September 23, 2021

Personal Income by State, 2nd Quarter 2021

State personal income decreased 21.8 percent at an annual rate in the second quarter of 2021 after increasing 56.9 percent in the first quarter. In the second quarter of 2021, the decrease in transfer receipts was the leading contributor to personal income declines in all 50 states and the District of Columbia. The percent change in personal income across all states ranged from -10.1 percent in the District of Columbia to -34.0 percent in West Virginia.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2021 (2nd)
+6.6%
Personal Income
July 2021
1.1%
International Trade in Goods and Services
July 2021
-$70.1B
International Transactions
Q2 2021
-$190.3B

Noteworthy

The BEA Wire | BEA's Official Blog

Personal Income by State, 2nd Quarter 2021

September 23, 2021

State personal income decreased 21.8 percent at an annual rate in the second quarter of 2021 after increasing 56.9 percent in the first quarter. In the second quarter of 2021, the decrease in transfer receipts was the leading contributor to personal income declines in all 50 states and the District of Columbia. The percent change in personal income across all states ranged from –10.1 percent in the District of Columbia to –34.0 percent in…

U.S. Current Account Deficit Widens in Second Quarter 2021

September 21, 2021

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $0.9 billion, or 0.5 percent, to $190.3 billion in the second quarter of 2021. The widening mainly reflected reduced surpluses on services and on primary income that were mostly offset by a reduced deficit on secondary income. The second quarter deficit was 3…

July 2021 Trade Gap is $70.1 Billion

September 2, 2021

The U.S. monthly international trade deficit decreased in July 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $73.2 billion in June (revised) to $70.1 billion in July, as exports increased and imports decreased. The previously published June deficit was $75.7 billion. The goods deficit decreased$5.5 billion in July to $87.7 billion. The services surplus decreased $2.4 billion in…

Personal Income and Outlays, July 2021

August 27, 2021

Personal income increased$225.9 billion, or 1.1 percent at a monthly rate, while consumer spending increased$42.2 billion, or 0.3 percent, in July. Compensation increased and new advance Child Tax Credit payments, authorized by the American Rescue Plan, began in July. In addition to presenting estimates for July 2021, these highlights provide comparisons to February 2020, the last month before the onset of the COVID-19 pandemic in the United…

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Second Quarter 2021

August 26, 2021

Real gross domestic product (GDP) increased at an annual rate of 6.6 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was revised up 0.1 percentage point from the “advance” estimate released in July. In the second quarter, government assistance payments in the form of loans to businesses and grants to…

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