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 Quarter 2023 (Second Estimate) and Corporate Profits (Preliminary)

Q2 2023 (2nd)
Q1 2023 (3rd)

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “second” estimate. In the first quarter, real GDP increased 2.0 percent. The increase in the second quarter primarily reflected increases in consumer spending and business investment that were partly offset by a decrease in exports. Imports, which are a subtraction in the calculation of GDP, decreased.

Profits decreased 0.4 percent at a quarterly rate in the second quarter after decreasing 4.1 percent in the first quarter.

  • Current release: August 30
  • Next release: September 28

Personal Income and Outlays, July 2023

July 2023
June 2023

Personal income increased $45.0 billion (0.2 percent at a monthly rate) in July. Disposable personal income (DPI)—personal income less personal current taxes— increased $7.3 billion (less than 0.1 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $153.8 billion (0.8 percent) and consumer spending increased $144.6 billion (0.8 percent). Personal saving was $705.6 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.5 percent in July.

  • Current release: August 31, 2023
  • Next release: September 29, 2023

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, 2nd Quarter 2023

Q2 2023
-$212.1 B
Q1 2023
-$214.5 B

The U.S. current-account deficit narrowed by $2.4 billion, or 1.1 percent, to $212.1 billion in the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The revised first-quarter deficit was $214.5 billion. The second-quarter deficit was 3.2 percent of current-dollar gross domestic product, up less than 0.1 percent from the first quarter.

  • Current Release: September 21, 2023
  • Next Release: December 20, 2023

U.S. International Investment Position, 1st Quarter 2023 and Annual Update

End of 1st quarter 2023:
-$16.75 trillion
End of 4th quarter 2022:
-$16.17 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.75 trillion at the end of first quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.74 trillion, and liabilities were $49.49 trillion. At the end of the fourth quarter of 2022, the net investment position was –$16.17 trillion (revised).

  • Current Release: June 28, 2023
  • Next Release: September 27, 2023

U.S. International Trade in Goods and Services, July 2023

July 2023
-$65.0 B
June 2023
-$63.7 B

The U.S. monthly international trade deficit increased in July 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $63.7 billion in June (revised) to $65.0 billion in July as imports increased more than exports. The goods deficit increased $2.0 billion in July to $90.0 billion. The services surplus increased $0.7 billion in June to $25.0 billion.

  • Current Release: September 6, 2023
  • Next release: October 5, 2023

New Foreign Direct Investment in the United States, 2022

New Investment by Foreign Direct Investors:
$177.5 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5 billion in 2022, down $185.1 billion from $362.6 billion in 2021.

  • Current release: July 10, 2023
  • Next release: July 2024

Regional Economic Accounts

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2023

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2023, with the percent change in real GDP ranging from 12.4 percent in North Dakota to 0.1 percent in Rhode Island and Alabama.

Personal income, in current dollars, increased in 48 states and the District of Columbia in the first quarter, with the percent change ranging from 11.4 percent in Maine to –1.0 percent in Indiana.

  • Current Release: June 30, 2023
  • Next Release: Fall 2023

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

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