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

Personal Income and Outlays, October 2015

November 25, 2015 | News Release

Personal income increased $68.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $56.8 billion, or 0.4 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $15.2 billion, or 0.1 percent.

GDP Growth Rate Revised Up

November 24, 2015 | The BEA Wire

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.6 percentage point from the “advance” estimate released in October. In the second quarter, real GDP increased 3.9 percent.

GDP highlights The third-quarter increase in real GDP mainly reflected a rise in consumer spending. Spending on…

Gross Domestic Product, 3rd quarter 2015 (second estimate); Corporate Profits, 3rd quarter 2015 (preliminary estimate)

November 24, 2015 | News Release

Real gross domestic product -- the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes -- increased at an annual rate of 2.1 percent in the third quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent. The GDP estimate released today…

BEA's New and Existing Statistics Offer Economic Intel for Entrepreneurs and Business Community

November 23, 2015 | The BEA Wire

What are consumer spending patterns in California compared to New York? Which states are attracting new foreign investment?  How are different industries in each state performing on a quarterly basis? Those are just a few examples of the kinds of new statistics that the Bureau of Economic Analysis (BEA) is producing to give entrepreneurs even more economic intelligence as they chart strategies on marketing, investing, and hiring.…

BEA to Release New Statistics Detailing New Foreign Direct Investment in the United States on Nov. 30

November 20, 2015 | The BEA Wire

WASHINGTON – New statistics detailing the amount and type of new direct investment made in the United States by foreign investors will be released by the Bureau of Economic Analysis on Monday, Nov. 30.

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 2014 and will provide information on:

Local Area Personal Income: 2014

November 19, 2015 | The BEA Wire

Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13. On average, personal income rose 4.6 percent in 2014 in the metropolitan portion of the United States and rose 3.2 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 1.1 percent and 1.9 percent, respectively, in 2013. The percent change from 2013 to 2014 in personal income ranged from -35.1 percent in Wallace County,…

Local Area Personal Income, 2012 - 2014

November 19, 2015 | News Release

Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13, according to estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income rose 4.6 percent in 2014 in the metropolitan portion of the United States and rose 3.2 percent in the nonmetropolitan portion. The metropolitan and nonmetropolitan portions grew 1.1 percent and 1.9 percent, respectively, in 2013. The percent change from…

Statistics on the Activities of U.S. Affiliates of Foreign Multinational Enterprises Now Available for 2013; Updated Data Available for 2012

November 18, 2015 | The BEA Wire

Statistics detailing the activities of U.S. affiliates of foreign multinational enterprises (MNEs) are now available from the U.S. Bureau of Economic Analysis.  The statistics, which provide information for the first time for 2013 as well as updated data for 2012, offer details on the finances and operations of U.S.

Announcing the Commerce Data Service

November 10, 2015 | The BEA Wire

The Department of Commerce provides valuable services and data products that fuel the modern technology services Americans rely on every day. These data sets include information on technological innovation from the Patent and Trademark Office, demographic and economic data from the Census Bureau and the Bureau of Economic Analysis, export data from the International Trade Administration, and information on natural phenomena from the National…

Industry in Focus: Finance and Insurance and More

November 5, 2015 | The BEA Wire

This quarter, Industry in Focus is actually Industries in Focus. Beginning with this quarterly GDP by Industry release, we’re delighted to introduce a new set of products—the Quarterly Underlying Detail Tables. Previously, quarterly GDP by industry statistics were only available for 22 industries.