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 Year 2019 (Third Estimate); Corporate Profits, Fourth Quarter and Year 2019

4th quarter 2019
2.1 percent
3rd quarter 2019
2.1 percent

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate is the same as in the “second” estimate released in February. In the third quarter, real GDP also increased 2.1 percent.

  • Current release: March 26, 2020
  • Next release: April 29, 2020
 

Personal Income and Outlays: February 2020

February 2020:
0.6 percent (personal income)
January 2020:
0.6 percent (personal income)

Personal income increased 0.6 percent in February, the same increase as in January. Wages and salaries, the largest component of personal income, increased 0.5 percent in February, also the same increase as in January.

  • Current release: March 27, 2020
  • Next release: April 30, 2020

Industry Economic Accounts

Gross Domestic Product by Industry: Fourth Quarter and Year 2019

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

  • Current Release: April 6, 2020
  • Next Release: July 6, 2020

International Economic Accounts

U.S. International Transactions, Fourth Quarter and Year 2019

4th quarter 2019
-$109.8 billion
3rd quarter 2019
-$125.4 billion

The U.S. current account deficit narrowed by $15.6 billion, or 12.4 percent, to $109.8 billion in the fourth quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis. The revised third quarter deficit was $125.4 billion. The fourth quarter deficit was 2.0 percent of current dollar gross domestic product, down from 2.3 percent in the third quarter.

  • Current Release: March 19, 2020
  • Next Release:  June 19, 2020
 

U.S. International Investment Position, Fourth Quarter and Year 2019

End of 4th quarter 2019:
–$10.99 trillion
End of 3rd quarter 2019:
–$10.98 trillion
End of year 2019:
-$10.99 trillion
End of year 2018:
-$9.55 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.99 trillion at the end of the fourth quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.32 trillion and liabilities were $40.31 trillion. At the end of the third quarter, the net investment position was –$10.98 trillion.

  • Current Release: March 31, 2020
  • Next Release: June 30, 2020

U.S. International Trade in Goods and Services, February 2020

February 2020:
-$39.9 billion
January 2020:
-$45.5 billion

The U.S. monthly international trade deficit decreased in February 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.5 billion in January (revised) to $39.9 billion in February, as imports decreased more than exports. The previously published January deficit was $45.3 billion. The goods deficit decreased $5.9 billion in February to $61.2 billion. The services surplus decreased $0.4 billion in February to $21.3 billion.

  • Current Release: April 2, 2020
  • Next release: May 5, 2020

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: 4th Quarter and Annual 2019

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia.

  • Current Release: April 7, 2020
  • Next Release: July 7, 2020

State Annual Personal Income, 2019 (Preliminary) and State Quarterly Personal Income, 4th Quarter 2019

State personal income increased 4.4 percent in 2019, after increasing 5.6 percent in 2018. In 2019, increases in earnings, property income (dividends, interest, and rent), and transfer receipts contributed to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.1 percent in Colorado to 2.8 percent in West Virginia.

  • Current Release: March 24, 2020
  • Next Release: June 23, 2020

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: November 17, 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