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, 2nd quarter 2019 (advance estimate), and annual update

2nd quarter 2019:
2.1 percent
1st quarter 2019:
3.1 percent

Real gross domestic product (GDP) increased 2.1 percent in the second quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.

  • Current Release: July 26, 2019
  • Next Release: August 29, 2019

Personal Income and Outlays, June 2019

June 2019:
0.4 percent (personal income)
May 2019:
0.4 percent (personal income)

Personal income increased 0.4 percent in June, the same increase as in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.2 percent in May.

  • Current Release: July 30, 2019
  • Next Release: August 30, 2019

Industry Economic Accounts

Gross Domestic Product by Industry: First Quarter 2019

Finance and insurance; retail trade; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the first quarter of 2019. Overall, 16 of 22 industry groups contributed to the 3.1 percent increase in real GDP in the first quarter.

  • Current Release: July 19, 2019
  • Next Release: October 29, 2019

International Economic Accounts

U.S. International Transactions, First Quarter 2019 and Annual Update

1st quarter 2019:
-$130.4 billion
4th quarter 2018:
-$143.9 billion

The U.S. current-account deficit decreased to $130.4 billion (preliminary) in the first quarter of 2019 from $143.9 billion (revised) in the fourth quarter of 2018. As a percentage of U.S. gross domestic product, the deficit decreased to 2.5 percent from 2.8 percent. The previously published current-account deficit for the fourth quarter was $134.4 billion.

  • Current Release: June 20, 2019
  • Next Release: September 19, 2019

U.S. Net International Investment Position: First Quarter 2019, Year 2018, and Annual Update

End of 1st quarter 2019:
-$9.93 trillion
End of 4th quarter 2018:
-$9.55 trillion
End of year 2018:
-$9.55 trillion
End of year 2017:
-$7.74 trillion

The U.S. net international investment position decreased to -$9.93 trillion (preliminary) at the end of the first quarter of 2019 from -$9.55 trillion (revised) at the end of the fourth quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA).

  • Current Release: June 26, 2019
  • Next release: September 30, 2019
 

U.S. International Trade in Goods and Services, June 2019

June 2019:
-$55.2 billion
May 2019:
-$55.3 billion

The U.S. monthly international trade deficit decreased in June 2019 according to the U.S.Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.3 billion in May (revised) to $55.2 billion in June, as imports decreased more than exports. The previously published May deficit was $55.5 billion. The goods deficit decreased $0.8 billion in June to $75.1 billion. The services surplus decreased $0.6 billion in June to $20.0 billion.

  • Current Release: August 2, 2019
  • Next release: September 4, 2019

New Foreign Direct Investment in the United States, 2018

New Investment by Foreign Direct Investors:
$296.4 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion in 2018, up 8.7 percent from $272.8 billion in 2017.

  • Current release: July 2, 2019
  • Next release: July 2020

Regional Economic Accounts

Gross Domestic Product by State, First Quarter 2019

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2019. The percent change in real GDP in the first quarter ranged from 5.2 percent in West Virginia to 1.2 percent in Hawaii.

  • Current Release: July 25, 2019
  • Next Release: November 7, 2019

Gross Domestic Product by Metropolitan Area, 2017

Real gross domestic product (GDP) increased in 312 out of 383 metropolitan areas in 2017. The percent change in real GDP by metropolitan area ranged from 12.1 percent in Odessa, TX to -7.8 percent in Enid, OK.

  • Current Release: September 18, 2018
  • Next Release: December, 2019

State Personal Income, First Quarter 2019

State personal income increased 3.4 percent at an annual rate in the first quarter of 2019, a deceleration from the 4.1 percent increase in the fourth quarter of 2018. Personal income increased in all states except South Dakota. The percent change in personal income across all states ranged from 5.6 percent in West Virginia to -0.6 percent in South Dakota.

  • Current Release: June 25, 2019
  • Next Release: September 24, 2019
 

Real Personal Income for States and Metropolitan Areas, 2017

Real state personal income grew 2.6 percent in 2017, after increasing 1.5 percent in 2016, 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 4.5 percent in New York to -1.3 percent in North Dakota. Across metropolitan areas, the percent change ranged from 14.8 percent in Midland, MI to -5.9 percent in Enid, OK.

  • Current Release: May 16, 2019
  • Next release: May, 2020

Personal Consumption Expenditures by State, 2017

Average State PCE Growth (2017)
4.3%

State personal consumption expenditures (PCE) increased on average 4.3 percent in 2017, an acceleration from the 3.8 percent increase in 2016. The percent change in PCE across all states ranged from 6.9 percent in Idaho to 2.0 percent in North Dakota.

  • Current Release: October 4, 2018
  • Next release: October 3, 2019