An official website of the United States government
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.
|
Q1 2024 (3rd)
|
+1.4%
|
|
Q4 2023
|
+3.4%
|
Real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the first quarter of 2024, according to the "third" estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent. The increase in the first quarter primarily reflected increases in consumer spending, housing investment, business investment, and state and local government that were partly offset by a decrease in inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.
|
May 2024
|
+0.5%
|
|
April 2024
|
+0.3%
|
Personal income increased $114.1 billion (0.5 percent at a monthly rate) in May. Disposable personal income (DPI)—personal income less personal current taxes—increased $94.0 billion (0.5 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $56.4 billion (0.3 percent) and consumer spending increased $47.8 billion (0.2 percent). Personal saving was $806.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent in May.
|
Q1 2024
|
-$237.6 B
|
|
Q4 2023
|
-$221.8 B
|
The U.S. current-account deficit widened by $15.9 billion, or 7.2 percent, to $237.6 billion in the first quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $221.8 billion. The first-quarter deficit was 3.4 percent of current-dollar gross domestic product, up from 3.2 percent in the fourth quarter.
|
End of 1st quarter 2024
|
-$21.28 trillion
|
|
End of 4th quarter 2023
|
-$19.85 trillion
|
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$21.28 trillion at the end of the first quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $35.78 trillion, and liabilities were $57.06 trillion. At the end of the fourth quarter of 2023, the net investment position was -$19.85 trillion (revised).
|
April 2024
|
-$74.6 B
|
|
March 2024
|
-$68.6 B
|
The U.S. goods and services trade deficit increased in April 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $68.6 billion in March (revised) to $74.6 billion in April, as imports increased more than exports. The goods deficit increased $5.9 billion in April to $99.2 billion. The services surplus decreased $0.1 billion in April to $24.7 billion.
|
New Investment by Foreign Direct Investors:
|
$177.5 billion (preliminary)
|
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5 billion in 2022, down $185.1 billion from $362.6 billion in 2021.
Real gross domestic product (GDP) increased in 39 states and the District of Columbia in the first quarter of 2024, with the percent change ranging from 5.0 percent at an annual rate in Idaho to –4.2 percent in South Dakota.
In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.
|
US PCE growth
|
+9.2%
|
Nationally, personal consumption expenditures (PCE), in current dollars, increased 9.2 percent in 2022 after increasing 12.9 percent in 2021. PCE increased in all 50 states and the District of Columbia, with the percent change ranging from 11.8 percent in Idaho to 6.4 percent in Louisiana.
