June 27, 2025

Split Personal Income and Outlays, May 2025 and Gross Domestic Product by State and Personal Income by State, 1st Quarter 2025

Personal Income and Outlays, May 2025

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 payments—decreased $27.6 billion in May. Personal saving was $1.01 trillion in May and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.5 percent.

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2025

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.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2025 (3rd)
-0.5%
Personal Income
May 2025
-0.4%
International Trade in Goods and Services
April 2025
-$61.6 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

U.S. International Trade in Goods and Services: November 2007

January 11, 2008 | News Release

U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES November 2007 Goods and Services The U.S. Census Bureau and the U.S.

Personal Income and Outlays, November 2007

December 21, 2007 | News Release

NOVEMBER 2007 Personal income increased $43.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $32.9 billion, or 0.3 percent, in November, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $110.6 billion, or 1.1 percent.

County Estimates of Compensation by Industry, 2004-2006

December 20, 2007 | News Release

WASHINGTON DC, DECEMBER 20, 2007 – Today, the Bureau of Economic Analysis (BEA) released county estimates of compensation by industry for 2004–2006. The estimates for 2004–2005 have been revised to incorporate newly available source data; the estimates for 2006 are released for the first time.

Gross Domestic Product and Corporate Profits: Third Quarter 2007 "final" estimates

December 20, 2007 | News Release

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.9 percent in the third quarter of 2007, according to final estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8 percent. The GDP estimates released today are based on more complete source data than were available for the…

State Quarterly Personal Income, 1st quarter 2006-3rd quarter 2007

December 19, 2007 | News Release

WASHINGTON DC, DECEMBER 19, 2007 - U.S. personal income growth accelerated to 1.4 percent in the third quarter of 2007 from 0.9 percent in the second quarter. The acceleration returns the personal income growth rate close to its average for the last two years after a strong first quarter and weaker second quarter.

Tourism Satellite Accounts, Third Quarter 2007

December 18, 2007 | News Release

December 2007

Real direct tourism spending increased at an annual rate of 1.6 percent in the third quarter of 2007, according to data released today by the U.S. Bureau of Economic Analysis.  In the second quarter, real direct tourism spending (all output consumed by visitors) decreased 0.6 percent (revised).  By comparison, real gross domestic product (GDP) grew at an annual rate of 4.9 percent (preliminary) in the third quarter of 2007…

U.S. International Transactions: Third Quarter 2007

December 17, 2007 | News Release

U.S. International Transactions: Third Quarter 2007

U.S. International Trade in Goods and Services: October 2007

December 12, 2007 | News Release

U.S. International Trade in Goods and Services OCTOBER 2007

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Personal Income and Outlays, October 2007

November 30, 2007 | News Release

OCTOBER 2007 EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, NOVEMBER 30, 2007 James E.

Gross Domestic Product and Corporate Profits: Third Quarter 2007 "preliminary" estimates

November 29, 2007 | News Release

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.9 percent in the third quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8 percent. The GDP estimates released today are based on more complete source data than were available for the…