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, December 1999

| News Release

Gross Domestic Product, Fourth Quarter 1999 "advance"

| News Release

The entire release is available in PDF format.

State Personal Income, Third Quarter 1999

| News Release

 

U.S. International Trade in Goods and Services, November 1999

| News Release

 

                                  Many of BEA's tables are very wide. Printing tips are available.

 

Personal Income, November 1999

| News Release

This release is available as an Adobe Acrobat PDF file download.

Gross Domestic Product, 3rd quarter 1999 (final); Corporate Profits, 3rd quarter 1999 (revised)

| News Release

This release is available as an Adobe Acrobat PDF file download.

Input-Output Accounts of the U.S. Economy, 1996

| News Release

Note: For ease of printing, the table accompanying this release is available in Adobe Acrobat (PDF) format.

Interindustry Relationships in the U.S. Economy: New Input-Output Estimates for 1996

U.S. International Trade in Goods and Services, October 1999

| News Release

This release is available in multiple formats:

Adobe Acrobat (PDF) file Plain-text (TXT) file

U.S. International Transactions, 3rd quarter 1999

| News Release

This release is available as a text file download.

Personal Income, October 1999

| News Release

This release is available as an Adobe Acrobat PDF file download.