April 30, 2025

Personal Income and Outlays, March 2025/ Gross Domestic Product, 1st Quarter 2025 (Advance Estimate)

Gross Domestic Product, 1st Quarter 2025 (Advance Estimate)

Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and March), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment, consumer spending, and exports.

Personal Income and Outlays, March 2025

Personal income increased $116.8 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $102.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $134.5 billion (0.7 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $136.6 billion in March. Personal saving was $872.3 billion in March and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2025 (Adv)
-0.3%
Personal Income
March 2025
+0.5%
International Trade in Goods and Services
February 2025
-$122.7 B
International Transactions
Q4 2024
-$303.9 B

Noteworthy

The Latest

October 2014 Trade Gap is $43.4 Billion

December 5, 2014 | The BEA Wire

The U.S. monthly international trade deficit decreased in October 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.6 billion in September (revised) to $43.4 billion in October, as exports increased more than imports. The previously published September deficit was $43.0 billion. The goods deficit increased less than $0.1 billion from September to $62.7 billion in October. The…

Real Consumer Spending Increases in October

November 26, 2014 | The BEA Wire

Personal income rose 0.2 percent in October, the same increase as in September. Wages and salaries, the largest component of personal  income, rose 0.3 percent in October after rising 0.2 percent in September.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.2 percent in October after rising 0.1 percent in September.

Real DPI, income adjusted for taxes and inflation, increased…

Personal Income and Outlays, October 2014

November 26, 2014 | News Release

Personal income increased $32.9 billion, or 0.2 percent, and disposable personal income (DPI) increased $23.4 billion, or 0.2 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $27.3 billion, or 0.2 percent. In September, personal income increased $24.6 billion, or 0.2 percent, DPI increased $17.2 billion, or 0.1 percent, and PCE increased $4.1 billion, or less than 0.1 percent…

GDP Increases in Third Quarter

November 25, 2014 | The BEA Wire

Real gross domestic product (GDP) increased 3.9 percent in the third quarter of 2014, according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent.

Third-quarter highlights The increase in GDP in the third quarter reflected the following:

Gross Domestic Product, 3rd quarter 2014 (second estimate); Corporate Profits, 3rd quarter 2014 (preliminary estimate)

November 25, 2014 | News Release

Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 3.9 percent in the third quarter of 2014, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent. The GDP estimate released today is based on more complete source data than were available…

BEA is Launching the Survey of New Foreign Direct Investment (BE-13)!

November 21, 2014 | The BEA Wire

The BE-13 survey captures information about new investments made when a foreign investor establishes or acquires a U.S. business (either directly, or indirectly through a U.S. business it already owns) or expands an existing U.S. business.

The data collected in the survey will help in assessing the impact of foreign direct investment on the U.S. economy, in advising foreign investors seeking to invest in the United States, and in…

Activities of U.S. Affiliates of Foreign Multinational Enterprises in 2012

November 21, 2014 | The BEA Wire

The Bureau of Economic Analysis (BEA) has released preliminary statistics on the activities of U.S. affiliates of foreign multinational enterprises (MNEs) in 2012. These statistics are based on the results of the 2012 Benchmark Survey of Foreign Direct Investment in the United States (“inward” direct investment.)

These statistics cover the finances and operations of U.S. affiliates of foreign MNEs—including balance sheet and income…

Local Area Personal Income: 2013

November 20, 2014 | The BEA Wire

Personal income grew in 2013 in 2,695 counties, fell in 390, and was unchanged in 28. On average, personal income rose 2.0 percent in 2013 in the metropolitan portion of the United States and rose 2.1 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 5.3 percent and 4.4 percent, respectively, in 2012. The percent change from 2012 to 2013 in personal income ranged from -35.0 percent in Lamoure County,…

Local Area Personal Income, 2011-2013

November 20, 2014 | News Release

Personal income grew in 2013 in 2,695 counties, fell in 390, and was unchanged in 28, according to estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income rose 2.0 percent in 2013 in the metropolitan portion of the United States and rose 2.1 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 5.3 percent and 4.4 percent, respectively, in 2012.