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

Guam's Economy Grew 1.2 Percent in 2010

| The BEA Wire

The economy of Guam grew 1.2 percent in 2010, according to new data from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial and federal government spending, along with a shrinking territorial trade deficit.

GDP offers the most comprehensive picture of the territory’s economy. Although more timely indicators like the consumer price index, unemployment, and…

Gross Domestic Product for Guam, 2010

| News Release

This release is available as a PDF download.

 

Travel and Tourism Spending Increases

| The BEA Wire

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S. gross domestic product, the deficit decreased to 3.0 percent from 3.5 percent. The previously published current-account deficit for the first quarter was $137…

Travel and Tourism Satellite Accounts, 2nd quarter 2012

| News Release

Real spending on travel and tourism increased at an annual rate of 2.1 percent in the second quarter of 2012 after increasing 4.9 percent (revised) in the first quarter. By comparison, growth in real gross domestic product (GDP) increased 1.7 percent (second estimate) in the second quarter of 2012 after increasing 2.0 percent in the first quarter.

U.S. Current-Account Deficit Decreases in Second Quarter 2012

| The BEA Wire

The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $117.4 billion (preliminary) in the second quarter of 2012 from $133.6 billion (revised) in the first quarter of 2012. As a percentage of U.S. gross domestic product, the deficit decreased to 3.0 percent from 3.5 percent. The previously published current-account deficit for the first quarter was $137…

U.S. International Transactions, 2nd quarter, 2012

| News Release

NOTE: See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials. -->

Alexis N. Chaves: (202) 606-9696 (Data) Paul W. Farello: (202) 606-9561 (Revisions)

 

 

Northern Mariana Islands' Economy Grew in 2010

| The BEA Wire

The economy of the Commonwealth of the Northern Mariana Islands (CNMI) grew 2.3 percent in 2010, according to new estimates from the Bureau of Economic Analysis (BEA). The growth in real gross domestic product (GDP) largely reflected increases in territorial government spending, consumer spending, and exports of goods and services.

For the first time, BEA also calculated estimates of GDP by industry, compensation by industry, and…

Commonwealth of the Northern Mariana Islands (CNMI) Gross Domestic Product, 2010

| News Release

This release is available as a PDF download.

BEA Wins Award for Interactive Data Tables

| The BEA Wire

The Bureau of Economic Analysis (BEA) is being recognized for an innovation that makes our data easier for people to access.

The Center for Digital Government is presenting BEA with its 2012 Driving Digital Government Award at an event today in San Francisco. BEA was honored for its interactive data tables, which are available on BEA’s public Web site.

July 2012 Trade Gap is $42.0 Billion

| The BEA Wire

The U.S. monthly international trade deficit increased in July 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.9 billion (revised) in June to $42.0 billion in July, as exports decreased more than imports. The previously published June deficit was $42.9 billion. The goods deficit decreased $0.2 billion from June to $57.3 billion in July, and the services surplus decreased $0.3…