> U.S. Economy at a Glance: Perspective from the BEA Accounts
U.S. Economy at a Glance: 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 (GDP)
- 2nd quarter 2015: 3.7 percent
- 1st quarter 2015: 0.6 percent
September 25, 2015
Real gross domestic product -- the value of the goods and services produced by the nation's economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 3.7 percent in the second quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6 percent.
- July 2015: 0.4 percent (personal income)
- June 2015: 0.4 percent (personal income)
September 28, 2015
In July 2015, real disposable personal income increased 0.4 percent.
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Industry Economic Accounts:
Quarterly Industry Accounts: GDP by Industry
A deceleration in nondurable goods manufacturing and downturns in both professional, scientific, and technical services and wholesale trade were the leading contributors to the downturn in U.S. economic growth in the first quarter of 2015, according to statistics on the breakout of GDP by industry released today by the Bureau of Economic Analysis (BEA). Overall, 15 of 22 industry groups contributed to the downturn in the first quarter.
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International Economic Accounts:
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 1st quarter 2015: -$113.3 billion
- 4th quarter 2014: -$103.1 billion
September 17, 2015
The U.S. current-account deficit increased $10.2 billion to $113.3 billion (preliminary) in the first quarter of 2015.
International Investment Position
Net International Investment Position at End of Period:
- End of 1st quarter 2015: -$6,794.0 billion
- End of 4th quarter 2014: -$7,019.7 billion
- End of Year 2014: -$7,019.7 billion
- End of Year 2013: -$5,327.5 billion
September 29, 2015
The U.S. net international investment position at the end of the first quarter of 2015 was -$6,794.0 billion (preliminary), as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2014, the net position was -$7,019.7 billion (revised).
International Trade in Goods and Services
- July 2015: -$41.9 billion
- June 2015: -$45.2 billion
October 6, 2015
Total July exports of $188.5 billion and imports of $230.4 billion resulted in a goods and services deficit of $41.9 billion.
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Regional Economic Accounts:
Quarterly Gross Domestic Product (GDP) by State
December 10, 2015
Today, the U.S. Bureau of Economic Analysis (BEA) is releasing prototype quarterly gross domestic product (GDP) by state statistics for 2005–2014. The new data are intended to provide a fuller description of the accelerations, decelerations, and turning points in economic growth at the state level, including key information about the impact of industry composition differences across states. Relative to the August 2014 release, the new prototype statistics incorporate new and revised source data and cover an additional year of economic activity.
Gross Domestic Product (GDP) by Metropolitan Area
Real GDP increased in 292 of the nation's 381 metropolitan areas in 2013, led by widespread growth in finance, insurance, real estate, rental, and leasing, nondurable-goods manufacturing, and professional and business services, according to new statistics released today by the U.S. Bureau of Economic Analysis. Natural resources and mining also spurred strong growth in several metropolitan areas. Collectively, real GDP for U.S. metropolitan areas increased 1.7 percent in 2013 after increasing 2.6 percent in 2012.
State Personal Income (SPI)
September 30, 2015
State personal income grew 0.9 percent on average in the first quarter of 2015, after growing 1.1 percent in the fourth quarter of 2014. The fastest growth, 1.3 percent, was in Florida. Personal income fell in four states, with the largest decline, 1.2 percent, in Iowa.
Local Area Personal Income
July 1, 2015
Local area data:
Personal income grew in 2013 in 2,695 counties, fell in 390, and was unchanged in 28. The percent change from 2012 to 2013 in personal income ranged from -35.0 percent in LaMoure County, North Dakota to 32.3 percent in Greeley County, Kansas.
Real Personal Income for States and Metropolitan Areas
State and Metropolitan area data:
Real personal income across all regions rose by an average of 0.8 percent in 2013. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 2.0 percent in 2013. In 2013, the U.S. PCE price index grew 1.2 percent.
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