U.S. Economy at a Glance: Perspective from the BEA Accounts

Next release: April 26, 2013

Quarterly data: 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 0.4 percent in the fourth quarter of 2012 (that is, from the third quarter to the fourth quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.

Next release: April 29, 2013

Monthly data: In February 2013, real disposable personal income increased 0.7 percent.

Annual Data: Retail trade and durable goods manufacturing were the leading contributors to the deceleration in U.S. economic growth in 2011, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. Real GDP growth slowed in 2011, increasing 1.8 percent after increasing 2.4 percent in 2010. The revised statistics do not change the general picture of the economy: 12 of 22 industry groups contributed to the slowdown in real GDP.

Next release: June 14, 2013

Quarterly data: 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).

Next release: 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.

Next release: May 2, 2013

Monthly: Total February exports of $186.0 billion and imports of $228.9 billion resulted in a goods and services deficit of $43.0 billion.

Next release: June 2013

Annual Data: 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.

Annual data: 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.

Next release: June 28, 2013

Quarterly data: 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.

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.

Annual data: