Current economic news united states

An reputable internet site of the choices United States government

Main navigation

Finance news

Perspective from the choices BEA Accounts

BEA produces some of the choices maximum carefully watched financial information that impact choices of government officials, business human beings, and people. These statistics offer a comprehensive, updated picture of the U.S. financial system. The statistics on this page are drawn from featured BEA monetary accounts.

National Economic Accounts

Personal profits decreased $414.3 billion, or 2.zero percent at a month-to-month price, while client spending elevated $2.nine billion, or less than 0.1 percentage, in May. The lower in private income meditated declines in pandemic-related assistance packages.

Industry Economic Accounts

The U.S. cutting-edge account deficit widened by means of $20.7 billion, or eleven.8 percent, to $195.7 billion within the first quarter of 2021, consistent with data from the U.S. Bureau of Economic Analysis. The revised fourth zone deficit was $175.1 billion. The first sector deficit became 3.6 percentage of cutting-edge greenback gross home product, up from 3.three percent inside the fourth sector.

U.S. International Investment Position, First Quarter 2021, Year 2020, and Annual Update

The U.S. internet global investment position, the choices difference between U.S. citizens’ overseas financial property and liabilities, become –$14.32 trillion at the stop of the first quarter of 2021, in step with information released by using the choices U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.81 trillion and liabilities had been $forty seven.thirteen trillion. At the end of the fourth sector of 2020, the net funding function changed into –$14.01 trillion.

U.S. International Trade in Goods and Services, May 2021

Expenditures with the aid of overseas direct traders to gather, establish, or expand U.S. corporations totaled $a hundred and twenty.7 billion in 2020, down 45.4 percent from $221.2 billion in 2019.

Regional Economic Accounts

Real gross home product (GDP) elevated in all 50 states and the choices District of Columbia in the first region of 2021, as actual GDP for the state elevated at an annual fee of 6.four percentage. The percent alternate in real GDP inside the first region ranged from 10.nine percentage in Nevada to 2.nine percent inside the District of Columbia.

Personal Income with the aid of State, 1st Quarter 2021

State private earnings elevated fifty nine.7 percentage at an annual rate inside the first area of 2021 after lowering 3.nine percentage in the fourth sector of 2020. In the choices first quarter of 2021, the increase in switch receipts was the leading contributor to private profits boom in all states and the choices District of Columbia. The percentage exchange in personal income ranged from 89.3 percent in Mississippi to 31.1 percentage in the District of Columbia.

Personal Income through County and Metropolitan Area, 2019

In 2019, private profits expanded in 2,964 counties, reduced in 139, and become unchanged in 10. Personal earnings accelerated 4.zero percentage within the metropolitan portion of the United States and multiplied 3.five percent in the nonmetropolitan element.

Real Personal Income by means of State and Metropolitan Area, 2019

Real kingdom personal profits grew 2.4 percentage in 2019 after increasing three.1 percentage in 2018, according to estimates launched today by the Bureau of Economic Analysis (BEA). Real nation private earnings is a nation's cutting-edge-dollar personal income adjusted via the kingdom's nearby price parity and the choices national private consumption fees fee index. The percent trade in actual country private income ranged from 4.1 percent in Maine to zero.7 percent in Hawaii, Wyoming, and Rhode Island. Across metropolitan regions, the percentage trade ranged from 7.6 percent in Hanford-Corcoran, CA, to –three.2 percent in Panama City, FL, and Wheeling, WV-OH.

Personal Consumption Expenditures by State, 2019

State non-public intake fees (PCE) expanded 3.nine percent in 2019, a deceleration from the 4.nine percent increase in 2018. The percent alternate in PCE across all states ranged from five.7 percent in Utah to at least one.eight percentage in Vermont.