February 19, 2026

U.S. International Trade in Goods and Services, December and Annual 2025 and Real Personal Consumption Expenditures by State and Real Personal Income by State, 2024

U.S. International Trade in Goods and Services, December and Annual 2025

The U.S. monthly international trade deficit increased in December 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.0 billion in November (revised) to $70.3 billion in December, as imports increased and exports decreased. The goods deficit increased $15.7 billion in December to $99.3 billion. The services surplus decreased $1.6 billion in December to $29.0 billion.

Real Personal Consumption Expenditures by State and Real Personal Income by State, 2024

Real personal consumption expenditures (PCE) by state increased in 48 states and the District of Columbia in 2024, with the percent change ranging from 5.3 percent in Massachusetts to –0.2 percent in Montana. Real PCE for the nation increased 2.9 percent in 2024.

Real personal income increased in 46 states and the District of Columbia in 2024, with the percent change ranging from 5.5 percent in California to –2.2 percent in North Dakota. Real personal income for the nation increased 2.9 percent in 2024.

Principal Federal Economic Indicators

Gross Domestic Product
Q3 2025 (Updated)
+4.4%
Personal Income
November 2025
+0.3%
International Trade in Goods and Services
December 2025
-$70.3 B
International Transactions
Q3 2025
-$226.4 B

Noteworthy

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| News Release

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BE-10 Survey: A Comprehensive Update on U.S. Direct Investment

| The BEA Wire

It's time for BEA's benchmark survey of U.S. direct investment abroad, conducted every five years. This survey is used to produce statistics that capture changing trends in activities of U.S.-owned businesses in other countries. These Bureau of Economic Analysis statistics help business leaders make decisions about hiring and investing. They are used by policymakers and researchers to analyze how investment abroad affects jobs, wages,…

New Statistics Measure How Personal Income Is Distributed

| The BEA Wire

BEA has developed prototype statistics that measure how the nation’s personal income is distributed across households, offering a new tool for assessing how Americans share in the nation’s economic growth.

January 2020 Trade Gap is $45.3 Billion

| The BEA Wire

The U.S. monthly international trade deficit decreased in January 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.6 billion in December (revised) to $45.3 billion in January, as imports decreased more than exports. The previously published December deficit was $48.9 billion. The goods deficit decreased $2.6 billion in January to $67.0 billion. The services surplus increased $0.…

2019 Trade Gap is $616.4 Billion

| The BEA Wire

The U.S. international trade deficit decreased in 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $627.7 billion in 2018 to $616.4 billion in 2019, as imports decreased more than exports. As a percentage of U.S. gross domestic product, the goods and services deficit was 2.9 percent in 2019, down from 3.0 percent in 2018. The goods deficit decreased from $887.3 billion in 2018 to $…

U.S. International Trade in Goods and Services, January 2020

| News Release

The U.S. monthly international trade deficit decreased in January 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.6 billion in December (revised) to $45.3 billion in January, as imports decreased more than exports. The previously published December deficit was $48.9 billion. The goods deficit decreased $2.6 billion in January to $67.0 billion. The services surplus increased $0.6…

Personal Income and Outlays, January 2020

| The BEA Wire

Personal income increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December.

Personal Income and Outlays, January 2020

| News Release

Personal income increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December.

GDP Increases in Fourth Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate is the same as in the “advance” estimate released in January. In the third quarter, real GDP also increased 2.1 percent.

Gross Domestic Product, Fourth Quarter and Year 2019 (Second Estimate)

| News Release

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate is the same as in the “advance” estimate released in January. In the third quarter, real GDP also increased 2.1 percent.