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
Economic Release Schedule Update
SUITLAND, Md. – The following update to BEA’s post-shutdown economic release schedule is currently available:
U.S. International Trade in Goods and Services, September 2025, will be will be released on Dec. 11 at 8:30 a.m. These data were originally scheduled for release on Nov. 4.
Economic Release Schedule Updates
SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:
Gross Domestic Product by County and Personal Income by County, 2024 will be released on Feb. 5, 2026, at 8:30 a.m. These data were originally scheduled for release on Dec. 3.
Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2024 will be…
Economic Release Schedule Updates
SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:
Gross Domestic Product, 3rd Quarter 2025 (Initial Estimate) and Corporate Profits (Preliminary) will be released on Dec. 23 at 8:30 a.m. This report replaces what would have been Gross Domestic Product, 3rd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) originally scheduled for release on Nov. 26.…
Economic Release Schedule Updates
SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:
Gross Domestic Product, 3rd Quarter 2025 (Advance Estimate) is cancelled. These data were originally scheduled for release on Oct. 30.
Personal Income and Outlays, September 2025, will be released on Dec. 5 at 10 a.m. These data were originally scheduled for release on Oct. 31.
Economic Release Schedule Updates: GDP and Personal Income and Outlays
SUITLAND, Md. - The following updates to BEA’s post-shutdown economic release schedule are currently available:
Gross Domestic Product, 3rd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) will be rescheduled. These data were originally scheduled for release on Nov. 26.
Personal Income and Outlays, October 2025, will be rescheduled. These data were originally scheduled for release on Nov. 26…
Economic Release Schedule Update
SUITLAND, Md. – The following update to BEA’s post-shutdown economic release schedule is currently available:
Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2023, will be released Dec. 5 at 8:30 a.m. These data were originally scheduled for release on Nov. 21.
BEA’s economic release schedule will continue to be updated as information becomes available.
U.S. International Trade in Goods and Services, August 2025
The U.S. goods and services trade deficit decreased in August 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $78.2 billion in July (revised) to $59.6 billion in August, as exports increased and imports decreased. The goods deficit decreased $18.1 billion in August to $85.6 billion. The services surplus increased $0.5 billion in August to $26.1 billion.
Economic Release Schedule Updates
SUITLAND, Md. - The following updates to BEA’s post-shutdown economic release schedule are currently available:
U.S. International Trade in Goods and Services, August 2025, will be released Nov. 19 at 8:30 a.m. These data were originally scheduled for release on Oct. 7.
Services Supplied Through Affiliates, 2023, will be released Nov. 19 at 10 a.m. These data were originally scheduled for release on Oct. 7.
BEA’s economic…
BEA Developing Updated Economic Release Schedule
SUITLAND, Md. – The Bureau of Economic Analysis is working to update its schedule of economic releases, which was affected by the government shutdown.
BEA is consulting with the U.S. Census Bureau, the Bureau of Labor Statistics and other data suppliers to determine the availability of data used to produce our economic indicators. We will publish updated release dates as soon as they are available. Check our website for this…
Formula 1 Cars and Economic Statistics
A blog post from BEA Director Vipin Arora (Updated Jan. 15, 2026, to reflect post-shutdown release schedule.)
A friend of mine recently went on vacation just to drive fast cars on a professional racetrack. Swiping through endless pictures, my friend waxed lyrical about each car’s acceleration. I share his enthusiasm to go faster—for different reasons. I crunch numbers for a living, so when I hear acceleration, I think about how…