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, Fourth Quarter and Year 2022 (Second Estimate)

Q4 2022 (2nd)
Q3 2022 (3rd)

Real gross domestic product (GDP) increased at an annual rate of 2.7 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter. The increase in the fourth quarter primarily reflected increases in inventory investment and consumer spending that were partly offset by a decrease in housing investment.

  • Current release: February 23, 2023
  • Next release: March 30, 2023

Personal Income and Outlays, January 2023

January 2023
December 2022

Personal income increased $131.1 billion, or 0.6 percent at a monthly rate, while consumer spending increased $312.5 billion, or 1.8 percent, in January. The increase in personal income primarily reflected an increase in compensation. Government social benefits decreased in January, reflecting a decrease in “other” benefits that was partly offset by an increase in Social Security. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 4.7 percent in January, compared with 4.5 percent in December.

  • Current release: February 24, 2023
  • Next release: March 31, 2023

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, 4th Quarter and Year 2022

Q4 2022
-$206.8 B
Q3 2022
-$219.0 B

The U.S. current-account deficit narrowed by $12.2 billion, or 5.6 percent, to $206.8 billion in the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $219.0 billion. The fourth-quarter deficit was 3.2 percent of current-dollar gross domestic product, down from 3.4 percent in the third quarter.

  • Current Release: March 23, 2023
  • Next Release: June 22, 2023

U.S. International Investment Position, 3rd Quarter 2022

End of 3rd quarter 2022:
-$16.71 trillion
End of 2nd quarter 2022:
-$16.29 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$16.71 trillion at the end of the third quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $29.73 trillion, and liabilities were $46.44 trillion. At the end of the second quarter, the net investment position was -$16.29 trillion (revised).

  • Current Release: December 29, 2022
  • Next Release: March 29, 2023

U.S. International Trade in Goods and Services, January 2023

January 2023
-$68.3 B
December 2022
-$67.2 B

The U.S. monthly international trade deficit increased in January 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.2 billion in December (revised) to $68.3 billion in January, as imports increased more than exports. The goods deficit decreased $0.6 billion in January to $90.1 billion. The services surplus decreased $1.7 billion in January to $21.8 billion.

  • Current Release: March 8, 2023
  • Next release: April 5, 2023

New Foreign Direct Investment in the United States, 2021

New Investment by Foreign Direct Investors:
$333.6 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $333.6 billion (preliminary) in 2021.

  • Current release: July 6, 2022
  • Next release: July 2023

Regional Economic Accounts

Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2022

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2022, with the percent change in real GDP ranging from 8.7 percent in Alaska to –0.7 percent in Mississippi.

Personal income increased in all 50 states and the District of Columbia in the third quarter, with the percent change ranging from 14.2 percent in Colorado to 1.4 percent in Kentucky.

  • Current Release: December 23, 2022
  • Next Release: March 31, 2023

Personal Income by County and Metropolitan Area, 2021

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.

  • Current Release: November 16, 2022
  • Next Release: November 16, 2023

Personal Consumption Expenditures by State, 2021

US PCE growth

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.

  • Current Release: October 6, 2022
  • Next release: October 4, 2023