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Perspective from the choices BEA Accounts
BEA produces some of the choices most carefully watched economic records that affect decisions of presidency officers, commercial enterprise people, and people. These records offer a comprehensive, updated image of the choices U.S. economic system. The statistics in this web page are drawn from featured BEA monetary accounts.
National Economic Accounts
Personal earnings decreased $414.3 billion, or 2.zero percent at a monthly price, while patron spending expanded $2.9 billion, or much less than 0.1 percentage, in May. The lower in personal earnings meditated declines in pandemic-associated assistance programs.
Industry Economic Accounts
The U.S. present day account deficit widened by $20.7 billion, or eleven.8 percent, to $195.7 billion inside the first quarter of 2021, consistent with records from the choices U.S. Bureau of Economic Analysis. The revised fourth area deficit turned into $one hundred seventy five.1 billion. The first quarter deficit was 3.6 percentage of modern dollar gross domestic product, up from 3.three percentage inside the fourth quarter.
U.S. International Investment Position, First Quarter 2021, Year 2020, and Annual Update
The U.S. internet international funding position, the difference between U.S. residents’ foreign economic assets and liabilities, was –$14.32 trillion at the choices stop of the first quarter of 2021, according to information released via the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.eighty one trillion and liabilities were $forty seven.13 trillion. At the choices quit of the choices fourth region of 2020, the internet funding position became –$14.01 trillion.
U.S. International Trade in Goods and Services, May 2021
Expenditures by using overseas direct buyers to accumulate, set up, or enlarge U.S. agencies totaled $a hundred and twenty.7 billion in 2020, down 45.four percentage from $221.2 billion in 2019.
Regional Economic Accounts
Real gross home product (GDP) extended in all 50 states and the choices District of Columbia inside the first region of 2021, as real GDP for the choices kingdom accelerated at an annual price of 6.4 percentage. The percentage alternate in real GDP in the first zone ranged from 10.nine percentage in Nevada to two.nine percent inside the District of Columbia.
Personal Income with the aid of State, 1st Quarter 2021
State non-public earnings elevated 59.7 percent at an annual price inside the first area of 2021 after reducing 3.9 percentage inside the fourth sector of 2020. In the choices first area of 2021, the choices growth in transfer receipts was the choices main contributor to personal profits increase in all states and the District of Columbia. The percent exchange in non-public income ranged from 89.three percent in Mississippi to 31.1 percentage in the District of Columbia.
Personal Income with the aid of County and Metropolitan Area, 2019
In 2019, private income accelerated in 2,964 counties, decreased in 139, and was unchanged in 10. Personal income increased four.zero percentage in the metropolitan part of the choices United States and accelerated 3.5 percent inside the nonmetropolitan portion.
Real Personal Income by State and Metropolitan Area, 2019
Real kingdom non-public earnings grew 2.four percentage in 2019 after growing three.1 percentage in 2018, consistent with estimates launched these days by means of the Bureau of Economic Analysis (BEA). Real state non-public income is a kingdom's present day-dollar private income adjusted through the kingdom's regional charge parity and the choices country wide non-public intake costs price index. The percent change in real state personal earnings ranged from 4.1 percent in Maine to 0.7 percent in Hawaii, Wyoming, and Rhode Island. Across metropolitan areas, the percentage change ranged from 7.6 percentage in Hanford-Corcoran, CA, to –three.2 percentage in Panama City, FL, and Wheeling, WV-OH.
Personal Consumption Expenditures via State, 2019
State personal intake costs (PCE) accelerated three.nine percentage in 2019, a deceleration from the four.9 percent increase in 2018. The percentage exchange in PCE across all states ranged from five.7 percentage in Utah to at least one.eight percent in Vermont.