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), GDP by Industry, and Corporate Profits (Revised), 1st Quarter 2021

Q1 2021 (3rd)
+6.4%
Q4 2020 (3rd)
+4.3%

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. The increase was the same rate as the “second” estimate released in May. In the first quarter, government assistance payments, such as direct economic impact payments, expanded unemployment benefits, and Paycheck Protection Program loans were distributed to households and businesses through the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan Act. In the fourth quarter of 2020, real GDP increased 4.3 percent.

  • Current release: June 24, 2021
  • Next release: July 29, 2021

Personal Income and Outlays, April 2021

April 2021
-13.1%
March 2021
20.9%

Personal income decreased $3.21 trillion, or 13.1 percent at a monthly rate, while consumer spending increased $80.3 billion, or 0.5 percent, in April. Economic impact payments established by the American Rescue Plan Act, declined sharply in April.

  • Current release: May 28, 2021
  • Next release: June 25, 2021

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, First Quarter 2021 and Annual Update

Q1 2021
-$195.7
Q4 2020
-$175.1

The U.S. current account deficit widened by $20.7 billion, or 11.8 percent, to $195.7 billion in the first quarter of 2021, according to statistics from the U.S. Bureau of Economic Analysis. The revised fourth quarter deficit was $175.1 billion. The first quarter deficit was 3.6 percent of current dollar gross domestic product, up from 3.3 percent in the fourth quarter.

  • Current Release: June 23, 2021
  • Next Release: September 21, 2021

U.S. International Investment Position, Fourth Quarter and Year 2020

End of 4th quarter 2020
–$14.09 trillion
End of 3rd quarter 2020
–$13.86 trillion
End of year 2020
–$14.09 trillion
End of year 2019
–$11.05 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$14.09 trillion at the end of the fourth quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.16 trillion and liabilities were $46.25 trillion. At the end of the third quarter, the net investment position was –$13.86 trillion.

  • Current Release: March 31, 2021
  • Next Release: June 30, 2021

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

April 2021
-$68.9B
March 2021
-$75.0B

The U.S. monthly international trade deficit decreased in April 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $75.0 billion in March (revised) to $68.9 billion in April, as exports increased and imports decreased. The previously published March deficit was $74.4 billion. The goods deficit decreased $6.2 billion in April to $86.7 billion. The services surplus decreased $0.1 billion in April to $17.8 billion.

  • Current Release: June 8, 2021
  • Next release: July 2, 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, 4th Quarter 2020 and Annual 2020 (Preliminary)

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4.3 percent. The percent change in real GDP in the fourth quarter ranged from 9.9 percent in South Dakota to 1.2 percent in the District of Columbia.

  • Current Release: March 26, 2021
  • Next Release: June 25, 2021

Personal Income by State, 1st Quarter 2021

State personal income increased 59.7 percent at an annual rate in the first quarter of 2021 after decreasing 3.9 percent in the fourth quarter of 2020. In the first quarter of 2021, the increase in transfer receipts was the leading contributor to personal income growth in all states and the District of Columbia. The percent change in personal income ranged from 89.3 percent in Mississippi to 31.1 percent in the District of Columbia.

  • Current Release: June 22, 2021
  • Next Release: September 23, 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