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

Real Disposable Personal Income Declines in June

August 1, 2017 | The BEA Wire

Personal income was unchanged in June after increasing 0.3 percent in May. Wages and salaries, the largest component of personal income, increased 0.4 percent in June after increasing 0.1 percent in May.

Personal Income and Outlays, June 2017; Annual Update 2014 through May 2017

August 1, 2017 | News Release

In June 2017, real disposable personal income decreased 0.1 percent.

GDP Increases in Second Quarter

July 28, 2017 | The BEA Wire

Real gross domestic product (GDP) increased 2.6 percent in the second quarter of 2017, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent (revised).

Gross Domestic Product, 2nd quarter 2017 (advance estimate), and annual update

July 28, 2017 | News Release

Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent (revised). The Bureau emphasized that the second-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see “Source…

Gross Domestic Product by State: First Quarter of 2017

July 26, 2017 | The BEA Wire

Real gross domestic product (GDP) increased in 43 states and the District of Columbia in the first 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 ranged from 3.9 percent in Texas to –4.0 percent in Nebraska. Real estate and rental and leasing; mining; and durable-goods manufacturing were the leading contributors to U.S. economic growth…

Gross Domestic Product by State, 1st quarter 2017

July 26, 2017 | News Release

Real gross domestic product (GDP) increased in 43 states and the District of Columbia in the first quarter of 2017. Real GDP by state growth in the first quarter ranged from 3.9 percent in Texas to -4.0 percent in Nebraska.

Detailed Direct Investment Data for 2016 Now Available

July 24, 2017 | The BEA Wire

Detailed statistics on U.S. direct investment abroad – or “outward direct investment”– and on foreign direct investment in the United States – or “inward direct investment” – are now available on BEA’s website.

Real Estate and Rental and Leasing Led Growth in the First Quarter

July 21, 2017 | The BEA Wire

Real estate and rental and leasing; mining; and durable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2017. Overall, 13 of 22 industry groups contributed to the 1.4 percent increase in real GDP in the first quarter.

Gross Domestic Product by Industry, 1st quarter 2017

July 21, 2017 | News Release

Real estate and rental and leasing; mining; and durable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2017. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 13 of 22 industry groups contributed to the overall 1.4 percent increase in real GDP in the first quarter.

June 2017

July 13, 2017 | Survey of Current Business

Upcoming in the Survey... Annual Update of the International Economic Accounts. A summary of the major sources of the revisions to these accounts for 2013–2016. Direct Investment Positions by Country and by Industry. A more detailed look at inward and outward direct investment in 2016. International Investment Position. A look at the positions at the end of 2016 and the first quarter of 2017. U.S.