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, (Third Estimate), GDP by Industry, and Corporate Profits, Fourth Quarter and Year 2020

Q4 2020 (3rd)
+4.3%
Q3 2020 (3rd)
+33.4%

Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.2 percentage point higher than the “second” estimate released in February. In the third quarter, real GDP increased 33.4 percent.

  • Current release: March 25, 2021
  • Next release: April 29, 2021

Personal Income and Outlays, February 2021

February 2021
-7.1%
January 2021
+10.1%

Personal income decreased $1,516.6 billion, or 7.1 percent at a monthly rate, while consumer spending decreased $149.0 billion, or 1.0 percent, in February.

  • Current release: March 26, 2021
  • Next release: April 30, 2021

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, Fourth Quarter and Year 2020

Q4 2020
-$188.5B
Q3 2020
-$180.9B
Annual 2020
-$647.2B
Annual 2019
-$480.2B

The U.S. current account deficit widened by $7.6 billion, or 4.2 percent, to $188.5 billion in the fourth quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis. The revised third quarter deficit was $180.9 billion. The fourth quarter deficit was 3.5 percent of current dollar gross domestic product, up from 3.4 percent in the third quarter.

  • Current Release: March 23, 2021
  • Next Release: June 23, 2021

U.S. International Investment Position, Fourth Quarter and Year 2020

End of 4th quarter 2020
–$14.09 trillion
End of 3rd quarter 2020
–$13.86 trillion
End of year 2020
–$14.09 trillion
End of year 2019
–$11.05 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$14.09 trillion at the end of the fourth quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.16 trillion and liabilities were $46.25 trillion. At the end of the third quarter, the net investment position was –$13.86 trillion.

  • Current Release: March 31, 2021
  • Next Release: June 30, 2021

U.S. International Trade in Goods and Services, February 2021

February 2021
-$71.1 billion
January 2021
-$67.8 billion

The U.S. monthly international trade deficit increased in February 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.8 billion in January (revised) to $71.1 billion in February, as exports decreased more than imports. The previously published January deficit was $68.2 billion. The goods deficit increased $2.8 billion in February to $88.0 billion. The services surplus decreased $0.5 billion in February to $16.9 billion.

  • Current Release: April 7, 2021
  • Next release: May 4, 2021

New Foreign Direct Investment in the United States, 2019

New Investment by Foreign Direct Investors:
$194.7 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $194.7 billion in 2019, down 37.7 percent from $312.5 billion in 2018.

  • Current release: July 1, 2020
  • Next release: July 2021

Regional Economic Accounts

Gross Domestic Product by State, 4th Quarter 2020 and Annual 2020 (Preliminary)

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4.3 percent. The percent change in real GDP in the fourth quarter ranged from 9.9 percent in South Dakota to 1.2 percent in the District of Columbia.

  • Current Release: March 26, 2021
  • Next Release: June 25, 2021

State Annual Personal Income, 2020 (Preliminary) and State Quarterly Personal Income, 4th Quarter 2020

State personal income increased 6.1 percent in 2020 after increasing 3.9 percent in 2019. In 2020, the increase in transfer receipts was the leading contributor to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 8.4 percent in Arizona and Montana to 2.4 percent in Wyoming.

  • Current Release: March 24, 2021
  • Next Release:  June 22, 2021

Personal Income by County and Metropolitan Area, 2019

In 2019, personal income increased in 2,964 counties, decreased in 139, and was unchanged in 10. Personal income increased 4.0 percent in the metropolitan portion of the United States and increased 3.5 percent in the nonmetropolitan portion.

  • Current Release: November 17, 2020
  • Next Release: November 16, 2021

Real Personal Income by State and Metropolitan Area, 2019

Real state personal income grew 2.4 percent in 2019 after increasing 3.1 percent in 2018, according to estimates released today by the Bureau of Economic Analysis (BEA). 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 4.1 percent in Maine to 0.7 percent in Hawaii, Wyoming, and Rhode Island. Across metropolitan areas, the percent change ranged from 7.6 percent in Hanford-Corcoran, CA, to –3.2 percent in Panama City, FL, and Wheeling, WV-OH.

  • Current Release: December 15, 2020
  • Next release: December 14, 2021

Personal Consumption Expenditures by State, 2019

US PCE growth
3.9%

State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont.

  • Current Release: October 8, 2020
  • Next release: October 8, 2021