> 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)
- 4th quarter 2016: 2.1 percent
- 3rd quarter 2016: 3.5 percent
April 28, 2017
Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2016 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter of 2016, real GDP increased 3.5 percent.
- February 2017: 0.4 percent (personal income)
- January 2017: 0.5 percent (personal income)
May 1, 2017
In February 2017, real disposable personal income increased 0.2 percent.
Industry Economic Accounts
Quarterly Industry Accounts: GDP by Industry
Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2016. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 19 of 22 industry groups contributed to the overall 2.1 percent increase in real GDP in the fourth quarter.
International Economic Accounts
U.S. Balance of Payments (International Transactions)
Current Account Balance:
- 4th quarter 2016: -$112.4 billion
- 3rd quarter 2016: -$116.0 billion
- Annual 2016: -$481.2 billion
- Annual 2015: -$463.0 billion
June 20, 2017
The U.S. current-account deficit decreased $3.6 billion to $112.4 billion (preliminary) in the fourth quarter of 2016. For the year 2016, the current-account deficit increased $18.2 billion to $481.2 billion (preliminary).
International Investment Position
Net International Investment Position at End of Period:
- End of 4th quarter 2016: -$8,109.7 billion
- End of 3rd quarter 2016: -$7,807.3 billion
- End of Year 2016: -$8,109.7 billion
- End of Year 2015: -$7,280.6 billion
June 28, 2017
The U.S. net international investment position decreased to -$8,109.7 billion (preliminary) at the end of the fourth quarter of 2016 from -$7,807.3 billion (revised) at the end of the third quarter, according to statistics released today by the Bureau of Economic Analysis (BEA).
International Trade in Goods and Services
- February 2017: -$43.6 billion
- January 2017: -$48.2 billion
May 4, 2017
Total February exports of $192.9 billion and imports of $236.4 billion resulted in a goods and services deficit of $43.6 billion.
New Foreign Direct Investment in the United States
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion. In 2015, as in 2014, the majority of the expenditures were to acquire existing businesses. In 2015, expenditures for acquisitions were $408.1 billion. Expenditures to establish new U.S. businesses were $11.2 billion, and expenditures to expand existing foreign-owned businesses were $1.4 billion. Planned total expenditures, which include both actual and planned future expenditures, totaled $439.2 billion.
Regional Economic Accounts
Gross Domestic Product (GDP) by State
May 11, 2017
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the third quarter of 2016, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth ranged from 7.1 percent in South Dakota to -0.1 percent in New Mexico. Finance and insurance; wholesale trade; and information were the leading contributors to U.S. economic growth in the third quarter.
Gross Domestic Product (GDP) by Metropolitan Area
Real gross domestic product (GDP) increased in 292 metropolitan areas in 2015, led by growth in professional and business services; wholesale and retail trade; and finance, insurance, real estate, rental and leasing. Collectively, real GDP for U. S. metropolitan areas increased 2.5 percent in 2015 after increasing 2.3 percent in 2014.
State Personal Income (SPI)
June 27, 2017
State personal income grew 0.9 percent on average in the fourth quarter of 2016, down from 1.1 percent growth in the third quarter. Growth rates ranged from -0.1 percent in Nevada to 1.4 percent in Utah and California.
Annual data: State personal income grew on average 3.6 percent in 2016, after increasing 4.5 percent in 2015. Growth of state personal income ranged from -1.7 percent in Wyoming to 5.9 percent in Nevada.
Local Area Personal Income
November 16, 2017
Local area data:
Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion. Personal income growth in 2015 ranged from -30.3 percent in Sully County, South Dakota to 35.0 percent in Loving County, Texas.
Local Area Data
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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 2.9 percent in 2014. 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 4.4 percent in 2014. In 2014, the U.S. PCE price index grew 1.4 percent.
Personal Consumption Expenditures by State
Growth in state personal consumption expenditures (PCE) - the measure of goods and services purchased by or on behalf of households - decelerated to 3.6 percent on average in 2015 from 4.4 percent in 2014. In 2015, PCE growth ranged from 1.5 percent in Wyoming to 5.0 percent in Florida.