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

Gross Domestic Product, 1st Quarter 2020 (Advance Estimate)

| News Release

Real gross domestic product (GDP) decreased 4.8 percent in the first quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent.

Gross Domestic Product by State: 4th Quarter 2019

| The BEA Wire

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia.

Gross Domestic Product by State: 4th Quarter and Annual 2019

| News Release

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the fourth quarter of 2019. The percent change in real GDP in the fourth quarter ranged from 3.4 percent in Washington and Utah to -0.1 percent in West Virginia.

Gross Domestic Product by Industry: Fourth Quarter 2019

| The BEA Wire

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

Gross Domestic Product by Industry: Fourth Quarter and Year 2019

| News Release

Retail trade, finance and insurance, and utilities were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

February 2020 Trade Gap is $39.9 Billion

| The BEA Wire

The U.S. monthly international trade deficit decreased in February 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.5 billion in January (revised) to $39.9 billion in February, as imports decreased more than exports. The previously published January deficit was $45.3 billion. The goods deficit decreased $5.9 billion in February to $61.2 billion. The services surplus decreased $0…

U.S. International Trade in Goods and Services, February 2020

| News Release

The U.S. monthly international trade deficit decreased in February 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.5 billion in January (revised) to $39.9 billion in February, as imports decreased more than exports. The previously published January deficit was $45.3 billion. The goods deficit decreased $5.9 billion in February to $61.2 billion. The services surplus decreased $0.4…

U.S. International Investment Position Year 2019

| The BEA Wire

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.99 trillion at the end of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.32 trillion and liabilities were $40.31 trillion. At the end of 2018, the net investment position was –$9.55 trillion.

U.S. International Investment Position Fourth Quarter 2019

| The BEA Wire

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.99 trillion at the end of the fourth quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.32 trillion and liabilities were $40.31 trillion. At the end of the third quarter, the net investment position was –$10.98 trillion.

U.S. International Investment Position, Fourth Quarter and Year 2019

| News Release

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.99 trillion at the end of the fourth quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $29.32 trillion and liabilities were $40.31 trillion. At the end of the third quarter, the net investment position was –$10.98 trillion.