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

County Estimates of Compensation by Industry, 2004-2006

December 20, 2007 | News Release

WASHINGTON DC, DECEMBER 20, 2007 – Today, the Bureau of Economic Analysis (BEA) released county estimates of compensation by industry for 2004–2006. The estimates for 2004–2005 have been revised to incorporate newly available source data; the estimates for 2006 are released for the first time.

Gross Domestic Product and Corporate Profits: Third Quarter 2007 "final" estimates

December 20, 2007 | News Release

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.9 percent in the third quarter of 2007, according to final estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8 percent. The GDP estimates released today are based on more complete source data than were available for the…

State Quarterly Personal Income, 1st quarter 2006-3rd quarter 2007

December 19, 2007 | News Release

WASHINGTON DC, DECEMBER 19, 2007 - U.S. personal income growth accelerated to 1.4 percent in the third quarter of 2007 from 0.9 percent in the second quarter. The acceleration returns the personal income growth rate close to its average for the last two years after a strong first quarter and weaker second quarter.

Tourism Satellite Accounts, Third Quarter 2007

December 18, 2007 | News Release

December 2007

Real direct tourism spending increased at an annual rate of 1.6 percent in the third quarter of 2007, according to data released today by the U.S. Bureau of Economic Analysis.  In the second quarter, real direct tourism spending (all output consumed by visitors) decreased 0.6 percent (revised).  By comparison, real gross domestic product (GDP) grew at an annual rate of 4.9 percent (preliminary) in the third quarter of 2007…

U.S. International Transactions: Third Quarter 2007

December 17, 2007 | News Release

U.S. International Transactions: Third Quarter 2007

U.S. International Trade in Goods and Services: October 2007

December 12, 2007 | News Release

U.S. International Trade in Goods and Services OCTOBER 2007

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Personal Income and Outlays, October 2007

November 30, 2007 | News Release

OCTOBER 2007 EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, NOVEMBER 30, 2007 James E.

Gross Domestic Product and Corporate Profits: Third Quarter 2007 "preliminary" estimates

November 29, 2007 | News Release

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 4.9 percent in the third quarter of 2007, according to preliminary estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8 percent. The GDP estimates released today are based on more complete source data than were available for the…

U.S. International Trade in Goods and Services: September 2007

November 9, 2007 | News Release

SEPTEMBER 2007 U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce * Washington, DC 20230 FOR IMMEDIATE RELEASE 8:30 A.M. EST FRIDAY, NOVEMBER 9, 2007 CB07-160 BEA07-52 FT-900 (07-09) For information on goods contact: U.S. Census Bureau: Nick Orsini (301) 763-6959 Joe Kafchinski (…

Personal Income and Outlays, September 2007

November 1, 2007 | News Release

SEPTEMBER 2007 Personal income increased $47.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $40.6 billion, or 0.4 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $30.1 billion, or 0.3 percent.