September 26, 2025

Split Personal Income and Outlays, October 2025 and Gross Domestic Product by State and Personal Income by State, 2nd quarter 2025 and Personal Consumption Expenditures by State, 2024

Personal Income and Outlays, August 2025

Personal income increased $95.7 billion (0.4 percent at a monthly rate) in August, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $86.1 billion (0.4 percent) and personal consumption expenditures (PCE) increased $129.2 billion (0.6 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $132.9 billion in August. Personal saving was $1.06 trillion in August and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.6 percent.

Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2025 and Personal Consumption Expenditures by State, 2024

Real gross domestic product (GDP) increased in 48 states in the second quarter of 2025. State-level changes ranged from a 7.3 percent increase in North Dakota to a 1.1 percent decline in Arkansas.

Personal income increased in all 50 states and the District of Columbia in the second quarter of 2025. State-level changes ranged from a 10.4 percent increase in Kansas to a 0.9 percent increase in Arkansas.

Personal consumption expenditures (PCE) increased in all 50 states and the District of Columbia in 2024. State-level changes in PCE ranged from a 7.0 percent increase in Florida to a 4.3 percent increase in Mississippi.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (3rd)
+3.8%
Personal Income
August 2025
+0.4%
International Trade in Goods and Services
July 2025
-$78.3 B
International Transactions
Q2 2025
-$251.3 B

Noteworthy

The Latest

Coming Soon: A Closer Look at the Mix of Global and Domestic Content in U.S. Exports

| The BEA Wire

BEA is expanding its prototype statistics that provide a more complete and nuanced understanding of U.S. exports. Watch for an update and expansion of the statistics known as trade in value added, or TiVA, coming in March.

New Platform Helps Researchers Apply to Use BEA Microdata

| The BEA Wire

Researchers interested in using BEA’s confidential microdata now have new resources for discovering the data and applying for access for their research projects.

The Bureau of Economic Analysis and other federal statistical agencies worked together to create a standard application process for the agencies’ restricted-use data, including BEA’s confidential, company-specific international trade and investment data. 

New Health Care Statistics for First Year of COVID-19 Pandemic

| The BEA Wire

The Bureau of Economic Analysis today released estimates for 2020 that measure health care spending by medical condition. In the first year of the COVID-19 pandemic, spending on infectious and parasitic diseases amounted to more than $222 billion, growing $83.3 billion over 2019, according to the statistics in BEA’s Health Care Satellite Account.

2022 Trade Gap is $948.1 Billion

| The BEA Wire

The U.S. international trade deficit increased in 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $845.0 billion in 2021 to $948.1 billion in 2022, as imports increased more than exports. The goods deficit increased $101.5 billion in 2022 to $1,191.8 billion. The services surplus decreased $1.6 billion in 2022 to $243.7 billion. The goods and services deficit was 3.7 percent of…

December 2022 Trade Gap is $67.4 Billion

| The BEA Wire

The U.S. monthly international trade deficit increased in December 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.0 billion in November (revised) to $67.4 billion in December, as imports increased and exports decreased. The goods deficit increased $7.4 billion in December to $90.6 billion. The services surplus increased $1.0 billion in December to $23.2 billion.

U.S. International Trade in Goods and Services, December and Annual 2022

| News Release

The U.S. monthly international trade deficit increased in December 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $61.0 billion in November (revised) to $67.4 billion in December, as imports increased and exports decreased. The goods deficit increased $7.4 billion in December to $90.6 billion. The services surplus increased $1.0 billion in December to $23.2 billion.

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands, 2020

| News Release

Real gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands (CNMI) decreased 29.7 percent in 2020 after decreasing 11.3 percent in 2019. The decrease in real GDP reflected decreases in exports of goods and services, private fixed investment, personal consumption expenditures, and government spending. Imports, a subtraction item in the calculation of GDP, also decreased.

Gross Domestic Product for the Commonwealth of the Northern Mariana Islands, 2020

| The BEA Wire

Real gross domestic product (GDP) for the Commonwealth of the Northern Mariana Islands decreased 29.7 percent in 2020, after decreasing 11.3 percent in 2019, according to statistics released today by the U.S. Bureau of Economic Analysis.

The decrease in real GDP reflected decreases in exports of goods and services, private fixed investment, personal consumption expenditures, and government spending. Imports, a subtraction item in the…

Personal Income and Outlays, December 2022

| The BEA Wire

Personal income increased $49.5 billion, or 0.2 percent at a monthly rate, while consumer spending decreased $41.6 billion, or 0.2 percent, in December. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.4 percent in December, compared with 2.9 percent in November.

Personal Income and Outlays, December 2022

| News Release

Personal income increased $49.5 billion, or 0.2 percent at a monthly rate, while consumer spending decreased $41.6 billion, or 0.2 percent, in December. The increase in personal income primarily reflected increases in compensation and proprietors’ income. The personal saving rate (that is, personal saving as a percentage of disposable personal income) was 3.4 percent in December, compared with 2.9 percent in November.