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
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Direct Investment by Country and Industry, 2022
The U.S. direct investment abroad position, or cumulative level of investment, increased $212.2 billion to $6.58 trillion at the end of 2022 from $6.37 trillion at the end of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $172.8 billion increase in the position in Europe, primarily in the Netherlands and the United Kingdom. By industry, manufacturing affiliates had the largest…
Direct Investment by Country and Industry, 2022
The U.S. direct investment abroad position, or cumulative level of investment, increased $212.2 billion to $6.58 trillion at the end of 2022 from $6.37 trillion at the end of 2021, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $172.8 billion increase in the position in Europe, primarily in the Netherlands and the United Kingdom. By industry, manufacturing affiliates had the largest…
New Foreign Direct Investment in the United States, 2022
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5 billion in 2022, down $185.1 billion from $362.6 billion in 2021.
New Foreign Direct Investment in the United States, 2022
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5 billion in 2022, down $185.1 billion from $362.6 billion in 2021.
May 2023 Trade Gap is $69.0 Billion
The U.S. goods and services trade deficit decreased from $74.4 billion in April (revised) to $69.0 billion in May, as imports decreased more than exports. The goods deficit decreased $4.8 billion to $91.3 billion, and the services surplus increased $0.7 billion to $22.3 billion
U.S. International Trade in Goods and Services, May 2023
The U.S. monthly international trade deficit decreased in May 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $74.4 billion in April (revised) to $69.0 billion in May as imports decreased more than exports. The goods deficit decreased $4.8 billion in May to $91.3 billion. The services surplus increased $0.7 billion in May to $22.3 billion.
Gross Domestic Product by State and Personal Income by State, First Quarter 2023
Real gross domestic product increased in all 50 states and the District of Columbia in the first quarter of 2023, with the percent change in real GDP ranging from 12.4 percent in North Dakota to 0.1 percent in Rhode Island and Alabama.
Gross Domestic Product by State and Personal Income by State, 1st Quarter 2023
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2023, with the percent change in real GDP ranging from 12.4 percent in North Dakota to 0.1 percent in Rhode Island and Alabama. Personal income, in current dollars, increased in 48 states and the District of Columbia in the first quarter, with the percent change ranging from 11.4 percent in Maine to –1.0 percent in Indiana.
Personal Income and Outlays, May 2023
Personal income increased $91.2 billion (0.4 percent at a monthly rate) in May. Disposable personal income —personal income less personal current taxes— increased $86.7 billion (0.4 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $22.7 billion (0.1 percent) and consumer spending increased $18.9 billion (0.1 percent). Personal saving was $910.…
Personal Income and Outlays, May 2023
Personal income increased $91.2 billion (0.4 percent at a monthly rate) in May. Disposable personal income (DPI)—personal income less personal current taxes— increased $86.7 billion (0.4 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $22.7 billion (0.1 percent) and consumer spending increased $18.9 billion (0.1 percent). Personal saving was $…