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, Fourth Quarter and Annual 2018 (Initial Estimate)

4th quarter 2018:
2.6 percent
3rd quarter 2018:
3.4 percent

Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2018, according to the “initial” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.

Current Release
  • Current Release: February 28, 2019
  • Next Release: March 28, 2019

Personal Income and Outlays, December 2018; Personal Income, January 2019

January 2019:
-0.1 percent
December 2018:
1.0 percent

Personal income decreased 0.1 percent in January after increasing 1.0 percent in December, the largest increase since December 2012. Wages and salaries, the largest component of personal income, increased 0.3 percent in January after increasing 0.5 percent in December.

Current Release
  • Current Release: March 1, 2019
  • Next Release: March 29, 2019

Industry Economic Accounts

Gross Domestic Product by Industry: Third Quarter 2018

Wholesale trade; information; and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 19 of 22 industry groups contributed to the overall 3.4 percent increase in real GDP in the third quarter.

Current Release
  • Current Release: February 21, 2019
  • Next Release: April 19, 2019

International Economic Accounts

U.S. International Transactions, 3rd quarter 2018

3rd quarter 2018:
-$124.8 billion
2nd quarter 2018:
-$101.2 billion

The U.S. current-account deficit increased to $124.8 billion (preliminary) in the third quarter of 2018 from $101.2 billion (revised) in the second quarter of 2018. As a percentage of U.S. GDP, the deficit increased to 2.4 percent from 2.0 percent. The previously published current-account deficit for the second quarter was $101.5 billion.

Current Release
  • Current Release: December 19, 2018
  • Next Release: March 27, 2019

U.S. Net International Investment Position: Third Quarter 2018

End of 3rd quarter 2018:
-$9,627.2 billion
End of 2nd quarter 2018:
-$8,845.1 billion

The U.S. net international investment position decreased to -$9,627.2 billion (preliminary) at the end of the third quarter of 2018 from -$8,845.1 billion (revised) at the end of the second quarter, according to statistics released by the Bureau of Economic Analysis (BEA).

Current Release
  • Current Release: February 1, 2019
  • Next release: March 29, 2019

U.S. International Trade in Goods and Services, December 2018

The U.S. monthly international trade deficit increased in December 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $50.3 billion in November (revised) to $59.8 billion in December, as imports increased and exports decreased. The previously published November deficit was $49.3 billion. The goods deficit increased $9.0 billion in December to $81.5 billion. The services surplus decreased $0.5 billion in December to $21.8 billion.

Current Release
  • Current Release: March 6, 2019
  • Next release: March 27, 2019
 

New Foreign Direct Investment in the United States: 2017

New Investment by Foreign Direct Investors:
$259.6 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $259.6 billion (preliminary) in 2017. Expenditures were down 32 percent from $379.7 billion (revised) in 2016 and were below the annual average of $359.9 billion for 2014-2016. As in previous years, acquisitions of existing businesses accounted for a large majority of total expenditures.

Current Release
  • Current release: July 11, 2018
  • Next release: July 2019

Regional Economic Accounts

Gross Domestic Product by State: Third Quarter 2018

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia.

Current Release
  • Current Release: February 26, 2019
  • Next Release: May 1, 2019

Gross Domestic Product by Metropolitan Area, 2017

Real gross domestic product (GDP) increased in 312 out of 383 metropolitan areas in 2017. The percent change in real GDP by metropolitan area ranged from 12.1 percent in Odessa, TX to -7.8 percent in Enid, OK.

Current Release
  • Current Release: September 18, 2018
  • Next Release: December, 2019

State Quarterly Personal Income, 4th quarter 2018 and State Annual Personal Income, 2018 (preliminary)

State personal income increased 4.5 percent in 2018, after increasing 4.4 percent in 2017. In 2018, personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.8 percent in Washington to 2.9 percent in Hawaii.

Current Release
  • Current Release: March 26, 2019
  • Next Release: June 25, 2019

Local Area Personal Income, 2017

Personal income increased in 2,787 counties, decreased in 318, and was unchanged in 8 in 2017. Personal income increased 4.5 percent in the metropolitan portion of the United States and increased 3.2 percent in the nonmetropolitan portion in 2017. The change in personal income ranged from -41.4 percent in Slope County, North Dakota to 23.7 percent in Crosby County, Texas in 2017.

Current Release
  • Current Release: November 15, 2018
  • Next Release: May 16, 2019
  • Data for the entire time series, reflecting BEA's comprehensive update, are now available (March 6, 2019).

Real Personal Income for States and Metropolitan Areas, 2016

Real state personal income grew on average 1.1 percent in 2016, after increasing 4.7 percent in 2015. The percent change in real state personal income ranged from 3.3 percent in Utah and Georgia to -3.6 percent in Wyoming. In the District of Columbia, real personal income grew 4.5 percent. Across metropolitan areas, the percent change ranged from 6.6 percent in Jacksonville, NC to -8.1 percent in Midland, TX and Odessa, TX.

Current Release

BEA updated real personal income for states on September 25, 2018 with the release of state personal income. Real personal income for metropolitan areas will be updated on November 15, 2018 with the release of local area personal income.

  • Current Release: May 17, 2018
    • State Update: September 25, 2018
    • Local Area Update: November 15, 2018
  • Next release: May 16, 2019

Personal Consumption Expenditures by State, 2017

Average State PCE Growth (2017)
4.3%

State personal consumption expenditures (PCE) increased on average 4.3 percent in 2017, an acceleration from the 3.8 percent increase in 2016. The percent change in PCE across all states ranged from 6.9 percent in Idaho to 2.0 percent in North Dakota.

Current Release
  • Current Release: October 4, 2018
  • Next release: October 3, 2019