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, 2nd quarter 2018 (third estimate); Corporate Profits, 2nd quarter 2018 (revised estimate)

2nd quarter 2018:
4.2 percent
1st quarter 2018:
2.2 percent

Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.

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

Personal Income and Outlays, August 2018

August 2018:
0.3 percent
July 2018:
0.3 percent

Personal income increased 0.3 percent in August, the same increase as in July. Wages and salaries, the largest component of personal income, increased 0.5 percent in August after increasing 0.3 percent in July.

Current Release
  • Current release: September 28, 2018
  • Next release: October 29, 2018
 

Industry Economic Accounts

Gross Domestic Product by Industry, 1st quarter 2018

Real estate and rental and leasing; information; and nondurable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2018. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 14 of 22 industry groups contributed to the overall 2.0 percent increase in real GDP in the first quarter.

Current Release
  • Current Release: July 20, 2018
  • Next Release: November 1, 2018

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, August 2018

August 2018:
-$53.2 billion
July 2018:
-$50.0 billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $53.2 billion in August, up $3.2 billion from $50.0 billion in July, revised. August exports were $209.4 billion, $1.7 billion less than July exports. August imports were $262.7 billion, $1.5 billion more than July imports.

Current Release
  • Current Release: October 5, 2018
  • Next release: November 2, 2018

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, 1st quarter 2018

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the first quarter ranged from 3.6 percent in Washington to -0.6 percent in North Dakota.

Current Release
  • Current Release: July 24, 2018
  • Next Release: November 14, 2018

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, 2016

Personal income grew in 2016 in 2,285 counties, fell in 795, and was unchanged in 33, according to estimates released today by the U.S. Bureau of Economic Analysis. 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.

Current Release
  • Current Release: November 16, 2017
  • Next Release: November 15, 2018

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