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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)
Current Numbers:
  • 1st quarter 2014: -2.9 percent
  • 4th quarter 2013: 2.6 percent
Next release: July 30, 2014
Quarterly data: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 2.9 percent in the first quarter of 2014 according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2013, real GDP increased 2.6 percent.

Personal Income
Current Numbers:
  • May 2014: 0.4 percent (personal income)
  • April 2014: 0.3 percent (personal income)
Next release: August 1, 2014
Monthly data: In May 2014, real disposable personal income increased 0.2 percent.

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Industry Economic Accounts:

Quarterly Industry Accounts: GDP by Industry
Quarterly Data: Real gross domestic product (GDP) decreased at an annual rate of 2.9 percent in the first quarter of 2014 after increasing 2.6 percent in the fourth quarter of 2013. Both private services- and goods-producing industries contributed to the decrease, while the government sector increased slightly. Durable-goods manufacturing; wholesale trade; and agriculture, forestry, fishing, and hunting were the leading contributors to the decrease in GDP. Overall, 16 of 22 industry groups contributed to the 2.9 percent decrease in U.S. economic activity.
Real GDP and Real Value Added

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Real GDP and Contributions to Percent Change in Real GDP

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International Economic Accounts:

U.S. Balance of Payments (International Transactions)
Current Account Balance:
  • 1st quarter 2014: -$111.2 billion
  • 4th quarter 2013: -$87.3 billion
Next release: September 17, 2014
Quarterly and annual data: The U.S. current-account deficit increased $23.8 billion to $111.2 billion (preliminary) in the first quarter of 2014.
Quarterly Data
Quarterly Data Graph of U.S. Current-Account Transactions
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International Investment Position
Net International Investment Position at End of Period:
  • End of 1st quarter 2014: -$5,539.3 billion
  • End of 4th quarter 2013: -$5,383.0 billion
  • End of Year 2013: -$5,383.0 billion
  • End of Year 2012: -$4,578.2 billion
Next release: September 25, 2014
Quarterly and annual data: The U.S. net international investment position at the end of the first quarter of 2014 was -$5,539.3 billion (preliminary), as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2013, the net position was -$5,383.0 billion (revised).
Quarterly DataGraph of U.S. Net International Investment Position at End of Quarter
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Annual DataGraph of U.S. Net International Investment Position at End of Year
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International Trade in Goods and Services
Trade Balance:
  • May 2014: -$44.4 billion
  • April 2014: -$47.0 billion
Next release: August 6, 2014
Monthly: Total May exports of $195.5 billion and imports of $239.8 billion resulted in a goods and services deficit of $44.4 billion.
Monthly Data Monthly Graph of Balance on Goods and Services Trade
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Regional Economic Accounts:

Gross Domestic Product (GDP) by State
Next release: Summer 2015
Annual Data: Real gross domestic product (GDP) increased in 49 states in 2013, according to new statistics released today by the Bureau of Economic Analysis (BEA). Nondurable-goods manufacturing; real estate and rental and leasing; and agriculture, forestry, fishing, and hunting were the leading contributors to real U.S. economic growth. U.S. real GDP growth slowed to 1.8 percent in 2013 after a 2.5 percent increase in 2012.

Gross Domestic Product (GDP) by Metropolitan Area
Next release: September 16, 2014
Annual data: Real GDP increased in 305 of the nation's 381 metropolitan areas in 2012, led by growth in durable-goods manufacturing, trade, and financial activities, according to new statistics released today by the U.S. Bureau of Economic Analysis. Real GDP in metropolitan areas increased 2.5 percent in 2012 after increasing 1.7 percent in 2011. Today's release of GDP by metropolitan area represents a return to the previous release schedule, publishing 9 rather than 14 months after the end of the calendar year.

State Personal Income (SPI)
Next release: September 30, 2014
Quarterly data: State personal income increased 0.8 percent on average in the first quarter of 2014, an acceleration from the 0.5 percent growth in the fourth quarter of 2013. Personal income grew in 46 states and growth accelerated in 24 of those states. The fastest growth, 1.4 percent, was in Washington state, Vermont, and West Virginia. Personal income fell 2.9 percent in North Dakota, 0.3 percent in South Dakota, and 0.2 percent in Arkansas and Nebraska.
Annual data: Average state personal income growth slowed to 2.6 percent in 2013 from 4.2 percent in 2012.
Quarterly DataMap of Quarterly State Personal Income
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Annual DataMap of State Personal Income
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Local Area Personal Income
Next release: November 20, 2014
Metropolitan area data: Personal income growth slowed in 2012 in most of the nation's 381 metropolitan statistical areas (MSAs). Personal income growth ranged from 12.1 percent in Midland, Texas to -1.6 percent in Yuma, Arizona.

Metropolitan Area DataMap of Local Area Personal Income
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Real Personal Income for State and Metropolitan Areas
State and Metropolitan area data: Real personal income across all regions rose by an average of 2.3% in 2012. Growth in real state personal income ranged from a decline of 1.2% in South Dakota to an increase of 15.1% in North Dakota. Growth in real metropolitan area personal income ranged from a decline of 3.8% in Kennewick-Richland, WA to an increase of 10.2% in Odessa, TX.

State and Metropolitan Area DataMap of State and Metropolitan Area Data
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