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 (Second Estimate) and Corporate Profits (Preliminary), Third Quarter 2022

Q3 2022 (2nd)
+2.9%
Q2 2022 (3rd)
-0.6%

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment.

Profits decreased 1.1 percent at a quarterly rate in the third quarter after increasing 4.6 percent in the
second quarter.

  • Current release: November 30, 2022
  • Next release: December 22, 2022

Personal Income and Outlays, September 2022

September 2022
+0.4%
August 2022
+0.4%

Personal income increased $78.9 billion, or 0.4 percent at a monthly rate, while consumer spending increased $113.0 billion, or 0.6 percent, in September. The increase in personal income primarily reflected increases in compensation and personal income receipts on assets. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.1 percent in September, compared with 3.4 percent in August.

  • Current release: October 28, 2022
  • Next release: December 1, 2022

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, Second Quarter 2022

Q2 2022
-$251.1B
Q1 2022
-$282.5B

The U.S. current-account deficit narrowed by $31.5 billion, or 11.1 percent, to $251.1 billion in the second quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $282.5 billion. The second-quarter deficit was 4.0 percent of current-dollar gross domestic product, down from 4.6 percent in the first quarter.

  • Current Release: September 22, 2022
  • Next Release: December 21, 2022

U.S. International Investment Position, 2nd Quarter 2022

End of 2nd quarter 2022:
-$16.31 trillion
End of 1st quarter 2022:
-$17.75 trillion

The U.S. net international investment position (IIP), the difference between U.S. residents’ foreign financial assets and liabilities, was -$16.31 trillion at the end of the second quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $30.98 trillion, and liabilities were $47.29 trillion. At the end of the first quarter, the net investment position was -$17.75 trillion.

  • Current Release: September 28, 2022
  • Next Release: December 29, 2022

U.S. International Trade in Goods and Services, September 2022

September 2022
-$73.3 B
August 2022
-$65.7 B

The U.S. monthly international trade deficit increased in September 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $65.7 billion in August (revised) to $73.3 billion in September, as imports increased and exports decreased. The goods deficit increased $6.6 billion in September to $92.7 billion. The services surplus decreased $1.0 billion in September to $19.5 billion.

  • Current Release: November 3, 2022
  • Next release: December 6, 2022

New Foreign Direct Investment in the United States, 2021

New Investment by Foreign Direct Investors:
$333.6 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $333.6 billion (preliminary) in 2021.

  • Current release: July 6, 2022
  • Next release: July 2023

Regional Economic Accounts

Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2022

Real gross domestic product (GDP) decreased in 40 states and the District of Columbia in the second quarter of 2022, with the percent change in real GDP ranging from 1.8 percent in Texas to –4.8 percent in Wyoming.

  • Current Release: September 30, 2022
  • Next Release: December 23, 2022

Personal Income by County and Metropolitan Area, 2021

In 2021, personal income increased in 3,075 counties, decreased in 36, and was unchanged in 3. Personal income increased 7.4 percent in the metropolitan portion of the United States and 7.7 percent in the nonmetropolitan portion.

  • Current Release: November 16, 2022
  • Next Release: November 16, 2023

Personal Consumption Expenditures by State, 2021

US PCE growth
+12.7%

State personal consumption expenditures (PCE) increased 12.7 percent in 2021 after decreasing 1.9 percent in 2020. The percent change in PCE across all 50 states and the District of Columbia ranged from 16.3 percent in Utah to 9.4 percent in New York.

  • Current Release: October 6, 2022
  • Next release: October 4, 2023