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), and GDP by Industry, Second Quarter 2020

2nd quarter 2020 (3rd)
-31.4%
1st quarter 2020
-5.0%

Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020, according to the “third” estimate released by the Bureau of Economic Analysis. The change was 0.3 percentage point higher than the “second” estimate released in August. In the first quarter of 2020, real GDP decreased 5.0 percent.

  • Current release: September 30, 2020
  • Next release: October 29, 2020
 

Personal Income and Outlays, August 2020

August 2020
-2.7%
July 2020
0.5%

Personal income decreased 2.7 percent while consumer spending increased 1.0 percent in August, according to estimates released today by the Bureau of Economic Analysis.

  • Current release: October 1, 2020
  • Next release: October 30, 2020

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, Second Quarter 2020

2nd quarter 2020
-$170.5 B
1st quarter 2020
-$111.5 B

The U.S. current account deficit widened by $59.0 billion, or 52.9 percent, to $170.5 billion in the second quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis. The revised first quarter deficit was $111.5 billion. The second quarter deficit was 3.5 percent of current dollar gross domestic product, up from 2.1 percent in the first quarter.

  • Current Release: September 18, 2020
  • Next Release:  December 18, 2020

U.S. International Investment Position, Second Quarter 2020

End of 2nd quarter 2020:
–$13.05 trillion
End of 1st quarter 2020:
–$12.16 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$13.05 trillion at the end of the second quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.87 trillion and liabilities were $41.92 trillion. At the end of the first quarter, the net investment position was –$12.16 trillion.

  • Current Release: September 29, 2020
  • Next Release: December 29, 2020

U.S. International Trade in Goods and Services, August 2020

August 2020
-$67.1B
July 2020
-$63.4B

The U.S. monthly international trade deficit increased in August 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $63.4 billion in July (revised) to $67.1 billion in August, as imports increased more than exports. The previously published July deficit was $63.6 billion. The goods deficit increased $3.0 billion in August to $83.9 billion. The services surplus decreased $0.7 billion in August to $16.8 billion.

  • Current Release: October 6, 2020
  • Next release: November 4, 2020
 

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, 2nd Quarter 2020

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the second quarter ranged from -20.4 percent in the District of Columbia to -42.2 percent in Hawaii and Nevada.

Attention
BEA is speeding up the release of its industry and state GDP statistics to coordinate more closely with the quarterly estimates of national GDP. Starting Oct. 2, state-by-state GDP statistics will follow within two days of the third estimate of national GDP.
  • Current Release:October 2, 2020
  • Next Release:December 23, 2020

Personal Income by State, 2nd Quarter 2020

State personal income increased 34.2 percent at an annual rate in the second quarter of 2020, an acceleration from the 4.1 percent increases in the first quarter. Personal income increased in every state and the District of Columbia ranging from 15.3 percent in the District of Columbia to 76.3 percent in Massachusetts.

Attention

Data are now available for all 50 states and the District of Columbia showing the effects of pandemic response programs on state personal income.

Tables: PDF | XLSX

  • Current Release: September 24, 2020
  • Next Release: December 17, 2020

Real Personal Income by State and Metropolitan Area, 2018

Real state personal income grew 3.4 percent in 2018, after increasing 2.9 percent in 2017, 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 6.7 percent in Wyoming to 0.9 percent in Mississippi. Across metropolitan areas, the percent change ranged from 15.6 percent in Midland, TX to -1.1 percent in Sebring-Avon Park, FL.

  • Current Release: May 18, 2020
  • Next release: December 15, 2020

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