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

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

September 3, 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 JULY 2015 The U.S. Census Bureau and the U.S.

Gross Domestic Product by State, 1st Quarter of 2005 through 4th quarter of 2014 (prototype statistic)

September 2, 2015 | News Release

Today, the U.S. Bureau of Economic Analysis (BEA) is releasing prototype quarterly gross domestic product (GDP) by state statistics for 2005–2014. The quarterly GDP by state statistics are released for 21 industry sectors and are in both current and inflation-adjusted chained (2009) dollars.

Personal Income Rises in July

August 28, 2015 | The BEA Wire

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in July after increasing 0.4 percent in June.

Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July after increasing less than 0.1 percent in June. Spending on durable…

Personal Income and Outlays, July 2015

August 28, 2015 | News Release

Personal income increased $67.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $61.5 billion, or 0.5 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $37.4 billion, or 0.3 percent.

GDP Increases in Second Quarter

August 27, 2015 | The BEA Wire

Real gross domestic product (GDP) increased 3.7 percent in the second quarter of 2015, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was revised up 1.4 percentage points from the “advance” estimate released in July. In the first quarter, real GDP increased 0.6 percent.

GDP highlights The second-quarter increase in real GDP mainly reflected an increase in consumer spending. Spending on…

Gross Domestic Product, 2nd quarter 2015 (second estimate); Corporate Profits, 2nd quarter 2015 (preliminary estimate)

August 27, 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 3.7 percent in the second quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6 percent. The GDP estimate released today…

BEA Conducts Survey of Financial Services; Information Used to Produce Economic Statistics that Inform Public

August 21, 2015 | The BEA Wire

BEA is conducting a survey that tracks transactions between U.S. financial services providers and foreign residents. Data from this survey will be used to produce international and national economic statistics that aid decision-making by businesses and policymakers and provide the American public with a deeper understanding of the United States’ trade relationships around the globe.

Here’s what potential filers need to know about the…

New Statistics on the Activities of U.S. Multinational Enterprises are Now Available

August 14, 2015 | The BEA Wire

Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2013, including the finances and operations of U.S. parent companies and their foreign affiliates, are now available from the U.S. Bureau of Economic Analysis.

Health Care Statistics for 2011 and 2012 Now Available

August 12, 2015 | The BEA Wire

The Bureau of Economic Analysis released today statistics providing information on health care spending and price trends in the United States for 2011 and 2012. On January 22, BEA for the first time released statistics showing how much is spent in the United States to treat different diseases and medical conditions as well as trends in health care prices for 2000 through 2010. The new data are available on BEA's website in section called the…

June 2015 Trade Gap is $43.8 Billion

August 5, 2015 | The BEA Wire

The U.S. monthly international trade deficit increased in June 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.9 billion in May (revised) to $43.8 billion in June, as exports decreased and imports increased. The previously published May deficit was $41.9 billion. The goods deficit increased $2.9 billion from May to $63.5 billion in June. The services surplus decreased less…