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 and Outlays, September 2020

October 30, 2020 | The BEA Wire

Personal income increased 0.9 percent while consumer spending increased 1.4 percent in September, according to estimates released today by the Bureau of Economic Analysis.

Personal Income and Outlays, September 2020

October 30, 2020 | News Release

Personal income increased 0.9 percent while consumer spending increased 1.4 percent in September, according to estimates released today by the Bureau of Economic Analysis.

Gross Domestic Product, Third Quarter 2020 (Advance Estimate)

October 29, 2020 | The BEA Wire

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. In the second quarter of 2020, real GDP decreased 31.4 percent. For more details, including source data, see the Technical Note.

Gross Domestic Product, Third Quarter 2020 (Advance Estimate)

October 29, 2020 | News Release

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. In the second quarter of 2020, real GDP decreased 31.4 percent.

2021 Calendar Features Advances in State Data

October 13, 2020 | The BEA Wire

 Want to stay on top of what’s happening with state economies? BEA’s 2021 calendar has some new dates to circle. Next year our key state economic measure will be published earlier each quarter. And we’ll introduce inflation-adjusted consumer spending statistics for every state.

Personal Consumption Expenditures by State, 2019

October 8, 2020 | The BEA Wire

State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont.

Personal Consumption Expenditures by State, 2019

October 8, 2020 | News Release

State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont.

August 2020 Trade Gap is $67.1 Billion

October 6, 2020 | The BEA Wire

The U.S. monthly international trade deficit increased in August 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $63.4 billion in July (revised) to $67.1 billion in August, as imports increased more than exports. The previously published July deficit was $63.6 billion. The goods deficit increased $3.0 billion in August to $83.9 billion. The services surplus decreased $0.7 billion…

U.S. International Trade in Goods and Services, August 2020

October 6, 2020 | News Release

The U.S. monthly international trade deficit increased in August 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $63.4 billion in July (revised) to $67.1 billion in August, as imports increased more than exports. The previously published July deficit was $63.6 billion. The goods deficit increased $3.0 billion in August to $83.9 billion. The services surplus decreased $0.7 billion in…

Gross Domestic Product by State, 2nd Quarter 2020

October 2, 2020 | The BEA Wire

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in the second quarter of 2020, as real GDP for the nation decreased at an annual rate of 31.4 percent. The percent change in real GDP in the second quarter ranged from –20.4 percent in the District of Columbia to –42.2 percent in Hawaii and Nevada.