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U.S. Economy at a Glance

Perspective from the BEA Accounts

National Economic Accounts

Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, Third Quarter 2023

Personal Income and Outlays, November 2023

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.

 U.S. Economy at a Glance Table (/news/glance/glance.xlsx)

Q3 2023 (3rd) +4.9%

Q2 2023 +2.1%

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023,

according to the “third” estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third

quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

Profits increased 3.4 percent at a quarterly rate in the third quarter after increasing 0.2 percent in the second

quarter.

In the third quarter, the value added of private goods-producing industries increased 10.2 percent, private services-producing industries increased 4.1 percent, and government increased 2.0 percent. Overall, 14 of 22

industry groups contributed to the third-quarter increase in real GDP.

 Current Release (/news/2023/gross-domestic-product-third-estimate-corporate-profits-revised-estimate-and-gdp)

Current release: December 21, 2023 Next release: January 25, 2024

Quick Guide: GDP Releases (/system/files/2020-08/quick-guide-gdp.pdf)

November 2023 +0.4%

Industry Economic Accounts

International Economic Accounts

U.S. International Transactions, 3rd Quarter 2023

U.S. International Investment Position, 2nd Quarter 2023

October 2023 +0.3%

Personal income increased $81.6 billion (0.4 percent at a monthly rate) in November. Disposable personal income

(DPI)—personal income less personal current taxes—increased $71.9 billion (0.4 percent). Personal outlays—the

sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer

payments—increased $47.8 billion (0.2 percent) and consumer spending increased $46.7 billion (0.2 percent).

Personal saving was $839.8 billion and the personal saving rate—personal saving as a percentage of disposable

personal income—was 4.1 percent in November.

 Current Release (/news/2023/personal-income-and-outlays-november-2023)

Current release: December 22, 2023 Next release: January 26, 2024

Quick Guide: Personal Income and Outlays Releases (/system/files/2020-08/quick-guide-pi.pdf)

Q3 2023 -$200.3 B

Q2 2023 -$216.8 B

The U.S. current-account deficit narrowed by $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter

deficit was $216.8 billion. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down

from 3.2 percent in the second quarter.

 Current Release (/news/2023/us-international-transactions-3rd-quarter-2023)

Current Release: December 20, 2023 Next Release: March 21, 2024

End of 2nd quarter 2023: -$18.00 trillion

End of 1st quarter 2023: -$16.74 trillion

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was -$18.00 trillion at the end of the second quarter of 2023, according to statistics released today by

the U.S. Bureau of Economic Analysis (BEA). Assets totaled $33.58 trillion, and liabilities were $51.58 trillion. At

the end of the first quarter, the net investment position was -$16.74 trillion (revised).

 Current Release (/news/2023/us-international-investment-position-2nd-quarter-2023)

U.S. International Trade in Goods and Services, October 2023

New Foreign Direct Investment in the United States, 2022

Regional Economic Accounts

Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2023

Current Release: September 27, 2023 Next Release: December 28, 2023

October 2023 -$64.3 B

September 2023 -$61.2 B

The U.S. monthly international trade deficit increased in October 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.2 billion in September (revised) to $64.3

billion in October as exports decreased and imports increased. The goods deficit increased $3.5 billion in October

to $89.8 billion. The services surplus increased $0.4 billion in October to $25.5 billion.

 Current Release (/news/2023/us-international-trade-goods-and-services-october-2023)

Current Release: December 6, 2023 Next release: January 9, 2024

New Investment by Foreign Direct Investors: $177.5 billion (preliminary)

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5 billion in

2022, down $185.1 billion from $362.6 billion in 2021.

 Current Release (/news/2023/new-foreign-direct-investment-united-states-2022)

Current release: July 10, 2023 Next release: July 2024

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of

2023, with the percent change ranging from 9.7 percent in Kansas to 0.7 percent in Arkansas.

 Current Release (/news/2023/gross-domestic-product-state-and-personal-income-state-3rd-quarter-2023)

Current Release: December 22, 2023 Next Release: March 29, 2024

Personal Income by County and Metropolitan Area, 2022

Personal Consumption Expenditures by State, 2022

In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in

43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the

nonmetropolitan portion.

 Current Release (/news/2023/personal-income-county-and-metropolitan-area-2022)

Current Release: November 16, 2023 Next Release: November 14, 2024

Note on Per Capita Personal Income (/note-capita-personal-income)

US PCE growth +9.2%

Nationally, personal consumption expenditures (PCE), in current dollars, increased 9.2 percent in 2022 after

increasing 12.9 percent in 2021. PCE increased in all 50 states and the District of Columbia, with the percent

change ranging from 11.8 percent in Idaho to 6.4 percent in Louisiana.

 Current Release (/news/2023/personal-consumption-expenditures-state-2022)

Current Release: October 4, 2023 Next release: October 3, 2024

Note on Per Capita Personal Consumption Expenditures and Population (/note-capital-personal- consumption-expenditures)

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Page last modified on 1/29/21

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