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 2023 (Second Estimate)

Q4 2023 (2nd)
+3.2%
Q3 2023
+4.9%

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the “second” estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending, exports, as well as state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.

  • Current release: February 28, 2024
  • Next release: March 28, 2024

Personal Income and Outlays, January 2024

January 2024
+1.0%
December 2023
+0.3%

Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)—personal income less personal current taxes—increased $67.6 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $54.3 billion (0.3 percent) and consumer spending increased $43.9 billion (0.2 percent). Personal saving was $779.3 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.8 percent in January.

  • Current release: February 29, 2024
  • Next release: March 29, 2024

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, 3rd Quarter 2023

Q3 2023
-$200.3 B
Q2 2023
-$216.8 B

The U.S. current-account deficit narrowed by $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $216.8 billion. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down from 3.2 percent in the second quarter.

  • Current Release: December 20, 2023
  • Next Release: March 21, 2024

U.S. International Investment Position, 3rd Quarter 2023

End of 3rd quarter 2023:
-$18.16 trillion
End of 2nd quarter 2023:
-$18.14 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$18.16 trillion at the end of the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.91 trillion, and liabilities were $51.07 trillion. At the end of the second quarter, the net investment position was -$18.14 trillion (revised).

  • Current Release: December 28, 2023
  • Next Release: March 27, 2024

U.S. International Trade in Goods and Services, December and Annual 2023

December 2023
-$62.2 B
November 2023
-$61.9 B

The U.S. monthly international trade deficit increased in December 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.9 billion in November (revised) to $62.2 billion in December, as imports increased more than exports. The goods deficit increased $0.7 billion in December to $89.1 billion. The services surplus increased $0.4 billion in December to $26.9 billion.

  • Current Release: February 7, 2024
  • Next release: March 7, 2024

New Foreign Direct Investment in the United States, 2022

New Investment by Foreign Direct Investors:
$177.5 billion (preliminary)

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.

  • Current release: July 10, 2023
  • Next release: July 2024

Regional Economic Accounts

Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2023

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2023, with the percent change ranging from 9.7 percent in Kansas to 0.7 percent in Arkansas.

  • Current Release: December 22, 2023
  • Next Release: March 29, 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