April 30, 2025

Personal Income and Outlays, March 2025/ Gross Domestic Product, 1st Quarter 2025 (Advance Estimate)

Gross Domestic Product, 1st Quarter 2025 (Advance Estimate)

Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and March), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment, consumer spending, and exports.

Personal Income and Outlays, March 2025

Personal income increased $116.8 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $102.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $134.5 billion (0.7 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $136.6 billion in March. Personal saving was $872.3 billion in March and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2025 (Adv)
-0.3%
Personal Income
March 2025
+0.5%
International Trade in Goods and Services
February 2025
-$122.7 B
International Transactions
Q4 2024
-$303.9 B

Noteworthy

The Latest

GDP Increases in Fourth Quarter

January 26, 2018 | The BEA Wire

Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

Gross Domestic Product, 4th quarter and annual 2017 (advance estimate)

January 26, 2018 | News Release

Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.

Gross Domestic Product (GDP) by State: Third Quarter 2017

January 24, 2018 | The BEA Wire

Real gross domestic product (GDP) increased in every state and the District of Columbia in the third quarter of 2017. Real GDP by state growth in the third quarter ranged from 5.7 percent in Delaware to 0.5 percent in South Dakota.

Gross Domestic Product by State, 3rd quarter 2017

January 24, 2018 | News Release

Real gross domestic product (GDP) increased in every state and the District of Columbia in the third quarter of 2017, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth in the third quarter ranged from 5.7 percent in Delaware to 0.5 percent in South Dakota (table 1).

Gross Domestic Product by Industry: Third Quarter 2017

January 19, 2018 | The BEA Wire

Finance and insurance; durable goods manufacturing; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2017. Overall, 18 of 22 industry groups contributed to the 3.2 percent increase in real GDP in the third quarter.

Gross Domestic Product by Industry, 3rd quarter 2017

January 19, 2018 | News Release

Finance and insurance; durable goods manufacturing; and information services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2017. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 18 of 22 industry groups contributed to the overall 3.2 percent increase in real GDP in the third quarter.

November 2017 Trade Gap is $50.5 Billion

January 5, 2018 | The BEA Wire

The U.S. monthly international trade deficit increased in November 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $48.9 billion in October (revised) to $50.5 billion in November, as imports increased more than exports. The previously published October deficit was $48.7 billion. The goods deficit increased $1.7 billion in November to $70.9 billion. The services surplus increased $0…

U.S. International Trade in Goods and Services, November 2017

January 5, 2018 | News Release

The U.S. monthly international trade deficit increased in November 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $48.9 billion in October (revised) to $50.5 billion in November, as imports increased more than exports.

U.S. Net International Investment Position Third Quarter 2017

December 28, 2017 | The BEA Wire

The U.S. net international investment position increased to −$7,768.7 billion (preliminary) at the end of the third quarter from −$8,004.1 billion (revised) at the end of the second quarter. The $235.4 billion increase reflected net financial transactions of –$87.4 billion and net other changes in position, such as price and exchange-rate changes, of $322.8 billion.

U.S. International Investment Position, 3rd quarter 2017

December 28, 2017 | News Release

The U.S. net international investment position increased to -$7,768.7 billion (preliminary) at the end of the third quarter of 2017 from -$8,004.1 billion (revised) at the end of the second quarter, according to statistics released by the Bureau of Economic Analysis (BEA). The $235.4 billion increase reflected a $1,001.2 billion increase in U.S. assets and a $765.8 billion increase in U.S. liabilities (table 1).