July 30, 2025

Gross Domestic Product, 2nd Quarter 2025 (Advance Estimate)

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (Adv)
+3.0%
Personal Income
May 2025
-0.4%
International Trade in Goods and Services
May 2025
-$71.5 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Widespread Growth Across Metropolitan Areas

| The BEA Wire

Real GDP increased in 282 of the nation’s 381 metropolitan areas in 2014, led by widespread growth in professional and business services; finance, insurance, real estate, rental, and leasing; and trade.

Gross Domestic Product by Metropolitan Area, Advance 2014 and Revised 2001-2013

| News Release

Real GDP increased in 282 of the nation's 381 metropolitan areas in 2014, led by growth in several industry groups: professional and business services, wholesale and retail trade, and the group of finance, insurance, real estate, rental, and leasing. Natural resources and mining remained a strong contributor to growth in several metropolitan areas. Collectively, real GDP for U. S. metropolitan areas increased 2.3 percent in 2014 after…

U.S. Current-Account Deficit Decreases in Second Quarter 2015

| The BEA Wire

The U.S. current-account deficit—a net measure of transactions between the United States and the rest of the world in goods, services, primary income (investment income and compensation), and secondary income (current transfers)—decreased to $109.7 billion (preliminary) in the second quarter of 2015 from $118.3 billion (revised) in the first quarter of 2015. As a percentage of U.S. GDP, the deficit decreased to 2.5 percent from 2.7 percent.…

U.S. International Transactions, 2nd quarter 2015

| News Release

NOTE: See the navigation bar at the right side of the news release text forimportant note about the comprehensive restructuring of the International Economic Accounts. Also see--> links to data tables, contact personnel and their telephone numbers, and supplementary materials. --> -->

Travel and Tourism Spending Accelerated in the Second Quarter of 2015

| The BEA Wire

Real spending (output) on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing 2.2 percent (revised) in the first quarter of 2015. Real gross domestic product (GDP) also accelerated, increasing 3.7 percent (second estimate) in the second quarter after increasing 0.6 percent.

Travel and Tourism Satellite Accounts, 2nd quarter 2015

| News Release

Real spending (output) on travel and tourism accelerated in the second quarter of 2015, increasing at an annual rate of 6.5 percent after increasing 2.2 percent (revised) in the first quarter of 2015. Real gross domestic product (GDP) also accelerated, increasing 3.7 percent (second estimate) in the second quarter after increasing 0.6 percent.

July 2015 Trade Gap is $41.9 Billion

| The BEA Wire

The U.S. monthly international trade deficit decreased in July 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.2 billion in June (revised) to $41.9 billion in July, as exports increased and imports decreased. The previously published June deficit was $43.8 billion. The goods deficit decreased $3.4 billion from June to $61.4 billion in July. The services surplus decreased less…

U.S. International Trade in Goods and Services, July 2015

| News Release

U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES JULY 2015 The U.S. Census Bureau and the U.S.

Gross Domestic Product by State, 1st Quarter of 2005 through 4th quarter of 2014 (prototype statistic)

| News Release

Today, the U.S. Bureau of Economic Analysis (BEA) is releasing prototype quarterly gross domestic product (GDP) by state statistics for 2005–2014. The quarterly GDP by state statistics are released for 21 industry sectors and are in both current and inflation-adjusted chained (2009) dollars.

Personal Income Rises in July

| The BEA Wire

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in July after increasing 0.4 percent in June.

Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July after increasing less than 0.1 percent in June. Spending on durable…