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 Quarter 2022 (Advance Estimate)

Q2 2022 (Adv)
-0.9%
Q1 2022 (3rd)
-1.6%

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending.

  • Current release: July 28, 2022
  • Next release: August 25, 2022

Personal Income and Outlays, June 2022

June 2022
+0.6%
May 2022
+0.6%

Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in June, compared with 5.5 percent in May.

  • Current release: July 29, 2022
  • Next release: August 26, 2022

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, First Quarter 2022 and Annual Update

Q1 2022
-$291.4B
Q4 2021
-$224.8B

The U.S. current-account deficit widened by $66.6 billion, or 29.6 percent, to $291.4 billion in the first quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $224.8 billion. The first-quarter deficit was 4.8 percent of current-dollar gross domestic product, up from 3.7 percent in the fourth quarter.

  • Current Release: June 23, 2022
  • Next Release: September 22, 2022

U.S. International Investment Position, First Quarter 2022 and Annual Update

End of 1st quarter 2022:
-$17.75 trillion
End of 4th quarter 2021:
-$18.12 trillion

The U.S. net international investment position (IIP), the difference between U.S. residents’ foreign financial assets and liabilities, was -$17.75 trillion at the end of the first quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $34.00 trillion, and liabilities were $51.75 trillion. At the end of the fourth quarter of 2021, the net investment position was -$18.12 trillion.

  • Current Release: June 28, 2022
  • Next Release: September 28, 2022

U.S. International Trade in Goods and Services, June 2022

June 2022
-$79.6B
May 2022
-$84.9B

The U.S. monthly international trade deficit decreased in June 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $84.9 billion in May (revised) to $79.6 billion in June, as exports increased and imports decreased. The previously published May deficit was $85.5 billion. The goods deficit decreased $4.9 billion in June to $99.5 billion. The services surplus increased $0.3 billion in June to $19.9 billion.

  • Current Release: August 4, 2022
  • Next release: September 7, 2022

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, 1st Quarter 2022

Real gross domestic product (GDP) decreased in 46 states and the District of Columbia in the first quarter of 2022, as real GDP for the nation decreased at an annual rate of 1.6 percent. The percent change in real GDP in the first quarter ranged from 1.2 percent in New Hampshire to –9.7 percent in Wyoming.

  • Current Release: June 30, 2022
  • Next Release: September 30, 2022

Personal Income by State, 1st Quarter 2022

State personal income increased 4.8 percent at an annual rate in the first quarter of 2022 after increasing 3.6 percent in the fourth quarter of 2021.  The percent change in personal income across all states ranged from 8.5 percent in South Dakota to 1.3 percent in Hawaii.

  • Current Release: June 22, 2022
  • Next Release: September 30, 2022

Personal Income by County and Metropolitan Area, 2020

In 2020, personal income increased in 3,040 counties, decreased in 69, and was unchanged in 3. Personal income increased 6.4 percent in the metropolitan portion of the United States and increased 7.6 percent in the nonmetropolitan portion. Personal income estimates were impacted by the response to the spread of COVID-19, as governments issued and lifted “stay-at-home” orders. The full economic effects of the COVID-19 pandemic cannot be quantified in the local area personal income estimates, because the impacts are generally embedded in source data and cannot be separately identified.

  • Current Release: November 16, 2021
  • Next Release: November 16, 2022

Personal Consumption Expenditures by State, 2020

US PCE growth
-2.6%

State personal consumption expenditures (PCE) decreased 2.6 percent in 2020 after increasing 3.7 percent in 2019. The percent change in PCE across all 50 states and the District of Columbia ranged from 1.2 percent in Idaho and Utah to –5.8 percent in the District of Columbia.

  • Current Release: October 8, 2021
  • Next release: October 6, 2022