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

Real Personal Income for States and Metropolitan Areas

July 7, 2016 | News Release

Real personal income across all regions rose by an average of 2.9 percent in 2014. This growth rate reflects the year-over-year change in nominal personal income across all regions adjusted by the change in the national personal consumption expenditures (PCE) price index. On a nominal basis, personal income across all regions grew an average of 4.4 percent in 2014. In 2014, the U.S. PCE price index grew 1.4 percent.

May 2016 Trade Gap is $41.1 Billion

July 6, 2016 | The BEA Wire

The U.S. monthly international trade deficit increased in May 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $37.4 billion in April (revised) to $41.1 billion in May, as exports decreased and imports increased. The previously published April deficit was $37.4 billion. The goods deficit increased $3.7 billion from April to $62.2 billion in May. The services surplus decreased $0.1…

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

July 6, 2016 | 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 May 2016 The U.S. Census Bureau and the U.S.

Coming July 13: Statistics on New Foreign Investment in 2014 and 2015

July 1, 2016 | The BEA Wire

SUITLAND, Md. — Statistics detailing the amount and type of new direct investments made in the United States by foreign investors will be released by the Bureau of Economic Analysis on Wednesday, July 13.

The data will be available in a news release on BEA’s website at 8:30 a.m. eastern time. The statistics cover new direct investments initiated in 2015 and 2014 and will provide information on:

U.S. Net International Investment Position: End of the First Quarter of 2016

June 30, 2016 | The BEA Wire

The U.S. net international investment position at the end of the first quarter of 2016 was -$7,525.6 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets. At the end of the fourth quarter of 2015, the net investment position was -$7,280.6 billion (revised).

U.S. International Investment Position, 1st quarter 2016, annual 2015, and annual revisions

June 30, 2016 | News Release

First Quarter of 2016

The U.S. net international investment position at the end of the first quarter of 2016 was −$7,525.6 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets (chart 1, table 1). At the end of the fourth quarter of 2015, the net investment position was -$7,280.6 billion (revised).

Why Do Old GDP Numbers Keep Changing?

June 29, 2016 | The BEA Wire

BEA is getting ready for its big summer update of GDP and other national economic statistics, coming in late July. This annual ritual of refining figures from the last three years can be confusing. People wonder: Were the old numbers wrong? Are these new figures final? No, and not really.

Real Consumer Spending Slows in May

June 29, 2016 | The BEA Wire

Personal income increased 0.2 percent in May after increasing 0.5 percent in April. Wages and salaries, the largest component of personal income, increased 0.2 percent in May after increasing 0.5 percent in April.

Personal Income and Outlays, May 2016

June 29, 2016 | News Release

Personal income increased $37.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $33.9 billion, or 0.2 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $53.5 billion, or 0.4 percent.

GDP Increases in First Quarter

June 28, 2016 | The BEA Wire

"Third" estimate of GDP

Real gross domestic product (GDP) increased 1.1 percent in the first 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 last month. In the fourth quarter of 2015, real GDP increased 1.4 percent.