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, 3rd quarter 2019 (advance estimate)

3rd quarter 2019:
1.9 percent
2nd quarter 2019:
2.0 percent

Real gross domestic product (GDP) increased 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent.

  • Current release: October 30, 2019
  • Next release: November 27, 2019

Personal Income and Outlays, September 2019

September 2019
0.3 percent (personal income)
August 2019
0.5 percent (personal income)

Personal income increased 0.3 percent in September after increasing 0.5 percent in August. Wages and salaries, the largest component of personal income, showed no change in September after increasing 0.6 percent in August.

  • Next Release: October 31, 2019
  • Next Release: November 27, 2019
 

Industry Economic Accounts

Gross Domestic Product by Industry: Second Quarter 2019

Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the second quarter.

  • Current Release: October 29, 2019
  • Next Release: January 9, 2020

International Economic Accounts

U.S. International Transactions, Second Quarter 2019

2nd quarter 2019:
-$128.2 billion
1st quarter 2019:
-$136.2 billion

The U.S. current account deficit narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019, according to statistics from the Bureau of Economic Analysis. The revised first quarter deficit was $136.2 billion. The second quarter deficit was 2.4 percent of current dollar gross domestic product, down from 2.6 percent in the first quarter.

  • Current Release: September 19, 2019
  • Next Release: December 19, 2019

U.S. International Investment Position, Second Quarter 2019

End of 2nd quarter 2019:
-$10.56 trillion
End of 1st quarter 2019:
-$10.16 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.01 trillion and liabilities were $38.56 trillion. At the end of the first quarter, the net investment position was –$10.16 trillion.

  • Current Release: September 30, 2019
  • Next release: December 27, 2019

U.S. International Trade in Goods and Services, September 2019

September 2019:
-$52.5 billion
August 2019:
-$55.0 billion

The U.S. monthly international trade deficit decreased in September 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.0 billion in August (revised) to $52.5 billion in September, as imports decreased more than exports. The previously published August deficit was $54.9 billion. The goods deficit decreased $2.7 billion in September to $71.7 billion. The services surplus decreased $0.1 billion in September to $19.3 billion.

  • Current Release: November 5, 2019
  • Next release: December 5, 2019

New Foreign Direct Investment in the United States, 2018

New Investment by Foreign Direct Investors:
$296.4 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion in 2018, up 8.7 percent from $272.8 billion in 2017.

  • Current release: July 2, 2019
  • Next release: July 2020

Regional Economic Accounts

Gross Domestic Product by State: Second Quarter 2019

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2019, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from 4.7 percent in Texas to 0.5 percent in Hawaii.

  • Current Release: November 7, 2019
  • Next Release: January 10, 2020

State Personal Income, Second Quarter 2019

State personal income increased 5.4 percent at an annual rate in the second quarter of 2019, a deceleration from the 6.2 percent increase in the first quarter. The percent change in personal income across all states ranged from 7.5 percent in Texas to unchanged in North Dakota.

  • Current Release: September 24, 2019
  • Next Release: December 18, 2019

Local Area Personal Income, 2018

In 2018, personal income increased in 3,019 counties, decreased in 91, and was unchanged in 3, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Personal income
increased 5.7 percent in the metropolitan portion of the United States and increased 4.8 percent in the nonmetropolitan portion. In metropolitan counties, the percent change in personal income ranged from
−3.2 percent in Lynn County, Texas to 17.5 percent in Midland County, Texas. In nonmetropolitan counties, it ranged from −20.8 percent in Sherman County, Texas, to 64.5 percent in Issaquena County,
Mississippi.

  • Current Release: November 14, 2019
  • Next Release: May 18, 2020

Real Personal Income for States and Metropolitan Areas, 2017

Real state personal income grew 2.6 percent in 2017, after increasing 1.5 percent in 2016, according to estimates released today by the Bureau of Economic Analysis. Real state personal income is a state's current-dollar personal income adjusted by the state's regional price parity and the national personal consumption expenditures price index. The percent change in real state personal income ranged from 4.5 percent in New York to -1.3 percent in North Dakota. Across metropolitan areas, the percent change ranged from 14.8 percent in Midland, MI to -5.9 percent in Enid, OK.

  • Current Release: May 16, 2019
  • Next release: May, 2020

Personal Consumption Expenditures by State, 2018

Average State PCE Growth (2018)
5.1%

State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia.

  • Current Release: October 3, 2019
  • Next release: October 8, 2020