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Overview of the Economy: Perspective from the BEA Accounts
BEA produces some of the most closely watched economic statistics that
influence the decisions made by government officials, business people,
households, and individuals. These statistics provide a comprehensive,
up-to-date picture of the U.S. economy and are key ingredients in critical
decisions affecting monetary policy, tax and budget projections, and business
investment plans. The data on this page, drawn from BEA's various economic
accounts, comprise an overview of the U.S. economy.
Also available: a table summarizing
GDP, state personal income, and U.S. international transactions data.
(This is the same table available before this web page was updated.)
National Economic Accounts: |
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Gross Domestic Product (GDP) |
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Quarterly data:
Real GDP increased at an annual rate of 3.3 percent in Q2 2004, according to final
estimates.
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Previous: 1st quarter 2004: +4.5%
Current: 2nd quarter 2004: +3.3%
Next release: October 29, 2004 |
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Personal Income |
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Monthly data: In August 2004, real disposable personal
income increased 0.4 percent. |
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Previous: July 2004: +0.2%
Current: August 2004: +0.4%
Next release: November 1, 2004
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Industry Economic Accounts: |
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GDP by Industry |
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Annual data:
New estimates are prepared using a methodology that incorporates the most timely
and highest quality source data within an I-O framework that balances and reconciles
industry production with commodity usage.
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Previous: 2002: Services +2.6% ; Goods +0.9%
Current: 2003: Services +3.6% ; Goods +1.1%
Next release: December 2004 |
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International Economic Accounts: |
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U.S. Balance of Payments (International
Transactions) |
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Quarterly data:
The U.S. current-account deficit increased $19.0 billion to $166.2 billion (preliminary) in the second quarter of 2004. |
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Previous: 1st quarter 2004: -$147.2 billion
Current: 2nd quarter 2004: -$166.2 billion
Next release: December 16, 2004 |
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International Investment
Position |
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Annual data:
The U.S. net international investment position at yearend 2003 was a negative $2,430.7 billion (preliminary) with direct investment valued at current cost, as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.
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Next release: June 2005 |
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International Trade |
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Monthly data:
Total August exports of $96.0 billion and imports of $150.1 billion resulted in a goods and services deficit of $54.0 billion.
(Joint release with the U.S.
Census Bureau)
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Previous: July 2004: -$50.5 billion
Current: August 2004: -$54.0 billion
Next release: November 10, 2004
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Regional Economic Accounts: |
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Gross State Product (GSP) |
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Annual data:
In 2001, real GSP declined in 20 states and growth decelerated in an additional
26 states. |
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Next release: December 15, 2004 |
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State Personal Income (SPI) |
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Quarterly data:
In the second quarter of 2004, personal income grew 1.5 percent nationally, the fastest pace in more than three years.
The Rocky Mountain and Far West regions grew faster than any other region, growing 1.8 percent and 1.7 percent, respectively.
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Next release: December 21, 2004 |
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State Per Capita Personal Income |
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Annual data:
Annual state personal income for 2001-2003 was revised to incorporate source data that is more complete,
more detailed, and otherwise more consistent than previously available.
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Next release: March 28, 2005 |
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Updated:October 14, 2004
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