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

Five Years of GDP Data Will Be Updated July 26

| The BEA Wire

The U.S. Bureau of Economic Analysis is expanding our annual updates that bring the economic picture of previous years into sharper focus. Starting with the July 26 update, we’ll begin revisiting at least five years of national statistics, instead of three, each summer.

In these summer updates, we use newly available data to refine earlier estimates of the nation’s gross domestic product and related statistics. GDP is…

May 2019 Trade Gap is $55.5 Billion

| The BEA Wire

The U.S. monthly international trade deficit increased in May 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $51.2 billion in April (revised) to $55.5 billion in May, as imports increased more than exports. The previously published April deficit was $50.8 billion. The goods deficit increased $4.4 billion in May to $76.1 billion. The services surplus increased $0.1 billion in May…

U.S. International Trade in Goods and Services, May 2019

| News Release

The U.S. monthly international trade deficit increased in May 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $51.2 billion in April (revised) to $55.5 billion in May, as imports increased more than exports. The previously published April deficit was $50.8 billion. The goods deficit increased $4.4 billion in May to $76.1 billion. The services surplus increased $0.1 billion in May to $…

New Foreign Direct Investment in the United States, 2018

| The BEA Wire

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion in 2018, up 8.7 percent from $272.8 billion in 2017.

New Foreign Direct Investment in the United States, 2018

| News Release

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion in 2018, up 8.7 percent from $272.8 billion in 2017.

Spending on Durable Goods Increases in May

| The BEA Wire

Personal income increased 0.5 percent in May, the same increase as in April. Wages and salaries, the largest component of personal income, increased 0.2 percent in May after increasing 0.3 percent in April.

Personal Income and Outlays, May 2019

| News Release

Personal income increased 0.5 percent in May, the same increase as in April. Wages and salaries, the largest component of personal income, increased 0.2 percent in May after increasing 0.3 percent in April.

GDP Increases in First Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 3.1 percent in the first quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the “second” estimate released in May. In the fourth quarter of 2018, real GDP rose 2.2 percent.

Gross Domestic Product, First Quarter 2019 (Third Estimate); Corporate Profits, First Quarter 2019 (Revised Estimate)

| News Release

Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the first quarter of 2019 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent. Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $59.3 billion in the first quarter, compared with a…

U.S. Net International Investment Position – First Quarter 2019

| The BEA Wire

The U.S. net international investment position decreased to –$9.93 trillion (preliminary) at the end of the first quarter of 2019 from –$9.55 trillion (revised) at the end of the fourth quarter of 2018. The $374.4 billion decrease reflected net financial transactions of –$30.2 billion and net other changes in position, such as price and exchange-rate changes, of –$344.2 billion.