December 11, 2025

U.S. International Trade in Goods and Services, September 2025

The U.S. goods and services trade deficit decreased in September 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $59.3 billion in August (revised) to $52.8 billion in September, as exports increased more than imports. The goods deficit decreased $7.1 billion in September to $79.0 billion. The services surplus decreased $0.6 billion in September to $26.2 billion.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (3rd)
+3.8%
Personal Income
September 2025
+0.4%
International Trade in Goods and Services
September 2025
-$52.8 B
International Transactions
Q2 2025
-$251.3 B

Noteworthy

The Latest

U.S. International Trade in Goods and Services, September 2025

| News Release

The U.S. goods and services trade deficit decreased in September 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $59.3 billion in August (revised) to $52.8 billion in September, as exports increased more than imports. The goods deficit decreased $7.1 billion in September to $79.0 billion. The services surplus decreased $0.6 billion in September to $26.2 billion.

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product, 3rd Quarter 2025 (Updated Estimate), GDP by Industry, and Corporate Profits (Revised) will be released on Jan. 22, 2026, at 8:30 a.m. This report will be the equivalent of a third estimate of quarterly GDP, replacing Gross Domestic Product, 3rd Quarter 2025 (Third Estimate), GDP by Industry,…

BEA’s Long History of Measuring Direct Investment: Critical Intel for Global Strategies

| The BEA Wire

A blog from BEA Director Vipin Arora

During the 1920s, Americans began investing more abroad than other countries were investing in the United States. This marked an important shift in U.S. foreign investment, and reversed the pattern seen before World War I. Around the same time, BEA began producing direct investment statistics—both U.S. direct investment abroad, or USDIA, and foreign direct investment in the United States, or…

Personal Income and Outlays, September 2025

| News Release

Personal income increased $94.5 billion (0.4 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $75.9 billion (0.3 percent) and personal consumption expenditures (PCE) increased $65.1 billion (0.3 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2023

| News Release

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.66 million workers in the United States in 2023, a 1.9 percent increase from 8.5 million workers in 2022, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2023.

Economic Release Schedule Update

| The BEA Wire

SUITLAND, Md. – The following update to BEA’s post-shutdown economic release schedule is currently available:

U.S. International Trade in Goods and Services, September 2025, will be will be released on Dec. 11 at 8:30 a.m. These data were originally scheduled for release on Nov. 4.

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product by County and Personal Income by County, 2024 will be released on Feb. 5, 2026, at 8:30 a.m. These data were originally scheduled for release on Dec. 3. 

Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2024 will be…

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product, 3rd Quarter 2025 (Initial Estimate) and Corporate Profits (Preliminary) will be released on Dec. 23 at 8:30 a.m.  This report replaces what would have been Gross Domestic Product, 3rd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) originally scheduled for release on Nov. 26.…

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product, 3rd Quarter 2025 (Advance Estimate) is cancelled. These data were originally scheduled for release on Oct. 30.

Personal Income and Outlays, September 2025, will be released on Dec. 5 at 10 a.m. These data were originally scheduled for release on Oct. 31.

Economic Release Schedule Updates: GDP and Personal Income and Outlays

| The BEA Wire

SUITLAND, Md. - The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product, 3rd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) will be rescheduled. These data were originally scheduled for release on Nov. 26.

Personal Income and Outlays, October 2025, will be rescheduled. These data were originally scheduled for release on Nov. 26…