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
Personal Income Increases in August
Personal income increased 0.4 percent in August after increasing 0.2 percent in July. Wages and salaries, the largest component of personal income, increased 0.4 percent in August after decreasing 0.3 percent in July. Government wages were reduced in August and in July due to furloughs.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in August after increasing 0.3 percent in July…
Personal Income and Outlays, August 2013
Personal income increased $57.2 billion, or 0.4 percent, and disposable personal income (DPI) increased $56.2 billion, or 0.5 percent, in August, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $34.5 billion, or 0.3 percent. In July, personal income increased $21.2 billion, or 0.2 percent, DPI increased $32.7 billion, or 0.3 percent, and PCE increased $18.3 billion, or 0.2 percent, based on…
GDP Growth Accelerates in Second Quarter
Real gross domestic product (GDP) increased 2.5 percent in the second quarter of 2013 after increasing 1.1 percent in the first quarter, according to the “third” estimate released by the Bureau of Economic Analysis (BEA). The second-quarter growth rate was the same as the “second” estimate released in August.
GDP growth highlights The second-quarter acceleration reflected upturns in business investment, mainly in power and…
Gross Domestic Product, 2nd quarter 2013 (third estimate); Corporate Profits, 2nd quarter 2013 (revised estimate)
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.5 percent in the second quarter of 2013 (that is, from the first quarter to the second quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.1 percent. The GDP estimate released today is based on…
Value of Foreign Investments in the United States and U.S. Investments Abroad Decreased in Second Quarter 2013
The U.S. net international investment position was –$4,504.1 billion (preliminary) at the end of the second quarter of 2013 compared with –$4,236.6 billion (revised) at the end of the first quarter, as the value of foreign investments in the United States exceeded the value of U.S. investments abroad.
U.S. International Investment Position, 2nd quarter 2013
The U.S. net international investment position at the end of the second quarter of 2013 was -$4,504.1 billion (preliminary) as the value of foreign investments in the United States exceeded the value of U.S. investments abroad (table 1). At the end of the first quarter, the U.S. net international investment position was -$4,236.6 billion (revised).
Travel and Tourism Spending Decelerated in the Second Quarter of 2013
Real spending on travel and tourism decelerated in the second quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 7.3 percent revised) in the first quarter of 2013.
A New Look at State-Level R&D by Multinational Companies
The amount of research and development (R&D) generated by multinational companies varies widely across U.S. states.
A new examination of data shows that the R&D performed by foreign-owned U.S. affiliates in 2007 ranged from $1 million in South Dakota to $5.3 billion in California. In addition to California, the R&D of U.S. affiliates was higher than $2.5 billion in three other states: New Jersey, Pennsylvania, and…
Travel and Tourism Satellite Accounts, 2nd quarter 2013
Real spending on travel and tourism decelerated in the second quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 7.3 percent (revised) in the first quarter of 2013. By comparison, growth in real gross domestic product (GDP) accelerated, increasing 2.5 percent (second estimate) in the second quarter after increasing 1.1 percent in the first quarter.
U.S. Current-Account Deficit Decreases in Second Quarter 2013
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $98.9 billion (preliminary) in the second quarter of 2013 from $104.9 billion (revised) in the first quarter of 2013.