An official website of the United States government
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.
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Q2 2023 (3rd)
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+2.1%
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Q1 2023 (2nd)
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+2.2%
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Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “third” estimate. In the first quarter, real GDP increased 2.2 percent (revised). The increase in the second quarter primarily reflected increases in business investment, consumer spending, and state and local government spending that were partly offset by a decrease in exports. Imports, which are a subtraction in the calculation of GDP, decreased.
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $6.9 billion in the second quarter, an upward revision of $17.5 billion from the previous estimate.
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August 2023
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+0.4%
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July 2023
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+0.2%
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Personal income increased $87.6 billion (0.4 percent at a monthly rate) in August. Disposable personal income (DPI)—personal income less personal current taxes— increased $46.6 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $86.0 billion (0.4 percent) and consumer spending increased $83.6 billion (0.4 percent). Personal saving was $794.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent in August.
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Q2 2023
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-$212.1 B
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Q1 2023
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-$214.5 B
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The U.S. current-account deficit narrowed by $2.4 billion, or 1.1 percent, to $212.1 billion in the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The revised first-quarter deficit was $214.5 billion. The second-quarter deficit was 3.2 percent of current-dollar gross domestic product, up less than 0.1 percent from the first quarter.
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End of 2nd quarter 2023:
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-$18.00 trillion
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End of 1st quarter 2023:
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-$16.74 trillion
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The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$18.00 trillion at the end of the second quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $33.58 trillion, and liabilities were $51.58 trillion. At the end of the first quarter, the net investment position was -$16.74 trillion (revised).
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July 2023
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-$65.0 B
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June 2023
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-$63.7 B
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The U.S. monthly international trade deficit increased in July 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $63.7 billion in June (revised) to $65.0 billion in July as imports increased more than exports. The goods deficit increased $2.0 billion in July to $90.0 billion. The services surplus increased $0.7 billion in June to $25.0 billion.
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New Investment by Foreign Direct Investors:
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$177.5 billion (preliminary)
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Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5 billion in 2022, down $185.1 billion from $362.6 billion in 2021.
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2023, with the percent change in real GDP ranging from 12.4 percent in North Dakota to 0.1 percent in Rhode Island and Alabama.
Personal income, in current dollars, increased in 48 states and the District of Columbia in the first quarter, with the percent change ranging from 11.4 percent in Maine to –1.0 percent in Indiana.
In 2021, personal income increased in 3,075 counties, decreased in 36, and was unchanged in 3. Personal income increased 7.4 percent in the metropolitan portion of the United States and 7.7 percent in the nonmetropolitan portion.
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US PCE growth
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+12.7%
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State personal consumption expenditures (PCE) increased 12.7 percent in 2021 after decreasing 1.9 percent in 2020. The percent change in PCE across all 50 states and the District of Columbia ranged from 16.3 percent in Utah to 9.4 percent in New York.
