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

Resources Needed to Measure the New Millennium Economy

| News Release

Steven Landefeld (202) 606-9600  Rosemary Marcuss (202) 606-9602

In an effort to accurately measure the "new millennium American economy," an economy driven by silicon chips, cyberspace, and services, the Commerce Department’s Bureau of Economic Analysis is requesting an appropriation of $49.4 million for fiscal year 2000, which includes $4.5 million for new measurement programs.

Personal Income, December 1998

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This release is available as a text file download.

Gross Domestic Product, 4th quarter 1998 (advance)

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  Virginia H. Mannering: (202) 606-5304 BEA 99-02 Recorded message:               606-5306

GROSS DOMESTIC PRODUCT: FOURTH QUARTER 1998 (ADVANCE)

State Quarterly Personal Income, 3rd quarter 1998

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STATE PERSONAL INCOME: THIRD QUARTER 1998

Four western states -- Nevada, Colorado, Washington, and Arizona -- led the nation in personal income growth in the third quarter of 1998, according to estimates released by the Commerce Department's Bureau of Economic Analysis. In all four states, fast growth in net earnings (see Definitions on page 4) contributed to…

U.S. International Trade in Goods and Services, November 1998

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Personal Income and Outlays, November 1998

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Gross Domestic Product, 3rd quarter 1998 (final); Corporate Profits, 3rd quarter 1998 (revised)

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U.S. International Trade in Goods and Services, October 1998

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This release is available as an Adobe Acrobat PDF file download.

U.S. International Transactions, 3rd quarter 1998

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Personal Income and Outlays, October 1998

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This release is available as a text file download.