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, 3rd quarter 2019 (third estimate); Corporate Profits, 3rd quarter 2019 (revised estimate)

3rd quarter 2019
2.1 percent
2nd quarter 2019
2.0 percent

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “second” estimate released in November. In the second quarter, real GDP rose 2.0 percent.

  • Current release: December 20, 2019
  • Next release: January 30, 2020
 

Personal Income and Outlays, November 2019

November 2019:
0.5 percent (personal income)
October 2019:
0.1 percent (personal income)

Personal income increased 0.5 percent in November after increasing 0.1 percent in October. Wages and salaries, the largest component of personal income, increased 0.4 percent in November after increasing 0.5 percent in October.

  • Current release: December 20, 2019
  • Next release: January 31, 2020

Industry Economic Accounts

Gross Domestic Product by Industry, Third Quarter 2019

Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the third quarter.

  • Current Release: January 9, 2020
  • Next Release: April 6, 2020

International Economic Accounts

U.S. International Transactions, Third Quarter 2019

3rd quarter 2019:
-$124.1 billion
2nd quarter 2019:
-$125.2 billion

The U.S. current account deficit narrowed by $1.1 billion, or 0.9 percent, to $124.1 billion in the third quarter of 2019, according to statistics from the U.S. Bureau of Economic Analysis. The revised second quarter deficit was $125.2 billion. The third quarter deficit was 2.3 percent of current dollar gross domestic product, down less than 0.1 percent from the second quarter.

  • Current Release: December 19, 2019 
  • Next Release:  March 19, 2020

U.S. International Investment Position, Third Quarter 2019

End of 3rd quarter 2019:
-$10.95 trillion
End of 2nd quarter 2019:
-$10.61 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.95 trillion at the end of the third quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.26 trillion and liabilities were $39.21 trillion. At the end of the second quarter, the net investment position was –$10.61 trillion.

  • Current Release: December 27, 2019
  • Next release: March 31, 2020

U.S. International Trade in Goods and Services, November 2019

November 2019
-$43.1 billion
October 2019
-$46.9 billion

The U.S. monthly international trade deficit decreased in November 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.9 billion in October (revised) to $43.1 billion in November, as exports increased and imports decreased. The previously published October deficit was $47.2 billion. The goods deficit decreased $3.9 billion in November to $63.9 billion. The services surplus decreased less than $0.1 billion in November to $20.8 billion.

  • Current Release: January 7, 2020
  • Next release: February 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, Third Quarter 2019

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2019. The percent change in real GDP in the third quarter ranged from 4.0 percent in Texas to 0.0 percent in Delaware.

  • Current Release: January 10, 2020
  • Next Release: April 7, 2020

State Personal Income, Third Quarter 2019

State personal income increased 3.8 percent at an annual rate in the third quarter of 2019, a deceleration from the 4.4 percent increase in the second quarter. The percent change in personal income across all states ranged from 15.2 percent in South Dakota to 1.9 percent in West Virginia and Wyoming.

  • Current Release: December 18, 2019
  • Next Release: March 24, 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