February 20, 2026

GDP (Advance Estimate), 4th Quarter and Year 2025 and Personal Income and Outlays, December 2025

GDP (Advance Estimate), 4th Quarter and Year 2025

Real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the fourth quarter of 2025 (October, November, and December), according to the advance estimate released today by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 4.4 percent. The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by decreases in government spending and exports. Imports, which are a subtraction in the calculation of GDP, decreased.

Personal Income and Outlays, December 2025

Personal income increased $86.2 billion (0.3 percent at a monthly rate) in December, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $75.7 billion (0.3 percent), and personal consumption expenditures (PCE) increased $91.0 billion (0.4 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $90.2 billion in December. Personal saving was $830.8 billion in December, and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.6 percent.

Principal Federal Economic Indicators

Gross Domestic Product
Q4 (Adv) 2025
+1.4%
Personal Income
December 2025
+0.3%
International Trade in Goods and Services
December 2025
-$70.3 B
International Transactions
Q3 2025
-$226.4 B

Noteworthy

The Latest

Personal Income and Outlays, July 2018

| News Release

Personal income increased 0.3 percent in July after increasing 0.4 percent in June. Wages and salaries, the largest component of personal income, increased 0.4 percent in July, the same increase as in June.

GDP Increases in Second Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP increased 2.2 percent.

GDP highlights

Gross Domestic Product: Second Quarter 2018 (Second Estimate); Corporate Profits: Second Quarter 2018 (Preliminary Estimate)

| News Release

Real gross domestic product (GDP) increased 4.2 percent in the second quarter of 2018, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP increased 2.2 percent.

Late BE-120 Filers Must File by Sept. 28

| The BEA Wire

BEA will soon be mailing delinquency letters to businesses and others that have not submitted their responses to the 2017 BE-120 survey, the Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons.

American Samoa GDP Decreases in 2017

| News Release

The estimates of GDP for American Samoa show that real GDP—GDP adjusted to remove price changes—decreased 5.3 percent in 2017 after decreasing 2.7 percent in 2016. For comparison, real GDP for the United States (excluding the territories) increased 2.2 percent in 2017 after increasing 1.6 percent in 2016.

American Samoa GDP Decreases in 2017

| The BEA Wire

The Bureau of Economic Analysis released estimates of gross domestic product for American Samoa for 2017, in addition to estimates of GDP by industry and compensation by industry for 2016. These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs of the U.S. Department of the Interior.

Revised estimates of GDP for 2015 and 2016, as well as revised estimates of GDP…

Activities of U.S. Multinational Enterprises: 2016

| The BEA Wire

Worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.3 million workers (preliminary) in 2016 from 42.1 million (revised) in 2015.  

Activities of U.S. Multinational Enterprises: 2016

| News Release

Worldwide employment by U.S. multinational enterprises (MNEs) increased 0.4 percent to 42.3 million workers (preliminary) in 2016 from 42.1 million (revised) in 2015, according to statistics released by the Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates.

SCB Article: Results of Seasonal Adjustment Project

| The BEA Wire

With its 2018 comprehensive update of gross domestic product and related statistics, the Bureau of Economic Analysis completed a multiyear project to improve and modernize our seasonal adjustment practices.

Welcome to the Updated bea.gov

| The BEA Wire

We’ve made it easier to find what you’re looking for.

Our redesigned homepage features BEA’s latest news and most-watched statistics.

Use the Data menu at the top to explore data by topic or by place.

Want to dive straight into the numbers? The Tools menu takes you to our expansive Interactive Data Tables, the API, and other data tools. (They function the same as before, although they are found at the new…