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 2021 (Second Estimate); Corporate Profits, 2nd Quarter 2021 (Preliminary Estimate)

Q2 2021 (2nd)
+6.6%
Q1 2021 (3rd)
+6.3%

Real gross domestic product (GDP) increased at an annual rate of 6.6 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was revised up 0.1 percentage point from the “advance” estimate released in July. In the second quarter, government assistance payments in the form of loans to businesses and grants to state and local governments increased, while social benefits to households, such as the direct economic impact payments, declined. In the first quarter of 2021, real GDP increased 6.3 percent.

  • Current release: August 26, 2021
  • Next release: September 30, 2021

Personal Income and Outlays, July 2021

July 2021
1.1%
June 2021
0.2%

Personal income increased $225.9 billion, or 1.1 percent at a monthly rate, while consumer spending increased $42.2 billion, or 0.3 percent, in July. Compensation increased and new advance Child Tax Credit payments, authorized by the American Rescue Plan, began in July.

  • Current release: August 27, 2021
  • Next release: October 1, 2021

International Economic Accounts

U.S. International Transactions, Second Quarter 2021

Q2 2021
-$190.3B
Q1 2021
-$189.4B

The U.S. current account deficit widened by $0.9 billion, or 0.5 percent, to $190.3 billion in the second quarter of 2021, according to statistics from the U.S. Bureau of Economic Analysis. The revised first quarter deficit was $189.4 billion. The second quarter deficit was 3.3 percent of current dollar gross domestic product, down from 3.4 percent in the first quarter.

  • Current Release: September 21, 2021
  • Next Release: December 21, 2021

U.S. International Investment Position, First Quarter 2021, Year 2020, and Annual Update

End of 1st quarter 2021:
-$14.32 trillion
End of 4th quarter 2020:
-$14.01 trillion
End of year 2020:
-$14.01 trillion
End of year 2019:
-$11.23 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$14.32 trillion at the end of the first quarter of 2021, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.81 trillion and liabilities were $47.13 trillion. At the end of the fourth quarter of 2020, the net investment position was –$14.01 trillion.

  • Current Release: June 30, 2021
  • Next Release: September 28, 2021

U.S. International Trade in Goods and Services, July 2021

July 2021
-$70.1B
June 2021
-$73.2B

The U.S. monthly international trade deficit decreased in July 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $73.2 billion in June (revised) to $70.1 billion in July, as exports increased and imports decreased. The previously published June deficit was $75.7 billion. The goods deficit decreased $5.5 billion in July to $87.7 billion. The services surplus decreased $2.4 billion in July to $17.7 billion

  • Current Release: September 2, 2021
  • Next release: October 5, 2021

New Foreign Direct Investment in the United States, 2020

New Investment by Foreign Direct Investors:
$120.7 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $120.7
billion in 2020, down 45.4 percent from $221.2 billion in 2019.

  • Current release: July 1, 2021
  • Next release: July 2022

Regional Economic Accounts

Gross Domestic Product by State, 1st Quarter 2021

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2021, as real GDP for the nation increased at an annual rate of 6.4 percent. The percent change in real GDP in the first quarter ranged from 10.9 percent in Nevada to 2.9 percent in the District of Columbia.

  • Current Release: June 25, 2021
  • Next Release: October 1, 2021

Personal Income by State, 2nd Quarter 2021

State personal income decreased 21.8 percent at an annual rate in the second quarter of 2021 after increasing 56.9 percent in the first quarter. In the second quarter of 2021, the decrease in transfer receipts was the leading contributor to personal income declines in all 50 states and the District of Columbia. The percent change in personal income across all states ranged from -10.1 percent in the District of Columbia to -34.0 percent in West Virginia.

  • Current Release: September 23, 2021
  • Next Release: December 17, 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: November 16, 2021

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