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)
- 3rd quarter 2014: 5.0 percent
- 2nd quarter 2014: 4.6 percent
January 30, 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 5.0 percent in the third quarter of 2014, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent.
- November 2014: 0.4 percent (personal income)
- October 2014: 0.3 percent (personal income)
February 2, 2015
In November 2014, real disposable personal income increased 0.5 percent.
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Industry Economic Accounts:
Quarterly Industry Accounts: GDP by Industry
Real gross domestic product (GDP) increased at an annual rate of 5.0 percent in the third quarter of 2014, reflecting positive contributions from 20 of 22 industry groups. The private goods- and services-producing industries, as well as the government sector, contributed to the increase. Finance and insurance; mining; and real estate and rental and leasing were the leading contributors to the increase.
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International Economic Accounts:
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 3nd quarter 2014: -$100.3 billion
- 2nd quarter 2014: -$98.4 billion
March 19, 2015
The U.S. current-account deficit increased $1.8 billion to $100.3 billion (preliminary) in the third quarter of 2014.
International Investment Position
Net International Investment Position at End of Period:
- End of 3rd quarter 2014: -$6,157.9 billion
- End of 2nd quarter 2014: -$5,475.4 billion
March 31, 2015
The U.S. net international investment position at the end of the third quarter of 2014 was -$6,157.9 billion (preliminary), as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the second quarter of 2014, the net position was -$5,475.4 billion (revised).
International Trade in Goods and Services
- November 2014: -$39.0 billion
- October 2014: -$42.2 billion
February 5, 2015
Total November exports of $196.4 billion and imports of $235.4 billion resulted in a goods and services deficit of $39.0 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)
March 25, 2015
State personal income growth averaged 1.0 percent in the third quarter of 2014, down from 1.2 percent in the second quarter. Growth in personal income slowed in 38 states and in the District of Columbia. The percent change across states ranged from 0.2 percent in South Dakota (the only state with a decline) to 1.4 percent in Texas.
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.