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
Gross Domestic Product, Second Quarter 2022
Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending. For more details, including source data, refer to the Technical Note.
Gross Domestic Product, Second Quarter 2022 (Advance Estimate)
Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending.
Gross Domestic Product for Puerto Rico, 2020
Real gross domestic product (GDP) for Puerto Rico decreased 6.0 percent in 2020 after increasing 0.2 percent in 2019 (table 1.3), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The decrease in real GDP in 2020 primarily reflected a decrease in exports of goods and services (table 1.4). Personal consumption expenditures, government spending, and private fixed investment also decreased. These decreases were…
Producto interior bruto para Puerto Rico, 2020
El producto interior bruto real (PIB) para Puerto Rico decreció 6.0 por ciento en 2020, luego de crecer 0.2 por ciento en 2019, de acuerdo con las estadísticas difundidas hoy por el Negociado de Análisis Económico de EE. UU. (BEA por sus siglas en inglés). La disminución del PIB real en 2020 reflejó principalmente un decrecimiento de las exportaciones de bienes y servicios. El gasto del consumidor, el gasto del gobierno, y la inversión privada…
Gross Domestic Product for Puerto Rico, 2020
Real gross domestic product for Puerto Rico decreased 6.0 percent in 2020 after increasing 0.2 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.
The decrease in real GDP in 2020 primarily reflected a decrease in exports of goods and services. Personal consumption expenditures, government spending, and private fixed investment also decreased. These decreases were partly offset by an…
Producto interior bruto para Puerto Rico, 2020
El producto interior bruto real para Puerto Rico decreció 6.0 por ciento en 2020, luego de crecer 0.2 por ciento en 2019, de acuerdo con las estadísticas difundidas hoy por el Negociado de Análisis Económico de EE. UU.
Direct Investment by Country and Industry, 2021
The U.S. direct investment abroad position, or cumulative level of investment, increased $403.3 billion to $6.49 trillion at the end of 2021 from $6.09 trillion at the end of 2020, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The increase reflected a $352.6 billion increase in the position in Europe, primarily in Ireland and the United Kingdom. By industry, holding company affiliates owned by U.S.…
Direct Investment by Country and Industry, 2021
The U.S. direct investment abroad position, or cumulative level of investment, increased $403.3 billion to $6.49 trillion at the end of 2021 from $6.09 trillion at the end of 2020, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The increase reflected a $352.6 billion increase in the position in Europe, primarily in Ireland and the United Kingdom. By industry, holding company affiliates owned by U.S.…
National, Industry, and State Annual Updates Coming Sept. 29-30
This year for the first time, BEA will produce and publish in tandem annual updates of national, industry, and state statistics. The updates on Sept. 29 and 30 will cover gross domestic product and many related statistics, including national and state personal income, for 2021 and earlier years.
May 2022 Trade Gap is $85.5 Billion
The U.S. monthly international trade deficit decreased in May 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $86.7 billion in April (revised) to $85.5 billion in May, as exports increased more than imports. The previously published April deficit was $87.1 billion. The goods deficit decreased $2.9 billion in May to $105.0 billion. The services surplus decreased $1.7 billion in May…