Bureau of Economic Analysis

Gross domestic product, the total value of goods and services produced within the United States minus the value of goods and services, or inputs, used in production, can be measured three different ways: 1) expenditures approach, 2) income approach, and 3) production approach.

The most well-known method for computing GDP is the expenditures approach, the sum of all domestically produced goods and services sold to final users1. This…

Personal income increased $210.1 billion (0.8 percent at a monthly rate) in April, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $189.4 billion (0.8 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…

Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2025 (January, February, and March), according to the second 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…

The U.S. monthly international trade deficit increased in March 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $123.2 billion in February (revised) to $140.5 billion in March, as imports increased more than exports. The goods deficit increased $16.5 billion in March to $163.5 billion. The services surplus decreased $0.8 billion in March to $23.0 billion.

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…

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…

The U.S. monthly international trade deficit decreased in February 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $130.7 billion in January (revised) to $122.7 billion in February, as exports increased and imports decreased. The goods deficit decreased $8.8 billion in February to $147.0 billion. The services surplus decreased $0.8 billion in February to $24.3 billion.

The Arts and Cultural Production Satellite Account released by the U.S. Bureau of Economic Analysis shows that arts and cultural economic activity, adjusted for inflation, increased 6.6 percent in 2023 after increasing 3.8 percent in 2022. By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 2.9 percent in 2023 after increasing 2.5 percent in 2022. Arts and cultural economic activity accounted for 4.2…

The space economy accounted for $142.5 billion, or 0.5 percent, of total gross domestic product in 2023. Real GDP grew by 0.6 percent in the space economy, reflecting the second consecutive year of positive real growth. BEA updated its statistics for 2012-2022 and released new 2023 statistics in a Survey of Current Business article on the space economy.

Real gross domestic product increased in 48 states and the District of Columbia in the fourth quarter of 2024, with the percent change ranging from 5.1 percent at an annual rate in Arkansas to 0.6 percent in Vermont and remaining unchanged in Idaho and South Dakota. Personal income, in current dollars, increased in all 50 states and the District of Columbia in the fourth quarter of 2024, with the percent change ranging from 6.1 percent at an…