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), Corporate Profits (Revised Estimate), and GDP by Industry, Third Quarter 2021

Q3 2021 (3rd)
+2.3%
Q2 2021 (3rd)
+6.7%

Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. The increase was revised up 0.2 percentage point from the “second” estimate released in November. The deceleration in real GDP in the third quarter was led by a slowdown in consumer spending. A resurgence of COVID-19 cases resulted in new restrictions and delays in the reopening of establishments in some parts of the country. In the third quarter, government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased.

  • Current release: December 22, 2021
  • Next release: January 27, 2022

Personal Income and Outlays, November 2021

November 2021
+0.4%
October 2021
+0.5 %

Personal income increased$90.4 billion, or 0.4 percent at a monthly rate, while consumer spending increased$104.7 billion, or 0.6 percent, in November. The increase in personal income primarily reflected increases in compensation of employees and government social benefits. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.9 percent in November, compared with 7.1 percent in October.

  • Current release: December 23, 2021
  • Next release: January 28, 2022

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, Third Quarter 2021

Q3 2021
-$214.8B
Q2 2021
-$198.3B

The U.S. current-account deficit widened by $16.5 billion, or 8.3 percent, to $214.8 billion in the third quarter of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $198.3 billion. The third-quarter deficit was 3.7 percent of current-dollar gross domestic product, up from 3.5 percent in the second quarter.

  • Current Release: December 21, 2021
  • Next Release: March 24, 2022

U.S. International Investment Position, Third Quarter 2021

End of 3rd quarter 2021
-$16.07 trillion
End of 2nd quarter 2021
-$15.91 trillion

The U.S. net international investment position (IIP), the difference between U.S. residents' foreign financial assets and liabilities, was –$16.07 trillion at the end of the third quarter of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $34.45 trillion, and liabilities were $50.53 trillion. At the end of the second quarter, the net investment position was –$15.91 trillion.

  • Current Release: December 30, 2021
  • Next Release: March 29, 2022

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

November 2021
-$80.2B
October 2021
-$67.2B

The U.S. monthly international trade deficit increased in November 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.2 billion in October (revised) to $80.2 billion in November, as imports increased more than exports. The previously published October deficit was $67.1 billion. The goods deficit increased $15.1 billion in November to $99.0 billion. The services surplus increased $2.1 billion in November to $18.8 billion.

  • Current Release: January 6, 2022
  • Next release: February 8, 2022

New Foreign Direct Investment in the United States, 2020

New Investment by Foreign Direct Investors:
$120.7 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $120.7
billion in 2020, down 45.4 percent from $221.2 billion in 2019.

  • Current release: July 1, 2021
  • Next release: July 2022

Regional Economic Accounts

Gross Domestic Product by State, 3rd Quarter 2021

Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the third quarter of 2021, as real GDP for the nation increased at an annual rate of 2.3 percent. The percent change in real GDP in the third quarter ranged from 6.0 percent in Hawaii to –3.3 percent in New Hampshire and North Dakota. GDP estimates reflect the continued economic impacts related to the COVID-19 pandemic. Government pandemic assistance payments to households and business decreased. The full economic effects of the COVID-19 pandemic cannot be quantified in the state GDP estimates because the impacts are generally embedded in source data and cannot be separately identified.

  • Current Release: December 23, 2021
  • Next Release: March 31, 2022

Personal Income by State, 3rd Quarter 2021

State personal income increased 2.6 percent at an annual rate in the third quarter of 2021 after decreasing 20.2 percent in the second quarter. The percent change in personal income across all states ranged from 6.7 percent in Kentucky to –4.3 percent in North Dakota.

  • Current Release: December 17, 2021
  • Next Release: March 23, 2022

Personal Income by County and Metropolitan Area, 2020

In 2020, personal income increased in 3,040 counties, decreased in 69, and was unchanged in 3. Personal income increased 6.4 percent in the metropolitan portion of the United States and increased 7.6 percent in the nonmetropolitan portion. Personal income estimates were impacted by the response to the spread of COVID-19, as governments issued and lifted “stay-at-home” orders. The full economic effects of the COVID-19 pandemic cannot be quantified in the local area personal income estimates, because the impacts are generally embedded in source data and cannot be separately identified.

  • Current Release: November 16, 2021
  • Next Release: November 16, 2022

Personal Consumption Expenditures by State, 2020

US PCE growth
-2.6%

State personal consumption expenditures (PCE) decreased 2.6 percent in 2020 after increasing 3.7 percent in 2019. The percent change in PCE across all 50 states and the District of Columbia ranged from 1.2 percent in Idaho and Utah to –5.8 percent in the District of Columbia.

  • Current Release: October 8, 2021
  • Next release: October 6, 2022