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's API Expands Access to International Services Trade Data

January 9, 2017 | The BEA Wire

More good news for developers and other “power users” of BEA data: The most detailed data on U.S. international trade in services published by the Bureau of Economic Analysis are now accessible through our application programming interface, or API. This includes detailed annual statistics on U.S.

November 2016 Trade Gap is $45.2 Billion

January 6, 2017 | The BEA Wire

The U.S. monthly international trade deficit increased in November 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.4 billion in October (revised) to $45.2 billion in November, as exports decreased and imports increased. The previously published October deficit was $42.6 billion. The goods deficit increased $3.4 billion in November to $66.6 billion. The services surplus…

U.S. International Trade in Goods and Services, November 2016

January 6, 2017 | News Release

U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES November 2016 The U.S. Census Bureau and the U.S.

U.S. Net International Investment Position Third Quarter 2016

December 29, 2016 | The BEA Wire

The U.S. net international investment position increased to −$7,781.1 billion (preliminary) at the end of the third quarter of 2016 from −$8,026.9 billion (revised) at the end of the second quarter.

U.S. International Investment Position, 3rd quarter 2016

December 29, 2016 | News Release

The U.S. net international investment position increased to -$7,781.1 billion (preliminary) at the end of the third quarter of 2016 from -$8,026.9 billion (revised) at the end of the second quarter, according to statistics released today by the Bureau of Economic Analysis (BEA). The $245.8 billion increase in the net investment position reflected a $346.2 billion increase in U.S. assets and a $100.5 billion increase in U.S.…

Looking Back at 2016 and Ahead to the New Year

December 27, 2016 | The BEA Wire

As BEA marches toward 2017, here are just a few highlights from 2016, part of continuous efforts to help businesses and the American public better understand the performance of the nation’s dynamic economy.

Consumer Spending Rises in November

December 22, 2016 | The BEA Wire

Personal income was unchanged in November after increasing 0.5 percent in October. Wages and salaries, the largest component of personal income, decreased 0.1 percent in November after increasing 0.5 percent in October.

GDP Increases in Third Quarter

December 22, 2016 | The BEA Wire

Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2016, according to the “third” estimate released by the Bureau of Economic Analysis. The growth rate was 0.3 percentage point higher than the “second” estimate released in November. In the second quarter, real GDP rose 1.4 percent.

Personal Income and Outlays, November 2016

December 22, 2016 | News Release

Personal income increased $1.6 billion (less than 0.1 percent) in November according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $1.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $24.0 billion (0.2 percent).

Gross Domestic Product, 3rd quarter 2016 (third estimate); Corporate Profits, 3rd quarter 2016 (revised estimate)

December 22, 2016 | News Release

Real gross domestic product increased at an annual rate of 3.5 percent in the third quarter of 2016 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month.