Bureau of Economic Analysis
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
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U.S. Current-Account Deficit Narrows in 3rd Quarter 2023
The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023. The narrowing mostly reflected a reduced deficit on goods. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down from 3.2 percent in the second…
U.S. International Transactions, 3rd Quarter 2023
The U.S. current-account deficit narrowed by $16.5 billion, or 7.6 percent, to $200.3 billion in the third quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $216.8 billion. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down from 3.2 percent in the second quarter.
Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2022
Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to –3.2 percent in New Hampshire.
Real personal income declined in 45 states and the District of Columbia in 2022, with the percent change ranging from 3.0 percent in North Dakota to –8.9 percent in Rhode Island.
Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2022
Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to –3.2 percent in New Hampshire.
Musings from Mackinac Bridge: Three Ways to Measure Economy Offer Different Perspectives
A blog post from BEA Director Vipin Arora
Mackinac Bridge—which connects the Upper and Lower parts of Michigan—is a marvel. So much so that I find it difficult, if not impossible, to appreciate the scale and grandeur of the bridge from just one vantage point. Driving on it, for example, offers a different experience than looking at it from nearby St. Ignace. And the view is awe inspiring from the water. We are looking at the same…
Gross Domestic Product by County and Metropolitan Area, 2022
In 2022, real gross domestic product increased in 1,780 counties, decreased in 1,296 counties, and was unchanged in 38 counties. The percent change in real GDP ranged from 71.1 percent in Chouteau County, MT, to –57.6 percent in Kiowa County, CO.
Gross Domestic Product by County and Metropolitan Area, 2022
In 2022, real gross domestic product (GDP) increased in 1,780 counties, decreased in 1,296 counties, and was unchanged in 38 counties. The percent change in real GDP ranged from 71.1 percent in Chouteau County, MT, to -57.6 percent in Kiowa County, CO.
October 2023 Trade Gap is $64.3 Billion
The U.S. goods and services trade deficit increased from $61.2 billion in September (revised) to $64.3 billion in October, as exports decreased and imports increased. The goods deficit increased $3.5 billion to $89.8 billion, and the services surplus increased $0.4 billion to $25.5 billion.
U.S. International Trade in Goods and Services, October 2023
The U.S. monthly international trade deficit increased in October 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.2 billion in September (revised) to $64.3 billion in October as exports decreased and imports increased. The goods deficit increased $3.5 billion in October to $89.8 billion. The services surplus increased $0.4 billion in October to $25.5 billion.
Gross Domestic Product by State, 2nd Quarter 2023
Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2023, with the percent change ranging from 8.7 percent in Wyoming to –1.9 percent in Vermont.