Bureau of Economic Analysis
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
Noteworthy
The Latest
Quarterly Gross Domestic Product by State, 2005-2013 (prototype statistic)
Today, the U.S. Bureau of Economic Analysis released prototype statistics of quarterly gross domestic product (GDP) by state for 2005–2013. These new statistics provide a more complete picture of economic growth across states that can be used with other regional data to gain a better understanding of regional economies as they evolve from quarter to quarter.
U.S. Virgin Islands' Economy Shrinks for Third Consecutive Year
The estimates of Gross Domestic Product for the U.S. Virgin Islands show that real GDP, adjusted to remove price changes, decreased 5.4 percent in 2013. This was the third consecutive decline following decreases of 13.8 percent in 2012 and 7.5 percent in 2011.
Gross Domestic Product for U.S. Virgin Islands (USVI), 2013
This release is available as a PDF download.
Coming Soon: More Timely Data on the Health of States' Economies
BEA’s annual gross domestic product by state report provides a crucial look into the health of states’ economies. Soon businesses, consumers, and policymakers will get a sneak peak at a more timely and frequent version of the report.
Personal Consumption Expenditures by State Prototype Estimates for 1997-2012
Prototype estimates of personal consumption expenditures (PCE) for states for 1997-2012 provide a new tool for state-level analysis of consumer activity and household economic well-being. The PCE-by-state estimates are released for 16 expenditure categories that correspond to the national level expenditure categories published by BEA.
Personal Consumption Expenditures by State, 1997-2012 (prototype statistic)
Today, the U.S. Bureau of Economic Analysis released prototype estimates of personal consumption expenditures (PCE) for states for 1997-2012. These new estimates provide insight into household spending patterns across states that can be used together with other regional data to gain a better understanding of regional economies.
June 2014 Trade Gap is $41.5 Billion
The U.S. monthly international trade deficit decreased in June 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.7 billion in May (revised) to $41.5 billion in June as exports increased and imports decreased. The previously published May deficit was $44.4 billion. The goods deficit decreased $3.0 billion from May to $60.3 billion in June; the services surplus increased $0.1…
BEA's New Statistical Product Enriches Understanding of Consumer Behavior at the State Level
On August 7th, the Commerce Department’s Bureau of Economic Analysis (BEA) will premiere a new report on consumer spending, “Personal Consumption Expenditures by State.” This represents a major advancement in the level of information available on consumer spending behaviors at the sub-national level. Why is it important? Because consumer spending is a major driver of the U.S. economy’s overall health.
U.S. International Trade in Goods and Services, June 2014
NOTE: See the navigation bar at the right side of the news release text for a link to an important note about recent changes to goods and services that were implemented in June as part of BEA's comprehensive restructuring of the International Economic Accounts. Also see links to data tables, contact personnel and their telephone numbers, and supplementary materials.
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Coming Soon: Data on Consumer Spending by State
Is consumer spending growing faster in North Dakota or North Carolina? How do consumers in different regions respond to economic downturns? Which state has the fastest growing consumer market for motor vehicles?
On August 7, new BEA data on consumer spending broken out by state will help businesses, consumers, and policymakers answer those questions. The statistics will cover the years from 1997 to 2012.