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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Q3 2023 (2nd)
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+5.2%
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Q2 2023 (3rd)
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+2.1%
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Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023, according to the “second” estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.
Profits increased 3.3 percent at a quarterly rate in the third quarter after increasing 0.2 percent in the second quarter.
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October 2023
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+0.2%
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September 2023
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+0.4%
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Personal income increased $57.1 billion (0.2 percent at a monthly rate) in October. Disposable personal income (DPI)—personal income less personal current taxes—increased $63.4 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $43.8 billion (0.2 percent) and consumer spending increased $41.2 billion (0.2 percent). Personal saving was $768.6 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.8 percent in October.
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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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September 2023
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-$61.5 B
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August 2023
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-$58.7 B
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The U.S. monthly international trade deficit increased in September 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $58.7 billion in August (revised) to $61.5 billion in September as imports increased more than exports. The goods deficit increased $1.7 billion in September to $86.3 billion. The services surplus decreased $1.2 billion in September to $24.8 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.
Personal income, in current dollars, increased in 49 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 6.1 percent in New York and the District of Columbia to –2.7 percent in Maine (table 1), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA).
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.
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US PCE growth
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+9.2%
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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.
