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

U.S. Net International Investment Position Fourth Quarter 2018

| The BEA Wire

The U.S. net international investment position decreased to −$9,717.1 billion (preliminary) at the end of the fourth quarter of 2018 from −$9,634.8 billion (revised) at the end of the third quarter. The $82.4 billion decrease reflected net financial transactions of −$199.2 billion and net other changes in position, such as price and exchange-rate changes, of $116.8 billion.

U.S. Net International Investment Position Year 2018

| The BEA Wire

The U.S. net international investment  position decreased to −$9,717.1 billion (preliminary) at the end of 2018 from −$7,725.0 billion at the end of 2017. The $1,992.1 billion decrease reflected net financial transactions of −$519.6 billion and net other changes in position, such as price and exchange-rate changes, of −$1,472.6 billion.  

U.S. Net International Investment Position, Fourth Quarter and Year 2018

| News Release

The U.S. net international investment position decreased to -$9,717.1 billion (preliminary) at the end of the fourth quarter of 2018 from -$9,634.8 billion (revised) at the end of the third quarter, according to statistics released by the Bureau of Economic Analysis (BEA).

Personal Income Increases in February

| The BEA Wire

Personal income increased 0.2 percent in February after decreasing 0.1 percent in January. Wages and salaries, the largest component of personal income, increased 0.3 percent in February, the same increase as in January.

Personal Income, February 2019; Personal Outlays, January 2019

| News Release

Personal income increased 0.2 percent in February after decreasing 0.1 percent in January. Wages and salaries, the largest component of personal income, increased 0.3 percent in February, the same increase as in January.

GDP Increases in Fourth Quarter

| The BEA Wire

Real gross domestic product (GDP) increased 2.2 percent in the fourth quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.4 percentage point from the “initial” estimate released in February. In the third quarter, real GDP increased 3.4 percent.

Gross Domestic Product, 4th quarter and annual 2018 (third estimate); Corporate Profits, 4th quarter and annual 2018

| News Release

Real gross domestic product (GDP) increased 2.2 percent in the fourth quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was revised down 0.4 percentage point from the “initial” estimate released in February. In the third quarter, real GDP increased 3.4 percent.

U.S. Current-Account Deficit Increases in 2018

| The BEA Wire

The U.S. current-account deficit increased to $488.5 billion (preliminary) in 2018 from $449.1 billion in 2017. As a percentage of U.S. GDP, the deficit increased to 2.4 percent from 2.3 percent.

U.S. International Transactions, 4th quarter and Year 2018

| News Release

The U.S. current-account deficit increased to $134.4 billion (preliminary) in the fourth quarter of 2018 from $126.6 billion (revised) in the third quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.6 percent of current-dollar gross domestic product (GDP) in the fourth quarter, up from 2.5 percent in the third quarter. The previously published current-account deficit for the third…

January 2019 Trade Gap is $51.1 Billion

| The BEA Wire

The U.S. monthly international trade deficit decreased in January 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $59.9 billion in December (revised) to $51.1 billion in January, as exports  increased and imports decreased. The previously published December deficit was $59.8 billion. The goods deficit decreased $8.2 billion in January to $73.3 billion…