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 Estimate) and Corporate Profits (Preliminary), First Quarter 2022

Q1 2022 (2nd)
-1.5%
Q4 2021 (3rd)
+6.9%

Real gross domestic product (GDP) decreased at an annual rate of 1.5 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021. The decrease was revised down 0.1 percentage point from the "advance" estimate released in April. In the first quarter, there was a resurgence of COVID-19 cases from the Omicron variant and decreases in government pandemic assistance payments.

  • Current release: May 26, 2022
  • Next release: June 29, 2022

Personal Income and Outlays, March 2022

March 2022
+0.5%
February 2022
+0.7%

Personal income increased $107.2 billion, or 0.5 percent at a monthly rate, while consumer spending increased $185.0 billion, or 1.1 percent, in March. The increase in personal income primarily reflected an increase in compensation. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 6.2 percent in March, compared with 6.8 percent in February.

  • Current release: April 29, 2022
  • Next release: May 27, 2022

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, Fourth Quarter and Year 2021

Q4 2021
-$217.9B
Q3 2021
-$219.9B
Annual 2021
-$821.6B
Annual 2020
-$616.1B

The U.S. current-account deficit narrowed by $2.0 billion, or 0.9 percent, to $217.9 billion in the fourth quarter of 2021, according to statistics released by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $219.9 billion. The fourth-quarter deficit was 3.6 percent of current-dollar gross domestic product, down from 3.8 percent in the third quarter.

  • Current Release: March 24, 2022
  • Next Release: June 23, 2022

U.S. International Investment Position, Fourth Quarter and Year 2021

End of 4th quarter 2021:
–$18.10 trillion
End of 3rd quarter 2021:
–$16.35 trillion
End of year 2021:
–$18.10 trillion
End of year 2020:
–$14.01 trillion

The U.S. net international investment position (IIP), the difference between U.S. residents’ foreign financial assets and liabilities, was –$18.10 trillion at the end of the fourth quarter of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $35.21 trillion, and liabilities were $53.31 trillion. At the end of the third quarter, the net investment position was –$16.35 trillion.

  • Current Release: March 29, 2022
  • Next Release: June 28, 2022

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

March 2022
-$109.8B
February 2022
-$89.8B

The U.S. monthly international trade deficit increased in March 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $89.8 billion in February (revised) to $109.8 billion in March, as imports increased more than exports. The previously published February deficit was $89.2 billion. The goods deficit increased $20.4 billion in March to $128.1 billion. The services surplus increased $0.4 billion in March to $18.3 billion.

  • Current Release: May 4, 2022
  • Next release: June 7, 2022

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, 4th Quarter 2021 and Year 2021 (Preliminary)

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the fourth quarter of 2021, as real GDP for the nation increased at an annual rate of 6.9 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in real GDP in the fourth quarter ranged from 10.1 percent in Texas to –2.3 percent in Iowa.

  • Current Release: March 31, 2022
  • Next Release: June 30, 2022

Personal Income by State, 2021 (Preliminary) and 4th Quarter 2021

State personal income increased 7.4 percent in 2021 after increasing 6.6 percent in 2020. In 2021, increases in earnings, transfer receipts, and property income (dividends, interest, and rent) contributed to personal income growth in all states and the District of Columbia. The percent change in personal income across all states ranged from 9.6 percent in Idaho to 4.5 percent in Vermont.

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