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 Economics Account

Gross Domestic Product, 2nd quarter 2018 (advance estimate), and comprehensive update

2nd quarter 2018:
4.1 percent
1st quarter 2018:
2.2 percent

Real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent (revised).

Current Release
  • Current Release: July 27, 2018
  • Next Release: August 29, 2018

Personal Income and Outlays, June 2018 and Comprehensive Update: 1929 Through May 2018

June 2018:
0.4 percent (personal income)
May 2018:
0.4 percent (personal income)

Personal income increased 0.4 percent in June, the same increase as in May. Wages and salaries, the largest component of personal income, increased 0.4 percent in June after increasing 0.3 percent in May.

Current Release
  • Next release: August 30, 2018

Industry Economics Account

Gross Domestic Product by Industry, 1st quarter 2018

Real estate and rental and leasing; information; and nondurable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2018. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 14 of 22 industry groups contributed to the overall 2.0 percent increase in real GDP in the first quarter.

Current Release
  • Current Release: July 20, 2018
  • Next Release: November 1, 2018

International Economics Account

U.S. International Transactions, 1st quarter 2018 and annual update

1st quarter 2018:
-$124.1 billion
4th quarter 2017:
-$116.1 billion

The U.S. current-account deficit increased to $124.1 billion (preliminary) in the first quarter of 2018 from $116.1 billion (revised) in the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product (GDP) in the first quarter, up from 2.4 percent in the fourth quarter.

Current Release
  • Current Release: June 20, 2018
  • Next release: September 19, 2018

U.S. International Investment Position, 1st quarter 2018, Year 2017, and annual update

End of 1st quarter 2018:
-$7,888.1 billion
End of 4th quarter 2017:
-$7,725.0 billion
End of Year 2017:
-$7,725.0 billion
End of Year 2016:
-$8,181.6 billion

The U.S. net international investment position decreased to -$7,888.1 billion (preliminary) at the end of the first quarter of 2018 from -$7,725.0 billion (revised) at the end of the fourth quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The $163.1 billion decrease reflected a $182.8 billion decrease in U.S. assets and a $19.7 billion decrease in U.S. liabilities.

Current Release

Current Release: June 27, 2018
Next release: September 26, 2018

U.S. International Trade in Goods and Services, June 2018

June 2018:
-$46.3 billion
May 2018:
-$43.2 billion

The U.S. monthly international trade deficit increased in June 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.2 billion in May(revised) to $46.3 billion in June, as exports decreased and imports increased. The previously published May deficit was $43.1 billion. The goods deficit increased $3.1 billion in June to $68.8 billion. The services surplus decreased less than $0.1 billion in June to $22.5 billion.

Current Release

Current release: August 3, 2018
Next release: September 5, 2018

New Foreign Direct Investment in the United States: 2017

New Investment by Foreign Direct Investors:
$259.6 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $259.6 billion (preliminary) in 2017. Expenditures were down 32 percent from $379.7 billion (revised) in 2016 and were below the annual average of $359.9 billion for 2014-2016. As in previous years, acquisitions of existing businesses accounted for a large majority of total expenditures.

Current Release
  • Current release: July 11, 2018
  • Next release: July 2019

Regional Economics Account

Gross Domestic Product by State, 1st quarter 2018

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the first quarter ranged from 3.6 percent in Washington to -0.6 percent in North Dakota.

Current Release
  • Current Release: July 24, 2018
  • Next Release: November 14, 2018

Gross Domestic Product by Metropolitan Area, 2016

Real gross domestic product (GDP) increased in 267 out of 382 metropolitan areas in 2016 according to statistics on the geographic breakout of GDP released by the Bureau of Economic Analysis. Real GDP by metropolitan area growth ranged from 8.1 percent in Lake Charles, LA and Bend-Redmond, OR to -13.3 percent in Odessa, TX (table 2).

Current Release
  • Current Release: September 20, 2017
  • Next Release: September 18, 2018

State Quarterly Personal Income, 1st quarter 2018

State personal income increased 4.3 percent at an annual rate in the first quarter of 2018, after increasing 4.7 percent in the fourth quarter of 2017, according to estimates released today by the Bureau of Economic Analysis1 (table 1). Personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 7.4 percent in Washington to 2.0 percent in Idaho.

Current Release
  • Current Release: June 21, 2018
  • Next Release: September 25, 2018

Local Area Personal Income, 2016

Personal income grew in 2016 in 2,285 counties, fell in 795, and was unchanged in 33, according to estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income rose 2.5 percent in 2016 in the metropolitan portion of the United States and rose 1.0 percent in the nonmetropolitan portion. Personal income growth in 2016 ranged from -40.8 percent in Kenedy County, Texas to 27.1 percent in Tillman County, Oklahoma.

Current Release
  • Current Release: November 16, 2017
  • Next Release: November 15, 2018

Real Personal Income for States and Metropolitan Areas, 2016

Real state personal income grew on average 1.1 percent in 2016, after increasing 4.7 percent in 2015. The percent change in real state personal income ranged from 3.3 percent in Utah and Georgia to -3.6 percent in Wyoming. In the District of Columbia, real personal income grew 4.5 percent. Across metropolitan areas, the percent change ranged from 6.6 percent in Jacksonville, NC to -8.1 percent in Midland, TX and Odessa, TX.

Current Release
  • Current Release: May 2018
  • Next release: May 2019

Personal Consumption Expenditures by State, 2016

Average State PCE Growth (2016)
4.0%

State personal consumption expenditures (PCE) grew on average 4.0 percent in 2016, the same rate as in 2015. In 2016, PCE growth ranged from 0.2 percent in North Dakota to 6.2 percent in Utah.

Current Release
  • Current Release: October 4, 2017
  • Next release: October 4, 2018