> U.S. Economy at a Glance: Perspective from the BEA Accounts
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 2016: 1.1 percent
- 4th quarter 2015: 1.4 percent
July 29, 2016
Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 1.1 percent in the first quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2015, real GDP increased 1.4 percent.
- May 2016: 0.2 percent (personal income)
- April 2016: 0.5 percent (personal income)
August 2, 2016
In May 2016, real disposable personal income increased 0.1 percent.
Industry Economic Accounts
Quarterly Industry Accounts: GDP by Industry
Construction; health care and social assistance; and retail trade were the leading contributors to the increase in U.S. economic growth in the first quarter of 2016. According to statistics on the breakout of gross domestic product (GDP) by industry released by the Bureau of Economic Analysis, 11 of 22 industry groups contributed to the overall 1.1 percent increase in real GDP in the first quarter.
International Economic Accounts
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 1st quarter 2016: -$124.7 billion
- 4th quarter 2015: -$113.4 billion
September 15, 2016
The U.S. current-account deficit increased $11.3 billion to $124.7 billion (preliminary) in the first quarter of 2016.
International Investment Position
Net International Investment Position at End of Period:
- End of 1st quarter 2016: -$7,525.6 billion
- End of 4th quarter 2015: -$7,280.6 billion
- End of Year 2015: -$7,280.6 billion
- End of Year 2014: -$7,046.1 billion
September 27, 2016
Quarterly and annual data:
The U.S. net international investment position at the end of the first quarter of 2016 was -$7,525.6 billion (preliminary), as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2015, the net position was -$7,280.6 billion (revised).
International Trade in Goods and Services
- May 2016: -$41.1 billion
- April 2016: -$37.4 billion
August 5, 2016
Total May exports of $182.4 billion and imports of $223.5 billion resulted in a goods and services deficit of $41.1 billion.
New Foreign Direct Investment in the United States
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion. In 2015, as in 2014, the majority of the expenditures were to acquire existing businesses. In 2015, expenditures for acquisitions were $408.1 billion. Expenditures to establish new U.S. businesses were $11.2 billion, and expenditures to expand existing foreign-owned businesses were $1.4 billion. Planned total expenditures, which include both actual and planned future expenditures, totaled $439.2 billion.
Regional Economic Accounts
Gross Domestic Product (GDP) by State
December 7, 2016
Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the first quarter of 2016, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Real GDP by state growth, at an annual rate, ranged from 3.9 percent in Arkansas to -11.4 percent in North Dakota. Construction; health care and social assistance; and retail trade were the leading contributors to U.S. economic growth in the first quarter.
Gross Domestic Product (GDP) by Metropolitan Area
Real GDP increased in 282 of the nation's 381 metropolitan areas in 2014, led by growth in several industry groups: professional and business services, wholesale and retail trade, and the group of finance, insurance, real estate, rental, and leasing. Natural resources and mining remained a strong contributor to growth in several metropolitan areas. Collectively, real GDP for U. S. metropolitan areas increased 2.3 percent in 2014 after increasing 1.9 percent in 2013.
State Personal Income (SPI)
September 28, 2016
State personal income grew 1.0 percent on average in the first quarter of 2016, the same pace as in the fourth quarter of 2015. Personal income grew in every state except Wyoming and North Dakota with first-quarter personal income growth rates ranging from -1.3 percent in North Dakota to 1.5 percent in Washington.
Local Area Personal Income
November 17, 2016
Local area data:
Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13. The percent change from 2013 to 2014 in personal income ranged from -35.1 percent in Wallace County, Kansas to 83.7 percent in McPherson County, Nebraska.
Local Area Data
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Real Personal Income for States and Metropolitan Areas
State and Metropolitan area data:
Real personal income across all regions rose by an average of 2.9 percent in 2014. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 4.4 percent in 2014. In 2014, the U.S. PCE price index grew 1.4 percent.
Personal Consumption Expenditures by State
Today, the U.S. Bureau of Economic Analysis released its first set of official statistics on personal consumption expenditures (PCE) by state for 1997-2014. Across all states, the growth in total PCE by state accelerated to 4.2 percent in 2014 from 3.1 percent in 2013. In 2014, growth in total PCE ranged from 2.1 percent in West Virginia to 7.4 percent in North Dakota, with more than 40 states growing faster than in 2013.