August 29, 2025

Personal Income and Outlays, July 2025

Personal income increased $112.3 billion (0.4 percent at a monthly rate) in July, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $93.9 billion (0.4 percent) and personal consumption expenditures (PCE) increased $108.9 billion (0.5 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $110.9 billion in July. Personal saving was $985.6 billion in July and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.4 percent.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (2nd)
+3.3%
Personal Income
July 2025
+0.4%
International Trade in Goods and Services
June 2025
-$60.2 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Disposable Personal Income Rises in January

| The BEA Wire

Personal income increased 0.4 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.4 percent in December.

Personal Income and Outlays, January 2018

| News Release

Personal income increased 0.4 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.4 percent in December.

GDP Increases in Fourth Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 2.5 percent in the fourth quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

Gross Domestic Product, 4th quarter and annual 2017 (second estimate)

| News Release

Real gross domestic product (GDP) increased at an annual rate of 2.5 percent in the fourth quarter of 2017 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

Coming Attraction: See How Arts and Culture Impact Every State

| The BEA Wire

The Bureau of Economic Analysis is lifting the curtain on the role arts and culture play in each state's economy.

On March 6, BEA will premiere statistics showing for the first time how much arts and culture contribute to the gross domestic product, or GDP, of all 50 states and the District of Columbia. The arts and cultural economy includes music, theater, design, museums, historic sites, natural parks and more, as well as supporting…

Prototype Statistics: Outdoor Recreation Accounted for 2 Percent of GDP in 2016

| The BEA Wire

Americans who hit the trails to ski, bike or hike aren’t just working up a sweat; they’re also generating economic activity. Outdoor recreation accounted for 2.0 percent of the U.S. economy, or $373.7 billion, in 2016, according to prototype statistics for the Bureau of Economic Analysis’ newest special account.

Outdoor Recreation Satellite Account, Prototype Estimates, 2012-2016

| News Release

Prototype statistics from the Outdoor Recreation Satellite Account (ORSA) released by the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) show that the outdoor recreation economy accounted for 2.0 percent ($373.7 billion) of current-dollar GDP in 2016 (table 1). In addition, the outdoor recreation economy grew 3.8 percent in 2016, compared to growth of 2.8 percent in the overall economy.

Swim, Sail or Ski to bea.gov for an Outdoor Rec Preview

| The BEA Wire

BEA’s first look at the outdoor recreation economy is coming Feb. 14, but you can get a sneak peek right now at what the statistics will cover.

We’ve posted the blank data tables on the Outdoor Recreation Satellite Account page of bea.gov. Glance over the tables to see how BEA will present its prototype statistics on activities like camping, hunting and boating, as well as related production by industries, such as retail trade,…

2017 Trade Gap is $566.0 Billion

| The BEA Wire

The U.S. international trade deficit increased in 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $504.8 billion in 2016 to $566.0 billion in 2017, as imports increased more than exports. As a percentage of U.S. gross domestic product, the goods and services deficit was 2.9 percent in 2017, up from 2.7 percent in 2016. The goods deficit increased from $752.5 billion in 2016 to $810…

U.S. International Trade in Goods and Services, December 2017

| News Release

The U.S. monthly international trade deficit increased in December 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $50.4 billion in November (revised) to $53.1 billion in December, as imports increased more than exports.