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

Guest Blog: U.S. Remains No. 1 Choice for Foreign Investment – New Stats Released

December 3, 2015 | The BEA Wire

This is a guest blog by Vinai Thummalapally, Executive Director of SelectUSA.

On Monday, the Bureau of Economic Analysis (BEA) released highly-anticipated data highlighting new foreign direct investment (FDI) expenditures in the United States.

Bureau of Economic Analysis Releases Two New Data Sets to Deepen Understanding of U.S. Economy

December 3, 2015 | The BEA Wire

In the past two days, the Commerce Department’s Bureau of Economic  Analysis (BEA) has released two brand new sets of economic statistics that business people, entrepreneurs, policy makers, households and others can use to make more informed decisions in their professional and personal lives.

Guam's Economy Grew 1 Percent in 2014

December 2, 2015 | The BEA Wire

Guam’s real gross domestic product — adjusted to remove price changes — increased 1 percent in 2014.   For comparison, economic growth for the United States (excluding the territories) increased 2.4 percent during the same period.

Growth in Guam was widespread among the components of GDP and included increases in private fixed investment, government spending and consumer spending.  Growth in these components was partly…

Gross Domestic Product for Guam, 2014

December 2, 2015 | News Release

This release is available as a PDF download.

 

BEA Introduces New Measures of the Regional Economy

December 1, 2015 | The BEA Wire

Today, the U.S. Bureau of Economic Analysis released official statistics on personal consumption expenditures (PCE) by state for 1997-2014. PCE by state – the measure of goods and services purchased by or on behalf of households by state of residence – provides insight into household spending patterns across states and can be used together with other regional data to gain a better understanding of regional economies.

Personal Consumption Expenditures by State, 1997-2014

December 1, 2015 | News Release

Today, the U.S. Bureau of Economic Analysis released its first set of official statistics on personal consumption expenditures (PCE) by state for 1997-20141. PCE by state – the measure of goods and services purchased by or on behalf of households by state of residence – provides insight into household spending patterns across states and can be used together with other regional data to gain a better understanding of regional economies.

New Statistics Detailing New Investment in the United States by Foreign Direct Investors Are Now Available

November 30, 2015 | The BEA Wire

Statistics detailing the amount and type of new investment made in the United States by foreign direct investors to acquire, establish, or expand U.S. businesses are now available from the Bureau of Economic Analysis. The statistics cover new investments initiated in 2014 and offer details on these investments, including the countries from which the new investment originates, the U.S. industries that are drawing new investments, and U.S.…

New Foreign Direct Investment in the United States, 2014

November 30, 2015 | News Release

Expenditures by foreign direct investors for new investment—that is, to acquire, establish, or expand U.S. businesses—totaled $241.3 billion in 2014, according to the Bureau of Economic Analysis (BEA) in statistics released today. Acquisitions accounted for most of the investment.

BEA to Release New Statistics Detailing Consumer Spending in Every State for 2014

November 27, 2015 | The BEA Wire

New statistics detailing consumer spending by state will be released Tuesday, Dec. 1 at 8:30 a.m. eastern time by the U.S. Bureau of Economic Analysis.

Personal Income Increases in October

November 25, 2015 | The BEA Wire

Personal income increased 0.4 percent in October, after increasing 0.2 percent in September. Wages and salaries, the largest component of personal income increased 0.6 percent in October after remaining flat in September.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in October after increasing 0.2 percent in September.

Real DPI, income adjusted for taxes and inflation…