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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)
Current Numbers
  • 2nd quarter 2016: 1.1 percent
  • 1st quarter 2016: 0.8 percent
Next release: September 29, 2016
Quarterly data: Real gross domestic product increased at an annual rate of 1.1 percent in the second quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 percent.
Personal Income
Current Numbers
  • June 2016: 0.2 percent (personal income)
  • May 2016: 0.2 percent (personal income)
Next release: August 29, 2016
Monthly data: In June 2016, real disposable personal income increased 0.1 percent.

Industry Economic Accounts

Quarterly Industry Accounts: GDP by Industry
Quarterly Data: 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.
Real GDP and Real Value Added

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Real Value Added by Industry

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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
Next release: September 15, 2016
Quarterly data: The U.S. current-account deficit increased $11.3 billion to $124.7 billion (preliminary) in the first quarter of 2016.
Quarterly Data
Quarterly Data Graph of U.S. Current-Account Transactions
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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
Next release: 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).
Quarterly Data
Graph of U.S. Net International Investment Position at End of Quarter
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Annual Data
Graph of U.S. Net International Investment Position at End of Year
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International Trade in Goods and Services
Trade Balance:
  • June 2016: -$44.5 billion
  • May 2016: -$41.0 billion
Next release: September 2, 2016
Monthly: Total June exports of $183.2 billion and imports of $227.7 billion resulted in a goods and services deficit of $44.5 billion.
Monthly Data
Monthly Graph of Balance on Goods and Services Trade
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New Foreign Direct Investment in the United States
Annual Data: 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.
Annual Data
New Foreign Direct Investment in the United States
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Regional Economic Accounts

Gross Domestic Product (GDP) by State
Next release: December 7, 2016
Quarterly Data: 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
Next release: September 2016
Annual data: 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)
Next release: September 28, 2016
Quarterly data: 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.
Quarterly Data
Map of Quarterly State Personal Income
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Local Area Personal Income
Next release: 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 DataMap of Local Area Personal Income
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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.
State and Metropolitan Area DataMap of State and Metropolitan Area Data
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Personal Consumption Expenditures by State
Annual data: 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.