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

U.S. International Transactions: Third Quarter 2009

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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. -->

Travel and Tourism Satellite Accounts, 3rd Quarter 2009

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QUARTERLY TOURISM ESTIMATES WILL NOT BE DISCONTINUED (SEE THE BOX NEXT RELEASE)

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U.S. International Trade in Goods and Services, October 2009

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U.S. International Trade in Goods and Services DECEMBER 2007

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Personal Income and Outlays, October 2009

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Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $45.7 billion, or 0.4 percent, inOctober, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $68.3 billion, or 0.7 percent.

Gross Domestic Product, 3rd quarter 2009 (second estimate); Corporate Profits, 3rd quarter 2009 (preliminary estimate)

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GROSS DOMESTIC PRODUCT: THIRD QUARTER 2009 (SECOND ESTIMATE) CORPORATE PROFITS: THIRD QUARTER 2009 (PRELIMINARY) 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 2.8 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the "…

U.S. International Trade in Goods and Services, September 2009

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U.S. International Trade in Goods and Services DECEMBER 2007

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Personal Income and Outlays, September 2009

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Personal income decreased $0.1 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $0.2 billion, or less than 0.1 percent, inSeptember, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $47.2 billion, or 0.5 percent.

Gross Domestic Product: Third Quarter 2009 (advance estimate)

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GROSS DOMESTIC PRODUCT: THIRD QUARTER 2009 (ADVANCE 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 3.5 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the "advance" estimate released by the Bureau of Economic Analysis.

State Personal Income: Second Quarter 2009

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U.S. personal income grew 0.2 percent in the second quarter of 2009, the first growth in a year for the U.S. and for 15 states, according to estimates released today by the U.S. Bureau of Economic Analysis. In the first quarter, U.S. personal income fell 2.3 percent.

U.S. International Trade in Goods and Services, August 2009

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U.S. International Trade in Goods and Services DECEMBER 2007

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