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

New Foreign Direct Investment in the United States, 2014-2016

July 12, 2017 | The BEA Wire

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses were $373.4 billion in 2016, down $66.2 billion, or 15 percent, from $439.6 billion in 2015.

Expenditures by Foreign Direct Investors for New Investment in the United States, 2014 – 2016

July 12, 2017 | News Release

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $373.4 billion in 2016. Spending was down 15 percent from $439.6 billion in 2015, but was above the annual average of $350.0 billion for 2014-2015, and was well above the annual average of $226.0 billion for 2006-2008. As in previous years, expenditures to acquire existing businesses accounted for a large majority of the total.

It's Nearly Time for the Summer Ritual of Updating GDP Numbers

July 10, 2017 | The BEA Wire

The annual update of gross domestic product is coming soon. As it does every summer, the Bureau of Economic Analysis will revisit its earlier GDP estimates and other national data and make some changes. Does that mean the older numbers were wrong?

No, and here’s why:

Send Us Your Suggestions About Outdoor Recreation Statistics

July 7, 2017 | The BEA Wire

A notice in the Federal Register on June 26 opened a 30-day period for public comment about the first-of-its-kind Outdoor Recreation Satellite Account.

The project is a collaboration with the Federal Recreation Council, a group of seven agencies that are prominent stewards of public lands and waters. It was authorized by the Outdoor Recreation Jobs and Impact Act of 2016.

May 2017 Trade Gap is $46.5 Billion

July 6, 2017 | The BEA Wire

The U.S. monthly international trade deficit decreased in May 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $47.6 billion in April (revised) to $46.5 billion in May, as exports increased and imports decreased. The previously published April deficit was $47.6 billion. The goods deficit decreased $0.9 billion in May to $67.5 billion. The services surplus increased $0.2 billion in…

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

July 6, 2017 | News Release

Total May exports of $192.0 billion and imports of $238.5 billion resulted in a goods and services deficit of $46.5 billion.

U.S. Net International Investment Position First Quarter 2017

July 5, 2017 | The BEA Wire

The U.S. net international investment position increased to −$8,141.2 billion (preliminary) at the end of the first quarter of 2017 from −$8,318.4 billion (revised) at the end of the fourth quarter of 2016.*

Personal Savings Rate Rises in May

June 30, 2017 | The BEA Wire

Personal income increased 0.4 percent in May after increasing 0.3 percent in April. Personal dividend income increased 4.8 percent in May after increasing 0.4 percent in April.

Personal Income and Outlays, May 2017

June 30, 2017 | News Release

In May 2017, real disposable personal income increased 0.6 percent.

GDP Increases in First Quarter

June 29, 2017 | The BEA Wire

Real gross domestic product (GDP) increased 1.4 percent in the first quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.2 percentage point higher than the “second” estimate released last month. In the fourth quarter of 2016, real GDP increased 2.1 percent.