June 27, 2025

Split Personal Income and Outlays, May 2025 and Gross Domestic Product by State and Personal Income by State, 1st Quarter 2025

Personal Income and Outlays, May 2025

Personal income decreased $109.6 billion (0.4 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $125.0 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $29.3 billion (0.1 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—decreased $27.6 billion in May. Personal saving was $1.01 trillion in May and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.5 percent.

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2025

Real gross domestic product decreased in 39 states in the first quarter of 2025, with the percent change ranging from 1.7 percent at an annual rate in South Carolina to –6.1 percent in Iowa and Nebraska.

Personal income, in current dollars, increased in all 50 states and the District of Columbia in the first quarter of 2025, with the percent change ranging from 12.7 percent at an annual rate in North Dakota to 3.2 percent in Washington state.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2025 (3rd)
-0.5%
Personal Income
May 2025
-0.4%
International Trade in Goods and Services
April 2025
-$61.6 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Personal Income Increases in July

August 31, 2017 | The BEA Wire

Personal income increased 0.4% in July after showing no change in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June.

Personal Income and Outlays, July 2017

August 31, 2017 | News Release

In July 2017, real disposable personal income increased 0.2 percent.

GDP Increases in Second Quarter

August 30, 2017 | The BEA Wire

Real gross domestic product (GDP) increased 3.0 percent in the second quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.4 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP increased 1.2 percent.

Gross Domestic Product, 2nd quarter 2017 (second estimate); Corporate Profits, 2nd quarter 2017 (preliminary estimate)

August 30, 2017 | News Release

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent.

Measuring How Much People Save: An Inside Look at the Personal Saving Rate

August 21, 2017 | The BEA Wire

The personal saving rate, technically described by BEA as “personal saving as a percentage of disposable personal income,” is the percentage households save of their after-tax income. For 2016, the rate was 4.9 percent. The saving rate is published monthly, quarterly, and annually with BEA’s Gross Domestic Product and Personal Income and Outlays statistics. Personal saving statistics are used by businesses, the White House and Congress, the…

BEA Releases New Health Care Statistics for 2014

August 17, 2017 | The BEA Wire

The Bureau of Economic Analysis released a new set of statistics detailing how much the United States spends to treat different diseases and medical conditions.

Statistics on the Activities of U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2015; Revised Data Available for 2014

August 16, 2017 | The BEA Wire

Statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis. The statistics, which provide new data for 2015, as well as revised data for 2014, offer details on the activities of U.S.

Gross Domestic Product for American Samoa, 2016

August 14, 2017 | News Release

This release is available as a PDF download.

 

American Samoa GDP Turns Down in 2016

August 14, 2017 | The BEA Wire

The Bureau of Economic Analysis released estimates of gross domestic product for American Samoa for 2016 as well as estimates of GDP by industry and compensation by industry for 2015.  These estimates were developed under the Statistical Improvement Program funded by the Office of Insular Affairs  of the U.S. Department of the Interior.

Revised estimates of GDP for 2013 to 2015 and revised estimates of GDP by industry and compensation…

June 2017 Trade Gap is $43.6 Billion

August 4, 2017 | The BEA Wire

The U.S. monthly international trade deficit decreased in June 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $46.4 billion in May (revised) to $43.6 billion in June, as exports increased and imports decreased. The previously published May deficit was $46.5 billion. The goods deficit decreased $2.1 billion in June to $65.2 billion. The services surplus increased $0.6 billion in…