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 2013: 2.5 percent
- 4th quarter 2012: 0.4 percent
May 30, 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 2.5 percent in the first quarter of 2013 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 0.4 percent.
- March 2013: 0.2 percent (personal income)
- February 2013: 1.1 percent (personal income)
May 31, 2013
In March 2013, real disposable personal income increased 0.3 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:
- 4th quarter 2012: -$110.4 billion
- 3rd quarter 2012: -$112.4 billion
- Annual 2012: -$475.0 billion
- Annual 2011: -$465.9 billion
June 14, 2013
The U.S. current-account deficit decreased $2.0 billion to $110.4 billion (preliminary) in the fourth quarter of 2012. For the year 2012, the current- account deficit increased $9.1 billion to $475.0 billion (preliminary).
International Investment Position
Net International Investment Position at End of Quarter:
- 4th quarter 2012: -$4,416.2 billion
- 3rd quarter 2012: -$4,663.4 billion
June 25, 2013
Quarterly and annual data:
The U.S. net international investment position at the end of the fourth quarter and year 2012 was -$4,416.2 billion (preliminary), as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.
International Trade in Goods and Services
- March 2013: -$38.8 billion
- February 2013: -$43.6 billion
June 4, 2013
Total March exports of $184.3 billion and imports of $223.1 billion resulted in a goods and services deficit of $38.8 billion.
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Regional Economic Accounts:
Gross Domestic Product (GDP) by State
Real gross domestic product (GDP) increased in 43 states and the District of Columbia in 2011, according to new statistics released today by the U.S. Bureau of Economic Analysis (BEA) that breakdown GDP by state. Durable-goods manufacturing, professional, scientific, and technical services, and information services were the leading contributors to real U.S. economic growth. U.S. real GDP by state grew 1.5 percent in 2011 after a 3.1 percent increase in 2010.
Gross Domestic Product (GDP) by Metropolitan Area
Real GDP increased in 242 of the nation’s 366 metropolitan areas in 2011 led by growth in professional and business services, durable-goods manufacturing, and trade, according to new statistics released today by the U.S. Bureau of Economic Analysis. Real GDP in metropolitan areas increased 1.6 percent in 2011 after increasing 3.1 percent in 2010.
State Personal Income (SPI)
June 28, 2013
In the fourth quarter of 2012, average state personal income growth accelerated to 1.9 percent from 0.6 percent in the third quarter, the fastest pace since the first quarter of 2011.
Annual data: Average state personal income growth slowed to 3.5 percent in 2012 from 5.2 percent in 2011. State personal income growth ranged from -0.2 percent in South Dakota to 12.4 percent in North Dakota.
Local Area Personal Income
Metropolitan area data:
Personal income rose in 2011 in all of the nation's 366 metropolitan statistical areas (MSAs) for the first time since 2007. Personal income growth ranged from 14.8 percent in Odessa, Texas to 1.0 percent in Rochester, Minnesota.
County data: Personal income rose in 3,062 of the nation's 3,113 counties in 2011, with growth ranging from 62.2 percent in King County, Texas to -28.8 percent in Lynn County, Texas.