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)
- 4th quarter 2013: 2.4 percent
- 3rd quarter 2013: 4.1 percent
March 27, 2014
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 2.4 percent in the fourth quarter of 2013 (that is, from the third quarter to the fourth quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.1 percent.
- January 2014: 0.3 percent
- December 2013: 0.0 percent
March 28, 2014
In January 2014, real disposable personal income increased 0.3 percent.
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Industry Economic Accounts:
Annual Industry Accounts: GDP by Industry
Professional and business services; finance, insurance, real estate, rental, and leasing; mining; and manufacturing were the leading contributors to U.S. economic growth in 2012, according to revised statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. Overall, 20 of 22 industry groups contributed to the 2.8 percent increase in real GDP.
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International Economic Accounts:
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 3nd quarter 2013: -$94.8 billion
- 2nd quarter 2013: -$96.6 billion
March 19, 2014
The U.S. current-account deficit decreased $1.8 billion to $94.8 billion (preliminary) in the third quarter of 2013.
International Investment Position
Net International Investment Position at End of Quarter:
- End of 3rd quarter 2013: -$4,165.6 billion
- End of 2nd quarter 2013: -$4,455.0 billion
March 26, 2014
The U.S. net international investment position at the end of the third quarter of 2013 was -$4,165.6 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 second quarter was -$4,455.0 billion (revised).
International Trade in Goods and Services
- December 2013: -$38.7 billion
- November 2013: -$34.6 billion
March 7, 2014
Total December exports of $191.3 billion and imports of $230.0 billion resulted in a goods and services deficit of $38.7 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)
March 25, 2014
State personal income growth slowed slightly to 1.1 percent in the third quarter of 2013, from 1.2 percent in the second 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.