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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)
Current Numbers:
  • 4th quarter 2015: 0.7 percent
  • 3rd quarter 2015: 2.0 percent
Next release: February 26, 2016
Quarterly data: 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 0.7 percent in the fourth quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.

Personal Income
Current Numbers:
  • December 2015: 0.3 percent (personal income)
  • November 2015: 0.3 percent (personal income)
Next release: February 26, 2016
Monthly data: In December 2015, real disposable personal income increased 0.4 percent.

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Industry Economic Accounts:

Quarterly Industry Accounts: GDP by Industry
Quarterly Data: Retail trade; health care and social assistance; and agriculture, forestry, fishing, and hunting were the leading contributors to the increase in U.S. economic growth in the third quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 15 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the third quarter.
Real GDP and Real Value Added

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Real Value Added by Industry

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International Economic Accounts:

U.S. Balance of Payments (International Transactions)
Current Account Balance:
  • 3rd quarter 2015: -$124.1 billion
  • 2nd quarter 2015: -$111.1 billion
Next release: March 17, 2016
Quarterly data: The U.S. current-account deficit increased $13.0 billion to $124.1 billion (preliminary) in the third quarter of 2015.
Quarterly Data
Quarterly Data Graph of U.S. Current-Account Transactions
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International Investment Position
Net International Investment Position at End of Period:
  • End of 3rd quarter 2015: -$7,269.8 billion
  • End of 2nd quarter 2015: -$6,743.1 billion
Next release: March 31, 2016
Quarterly data: The U.S. net international investment position at the end of the third quarter of 2015 was -$7,269.8 billion (preliminary), as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the second quarter of 2015, the net position was -$6,743.1 billion (revised).
Quarterly DataGraph of U.S. Net International Investment Position at End of Quarter
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International Trade in Goods and Services
Trade Balance:
  • December 2015: -$43.4 billion
  • November 2015: -$42.2 billion
Next release: March 4, 2016
Monthly: Total December exports of $181.5 billion and imports of $224.9 billion resulted in a goods and services deficit of $43.4 billion.
Monthly Data Monthly Graph of Balance on Goods and Services Trade
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Annual Data Annual Graph of Balance on Goods and Services Trade
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New Foreign Direct Investment in the United States
Next release: Summer 2016
Annual Data: Expenditures by foreign direct investors for new investment—that is, to acquire, establish, or expand U.S. businesses—totaled $241.3 billion in 2014, according to the Bureau of Economic Analysis (BEA) in statistics released today. Acquisitions accounted for most of the investment.
Annual Data New Foreign Direct Investment in the United States
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Regional Economic Accounts:

Gross Domestic Product (GDP) by State
Next release: March 2, 2016
Quarterly Data: Real gross domestic product (GDP) increased in 46 states and the District of Columbia in the second quarter of 2015. Overall, U.S. real GDP by state grew at an annual rate of 3.8 percent in the second quarter of 2015 after increasing 0.7 percent in the first quarter of 2015. Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to real U.S. economic growth in the second quarter.

Gross Domestic Product (GDP) by Metropolitan Area
Next release: September 2016
Annual data: Real GDP increased in 282 of the nation's 381 metropolitan areas in 2014, led by growth in several industry groups: professional and business services, wholesale and retail trade, and the group of finance, insurance, real estate, rental, and leasing. Natural resources and mining remained a strong contributor to growth in several metropolitan areas. Collectively, real GDP for U. S. metropolitan areas increased 2.3 percent in 2014 after increasing 1.9 percent in 2013.

State Personal Income (SPI)
Next release: March 24, 2016
Quarterly data: State personal income grew 1.3 percent on average in the third quarter of 2015, the same pace as in the second quarter. Personal income grew in every state with third-quarter personal income growth rates ranging from 0.6 percent in Alaska to 2.2 percent in Nebraska and South Dakota.
Quarterly DataMap of Quarterly State Personal Income
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Local Area Personal Income
Next release: November 17, 2016
Local area data: Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13. The percent change from 2013 to 2014 in personal income ranged from -35.1 percent in Wallace County, Kansas to 83.7 percent in McPherson County, Nebraska.

Local Area DataMap of Local Area Personal Income
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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.

State and Metropolitan Area DataMap of State and Metropolitan Area Data
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Personal Consumption Expenditures by State
Annual data: Today, the U.S. Bureau of Economic Analysis released its first set of official statistics on personal consumption expenditures (PCE) by state for 1997-2014. Across all states, the growth in total PCE by state accelerated to 4.2 percent in 2014 from 3.1 percent in 2013. In 2014, growth in total PCE ranged from 2.1 percent in West Virginia to 7.4 percent in North Dakota, with more than 40 states growing faster than in 2013.

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