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
Personal Income Rises In April
Personal income increased 0.5 percent in April after increasing 0.1 percent in March. Wages and salaries, the largest component of personal income, increased 0.3 percent in April after increasing 0.4 percent in March.
Personal Income and Outlays, April 2019
Personal income increased 0.5 percent in April after increasing 0.1 percent in March. Wages and salaries, the largest component of personal income, increased 0.3 percent in April after increasing 0.4 percent in March.
GDP Increases in First Quarter
Real gross domestic product increased 3.1 percent in the first quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point lower than the “advance” estimate released in April. In the fourth quarter of 2018, real GDP rose 2.2 percent.
Gross Domestic Product, 1st quarter 2019 (second estimate); Corporate Profits, 1st quarter 2019 (preliminary estimate)
Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the first quarter of 2019, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.
Check Out the Buying Power in Your Metro Area
Interested in comparing buying power in your metropolitan area to another? Then, you’ll want to look at the Bureau of Economic Analysis’ latest batch of regional price indexes.
Some highlights from BEA’s recent news release, featuring our 2017 Regional Price Parities:
Real Personal Income for Metropolitan Areas, 2017
The percent change in real metropolitan area personal income ranged from 14.8 percent in Midland, MI to -5.9 percent in Enid, OK.
Real Personal Income for States, 2017
The percent change in real state personal income ranged from 4.5 percent in New York to -1.3 percent in North Dakota.
Real Personal Income for States and Metropolitan Areas, 2017
Real state personal income grew 2.6 percent in 2017, after increasing 1.5 percent in 2016, according to estimates released today by the Bureau of Economic Analysis. Real state personal income is a state's current-dollar personal income adjusted by the state's regional price parity and the national personal consumption expenditures price index. The percent change in real state personal income ranged from 4.5 percent in New York to -1.3…
March 2019 Trade Gap is $50.0 Billion
The U.S. monthly international trade deficit increased in March 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $49.3 billion in February (revised) to $50.0 billion in March, as imports increased more than exports. The previously published February deficit was $49.4 billion. The goods deficit increased $0.5 billion in March to $72.4 billion. The services…
U.S. International Trade in Goods and Services, March 2019
The U.S. monthly international trade deficit increased in March 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $49.3 billion in February (revised) to $50.0 billion in March, as imports increased more than exports. The previously published February deficit was $49.4 billion. The goods deficit increased $0.5 billion in March to $72.4 billion. The services surplus decreased $0.2 billion…