> 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)
- 4th quarter 2014: 2.2 percent
- 3rd quarter 2014: 5.0 percent
April 29, 2015
Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 2.2 percent in the fourth quarter of 2014, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 5.0 percent.
- February 2015: 0.4 percent (personal income)
- January 2015: 0.4 percent (personal income)
April 30, 2015
In February 2015, real disposable personal income increased 0.2 percent.
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Industry Economic Accounts:
Quarterly Industry Accounts: GDP by Industry
Nondurable goods manufacturing; professional, scientific, and technical services; and mining were the leading contributors to U.S. economic growth in the fourth quarter of 2014, according to statistics on the breakout of GDP by industry released today by the Bureau of Economic Analysis (BEA). Both the private goods- and services-producing sectors contributed to the increase, while the government sector decreased. Overall, 15 of 22 industry groups contributed to the 2.2 percent increase in real GDP.
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International Economic Accounts:
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 4th quarter 2014: -$113.5 billion
- 3rd quarter 2014: -$98.9 billion
- Annual 2014: -$410.6 billion
- Annual 2013: -$400.3 billion
June 18, 2015
The U.S. current-account deficit increased $14.5 billion to $113.5 billion (preliminary) in the fourth quarter of 2014. For the year 2014, the current- account deficit increased $10.4 billion to $410.6 billion (preliminary).
International Investment Position
Net International Investment Position at End of Period:
- End of 4th quarter 2014: -$6,915.3 billion
- End of 3rd quarter 2014: -$6,129.4 billion
- End of Year 2014: -$6,915.3 billion
- End of Year 2013: -$5,383.0 billion
June 30, 2015
The U.S. net international investment position at the end of the fourth quarter of 2014 was -$6,915.3 billion (preliminary), as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the third quarter of 2014, the net position was -$6,129.4 billion (revised). The $785.8 billion decrease in the net position reflected an $861.9 billion increase in the value of U.S. liabilities that exceeded a $76.1 billion increase in the value of U.S. assets.
International Trade in Goods and Services
- February 2015: -$35.4 billion
- January 2015: -$42.7 billion
May 5, 2015
Total February exports of $186.2 billion and imports of $221.7 billion resulted in a goods and services deficit of $35.4 billion.
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Regional Economic Accounts:
Gross Domestic Product (GDP) by State
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
Real GDP increased in 292 of the nation's 381 metropolitan areas in 2013, led by widespread growth in finance, insurance, real estate, rental, and leasing, nondurable-goods manufacturing, and professional and business services, according to new statistics released today by the U.S. Bureau of Economic Analysis. Natural resources and mining also spurred strong growth in several metropolitan areas. Collectively, real GDP for U.S. metropolitan areas increased 1.7 percent in 2013 after increasing 2.6 percent in 2012.
State Personal Income (SPI)
June 22, 2015
State personal income grew 1.0 percent on average in the fourth quarter of 2014, the same average growth rate as in the third quarter. Growth rates ranged from 0.6 percent in Louisiana to 1.5 percent in Texas.
Annual data: Average state personal income growth accelerated to 3.9 percent in 2014 from 2.0 percent in 2013. Growth of state personal income ranged from 0.5 percent in Nebraska to 5.7 percent in Alaska and Oregon, with 45 states growing faster in 2014 than in 2013.
Local Area Personal Income
July 1, 2015
Local area data:
Personal income grew in 2013 in 2,695 counties, fell in 390, and was unchanged in 28. The percent change from 2012 to 2013 in personal income ranged from ?35.0 percent in LaMoure County, North Dakota to 32.3 percent in Greeley County, Kansas.
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.
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