U.S.

Economy at a Glance Table

The data on this page, drawn from BEA's various economic accounts, comprise an overview of the U.S. economy in recent quarters. Please explore other pages on our site for additional detail.

Series marked with an "*" are based on "real" estimates that are calculated using a chain-type Fisher formula; annual chain-type measures are calculated with annual weights and quarterly chain-type measures are calculated with quarterly weights. Series marked with a "#" are based on current-
dollar estimates.

2020 2021 2022 2023

2020 2021 2022
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Production
Percent change at seasonally adjusted annual rate (unless otherwise noted)

Gross domestic product* -2.2 5.8 1.9 34.8 4.2 5.2 6.2 3.3 7.0 -2.0 -0.6 2.7 2.6 2.2 2.1 4.9

Purchases, by type

Gross domestic purchases* -1.9 6.9 2.3 38.1 5.5 6.1 6.9 4.2 7.1 0.6 -1.1 0.1 2.2 1.6 2.0 4.8

Personal consumption expenditures* -2.5 8.4 2.5 40.5 5.6 8.9 13.6 2.8 4.0 0.0 2.0 1.6 1.2 3.8 0.8 4.0

Nonresidential fixed investment* -4.7 5.9 5.2 18.3 10.5 8.9 9.7 -1.3 2.7 10.7 5.3 4.7 1.7 5.7 7.4 -0.1

Residential investment* 7.2 10.7 -9.0 66.1 30.1 9.8 -4.4 -2.7 -0.5 -1.8 -14.1 -26.4 -24.9 -5.3 -2.2 3.9

Exports of goods and services* -13.6 6.3 7.0 62.0 25.8 0.9 2.0 1.5 24.2 -4.6 10.6 16.2 -3.5 6.8 -9.3 6.2

Imports of goods and services* -9.0 14.5 8.6 88.6 32.0 8.0 7.7 8.5 20.6 14.7 4.1 -4.8 -4.3 1.3 -7.6 5.7

Government consumption expenditures and gross investment* 3.2 -0.3 -0.9 -6.1 -1.9 5.7 -4.3 -1.5 -0.3 -2.9 -1.9 2.9 5.3 4.8 3.3 4.6

Prices of

Gross domestic purchases 1.3 4.2 6.8 3.4 2.5 4.8 5.7 5.7 7.0 8.2 8.2 4.7 3.8 3.6 1.4 3.0

Personal consumption expenditures 1.1 4.2 6.5 3.3 2.0 4.8 6.3 5.6 6.8 7.7 7.2 4.7 4.1 4.2 2.5 2.9

Gross domestic product 1.3 4.6 7.1 3.6 2.8 5.4 6.1 6.1 7.0 8.5 9.1 4.4 3.9 3.9 1.7 3.5

Personal Income
Billions of dollars, seasonally adjusted annual rate (unless otherwise noted)

New England# (annual rate) 6.2 7.0 1.9 -8.7 0.6 40.9 -12.7 0.5 0.9 2.6 3.5 5.5 9.3 3.1 4.2

Mideast# (annual rate) 5.5 7.0 0.0 -3.5 -8.0 54.1 -18.1 0.3 0.0 -1.3 3.7 5.4 3.5 7.2 5.4

Great Lakes# (annual rate) 7.1 8.2 1.0 -11.0 -1.9 62.6 -22.1 -0.2 2.1 2.6 4.0 5.0 3.5 6.3 4.1

Plains# (annual rate) 6.9 8.8 3.5 -14.8 3.9 55.2 -15.8 -1.2 0.9 9.0 6.2 8.5 2.9 7.8 3.3

Southeast# (annual rate) 6.9 10.5 3.1 -11.3 -1.3 73.3 -21.8 3.0 5.1 3.9 5.8 7.5 5.6 8.4 3.8

Southwest# (annual rate) 6.0 10.7 4.7 -7.5 -2.5 68.2 -19.2 3.2 7.8 5.4 7.8 8.9 5.0 8.0 3.9

Rocky Mountain# (annual rate) 8.0 11.4 5.8 -8.9 6.3 58.6 -16.7 5.3 9.3 7.2 6.3 12.3 1.5 6.7 3.8

Far West# (annual rate) 8.6 9.2 0.3 4.4 -3.8 50.5 -15.5 2.8 -0.3 -1.1 2.2 5.4 5.3 4.9 4.8

Real disposable personal income in the U.S.* 6.4 3.1 -5.9 -13.3 -7.6 56.1 -27.6 -5.2 -5.7 -9.8 -1.4 3.6 2.2 10.8 3.5 -1.0

Personal saving rate (level, not change) 15.4 11.4 3.3 16.0 13.6 54.7 -29.1 -4.1 -4.9 -10.6 3.0 3.2 3.2 4.8 5.2 3.8

Federal government finances

Receipts# 3775.2 4388.6 4976.3 3798.0 3959.3 4123.3 4333.0 4470.7 4627.6 4954.1 5025.0 4991.7 4934.5 4651.1 4685.6 …

Current expenditures# 6669.6 7128.6 6038.5 7114.8 5863.6 8171.3 7603.7 6660.1 6079.1 5928.4 5985.5 6064.4 6175.7 6324.8 6346.3 6392.6

Net Federal Government saving -2894.4 -2739.9 -1062.2 -3316.9 -1904.3 -4048.0 -3270.7 -2189.4 -1451.6 -974.4 -960.5 -1072.7 -1241.2 -1673.7 -1660.7 …

State and local government finances

Receipts# 3078.0 3577.9 3662.4 2971.6 3029.9 3116.3 4083.7 3560.1 3551.6 3655.1 3679.8 3643.9 3670.9 3670.3 3584.3 …

Current expenditures# 3129.9 3334.6 3602.1 3163.7 3160.3 3238.5 3325.4 3377.2 3397.2 3477.7 3585.8 3623.5 3721.3 3733.7 3769.0 3793.4

Net state and local government saving -51.9 243.4 60.4 -192.1 -130.4 -122.2 758.3 182.9 154.4 177.4 93.9 20.4 -50.4 -63.4 -184.7 …

Inventories

Change in private inventories* …. -32.6 … 25.3 88.8 -88.3 -168.5 -66.8 197.6 214.5 92.7 70.7 151.9 27.2 14.9 80.6

Ratio, Inventories to final sales* … … … 2.34 2.32 2.27 2.17 2.17 2.20 2.25 2.26 2.25 2.28 2.25 2.24 2.24

Balance of payments

Goods and services# -676684.0 -861383.0 … -158549.0 -196787.0 -204067.0 -204954.0 -223392.0 -228970.0 … … … … … … …

Current account# -616095.0 -821634.0 … -172362.0 -175079.0 -187529.0 -196353.0 -219872.0 -217880.0 … … … … … … …

Data on this page incorporate estimates from:

• GDP news release of October 26, 2023
• State Personal Income news release of October 4, 2023
• U.S. International Transactions news release of March 24, 2022