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

The Latest

Personal Consumption Expenditures by State, 2018

| The BEA Wire

State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia.

Personal Consumption Expenditures by State, 2018

| News Release

State personal consumption expenditures (PCE) increased 5.1 percent in 2018, an acceleration from the 4.4 percent increase in 2017. The percent change in PCE across all states ranged from 7.3 percent in Utah to 3.6 percent in West Virginia.

U.S. International Investment Position Second Quarter 2019

| The BEA Wire

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.01 trillion and liabilities were $38.56 trillion. At the end of the first quarter, the net investment position was –$10.16 trillion.

U.S. International Investment Position, Second Quarter 2019

| News Release

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$10.56 trillion at the end of the second quarter of 2019, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $28.01 trillion and liabilities were $38.56 trillion. At the end of the first quarter, the net investment position was –$10.16 trillion.

Real Disposable Personal Income Rises in August

| The BEA Wire

Personal income increased 0.4 percent in August after increasing 0.1 percent in July. Wages and salaries, the largest component of personal income, increased 0.6 percent in August after increasing 0.2 percent in July.  

Personal Income and Outlays, August 2019

| News Release

Personal income increased 0.4 percent in August after increasing 0.1 percent in July. Wages and salaries, the largest component of personal income, increased 0.6 percent in August after increasing 0.2 percent in July.

GDP Increases in Second Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 2.0 percent in the second quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was the same as in the “second” estimate released in August. In the first quarter, real GDP rose 3.1 percent.

Gross Domestic Product, Second Quarter 2019 (Third Estimate); Corporate Profits, Second Quarter 2019 (Revised)

| News Release

Real gross domestic product (GDP) increased 2.0 percent in the second quarter of 2019, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was the same as in the “second” estimate released in August. In the first quarter, real GDP rose 3.1 percent.

State Personal Income, Second Quarter 2019

| The BEA Wire

State personal income increased 5.4 percent at an annual rate in the second quarter of 2019, a deceleration from the 6.2 percent increase in the first quarter. The percent change in personal income across all states ranged from 7.5 percent in Texas to unchanged in North Dakota.

State Personal Income, Second Quarter 2019

| News Release

State personal income increased 5.4 percent at an annual rate in the second quarter of 2019, a deceleration from the 6.2 percent increase in the first quarter. The percent change in personal income across all states ranged from 7.5 percent in Texas to unchanged in North Dakota.