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)
- 3nd quarter 2013: 3.6 percent
- 2nd quarter 2013: 2.5 percent
December 20, 2013
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.6 percent in the third quarter of 2013 (that is, from the second quarter to the third quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.5 percent.
- October 2013: -0.1 percent (personal income)
- September 2013: 0.5 percent (personal income)
December 23, 2013
In October 2013, real disposable personal income decreased 0.2 percent.
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Industry Economic Accounts:
Annual Industry Accounts: GDP by Industry
Durable-goods manufacturing, finance and insurance, and wholesale trade were the leading contributors to U.S. economic growth in 2012, according to advance statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. Overall, 19 of 22 industry groups contributed to the 2.2 percent increase in real GDP.
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International Economic Accounts:
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 2nd quarter 2013: -$98.9 billion
- 1st quarter 2013: -$104.9 billion
December 17, 2013
The U.S. current-account deficit decreased $6.0 billion to $98.9 billion (preliminary) in the second quarter of 2013.
International Investment Position
Net International Investment Position at End of Quarter:
- 2nd quarter 2013: -$4,504.1 billion
- 1st quarter 2013: -$4,236.6 billion
December 30, 2013
The U.S. net international investment position at the end of the second quarter of 2013 was -$4,504.1 billion (preliminary), as the value of foreign investments in the United States exceeded the value of U.S. investments abroad. The U.S. net international investment position at the end of the first quarter was -$4,236.6 billion (revised).
International Trade in Goods and Services
- October 2013: -$40.6 billion
- September 2013: -$43.0 billion
January 7, 2014
Total October exports of $192.7 billion and imports of $233.3 billion resulted in a goods and services deficit of $40.6 billion.
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Regional Economic Accounts:
Gross Domestic Product (GDP) by State
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in 2012, according to new statistics released today by the U.S. Bureau of Economic Analysis (BEA) that breakdown GDP by state. Durable-goods manufacturing, finance and insurance, and wholesale trade were the leading contributors to real U.S. economic growth. U.S. real GDP by state grew 2.5 percent in 2012 after a 1.6 percent increase in 2011.
Gross Domestic Product (GDP) by Metropolitan Area
Real GDP increased in 305 of the nation's 381 metropolitan areas in 2012, led by growth in durable-goods manufacturing, trade, and financial activities, according to new statistics released today by the U.S. Bureau of Economic Analysis. Real GDP in metropolitan areas increased 2.5 percent in 2012 after increasing 1.7 percent in 2011. Today's release of GDP by metropolitan area represents a return to the previous release schedule, publishing 9 rather than 14 months after the end of the calendar year.
State Personal Income (SPI)
December 19, 2013
State personal incomes grew 1.0 percent on average in the second quarter of 2013 after falling 1.3 percent in the first quarter.
Local Area Personal Income
Metropolitan area data:
Personal income growth slowed in 2012 in most of the nationís 381 metropolitan statistical areas (MSAs). Personal income growth ranged from 12.1 percent in Midland, Texas to -1.6 percent in Yuma, Arizona.