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 and Outlays, April 2017

May 30, 2017 | News Release

Personal income increased $58.4 billion (0.4 percent) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $56.5 billion (0.4 percent) and personal consumption expenditures (PCE) increased $53.2 billion (0.4 percent).

GDP Increases in First Quarter

May 26, 2017 | The BEA Wire

Real gross domestic product (GDP) increased 1.2 percent in the first quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.5 percentage points higher than the “advance” estimate released in April. In the fourth quarter of 2016, real GDP rose 2.1 percent.

Gross Domestic Product, 1st quarter 2017 (second estimate); Corporate Profits, 1st quarter 2017 (preliminary estimate)

May 26, 2017 | News Release

Real gross domestic product (GDP) increased at an annual rate of 1.2 percent in the first quarter of 2017, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent.

Picking the Right Health Care Price Index

May 19, 2017 | The BEA Wire

Researchers studying the hot topic of rising health care costs face a complicated choice: which price index to use.

There’s an array of government inflation indexes that differ in scope, formula and data sources. Choosing the right one can be critical to your research findings.

In-depth Data on Foreign Investment Get an Update

May 16, 2017 | The BEA Wire

The Bureau of Economic Analysis has updated its most detailed data on foreign-owned businesses in the United States, providing an extraordinary level of detail for researchers and others interested in the effects of foreign direct investment in U.S. states and specific industries.

Finance and Insurance Led Growth Across States in the Fourth Quarter

May 11, 2017 | The BEA Wire

Real gross domestic product (GDP) increased in every state and the District of Columbia in the fourth quarter of 2016, 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 3.4 percent in Texas to 0.1 percent in Kansas and Mississippi. Finance and insurance; retail trade; and professional, scientific, and technical services were the leading…

Gross Domestic Product by State, 4th quarter 2016 and annual 2016

May 11, 2017 | News Release

Real gross domestic product (GDP) increased in every state and the District of Columbia in the fourth quarter of 2016. Real GDP by state growth ranged from 3.4 percent in Texas to 0.1 percent in Kansas and Mississippi.

March 2017 Trade Gap is $43.7 Billion

May 4, 2017 | The BEA Wire

The U.S. monthly international trade deficit decreased in March 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.8 billion in February (revised) to $43.7 billion in March, as imports decreased more than exports. The previously published February deficit was $43.6 billion. The goods deficit increased $0.4 billion in March to $65.5 billion. The services surplus increased $0.4…

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

May 4, 2017 | News Release

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in March, down $0.1 billion from $43.8 billion in February, revised. March exports were $191.0 billion, $1.7 billion less than February exports. March imports were $234.7 billion, $1.7 billion less than February imports.