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

New Dates for International Transactions, International Investment Position

| The BEA Wire

Bureau of Economic Analysis data on international trade and investment, as well as the United States' international investment position, will be released a few days later in March than originally scheduled, due to the effects of the recent lapse in federal funding.

Gross Domestic Product (GDP) by State: Third Quarter 2018

| The BEA Wire

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia.   Wholesale trade, information services, finance and insurance, and retail trade were the leading contributors to the increase in real GDP nationally. Information services and retail trade were the…

Gross Domestic Product by State: Third Quarter 2018

| News Release

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia.

Wholesale Trade Led Growth in the Third Quarter

| The BEA Wire

Wholesale trade; information; and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018. Overall, 19 of 22 industry groups contributed to the 3.4 percent increase in real GDP in the third quarter.

Gross Domestic Product by Industry: Third Quarter 2018

| News Release

Wholesale trade; information; and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 19 of 22 industry groups contributed to the overall 3.4 percent increase in real GDP in the third quarter.

Personal Income and Outlays, December 2018; Personal Income, January 2019

| News Release

Personal income decreased 0.1 percent in January after increasing 1.0 percent in December, the largest increase since December 2012. Wages and salaries, the largest component of personal income, increased 0.3 percent in January after increasing 0.5 percent in December.

New Dates Set for GDP, Personal Income, and International Trade

| The BEA Wire

Bureau of Economic Analysis data on U.S. gross domestic product, personal income and outlays, and international trade in goods and services that were delayed by the recent lapse in federal funding will be released in late February and early March.

November 2018 Trade Gap is $49.3 Billion

| The BEA Wire

The U.S. monthly international trade deficit decreased in November 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.7 billion in October (revised) to $49.3 billion in November, as imports decreased more than exports. The previously published October deficit was $55.5 billion. The goods deficit decreased $6.7 billion in November to $71.6 billion. The services surplus decreased $0…

U.S. International Trade in Goods and Services, November 2018

| News Release

The U.S. monthly international trade deficit decreased in November 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.7 billion in October (revised) to $49.3 billion in November, as imports decreased more than exports. The previously published October deficit was $55.5 billion. The goods deficit decreased $6.7 billion in November to $71.6 billion. The services surplus decreased $0.3…

New Data About Foreign Investment in States, Local Areas

| The BEA Wire

New research statistics about foreign direct investment in states, metro areas, and counties are available through a cooperative effort between the Bureau of Economic Analysis and the U.S. Bureau of Labor Statistics.

BEA and BLS combined their data to provide information about each state or local area’s employment at companies with foreign ownership, including: