> 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)
- 1st quarter 2018: 2.3 percent
- 4th quarter 2017: 2.9 percent
May 30, 2018
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the first quarter of 2018, according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.9 percent.
- March 2018: 0.3 percent (personal income)
- February 2018: 0.3 percent (personal income)
May 31, 2018
In March 2018, real disposable personal income increased 0.2 percent.
Industry Economic Accounts
Quarterly Industry Accounts: GDP by Industry
Next release: July 20, 2018
Durable goods manufacturing; construction; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2017. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 16 of 22 industry groups contributed to the overall 2.9 percent increase in real GDP in the fourth quarter.
International Economic Accounts
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 4th quarter 2017: -$128.2 billion
- 3rd quarter 2017: -$101.5 billion
- Annual 2017: -$466.2 billion
- Annual 2016: -$451.7 billion
June 20, 2018
The U.S. current-account deficit increased $26.7 billion to $128.2 billion (preliminary) in the fourth quarter of 2017. For the year 2017, the current- account deficit increased $14.6 billion to $466.2 billion (preliminary).
International Investment Position
Net International Investment Position at End of Period:
- End of 4th quarter 2017: -$7,845.8 billion
- End of 3rd quarter 2017: -$7,739.7 billion
- End of Year 2017: -$7,845.8 billion
- End of Year 2016: -$8,318.4 billion
June 27, 2018
The U.S. net international investment position decreased to -$7,845.8 billion (preliminary) at the end of the fourth quarter of 2017 from -$7,739.7 billion (revised) at the end of the third quarter, according to statistics released by the Bureau of Economic Analysis (BEA).
International Trade in Goods and Services
- March 2018: -$49.0 billion
- February 2018: -$57.7 billion
June 6, 2018
Total March exports of $208.5 billion and imports of $257.5 billion resulted in a goods and services deficit of $49.0 billion.
New Foreign Direct Investment in the United States
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $373.4 billion in 2016. Spending was down 15 percent from $439.6 billion in 2015, but was above the annual average of $350.0 billion for 2014-2015, and was well above the annual average of $226.0 billion for 2006-2008. As in previous years, expenditures to acquire existing businesses accounted for a large majority of the total.
Regional Economic Accounts
Gross Domestic Product (GDP) by State
July 24, 2018
Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2017. The percent change in real GDP ranged from 5.2 percent in Texas to -1.3 percent in North Dakota.
Gross Domestic Product (GDP) by Metropolitan Area
Real gross domestic product (GDP) increased in 267 out of 382 metropolitan areas in 2016. Real GDP by metropolitan area growth ranged from 8.1 percent in Lake Charles, LA and Bend-Redmond, OR to –13.3 percent in Odessa, TX. Real GDP for U.S. metropolitan areas grew 1.7 percent in 2016, led by growth in professional and business services; information services; and finance, insurance, real estate, rental, and leasing.
State Personal Income (SPI)
June 21, 2018
Annual data: State personal income increased 3.1 percent on average in 2017, after increasing 2.3 percent in 2016. In 2017, personal income increased in all states and the District of Columbia except one, North Dakota. The percent change in personal income across all states ranged from 4.8 percent in Washington to -0.3 percent in North Dakota.
Local Area Personal Income
May 17, 2018
Local area data:
Personal income grew in 2016 in 2,285 counties, fell in 795, and was unchanged in 33. On average, personal income rose 2.5 percent in 2016 in the metropolitan portion of the United States and rose 1.0 percent in the nonmetropolitan portion. Personal income growth in 2016 ranged from -40.8 percent in Kenedy County, Texas to 27.1 percent in Tillman County, Oklahoma.
Local Area Data
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Real Personal Income for States and Metropolitan Areas
State and Metropolitan Area Data:
Real state personal income grew on average 1.1 percent in 2016, after increasing 4.7 percent in 2015. The percent change in real state personal income ranged from 3.3 percent in Utah and Georgia to -3.6 percent in Wyoming. In the District of Columbia, real personal income grew 4.5 percent. Across metropolitan areas, the percent change ranged from 6.6 percent in Jacksonville, NC to -8.1 percent in Midland, TX and Odessa, TX.
Personal Consumption Expenditures by State
State personal consumption expenditures (PCE) grew on average 4.0 percent in 2016, the same rate as in 2015. In 2016, PCE growth ranged from 0.2 percent in North Dakota to 6.2 percent in Utah.