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Bureau of Economic Analysis
The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA’s national, regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from innovative and advancing technologies, and provides recommendations from the perspectives of the economics profession, business, and government.

BEA

Personal Income and Outlays, April 2020

Personal income increased $1.97 trillion (10.5 percent) in April according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $2.13 trillion (12.9 percent) and personal consumption expenditures (PCE) decreased $1.89 trillion (13.6 percent). Real DPI increased 13.4 percent in April and Real PCE decreased 13.2 percent (tables 5 and 7). The PCE price index decreased 0.5 percent (table 9). Excluding food and energy, the PCE...

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Gross Domestic Product, 1st Quarter 2020 (Second Estimate); Corporate Profits, 1st Quarter 2020 (Preliminary Estimate)

Real gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the decrease in real GDP was 4.8 percent. With the second estimate, a downward...

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Real Personal Income by State and Metropolitan Area, 2018

Real state personal income grew 3.4 percent in 2018, after increasing 2.9 percent in 2017, according to estimates released today by the Bureau of Economic Analysis. 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 6.7 percent in Wyoming to 0.9 percent in Mississippi (table 1). Across metropolitan areas,...

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U.S. International Trade in Goods and Services, March 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $44.4 billion in March, up $4.6 billion from $39.8 billion in February, revised. U.S. International Trade in Goods and Services Deficit Deficit: $44.4 Billion +11.6%° Exports: $187.7 Billion -9.6%° Imports: $232.2 Billion -6.2%° Next release: June 4, 2020 (°) Statistical significance is not applicable or not measurable. Data adjusted for...

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Personal Income and Outlays, March 2020

Personal income decreased $382.1 billion (2.0 percent) in March according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $334.6 billion (2.0 percent) and personal consumption expenditures (PCE) decreased $1,127.3 billion (7.5 percent). Real DPI decreased 1.7 percent in March and Real PCE decreased 7.3 percent (tables 5 and 7). The PCE price index decreased 0.3 percent. Excluding food and energy, the PCE price index...

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Gross Domestic Product, 1st Quarter 2020 (Advance Estimate)

Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the first quarter, based...

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Gross Domestic Product by State, 4th Quarter and Year 2019 (Preliminary)

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019, 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 3.4 percent in Washington and Utah to -0.1 percent in West Virginia (table 1). Retail trade; finance and insurance; government; and utilities were the leading contributors to the increase in real GDP nationally (table 2). Retail...

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Gross Domestic Product by Industry, 4th Quarter and Year 2019

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019, according to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis. An increase in private services-producing industries was partly offset by a slight decrease in goods-producing industries; the government sector increased. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in...

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U.S. International Trade in Goods and Services, February 2020

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $39.9 billion in February, down $5.5 billion from $45.5 billion in January, revised. U.S. International Trade in Goods and Services Deficit Deficit: $39.9 Billion -12.2%° Exports: $207.5 Billion -0.4%° Imports: $247.5 Billion -2.5%° Next release: May 5, 2020 (°) Statistical significance is not applicable or not measurable. Data adjusted...

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U.S. International Investment Position, 4th Quarter and Year 2019

Fourth Quarter The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.99 trillion at the end of the fourth quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.32 trillion and liabilities were $40.31 trillion. At the end of the third quarter, the net investment position was –$10.98 trillion (Table 1).  The –$14.1 billion change in the net...

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