Bureau of Economic Analysis

Real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the fourth quarter of 2025 (October, November, and December), according to the advance estimate released today by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 4.4 percent. The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by…

Personal income increased $86.2 billion (0.3 percent at a monthly rate) in December, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $75.7 billion (0.3 percent), and personal consumption expenditures (PCE) increased $91.0 billion (0.4 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…

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…

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.

 A blog post from BEA Director Vipin Arora

Every month, Americans eagerly anticipate BEA’s GDP and personal income and outlays estimates. These statistics are essential for understanding, for instance, how fast our economy is growing, or how rapidly the incomes of people across the country are rising.

Real gross domestic product (GDP) increased in 2,273 counties, decreased in 809 counties, and was unchanged in 24 counties in 2024. County-level changes ranged from a 76.6 percent increase in Carter County, MT, to a 46.3 percent decline in Baca County, CO. Personal income, in current dollars, increased in 2,768 counties, decreased in 331, and was unchanged in 7 counties in 2024. County-level changes ranged from a 22.6 percent increase in…

A blog post from BEA Director Vipin Arora 

Have you ever noticed how some things just go better together? Probably tops on my list are peanut butter and chocolate—neither one is the same without the other. But don’t forget about raisins and bran or watermelon and feta cheese (surprisingly better than it sounds).

The U.S. goods and services trade deficit increased in November 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $29.2 billion in October (revised) to $56.8 billion in November, as exports decreased and imports increased. The goods deficit increased $27.9 billion in November to $86.9 billion. The services surplus increased $0.3 billion in November to $30.1 billion.

SUITLAND, Md. – The following update to BEA’s post-shutdown economic release schedule is currently available:

International Trade in Goods and Services, December and Annual 2025, will be released on Feb. 19 at 8:30 a.m. These data were originally scheduled for release on Feb. 5. 

A blog post from BEA Director Vipin Arora 

A couple of years ago, I wrote about our success in harmonizing BEA’s national, industry, and regional statistics. This was a monumental achievement. It ensured that for any given update, the national, industry, and regional statistics cover the same periods, use the same vintages of underlying source data, and are based on comparable methods and classification frameworks.