July 30, 2025

Gross Domestic Product, 2nd Quarter 2025 (Advance Estimate)

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. 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 spending. These movements were partly offset by decreases in investment and exports.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (Adv)
+3.0%
Personal Income
May 2025
-0.4%
International Trade in Goods and Services
May 2025
-$71.5 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

BEA Updates Regional Economic Impact Tool

| The BEA Wire

BEA's economic modeling tool that helps users analyze how a proposed project would ripple through a region's economy is now updated with new benchmark data.

The Transformative Power of BEA’s Supply-Use Tables

| The BEA Wire

A blog from BEA Director Vipin Arora

BEA’s supply-use tables may be the unsung hero of economic accounting.

For many, that description immediately brings to mind images of some well-known superhero sidekicks. Yet when I take a step back and think about the impact of supply-use tables, I am reminded of something else entirely: shipping containers.

New Foreign Direct Investment in the United States, 2023

| The BEA Wire

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023, down $57.4 billion, or 28 percent, from $206.2 billion in 2022. 

New Foreign Direct Investment in the United States, 2023

| News Release

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023 (chart 1), according to preliminary statistics released today by the U.S. Bureau of Economic Analysis. Expenditures decreased $57.4 billion, or 28 percent, from $206.2 billion (revised) in 2022 and were below the annual average of $265.6 billion for 2014–2022. As in previous years, acquisitions of existing U.S. businesses…

May 2024 Trade Gap is $75.1 Billion

| The BEA Wire

The U.S. goods and services trade deficit increased from $74.5 billion in April (revised) to $75.1 billion in May, as exports decreased more than imports. The goods deficit increased $0.9 billion to $100.2 billion, and the services surplus increased $0.3 billion to $25.1 billion.

U.S. International Trade in Goods and Services, May 2024

| News Release

The U.S. goods and services trade deficit increased in May 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $74.5 billion in April (revised) to $75.1 billion in May, as exports decreased more than imports. The goods deficit increased $0.9 billion in May to $100.2 billion. The services surplus increased $0.3 billion in May to $25.1 billion.

Corporate Profits: BEA’s Suite of Measures Are Essential Indicators

| The BEA Wire

A blog from BEA Director Vipin Arora

Every year, usually in January, I feel absolutely committed to getting a better handle on my finances. All I want to understand—not just at the end of the year, but throughout the year—is exactly what is coming in, what is going out, and what I have left over. Yet I can never seem to calculate these “personal profits,” nor how far I am from the mythical financial goals I’m supposed to have. Maybe my…

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2024

| The BEA Wire

Real gross domestic product increased in 39 states and the District of Columbia in the first quarter of 2024, with the percent change ranging from 5.0 percent at an annual rate in Idaho to –4.2 percent in South Dakota. 

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2024

| News Release

Real gross domestic product (GDP) increased in 39 states and the District of Columbia in the first quarter of 2024, with the percent change ranging from 5.0 percent at an annual rate in Idaho to –4.2 percent in South Dakota.

Personal Income and Outlays, May 2024

| The BEA Wire

Personal income increased $114.1 billion (0.5 percent at a monthly rate) in May. Disposable personal income (DPI)—personal income less personal current taxes—increased $94.0 billion (0.5 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $56.4 billion (0.3 percent) and consumer spending increased $47.8 billion (0.2 percent). Personal…