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 (Second Estimate), Corporate Profits (Preliminary Estimate), First Quarter 2023

Q1 2023 (2nd)
+1.3%
Q4 2022 (3rd)
+2.6%

Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the “second” estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The GDP estimate for the first quarter was revised up 0.2 percentage point from the “advance” estimate, primarily reflecting an upward revision to inventory investment.

Profits decreased 5.1 percent at a quarterly rate in the first quarter after decreasing 2.0 percent in the fourth quarter.

  • Current release: May 25, 2023
  • Next release: June 29, 2023
Personal Income and Outlays, April 2023
Personal Income and Outlays, April 2023
susanne.palacios Fri, 05/26/2023 - 08:30
April 2023
+0.4%
March 2023
+0.3%

Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April. Disposable personal income (DPI) increased $79.4 billion (0.4 percent). Personal outlays increased $156.0 billion (0.8 percent) and consumer spending increased $151.7 billion (0.8 percent). Personal saving was $802.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.1 percent in April.

  • Current release: May 26, 2023
  • Next release: June 30, 2023

Personal Income and Outlays, April '23 CHART

Month-to-Month Change in Personal Income, Outlays, and Saving

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, 4th Quarter and Year 2022

End of 4th quarter 2022:
-$16.12 trillion
End of 3rd quarter 2022:
-$16.84 trillion
End of year 2022:
-$16.12 trillion
End of year 2021:
-$18.12 trillion

The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$16.12 trillion at the end of the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of the third quarter, the net investment position was -$16.84 trillion (revised).

  • Current Release: March 29, 2023
  • Next Release: June 28, 2023

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

March 2023
-$64.2 B
February 2023
-$70.6 B

The U.S. monthly international trade deficit decreased in March 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $70.6 billion in February (revised) to $64.2 billion in March as exports increased and imports decreased. The goods deficit decreased $6.4 billion in March to $86.6 billion. The services surplus decreased less than $0.1 billion in March to $22.4 billion.

  • Current Release: May 4, 2023
  • Next release: June 7, 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, 4th Quarter 2022 and Year 2022

Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the fourth quarter of 2022, with the percent change in real GDP ranging from 7.0 percent in Texas to –4.3 percent in South Dakota.

Personal income increased in 48 states and the District of Columbia in the fourth quarter, with the percent change ranging from 15.3 percent in Massachusetts to –2.5 percent in Colorado.

  • Current Release: March 31, 2023
  • Next Release: June 30, 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
+12.7%

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