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 (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Second Quarter 2024 and Annual Update

Q2 2024 (3rd)
+3.0%
Q1 2024 (3rd)
+1.6%

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "third" estimate. In the first quarter, real GDP increased 1.6 percent (revised). The second-quarter increase in real GDP was the same as previously estimated in the "second" estimate released in August. The increase in the second quarter primarily reflected increases in consumer spending, inventory investment, and business investment. Imports, which are a subtraction in the calculation of GDP, increased.

  • Current release: September 26, 2024
  • Next release: October 30, 2024

Personal Income and Outlays, August 2024

August
+0.2%
July
+0.3%

Personal income increased $50.5 billion (0.2 percent at a monthly rate) in August. Disposable personal income (DPI)—personal income less personal current taxes— increased $34.2 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $48.3 billion (0.2 percent) and consumer spending increased $47.2 billion (0.2 percent). Personal saving was $1.05 trillion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.8 percent in August.

  • Current release: September 27, 2024
  • Next release: October 31, 2024

International Economic Accounts

U.S. International Transactions, 2nd Quarter 2024

Q2 2024
-$266.8 B
Q1 2024
-$241.0 B

The U.S. current-account deficit widened by $25.8 billion, or 10.7 percent, to $266.8 billion in the second quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $241.0 billion. The second-quarter deficit was 3.7 percent of current-dollar gross domestic product, up from 3.4 percent in the first quarter.

  • Current Release: September 19, 2024
  • Next Release: December 18, 2024

U.S. International Investment Position, 2nd Quarter 2024

End of 2nd quarter 2024
-$22.52 trillion
End of 1st quarter 2024
-$21.29 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$22.52 trillion at the end of the second quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $36.00 trillion, and liabilities were $58.52 trillion. At the end of the first quarter, the net investment position was -$21.29 trillion (revised).

  • Current Release: September 25, 2024
  • Next Release: December 27, 2024

U.S. International Trade in Goods and Services, July 2024

July 2024
-$78.8 B
June 2024
-$73.0 B

The U.S. goods and services trade deficit increased in July 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $73.0 billion in June (revised) to $78.8 billion in July, as imports increased more than exports. The goods deficit increased $5.6 billion in July to $103.1 billion. The services surplus decreased $0.2 billion in July to $24.3 billion.

  • Current Release: September 4, 2024
  • Next release: October 8, 2024

New Foreign Direct Investment in the United States, 2023

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023 (chart 1), according to preliminary statistics released today by the U.S. Bureau of Economic Analysis. Expenditures decreased $57.4 billion, or 28 percent, from $206.2 billion (revised) in 2022 and were below the annual average of $265.6 billion for 2014–2022. As in previous years, acquisitions of existing U.S. businesses accounted for most of the expenditures.

  • Current release: July 12, 2024
  • Next release: July 2025

Regional Economic Accounts

Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2024

Real gross domestic product increased in 49 states and the District of Columbia in the second quarter of 2024, with the percent change ranging from 5.9 percent at an annual rate in Idaho to –1.1 percent in Alaska.

  • Current Release: September 27, 2024
  • Next Release: December 20, 2024

Personal Income by County and Metropolitan Area, 2022

In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.

  • Current Release: November 16, 2023
  • Next Release: November 14, 2024

Personal Consumption Expenditures by State, 2023

US PCE growth
+6.4%

Personal consumption expenditures (PCE) increased in all 50 states and the District of Columbia in 2023. The percent change ranged from 8.1 percent in Florida to 4.7 percent in Iowa. Nationally, current-dollar PCE increased 6.4 percent in 2023 after increasing 9.8 percent in 2022.

  • Current Release: October 3, 2024
  • Next release: September 26, 2025