Bureau of Economic Analysis

Real gross domestic product (GDP) increased in 48 states in the second quarter of 2025. The percent change at an annual rate in real GDP was 3.8 percent nationally, with state-level changes ranging from a 7.3 percent increase in North Dakota to a 1.1 percent decline in Arkansas. Personal income increased in all 50 states and the District of Columbia in the second quarter of 2025. The percent change at an annual rate in current-dollar…

Personal income increased $95.7 billion (0.4 percent at a monthly rate) in August, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $86.1 billion (0.4 percent) and personal consumption expenditures (PCE) increased $129.2 billion (0.6 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…

Real gross domestic product (GDP) increased at an annual rate of 3.8 percent in the second quarter of 2025 (April, May, and June), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.6 percent (revised). The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer…

The U.S. current-account deficit narrowed by $188.5 billion, or 42.9 percent, to $251.3 billion in the second quarter of 2025, according to statistics released today by BEA. The revised first-quarter deficit was $439.8 billion. The second-quarter deficit was 3.3 percent of current-dollar gross domestic product, down from 5.9 percent in the first quarter.

Real gross domestic product for Puerto Rico increased 3.0 percent in 2023 after decreasing 2.1 percent in 2022. The increase in real gross domestic product (GDP) in 2023 primarily reflected an increase in exports. Personal consumption expenditures, government spending, and private fixed investment also increased. These increases were partly offset by a decrease in private inventory investment. Imports, which are a subtraction in the calculation…

BEA’s release of the annual update of gross domestic product and related statistics, including GDP by industry, begins Sept. 25. Updates of state and county statistics start Sept. 26. 

For the first time, export and import statistics are available for U.S. trade in services with 237 countries and areas, up from 90 previously. Ecuador, Ethiopia, Lebanon, Pakistan, and Ukraine are among the countries newly broken out from BEA’s overall services trade statistics. 

The U.S. goods and services trade deficit increased in July 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $59.1 billion in June (revised) to $78.3 billion in July, as imports increased more than exports. The goods deficit increased $18.2 billion in July to $103.9 billion. The services surplus decreased $1.1 billion in July to $25.6 billion.

How much does research and development activity contribute to your state’s economy? How does that compare nationally? And how have R&D trends shifted across industries? To help answer these questions and more, the Bureau of Economic Analysis is updating and expanding R&D statistics introduced last year.

Personal income increased $112.3 billion (0.4 percent at a monthly rate) in July, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $93.9 billion (0.4 percent) and personal consumption expenditures (PCE) increased $108.9 billion (0.5 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…