal Income (SPI)
December 20, 2016
State personal income growth accelerated to 1.0 percent on average in the second quarter of 2016 from 0.3 percent in the first quarter. Personal income grew in every state in the second-quarter with growth rates ranging from 0.4 percent in Alaska to 1.4 percent in Utah.
Local Area Personal Income
November 17, 2016
Local area data:
Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13. The percent change from 2013 to 2014 in personal income ranged from -35.1 percent in Wallace County, Kansas to 83.7 percent in McPherson County, Nebraska.
Local Area Data
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Real Personal Income for States and Metropolitan Areas
State and Metropolitan area data:
Real personal income across all regions rose by an average of 2.9 percent in 2014. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 4.4 percent in 2014. In 2014, the U.S. PCE price index grew 1.4 percent.
Personal Consumption Expenditures by State
Today, the U.S. Bureau of Economic Analysis released its first set of official statistics on personal consumption expenditures (PCE) by state for 1997-2014. Across all states, the growth in total PCE by state accelerated to 4.2 percent in 2014 from 3.1 percent in 2013. In 2014, growth in total PCE ranged from 2.1 percent in West Virginia to 7.4 percent in North Dakota, with more than 40 states growing faster than in 2013.