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

BEA Focuses on Data Users With Innovations in 2017, New Projects Ahead

December 26, 2017 | The BEA Wire

As we charge into 2018, it’s a fitting time to remember innovations over the past year that advanced the Bureau of Economic Analysis’ quest to produce the most accurate, timely, and objective statistics that promote better understanding of the nation’s economy.

Real Consumer Spending Rises in November

December 22, 2017 | The BEA Wire

Personal income increased 0.3 percent in November after increasing 0.4 percent in October. Wages and salaries, the largest component of personal income, increased 0.4 percent in November after increasing 0.2 percent in October.

Personal Income And Outlays, November 2017

December 22, 2017 | News Release

Personal income increased $54.0 billion (0.3 percent) in November according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $50.9 billion (0.4 percent) and personal consumption expenditures (PCE) increased $87.1 billion (0.6 percent).

GDP Up in the Third Quarter

December 21, 2017 | The BEA Wire

Real gross domestic product (GDP) increased 3.2 percent in the third quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.1 percentage point less than the “second” estimate released in November. In the second quarter of 2017, real GDP increased 3.1 percent.

Gross Domestic Product, 3rd quarter 2017 (third estimate); Corporate Profits, 3rd quarter 2017 (revised estimate)

December 21, 2017 | News Release

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2017 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.

State Personal Income, Third Quarter 2017

December 20, 2017 | The BEA Wire

State personal income increased 0.7 percent on average in the third quarter of 2017. In the second quarter, state personal income increased 0.6 percent. Increases in earnings and personal current transfer receipts were the leading contributors to the acceleration in personal income in the third quarter.

State Quarterly Personal Income, 3rd quarter 2017

December 20, 2017 | News Release

State personal income increased 0.7 percent on average in the third quarter of 2017, according to estimates released today by the Bureau of Economic Analysis (table 1). In the second quarter, state personal income increased 0.6 percent. Increases in earnings and personal current transfer receipts were the leading contributors to the acceleration in personal income in the third quarter.

U.S. Current-Account Deficit Decreases in Third Quarter 2017

December 19, 2017 | The BEA Wire

The U.S. current-account deficit decreased to $100.6 billion (preliminary) in the third quarter of 2017 from $124.4 billion (revised) in the second quarter of 2017. As a percentage of U.S. GDP, the deficit decreased to 2.1 percent from 2.6 percent. The previously published current-account deficit for the second quarter was $123.1 billion.

U.S. International Transactions, 3rd quarter 2017

December 19, 2017 | News Release

The U.S. current-account deficit decreased to $100.6 billion (preliminary) in the third quarter of 2017 from $124.4 billion (revised) in the second quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.1 percent of current- dollar gross domestic product (GDP) from 2.6 percent in the second quarter.

The New Way to Find Industry Data Fast

December 14, 2017 | The BEA Wire

Interested in industries? Our newest data tool shows you BEA’s statistics about an industry, pulled together in one place.

Industry Facts starts with a printable one-page overview of your industry of choice. There’s also a data table with more statistics and a longer time span, plus options for digging deeper into the numbers.