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

Personal Income, March 2000

| News Release

The entire release is available in PDF format.

James E. Rankin: (202) 606-5301 (Personal Income)

Greg Key: 606-5302 (Personal Outlays)

Recorded message: 606-5303

PERSONAL INCOME AND OUTLAYS: MARCH 2000

Gross Domestic Product, First Quarter 2000 "advance" estimate

| News Release

The entire release is available in PDF format.

U.S. International Trade in Goods and Services, February 2000

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   Many of BEA's tables are very wide. Printing tips are available.

 

The text of today's release is shown below; detailed tables will be posted shortly. -->

Personal Income, February 2000

| News Release

This release is available as a PDF download.

Gross Domestic Product, Fourth Quarter 1999 "final" estimate; Revised estimates, 1929-99; Corporate Profits: Fourth Quarter 1999; Fixed Assets and Consumer Durable Goods: 1972-98

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The entire release is available in PDF format. Many of the tables in our news releases are very wide. Printing tips are available.

U.S. International Trade in Goods and Services, January 2000

| News Release

   

   Many of BEA's tables are very wide. Printing tips are available.

 

The text of today's release is shown below; tables will be posted shortly. -->

U.S. International Transactions, Fourth Quarter 1999

| News Release

This release is also available in Adobe Acrobat (PDF) format.

 

 

Personal Income, January 2000

| News Release

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Gross Domestic Product, Fourth Quarter 1999 "preliminary" estimate

| News Release

The entire release is available in PDF format.

U.S. International Trade in Goods and Services, December 1999

| News Release

   

                                  Many of BEA's tables are very wide. Printing tips are available.

 

The text of today's release is shown below; tables will be posted shortly. paste news release after the PRE tag -->