August 28, 2025

Gross Domestic Product, 2nd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary)

Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (2nd)
+3.3%
Personal Income
June 2025
+0.3%
International Trade in Goods and Services
June 2025
-$60.2 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

U.S. Net International Investment Position Third Quarter 2018

| The BEA Wire

The U.S. net international investment position decreased to −$9,627.2 billion (preliminary) at the end of the third quarter of 2018 from −$8,845.1 billion (revised) at the end of the second quarter. The $782.1 billion decrease reflected net financial transactions of −$24.6 billion and net other changes in position, such as price and exchange-rate changes, of −$757.5 billion.

U.S. Net International Investment Position: Third Quarter 2018

| News Release

The U.S. net international investment position decreased to -$9,627.2 billion (preliminary) at the end of the third quarter of 2018 from -$8,845.1 billion (revised) at the end of the second quarter, according to statistics released by the Bureau of Economic Analysis (BEA).

New Dates Set for Some Delayed Releases

| The BEA Wire

Bureau of Economic Analysis reports on the U.S. international investment position, trade in goods and services, state economies, and industry economics that were delayed by the recent lapse in federal funding will be released in February.

The new release dates:

BEA Economic Reports Delayed

| The BEA Wire

Bureau of Economic Analysis reports scheduled for this week and next will be delayed because of the effects of the partial government shutdown.

Those reports are:

Real Consumer Spending Rises in November

| The BEA Wire

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

Personal Income and Outlays, November 2018

| News Release

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

GDP Increases in the Third Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 3.4 percent in the third quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.1 percentage point from the “second” estimate released in November. In the second quarter, real GDP increased 4.2 percent.

Gross Domestic Product, 3rd quarter 2018 (third estimate); Corporate Profits, 3rd quarter 2018 (revised estimate)

| News Release

Real gross domestic product (GDP) increased 3.4 percent in the third quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.1 percentage point from the “second” estimate released in November. In the second quarter, real GDP increased 4.2 percent.

State Personal Income, Third Quarter 2018

| The BEA Wire

State personal income increased 4.0 percent at an annual rate in the third quarter of 2018, an acceleration from the 3.4 percent increase in the second quarter. Personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.2 percent in Nevada and Washington to 2.1 percent in Missouri.

State Personal Income, Third Quarter 2018

| News Release

State personal income increased 4.0 percent at an annual rate in the third quarter of 2018, an acceleration from the 3.4 percent increase in the second quarter. Personal income increased in all states and the District of Columbia. The percent change in personal income across all states ranged from 6.2 percent in Nevada and Washington to 2.1 percent in Missouri.