September 26, 2025

Split Personal Income and Outlays, October 2025 and Gross Domestic Product by State and Personal Income by State, 2nd quarter 2025 and Personal Consumption Expenditures by State, 2024

Personal Income and Outlays, August 2025

Personal income increased $95.7 billion (0.4 percent at a monthly rate) in August, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $86.1 billion (0.4 percent) and personal consumption expenditures (PCE) increased $129.2 billion (0.6 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $132.9 billion in August. Personal saving was $1.06 trillion in August and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.6 percent.

Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2025 and Personal Consumption Expenditures by State, 2024

Real gross domestic product (GDP) increased in 48 states in the second quarter of 2025. State-level changes ranged from a 7.3 percent increase in North Dakota to a 1.1 percent decline in Arkansas.

Personal income increased in all 50 states and the District of Columbia in the second quarter of 2025. State-level changes ranged from a 10.4 percent increase in Kansas to a 0.9 percent increase in Arkansas.

Personal consumption expenditures (PCE) increased in all 50 states and the District of Columbia in 2024. State-level changes in PCE ranged from a 7.0 percent increase in Florida to a 4.3 percent increase in Mississippi.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (3rd)
+3.8%
Personal Income
August 2025
+0.4%
International Trade in Goods and Services
July 2025
-$78.3 B
International Transactions
Q2 2025
-$251.3 B

Noteworthy

The Latest

U.S. International Transactions, 4th quarter and Year 2015

| News Release

Current Account 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 $125.3 billion (preliminary) in the fourth quarter of 2015 from $129.9 billion (revised) in the third quarter. The deficit decreased to 2.8…

Travel and Tourism Spending Decelerated in Fourth Quarter of 2015

| The BEA Wire

Inflation adjusted spending (or output) on travel and tourism decelerated in the fourth quarter of last year, increasing at an annual rate of 1.7 percent, after rising 4.5 percent in the third quarter.

For comparison, inflation-adjusted — or real — gross domestic product also decelerated during the same period, increasing 1.0 percent in the fourth quarter, after rising 2.0 percent.

BEA Data Provide a Look into America's Shopping Carts

| The BEA Wire

America’s consumers spent more than $12 trillion last year on all kinds of stuff, including new

Travel and Tourism Satellite Accounts, 4th quarter 2015

| News Release

Real spending (output) on travel and tourism decelerated in the fourth quarter of 2015, increasing at an annual rate of 1.7 percent after increasing 4.5 percent (revised) in the third quarter of 2015. Real gross domestic product (GDP) also decelerated, increasing 1.0 percent in the fourth quarter (second estimate) after increasing 2.0 percent. For the year, travel and tourism spending grew 4.4 percent after increasing 3.1 percent in 2014.

January 2016 Trade Gap is $45.7 Billion

| The BEA Wire

The U.S. monthly international trade deficit increased in January 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.7 billion in December (revised) to $45.7 billion in January, as exports decreased more than imports. The previously published  December deficit was $43.4 billion. The goods deficit increased $1.1 billion from December to $63.7 billion in January. The services…

U.S. International Trade in Goods and Services, January 2016

| 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 January 2016 The U.S. Census Bureau and the U.S.

Retail Trade Led Growth Across States in the Third Quarter

| The BEA Wire

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2015, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Overall, U.S. real GDP by state growth slowed to an annual rate of 1.9 percent in the third quarter of 2015 after increasing 3.8 percent in the second quarter. Retail trade; health care and social assistance; and…

Gross Domestic Product by State, 3rd quarter 2015

| News Release

Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2015, according to statistics on the geographic breakout of GDP released today by the Bureau of Economic Analysis. Overall, U.S. real GDP by state growth slowed to an annual rate of 1.9 percent in the third quarter of 2015 after increasing 3.8 percent in the second quarter. Retail trade; health care and social assistance; and…

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands (CNMI), 2014

| News Release

This release is available as a PDF download.

 

Northern Mariana Islands' Economy Grows for Third Straight Year

| The BEA Wire

The economy of the Northern Mariana Islands expanded in 2014, marking the third consecutive year of growth.

Real gross domestic product, adjusted to remove price changes, increased 3 percent in 2014. For comparison, real GDP for the United States (excluding the territories) increased 2.4 percent during the same period.

The growth in the Northern Mariana Islands’ economy reflected increases in private fixed investment, consumer…