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

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.

Finance and Insurance Led Growth in the Second Quarter: Gross Domestic Product by Industry

November 5, 2015 | The BEA Wire

Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to the increase in U.S. economic growth in the second quarter of 2015. Overall, 18 of 22 industry groups contributed to the 3.9 percent increase in real GDP in the second quarter.

Gross Domestic Product by Industry, 2nd quarter, 2015

November 5, 2015 | News Release

Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to the increase in U.S. economic growth in the second quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 18 of 22 industry groups contributed to the 3.9 percent increase in real GDP in the second quarter.…

September 2015 Trade Gap is $40.8 Billion

November 4, 2015 | The BEA Wire

The U.S. monthly international trade deficit decreased in September 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.0 billion in August (revised) to $40.8 billion in September, as exports increased and imports decreased. The previously published August deficit was $48.3 billion. The goods deficit decreased $7.3 billion from August to $60.3 billion in September. The services…

U.S. International Trade in Goods and Services, September 2015

November 4, 2015 | 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 SEPTEMBER 2015 The U.S. Census Bureau and the U.S.

Real Consumer Spending Increases in September

October 30, 2015 | The BEA Wire

Personal income increased 0.1 percent in September, after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, remained flat in September after rising 0.5 percent in August.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.1 percent in September after increasing 0.4 percent in August.

Real DPI, income adjusted for taxes and inflation, increased…

Personal Income and Outlays, September 2015

October 30, 2015 | News Release

Personal income increased $18.6 billion, or 0.1 percent, and disposable personal income (DPI) increased $19.2 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $15.6 billion, or 0.1 percent. In August, personal income increased $54.9 billion, or 0.4 percent, DPI increased $49.5 billion, or 0.4 percent, and PCE increased $44.2 billion, or 0.4 percent, based on…

GDP Increases in Third Quarter

October 29, 2015 | The BEA Wire

Real gross domestic product (GDP) increased 1.5 percent in the third quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis. 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 services increased, notably on health care. Spending on nondurable and durable goods also rose.

Gross Domestic Product, 3rd quarter 2015 (advance estimate)

October 29, 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 1.5 percent in the third quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis.