July 31, 2025

Personal Income and Outlays, June 2025

Personal income increased $71.4 billion (0.3 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $61.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $69.9 billion (0.3 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $69.5 billion in June. Personal saving was $1.01 trillion in June and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.5 percent.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (Adv)
+3.0%
Personal Income
June 2025
+0.3%
International Trade in Goods and Services
May 2025
-$71.5 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2020

| The BEA Wire

Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises employed 7.86 million workers in the United States in 2020, a 2.8 percent decrease from 8.08 million workers in 2019, according to the U.S. Bureau of Economic Analysis. MOUSAs accounted for 6.4 percent of total private industry employment in the United States in 2020.

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2020

| News Release

Majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises employed 7.86 million workers in the United States in 2020, a 2.8 percent decrease from 8.08 million workers in 2019, according to the U.S. Bureau of Economic Analysis. MOUSAs accounted for 6.4 percent of total private-industry employment in the United States in 2020.

June 2022 Trade Gap is $79.6 Billion

| The BEA Wire

The U.S. monthly international trade deficit decreased in June 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $84.9 billion in May (revised) to $79.6 billion in June, as exports increased and imports decreased. The previously published May deficit was $85.5 billion. The goods deficit decreased$4.9 billion in June to $99.5 billion. The services surplus increased $0.3 billion in…

U.S. International Trade in Goods and Services, June 2022

| News Release

The U.S. monthly international trade deficit decreased in June 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $84.9 billion in May (revised) to $79.6 billion in June, as exports increased and imports decreased. The previously published May deficit was $85.5 billion. The goods deficit decreased $4.9 billion in June to $99.5 billion. The services surplus increased $0.3 billion in June…

Personal Income and Outlays, June 2022

| The BEA Wire

Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in June, compared with 5.5 percent in May.

Personal Income and Outlays, June 2022

| News Release

Personal income increased $133.5 billion, or 0.6 percent at a monthly rate, while consumer spending increased $181.1 billion, or 1.1 percent, in June. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 5.1 percent in June, compared with 5.5 percent in May.

Gross Domestic Product, Second Quarter 2022

| The BEA Wire

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending. For more details, including source data, refer to the Technical Note.

Gross Domestic Product, Second Quarter 2022 (Advance Estimate)

| News Release

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending.

Gross Domestic Product for Puerto Rico, 2020

| News Release

Real gross domestic product (GDP) for Puerto Rico decreased 6.0 percent in 2020 after increasing 0.2 percent in 2019 (table 1.3), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The decrease in real GDP in 2020 primarily reflected a decrease in exports of goods and services (table 1.4). Personal consumption expenditures, government spending, and private fixed investment also decreased. These decreases were…

Producto interior bruto para Puerto Rico, 2020

| News Release

El producto interior bruto real (PIB) para Puerto Rico decreció 6.0 por ciento en 2020, luego de crecer 0.2 por ciento en 2019, de acuerdo con las estadísticas difundidas hoy por el Negociado de Análisis Económico de EE. UU. (BEA por sus siglas en inglés). La disminución del PIB real en 2020 reflejó principalmente un decrecimiento de las exportaciones de bienes y servicios. El gasto del consumidor, el gasto del gobierno, y la inversión privada…