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 2020 (Second Estimate)

Q4 2020 (2nd)
+4.1%
Q3 2020 (3rd)
+33.4%

Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.1 percentage point higher than the “advance” estimate released in January. In the third quarter, real GDP increased 33.4 percent.

  • Current release: February 25, 2021
  • Next release: March 25, 2021

Personal Income and Outlays, January 2021

January 2021
10.0%
December 2020
0.6%

Personal income increased 10.0 percent (monthly rate) while consumer spending increased 2.4 percent in January as provisions of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act enacted on December 27, 2020, began to take effect.

  • Current release: February 26, 2021
  • Next release: March 26, 2021

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, Third Quarter 2020

Q3 2020
-$178.5B
Q2 2020
-$161.4B

The U.S. current account deficit widened by $17.2 billion, or 10.6 percent, to $178.5 billion in the third quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis. The revised second quarter deficit was $161.4 billion. The third quarter deficit was 3.4 percent of current dollar gross domestic product, up from 3.3 percent in the second quarter.

  • Current Release: December 18, 2020
  • Next Release: March 23, 2021

U.S. International Investment Position, Third Quarter 2020

End of 3rd quarter 2020
–$13.95 trillion
End of 2nd quarter 2020
–$13.08 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$13.95 trillion at the end of the third quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.41 trillion and liabilities were $43.36 trillion. At the end of the second quarter, the net investment position was –$13.08 trillion.

  • Current Release: December 29, 2020
  • Next Release: March 31, 2021

U.S. International Trade in Goods and Services, December 2020

December 2020
-$66.6B
November 2020
-$69.0B

The U.S. monthly international trade deficit decreased in December 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $69.0 billion in November (revised) to $66.6 billion in December, as exports increased more than imports. The previously published November deficit was $68.1 billion. The goods deficit decreased $2.8 billion in December to $84.2 billion. The services surplus decreased $0.4 billion in December to $17.5 billion.

  • Current Release: February 5, 2021
  • Next release: March 5, 2021

New Foreign Direct Investment in the United States, 2019

New Investment by Foreign Direct Investors:
$194.7 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $194.7 billion in 2019, down 37.7 percent from $312.5 billion in 2018.

  • Current release: July 1, 2020
  • Next release: July 2021

Regional Economic Accounts

Gross Domestic Product by State, 3rd Quarter 2020

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2020, as real GDP for the nation increased at an annual rate of 33.4 percent. The percent change in real GDP in the third quarter ranged from 52.2 percent in Nevada to 19.2 percent in the District of Columbia.

  • Current Release: December 23, 2020
  • Next Release: March 26, 2021

Personal Income by State, 3rd Quarter 2020

State personal income decreased 10.0 percent at an annual rate in the third quarter of 2020, after increasing 35.8 percent in the second quarter. Personal income decreased in every state and the District of Columbia, ranging from –29.9 percent in West Virginia to –0.6 percent in Georgia.

  • Current Release: December 17, 2020
  • Next Release: March 24, 2021

Personal Income by County and Metropolitan Area, 2019

In 2019, personal income increased in 2,964 counties, decreased in 139, and was unchanged in 10. Personal income increased 4.0 percent in the metropolitan portion of the United States and increased 3.5 percent in the nonmetropolitan portion.

  • Current Release: November 17, 2020
  • Next Release: December 15, 2020

Real Personal Income by State and Metropolitan Area, 2019

Real state personal income grew 2.4 percent in 2019 after increasing 3.1 percent in 2018, according to estimates released today by the Bureau of Economic Analysis (BEA). 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 4.1 percent in Maine to 0.7 percent in Hawaii, Wyoming, and Rhode Island. Across metropolitan areas, the percent change ranged from 7.6 percent in Hanford-Corcoran, CA, to –3.2 percent in Panama City, FL, and Wheeling, WV-OH.

  • Current Release: December 15, 2020
  • Next release: December 14, 2021

Personal Consumption Expenditures by State, 2019

US PCE growth
3.9%

State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont.

  • Current Release: October 8, 2020
  • Next release: October 8, 2021