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

2020 Trade Gap is $681.7 Billion

March 5, 2021 | The BEA Wire

The U.S. international trade deficit increased in 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $576.9 billion in 2019 to $681.7 billion in 2020, as exports decreased more than imports. As a percentage of U.S. gross domestic product, the goods and services deficit was 3.3 percent in 2020, up from 2.7 percent in 2019. The goods deficit increased from $864.3 billion in 2019 to $915…

January 2021 Trade Gap is $68.2 Billion

March 5, 2021 | The BEA Wire

The U.S. monthly international trade deficit increased in January 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.0 billion in December (revised) to $68.2 billion in January, as imports increased more than exports. The previously published December deficit was $66.6 billion. The goods deficit increased $1.3 billion in January to $85.4 billion. The services surplus increased $0.…

U.S. International Trade in Goods and Services, January 2021

March 5, 2021 | News Release

The U.S. monthly international trade deficit increased in January 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.0 billion in December (revised) to $68.2 billion in January, as imports increased more than exports. The previously published December deficit was $66.6 billion. The goods deficit increased $1.3 billion in January to $85.4 billion. The services surplus increased $0.1…

Personal Income and Outlays, January 2021

February 26, 2021 | The BEA Wire

Personal income increased 10.0 percent (monthly rate) while consumer spending increased 2.4 percent in January as provisions of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act enacted on December 27, 2020, began to take effect.

Personal Income and Outlays, January 2021

February 26, 2021 | News Release

Personal income increased 10.0 percent (monthly rate) while consumer spending increased 2.4 percent in January as provisions of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act enacted on December 27, 2020, began to take effect.

Gross Domestic Product, Fourth Quarter and Year 2020

February 25, 2021 | The BEA Wire

Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.1 percentage point higher than the “advance” estimate released in January. In the…

Gross Domestic Product, Fourth Quarter and Year 2020 (Second Estimate)

February 25, 2021 | News Release

Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.1 percentage point higher than the “advance” estimate released in January. In the third…

Gross Domestic Product for Guam, 2019

February 16, 2021 | News Release

The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—increased 2.0 percent in 2019. This release also includes the results of a comprehensive update of the territorial economic accounts.

Gross Domestic Product for Guam, 2019

February 16, 2021 | The BEA Wire

The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—increased 2.0 percent in 2019.

2020 Trade Gap is $678.7 Billion

February 5, 2021 | The BEA Wire

The U.S. international trade deficit increased in 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $576.9 billion in 2019 to $678.7 billion in 2020, as exports decreased more than imports. As a percentage of U.S. gross domestic product, the goods and services deficit was 3.2 percent in 2020, up from 2.7 percent in 2019. The goods deficit increased from $864.3 billion in 2019 to $915…