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 Estimate), and GDP by Industry, First Quarter 2024

Q1 2024 (3rd)
+1.4%
Q4 2023
+3.4%

Real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the first quarter of 2024, according to the "third" estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent. The increase in the first quarter primarily reflected increases in consumer spending, housing investment, business investment, and state and local government that were partly offset by a decrease in inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

  • Current release: June 27, 2024
  • Next release: July 25, 2024

Personal Income and Outlays, May 2024

May 2024
+0.5%
April 2024
+0.3%

Personal income increased $114.1 billion (0.5 percent at a monthly rate) in May. Disposable personal income (DPI)—personal income less personal current taxes—increased $94.0 billion (0.5 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $56.4 billion (0.3 percent) and consumer spending increased $47.8 billion (0.2 percent). Personal saving was $806.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent in May.

  • Current release: June 28, 2024
  • Next release: July 26, 2024

International Economic Accounts

U.S. International Transactions, 1st Quarter 2024 and Annual Update

Q1 2024
-$237.6 B
Q4 2023
-$221.8 B

The U.S. current-account deficit widened by $15.9 billion, or 7.2 percent, to $237.6 billion in the first quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $221.8 billion. The first-quarter deficit was 3.4 percent of current-dollar gross domestic product, up from 3.2 percent in the fourth quarter.

  • Current Release: June 20, 2024
  • Next Release: September 19, 2024

U.S. International Investment Position, 1st Quarter 2024 and Annual Update

End of 1st quarter 2024
-$21.28 trillion
End of 4th quarter 2023
-$19.85 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$21.28 trillion at the end of the first quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $35.78 trillion, and liabilities were $57.06 trillion. At the end of the fourth quarter of 2023, the net investment position was -$19.85 trillion (revised).

  • Current Release: June 26, 2024
  • Next Release: September 25, 2024

U.S. International Trade in Goods and Services, May 2024

May 2024
-$75.1 B
April 2024
-$74.5 B

The U.S. goods and services trade deficit increased in May 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $74.5 billion in April (revised) to $75.1 billion in May, as exports decreased more than imports. The goods deficit increased $0.9 billion in May to $100.2 billion. The services surplus increased $0.3 billion in May to $25.1 billion.

  • Current Release: July 3, 2024
  • Next release: August 6, 2024

New Foreign Direct Investment in the United States, 2023

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023 (chart 1), according to preliminary statistics released today by the U.S. Bureau of Economic Analysis. Expenditures decreased $57.4 billion, or 28 percent, from $206.2 billion (revised) in 2022 and were below the annual average of $265.6 billion for 2014–2022. As in previous years, acquisitions of existing U.S. businesses accounted for most of the expenditures.

  • Current release: July 12, 2024
  • Next release: July 2025

Regional Economic Accounts

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2024

Real gross domestic product (GDP) increased in 39 states and the District of Columbia in the first quarter of 2024, with the percent change ranging from 5.0 percent at an annual rate in Idaho to –4.2 percent in South Dakota.

  • Current Release: June 28, 2024
  • Next Release: September 27, 2024

Personal Income by County and Metropolitan Area, 2022

In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.

  • Current Release: November 16, 2023
  • Next Release: November 14, 2024

Personal Consumption Expenditures by State, 2022

US PCE growth
+9.2%

Nationally, personal consumption expenditures (PCE), in current dollars, increased 9.2 percent in 2022 after increasing 12.9 percent in 2021. PCE increased in all 50 states and the District of Columbia, with the percent change ranging from 11.8 percent in Idaho to 6.4 percent in Louisiana.

  • Current Release: October 4, 2023
  • Next release: October 3, 2024