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 by County and Metropolitan Area, 2022

November 16, 2023 | The BEA Wire

In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.

Personal Income by County and Metropolitan Area, 2022

November 16, 2023 | News Release

In 2022, personal income, in current dollars, increased in 1,964 counties, decreased in 1,107, and was unchanged in 43. Personal income increased 2.1 percent in the metropolitan portion of the United States and 1.3 percent in the nonmetropolitan portion.

September 2023 Trade Gap is $61.5 Billion

November 7, 2023 | The BEA Wire

The U.S. goods and services trade deficit increased from $58.7 billion in August (revised) to $61.5 billion in September, as imports increased more than exports. The goods deficit increased $1.7 billion to $86.3 billion, and the services surplus decreased $1.2 billion to $24.8 billion.

U.S. International Trade in Goods and Services, September 2023

November 7, 2023 | News Release

The U.S. monthly international trade deficit increased in September 2023 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $58.7 billion in August (revised) to $61.5 billion in September as imports increased more than exports. The goods deficit increased $1.7 billion in September to $86.3 billion. The services surplus decreased $1.2 billion in September to $24.8 billion.

Personal Income and Outlays, September 2023

October 27, 2023 | The BEA Wire

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income — personal income less personal current taxes— increased $56.1 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments—increased $175.1 billion (0.9 percent) and consumer spending increased $138.7 billion (0.7 percent). Personal saving…

Personal Income and Outlays, September 2023

October 27, 2023 | News Release

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)—personal income less personal current taxes— increased $56.1 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $175.1 billion (0.9 percent) and consumer spending increased $138.7 billion (0.7 percent). Personal…

Gross Domestic Product, Third Quarter 2023 (Advance)

October 26, 2023 | The BEA Wire

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “advance” estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

Gross Domestic Product, Third Quarter 2023 (Advance Estimate)

October 26, 2023 | News Release

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “advance” estimate. In the second quarter, real GDP increased 2.1 percent. The increase in the third quarter primarily reflected increases in consumer spending and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

New Statistics Show Distribution of Personal Income Within States

October 24, 2023 | The BEA Wire

Statistics for every state and the District of Columbia were added today to BEA’s prototype statistics on the distribution of U.S. personal income. This provides a new tool for assessing how households share in each state’s economic growth. 

Measures of Economic Well-Being Updated With Complementary Open-Source Notebook

October 24, 2023 | The BEA Wire

The Bureau of Economic Analysis updated its prototype measures of economic well-being and growth today and for the first time released open-source code that allows users to tailor the charts and tables to meet their needs. 

The prototype measures package some of BEA’s headline statistics with data from other statistical agencies to spotlight trends in well-being and the drivers of economic growth.