Overview of the U.S. Economy: Perspective from the BEA Accounts

Next release: November 24, 2009

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 3.5 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.7 percent.

Next release: November 25, 2009

Monthly data: In September 2009, real disposable personal income decreased 0.1 percent.

Annual Data: Downturns in manufacturing, retail trade, and finance and insurance industries were the leading contributors to the slowdown in U.S. economic growth in 2008, according to preliminary statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. The economic slowdown was widespread: nearly two-thirds of private industries contributed to the deceleration in real GDP growth.

Next release: December 16, 2009

Quarterly data: The U.S. current-account deficit decreased $5.7 billion to $98.8 billion (preliminary) in the second quarter of 2009.

Annual data: The U.S. net international investment position at yearend 2008 was -$3,469.2 billion (preliminary), as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.

Next release: December 10, 2009

Monthly data: Total September exports of $132.0 billion and imports of $168.4 billion resulted in a goods and services deficit of $36.5 billion. (Joint release with the U.S. Census Bureau)

Next release: November 2010

Annual Data: New statistics released today by the U.S. Bureau of Economic Analysis show that economic growth slowed in most states and regions of the U.S. in 2008 as economic growth overall slowed. Real GDP growth slowed in 38 states, with downturns in construction, manufacturing, and finance and insurance restraining growth in many states.

Next release: February 2011

Annual data: New statistics released today by the U.S. Bureau of Economic Analysis show that the slowdown in U.S. economic growth was widespread: 60 percent of metropolitan areas saw economic growth slow down or reverse. Real GDP growth slowed in 220 of the nation's 366 metropolitan statistical areas (MSAs) in 2008 with downturns in construction, manufacturing, and finance and insurance restraining growth in many metropolitan areas. Growth in real U.S. GDP by metropolitan area slowed from 2.0 percent in 2007 to 0.8 percent in 2008.

Next release: December 17, 2009

Quarterly data: U.S. personal income grew 0.2 percent in the second quarter of 2009, the first growth in a year for the U.S. and for 15 states.

Annual data: Across states, per capita personal income growth rates ranged from -0.2 percent in Arizona to 8.7 percent in North Dakota.

Annual data: Personal income growth slowed in 2008 in most of the nation’s metropolitan statistical areas.

Annual data: The percent change from 2006 to 2007 in county personal income ranged from -11 percent in McPherson County, Nebraska to 88 percent in Campbell County, South Dakota.

Annual data: Total compensation of U.S. workers grew 5.2% in 2007 and most counties shared in that growth.