Bureau of Economic Analysis
GDP (Advance Estimate), 4th Quarter and Year 2025 and Personal Income and Outlays, December 2025
GDP (Advance Estimate), 4th Quarter and Year 2025
Real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the fourth quarter of 2025 (October, November, and December), according to the advance estimate released today by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 4.4 percent. The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by decreases in government spending and exports. Imports, which are a subtraction in the calculation of GDP, decreased.
Personal Income and Outlays, December 2025
Personal income increased $86.2 billion (0.3 percent at a monthly rate) in December, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $75.7 billion (0.3 percent), and personal consumption expenditures (PCE) increased $91.0 billion (0.4 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $90.2 billion in December. Personal saving was $830.8 billion in December, and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.6 percent.
Principal Federal Economic Indicators
Noteworthy
The Latest
Detailed Direct Investment Data for 2015 Now Available
Detailed statistics on U.S. direct investment abroad – or “outward direct investment”– and on foreign direct investment in the United States – or “inward direct investment” – are now available on BEA’s website.
BEA Announces Selection of New Deputy Director
Sarahelen “Sally” Thompson will become the Bureau of Economic Analysis’ new Deputy Director, starting on July 24.
Industry in Focus: Construction on the Rise
Although the U.S. economy has changed considerably over time, construction is an industry that’s maintained its importance. We no longer depend on telegraphs as we once did, but we’ll always need a place to live. Construction also is an industry in which the products can differ to a great degree. While cellphones may be quite similar to one another, office buildings take shapes ranging from the Empire State Building to a one-story structure…
Gross Domestic Product by Industry: First Quarter 2016
Construction; health care and social assistance; and retail trade were the leading contributors to the increase in U.S. economic growth in the first quarter of 2016. Overall, 11 of 22 industry groups contributed to the 1.1 percent increase in real GDP in the first quarter.
Gross Domestic Product by Industry, 1st quarter 2016
Construction; health care and social assistance; and retail trade were the leading contributors to the increase in U.S. economic growth in the first quarter of 2016. According to statistics on the breakout of gross domestic product (GDP) by industry released by the Bureau of Economic Analysis, 11 of 22 industry groups contributed to the overall 1.1 percent increase in real GDP in the first quarter.
What's New for the 2016 Annual GDP Update?
The Bureau of Economic Analysis updates GDP figures and their major components every summer, sweeping in more comprehensive data that weren’t available for earlier estimates. The 2016 annual update, coming July 29, also will feature some of BEA’s efforts to continuously improve its measurement of the U.S. economy.
Summer updates to national income and product accounts incorporate data from annual Census Bureau surveys of businesses…
Guest blog: New Advance Economic Indicators Report Available This Month
This is a guest blog by John H. Thompson, Director of U.S. Census Bureau
New Foreign Direct Investment in the United States, 2014 and 2015
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion; according to the Bureau of Economic Analysis (BEA) in statistics released today.
Some additional highlights of the statistics on new foreign direct investment for 2015:
New Foreign Direct Investment in the United States, 2014 and 2015
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, when expenditures were $250.6 billion. In 2015, as in 2014, the majority of the expenditures were to acquire existing businesses. In 2015, expenditures for acquisitions were $408.1 billion. Expenditures to establish new U.S. businesses were $11.2 billion, and expenditures to expand…
Real Personal Income for States, 2014
Real personal income across all regions rose by an average of 2.9 percent in 2014. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 4.4 percent in 2014. In 2014, the U.S. PCE price index grew 1.4 percent.