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

Gross Domestic Product, 3rd quarter 1999 (preliminary); Corporate Profits, 3rd quarter 1999 (preliminary)

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

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Sample Tables for the Gross Domestic Product News Release Beginning With the November 24, 1999 Posting

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The tables in the NR99TABL.TXT file show the formats that will be used in forthcoming BEA gross domestic product (GDP) news releases beginning with the third quarter 1999 preliminary release to be posted on November 24. These tables incorporate the changes introduced in BEA's 1999 comprehensive revision of the national income and product accounts. RELEASE DATE: November 15, 1999. DESCRIPTION OF FILES: This release includes 2 files. 1.…

Personal Income, September 1999

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Gross Domestic Product, 3rd quarter 1999 (advance); Revised Estimates, 1959-99

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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 4.8 percent in the third quarter of 1999, according to advance estimates released by the Commerce Department's Bureau of Economic Analysis. In the second quarter, real GDP increased 1.9 percent.

State Personal Income, 2nd quarter 1999

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Three Plains states — Nebraska, Kansas, and Iowa — and two western states — Nevada and Arizona — led the nation in personal income growth in the second quarter of 1999, according to estimates released by the Commerce Department's Bureau of Economic Analysis.

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

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Personal Income, August 1999

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Gross Domestic Product, 2nd quarter 1999 (final); Corporate Profits, 2nd quarter 1999 (revised)

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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 1.6 percent in the second quarter of 1999, according to revised estimates released by the Commerce Department's Bureau of Economic Analysis. In the first quarter, real GDP increased 4.3 percent. Real GDP increased $31.…

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

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