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

Gross Domestic Product, 1st quarter 1999 (final); Corporate Profits, 1st quarter 1999 (revised)

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U.S. International Transactions, 1st quarter 1999

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U.S. International Trade in Goods and Services April 1999

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Foreign Investors' Spending to Acquire or Establish U.S. Businesses, 1998

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Foreign investors' spending to acquire or establish U.S. businesses surged to a record $201.0 billion in 1998 from $69.7 billion in 1997, according to estimates by the Commerce Department's Bureau of Economic Analysis. This spending, which includes both outlays made directly by foreign investors and outlays made through their existing U.S. affiliates, almost tripled in 1998, following a decrease of 13 percent in 1997 and an increase of 40…

Gross State Product, New Estimates for 1997 and Revised Estimates for 1995-96

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Personal Income, April 1999

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Gross Domestic Product, 1st quarter 1999 (preliminary); Corporate Profits, 1st quarter 1999 (preliminary)

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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 4.1 percent in the first quarter of 1999, according to preliminary estimates released by the Commerce Department's Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.0 percent. Real GDP increased…

U.S. International Trade in Goods and Services for March 1999

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1997 Local Area Personal Income for counties, metropolitan areas, and nonmetropolitan areas

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1997 LOCAL AREA PERSONAL INCOME For Counties, Metropolitan Areas, and Nonmetropolitan Areas

Personal income in metropolitan counties grew 5.8 percent in 1997, substantially faster than the 4.7 percent growth of personal income in nonmetropolitan counties, according to estimates released today by the Commerce Department's Bureau of Economic Analysis. The faster metro county growth in 1997 reversed the pattern in 1996, when personal…

Personal Income, March 1999

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