August 05, 2025

U.S. International Trade in Goods and Services, June 2025

The U.S. goods and services trade deficit decreased in June 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $71.7 billion in May (revised) to $60.2 billion in June, as exports decreased less than imports. The goods deficit decreased $11.4 billion in June to $85.9 billion. The services surplus increased $0.1 billion in June to $25.7 billion.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (Adv)
+3.0%
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

Gross Domestic Product by County and Metropolitan Area, 2023

| News Release

In 2023, real gross domestic product (GDP) increased in 2,357 counties, decreased in 734 counties, and was unchanged in 23 counties. The percent change in real GDP ranged from 125.8 percent in Throckmorton County, TX, to –39.6 percent in Lincoln County, WA.

Personal Income and Outlays, October 2024

| The BEA Wire

Personal income increased $147.4 billion (0.6 percent at a monthly rate) in October. Disposable personal income (DPI)—personal income less personal current taxes—increased $144.1 billion (0.7 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $69.8 billion (0.3 percent) and consumer spending increased $72.3 billion (0.4 percent). Personal…

Personal Income and Outlays, October 2024

| News Release

Personal income increased $147.4 billion (0.6 percent at a monthly rate) in October. Disposable personal income (DPI)—personal income less personal current taxes—increased $144.1 billion (0.7 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $69.8 billion (0.3 percent) and consumer spending increased $72.3 billion (0.4 percent). Personal…

Gross Domestic Product (Second Estimate) Corporate Profits (Preliminary Estimate) Third Quarter 2024

| The BEA Wire

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “second” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, federal government spending, and business investment. Imports, which are a subtraction in the calculation of GDP, increased.

Gross Domestic Product, Third Quarter 2024 (Second Estimate) and Corporate Profits (Preliminary)

| News Release

Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “second” estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, federal government spending, and business investment. Imports, which are a subtraction in the calculation of GDP, increased.

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands, 2021 and 2022

| News Release

Real gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands increased 16.7 percent in 2022 and 5.1 percent in 2021 after decreasing 29.1 percent in 2020. The growth in real GDP from 2021 to 2022 reflected increases in exports, government spending, and private fixed investment. These increases were partly offset by a decrease in personal consumption expenditures. Imports, a subtraction item in the calculation of GDP,…

Outdoor Recreation Satellite Account, U.S. and States, 2023

| News Release

The value added of the outdoor recreation economy accounted for 2.3 percent ($639.5 billion) of current-dollar gross domestic product (GDP) for the nation in 2023. At the state level, value added for outdoor recreation as a share of state GDP ranged from 6.3 percent in Hawaii to 1.6 percent in Delaware, Connecticut, and New York. The share was 0.8 percent in the District of Columbia.

Activities of U.S Affiliates of Foreign Multinational Enterprises, 2022

| The BEA Wire

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.35 million workers in the United States in 2022, a 6.8 percent increase from 7.82 million workers in 2021, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2022.

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2022

| News Release

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.35 million workers in the United States in 2022, a 6.8 percent increase from 7.82 million workers in 2021, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2022.

Personal Income by County and Metropolitan Area, 2023

| News Release

In 2023, personal income, in current dollars, increased in 2,814 counties, decreased in 295, and was unchanged in five counties in 2023. Personal income increased 6.0 percent in the metropolitan portion of the United States and 4.7 percent in the nonmetropolitan portion.