Bureau of Economic Analysis

Real gross domestic product (GDP) increased at an annual rate of 0.5 percent in the fourth quarter of 2025 (October, November, and December), according to the third estimate released today by the U.S. Bureau of Economic Analysis. In the third quarter of 2025, real GDP increased 4.4 percent. The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by…

Personal income decreased $18.2 billion (0.1 percent at a monthly rate) in February, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $18.3 billion (0.1 percent), and personal consumption expenditures (PCE) increased $103.2 billion (0.5 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…

The U.S. monthly international trade deficit increased in February 2026 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.7 billion in January (revised) to $57.3 billion in February, as imports increased more than exports. The goods deficit increased $2.5 billion in February to $84.6 billion. The services surplus decreased $0.2 billion in February to $27.3 billion.

A blog post from BEA Director Vipin Arora 

I’d bet most people have heard of global supply chains. But are you familiar with their fraternal twin, global value chains? I’m guessing not. BEA’s statistics on value chains are an underappreciated tool that can help policymakers and the public better understand supply chains.

The U.S. current-account deficit resulting from international economic transactions narrowed by $48.4 billion, or 20.2 percent, to $190.7 billion in the fourth quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $239.1 billion. The fourth-quarter deficit was 2.4 percent of current-dollar gross domestic product, down from 3.1 percent in the third quarter.

A blog from BEA Director Vipin Arora

It’s widely recognized that BEA’s economic statistics are among the world’s most closely watched. That’s because our data about trade, consumer prices, and economic activity underpin decisions about interest rates and trade policy, taxes and spending, hiring and investing, and more. You might, however, be unaware that BEA data are also used in allocating hundreds of billions in federal funds…

A blog post from BEA Director Vipin Arora

I wouldn’t imagine the phrase “data quality” stirs the imagination of many people. I get it. Artificial intelligence or big data—or even e-commerce, to take it back a few years—sound more exciting. Our team at BEA, however, gets fired up about data quality, especially improving data quality. That’s great, you might be thinking, but what exactly do you mean by data quality?

Real gross domestic product (GDP) increased at an annual rate of 0.7 percent in the fourth quarter of 2025 (October, November, and December), according to the second estimate released today by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 4.4 percent. The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by…

Personal income increased $113.8 billion (0.4 percent at a monthly rate) in January, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $219.9 billion (0.9 percent), and personal consumption expenditures (PCE) increased $81.1 billion (0.4 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…

The U.S. monthly international trade deficit decreased in January 2026 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $72.9 billion in December (revised) to $54.5 billion in January, as exports increased and imports decreased. The goods deficit decreased $17.5 billion in January to $81.8 billion. The services surplus increased $1.0 billion in January to $27.3 billion.