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
Noteworthy
The Latest
A New Look at U.S. Exporters and Importers of Services
New BEA research offers fresh insights into U.S. firms that export and import services internationally. The research article published recently in the Bureau of Economic Analysis’ Survey of Current Business focuses on firms that are engaged in the trade of “selected services,” a subset of international services trade statistics. BEA’s confidential international surveys gather extensive information on these selected services.
Gross Domestic Product by State: Third Quarter 2019
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2019. The percent change in real GDP in the third quarter ranged from 4.0 percent in Texas to 0.0 percent in Delaware.
Gross Domestic Product by State, Third Quarter 2019
Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2019. The percent change in real GDP in the third quarter ranged from 4.0 percent in Texas to 0.0 percent in Delaware.
Gross Domestic Product by Industry: Third Quarter 2019
Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the third quarter.
Gross Domestic Product by Industry, Third Quarter 2019
Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the third quarter.
November 2019 Trade Gap is $43.1 Billion
The U.S. monthly international trade deficit decreased in November 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.9 billion in October (revised) to $43.1 billion in November, as exports increased and imports decreased. The previously published October deficit was $47.2 billion. The goods deficit decreased $3.9 billion in November to $63.9 billion. The services surplus…
U.S. International Trade in Goods and Services, November 2019
The U.S. monthly international trade deficit decreased in November 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.9 billion in October (revised) to $43.1 billion in November, as exports increased and imports decreased. The previously published October deficit was $47.2 billion. The goods deficit decreased $3.9 billion in November to $63.9 billion. The services surplus decreased…
U.S. International Investment Position Third Quarter 2019
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.95 trillion at the end of the third quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.26 trillion and liabilities were $39.21 trillion. At the end of the second quarter, the net investment position was –$10.61 trillion.
U.S. International Investment Position, Third Quarter 2019
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.95 trillion at the end of the third quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.26 trillion and liabilities were $39.21 trillion. At the end of the second quarter, the net investment position was –$10.61 trillion.
Personal Income and Outlays, November 2019
Personal income increased 0.5 percent in November after increasing 0.1 percent in October. Wages and salaries, the largest component of personal income, increased 0.4 percent in November after increasing 0.5 percent in October.