Bureau of Economic Analysis

Real gross domestic product decreased in 39 states in the first quarter of 2025, with the percent change ranging from 1.7 percent at an annual rate in South Carolina to –6.1 percent in Iowa and Nebraska. Personal income, in current dollars, increased in all 50 states and the District of Columbia in the first quarter of 2025, with the percent change ranging from 12.7 percent at an annual rate in North Dakota to 3.2 percent in Washington state.

Personal income decreased $109.6 billion (0.4 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $125.0 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $29.3 billion (0.1 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer…

Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in…

The U.S. current-account deficit widened by $138.2 billion, or 44.3 percent, to $450.2 billion in the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $312.0 billion. The first-quarter deficit was 6.0 percent of current-dollar gross domestic product, up from 4.2 percent in the fourth quarter.

A blog from BEA Director Vipin Arora

A consistent theme throughout the history of BEA and its forerunners—driven by significant public and policymaker demand—is the expansion of our regional statistics. This expansion began with the publication of our first annual statistics on state income payments in 1939, and has continued since.

The Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show the marine economy accounted for $511.0 billion, or 1.8 percent, of current-dollar U.S. gross domestic product in 2023, an increase from $482.4 billion in 2022. The marine economy accounted for $826.6 billion, or 1.7 percent, of current-dollar gross output in 2023.

The U.S. monthly international trade deficit decreased in April 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $138.3 billion in March (revised) to $61.6 billion in April, as exports increased and imports decreased. The goods deficit decreased $75.2 billion in April to $87.4 billion. The services surplus increased $1.5 billion in April to $25.8 billion.

The U.S. monthly international trade deficit decreased in April 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $138.3 billion in March (revised) to $61.6 billion in April, as exports increased and imports decreased. The goods deficit decreased $75.2 billion in April to $87.4 billion. The services surplus increased $1.5 billion in April to $25.8 billion.

Gross domestic product, the total value of goods and services produced within the United States minus the value of goods and services, or inputs, used in production, can be measured three different ways: 1) expenditures approach, 2) income approach, and 3) production approach.

The most well-known method for computing GDP is the expenditures approach, the sum of all domestically produced goods and services sold to final users1. This…

Personal income increased $210.1 billion (0.8 percent at a monthly rate) in April, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $189.4 billion (0.8 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…