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

Guam GDP Increases in 2017

| The BEA Wire

The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—increased 0.2 percent in 2017 after increasing 0.3 percent in 2016. For comparison, real GDP for the United States increased 2.2 percent in 2017 after increasing 1.6 percent in 2016.

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2016

| The BEA Wire

Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.1 million workers (preliminary) in the United States in 2016, a 3.9 percent increase from 6.8 million (revised) in 2015, according to the Bureau of Economic Analysis.

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2016

| News Release

Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises (MNEs) employed 7.1 million workers (preliminary) in the United States in 2016, a 3.9 percent increase from 6.8 million (revised) in 2015, according to statistics on MOUSA operations and finances released by the Bureau of Economic Analysis.

Changes to BEA's Regional Data Tables Improve Consistency

| The BEA Wire

The Bureau of Economic Analysis made changes today to some of our tables showing data about states, counties, metro areas, and other local areas. The changes make the presentation of data more consistent across BEA’s regional tables.

These changes in the way gross domestic product and personal income figures are displayed affect only the presentation, not the actual data. But users of BEA’s developer tools, interactive database, and…

September 2018 Trade Gap is $54.0 Billion

| The BEA Wire

The U.S. monthly international trade deficit increased in September 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.3 billion in August (revised) to $54.0 billion in September, as imports increased more than exports. The previously published August deficit was $53.2 billion. The goods deficit increased $0.6 billion in September to $77.2 billion. The services surplus decreased $…

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

| News Release

The U.S. monthly international trade deficit increased in September 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.3 billion in August (revised) to $54.0 billion in September, as imports increased more than exports. The previously published August deficit was $53.2 billion. The goods deficit increased $0.6 billion in September to $77.2 billion. The services surplus decreased $0.1…

Gross Domestic Product by Industry: Second Quarter 2018

| The BEA Wire

Information; real estate and rental and leasing; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2018. Overall, 16 of 22 industry groups contributed to the 4.2 percent increase in real GDP in the second quarter.

Gross Domestic Product by Industry: Second Quarter 2018

| News Release

Information; real estate and rental and leasing; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2018. Overall, 16 of 22 industry groups contributed to the 4.2 percent increase in real GDP in the second quarter.

GDP Statistics for U.S. Counties Coming Dec. 12

| The BEA Wire

For the first time, the Bureau of Economic Analysis is measuring the gross domestic product of the more than 3,000 counties in the United States. Prototype GDP statistics for each county will be published on our website Dec. 12.

Durable Goods Spending Rises in September

| The BEA Wire

Personal income increased 0.2 percent in September after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, increased 0.2 percent in September after increasing 0.5 percent in August.