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, Third Quarter 2018 (Second Estimate); Corporate Profits, Third Quarter 2018 (Preliminary Estimate)

3rd quarter 2018:
3.5 percent
2nd quarter 2018:
4.2 percent

Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “advance” estimate released in October. In the second quarter, real GDP increased 4.2 percent.

Current Release
  • Current Release: November 28, 2018
  • Next Release: December 21, 2018

Personal Income and Outlays, October 2018

October 2018:
0.5 percent (personal income)
September 2018:
0.2 percent (personal income)

Personal income increased $84.9 billion (0.5 percent) in October according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $81.7 billion (0.5 percent) and personal consumption expenditures (PCE) increased $86.9 billion (0.6 percent).

Current Release
  • Current Release: November 29, 2018
  • Next Release: December 21, 2018

Industry Economic Accounts

Gross Domestic Product by Industry, 2nd quarter 2018 and comprehensive update

Information; real estate and rental and leasing; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2018. Overall, 16 of 22 industry groups contributed to the 4.2 percent increase in real GDP in the second quarter.

Current Release
  • Current Release: November 1, 2018
  • Next Release: January 24, 2019

International Economic Accounts

U.S. International Transactions: Second Quarter 2018

2nd quarter 2018:
-$101.5 billion
1st quarter 2018:
-$121.7 billion

The U.S. current-account deficit decreased $20.2 billion to $101.5 billion (preliminary) in the second quarter of 2018.

Current Release
  • Current Release: September 19, 2018
  • Next Release: December 19, 2018

U.S. Net International Investment Position: Second Quarter 2018

End of 2nd quarter 2018:
-$8,638.5 billion
End of 1st quarter 2018:
-$7,747.3 billion

The U.S. net international investment position decreased to -$8,638.5 billion (preliminary) at the end of the second quarter of 2018 from -$7,747.3 billion (revised) at the end of the first quarter, according to statistics released by the Bureau of Economic Analysis (BEA).

Current Release
  • Current Release: September 26, 2018
  • Next release: December 27, 2018

U.S. International Trade in Goods and Services, October 2018

October 2018:
-$55.5 billion
September 2018:
-$54.6 billion

The U.S. monthly international trade deficit increased in October 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.6 billion in September (revised) to $55.5 billion in October, as exports decreased and imports increased. The previously published September deficit was $54.0 billion. The goods deficit increased $0.9 billion in October to $78.1 billion. The services surplus decreased $0.1 billion in October to $22.6 billion.

Current Release
  • Current Release: December 6, 2018
  • Next release: January 8, 2019

New Foreign Direct Investment in the United States: 2017

New Investment by Foreign Direct Investors:
$259.6 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $259.6 billion (preliminary) in 2017. Expenditures were down 32 percent from $379.7 billion (revised) in 2016 and were below the annual average of $359.9 billion for 2014-2016. As in previous years, acquisitions of existing businesses accounted for a large majority of total expenditures.

Current Release
  • Current release: July 11, 2018
  • Next release: July 2019

Regional Economic Accounts

Gross Domestic Product by State, 2nd quarter 2018

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from 6.0 percent in Texas to 2.5 percent in Delaware.

Current Release
  • Current Release: November 14, 2018
  • Next Release: January 29, 2019

Gross Domestic Product by Metropolitan Area, 2017

Real gross domestic product (GDP) increased in 312 out of 383 metropolitan areas in 2017. The percent change in real GDP by metropolitan area ranged from 12.1 percent in Odessa, TX to -7.8 percent in Enid, OK.

Current Release
  • Current Release: September 18, 2018
  • Next Release: December, 2019

State Quarterly Personal Income, 2nd quarter 2018

State personal income increased 4.2 percent, at an annual rate, in the second quarter of 2018, a deceleration from the 5.0 percent increase in the first quarter. The percent change in personal income across all states ranged from 6.0 percent in Texas to 1.6 percent in Washington.

Current Release

Next release: December 20, 2018

Local Area Personal Income, 2017

Personal income increased in 2,787 counties, decreased in 318, and was unchanged in 8 in 2017. Personal income increased 4.5 percent in the metropolitan portion of the United States and increased 3.2 percent in the nonmetropolitan portion in 2017. The change in personal income ranged from -41.4 percent in Slope County, North Dakota to 23.7 percent in Crosby County, Texas in 2017.

Current Release
  • Current Release: November 15, 2018
  • Next Release: May 16, 2019

Real Personal Income for States and Metropolitan Areas, 2016

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.

Current Release

BEA updated real personal income for states on September 25, 2018 with the release of state personal income. Real personal income for metropolitan areas will be updated on November 15, 2018 with the release of local area personal income.

  • Current Release: May 2018
    • State Update: September 2018
    • Local Area Update: November 2018
  • Next release: May 2019

Personal Consumption Expenditures by State, 2017

Average State PCE Growth (2017)
4.3%

State personal consumption expenditures (PCE) increased on average 4.3 percent in 2017, an acceleration from the 3.8 percent increase in 2016. The percent change in PCE across all states ranged from 6.9 percent in Idaho to 2.0 percent in North Dakota.

Current Release
  • Current Release: October 4, 2018
  • Next release: October 3, 2019