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

Table Changes Coming With Annual Update of International Statistics

May 19, 2020 | The BEA Wire

In June, BEA will speed up and expand our statistics on U.S. international trade in services, including adding detail on some of the most dynamic services, such as research and development, intellectual property, and financial services.

Real Personal Income by Metropolitan Area, 2018

May 18, 2020 | The BEA Wire

The percent change in real metropolitan area personal income ranged from 15.6 percent in Midland, TX to -1.1 percent in Sebring-Avon Park, FL.

Real Personal Income by State, 2018

May 18, 2020 | The BEA Wire

The percent change in real state personal income ranged from 6.7 percent in Wyoming to 0.9 percent in Mississippi.

Real Personal Income by State and Metropolitan Area, 2018

May 18, 2020 | News Release

Real state personal income grew 3.4 percent in 2018, after increasing 2.9 percent in 2017, according to estimates released today by the Bureau of Economic Analysis.  Real state personal income is a state’s current-dollar personal income adjusted by the state’s regional price parity and the national personal consumption expenditures price index.  The percent change in real state personal income ranged from 6.7 percent in Wyoming to 0.9 percent in…

March 2020 Trade Gap is $44.4 Billion

May 5, 2020 | The BEA Wire

The U.S. monthly international trade deficit increased in March 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.8 billion in February (revised) to $44.4 billion in March, as exports decreased more than imports. The previously published February deficit was $39.9 billion. The goods deficit increased $4.6 billion in March to $65.6 billion. The services surplus decreased $0.1…

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

May 5, 2020 | News Release

The U.S. monthly international trade deficit increased in March 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.8 billion in February (revised) to $44.4 billion in March, as exports decreased more than imports. The previously published February deficit was $39.9 billion. The goods deficit increased $4.6 billion in March to $65.6 billion. The services surplus decreased $0.1 billion…

Personal Income and Outlays, March 2020

April 30, 2020 | The BEA Wire

Personal income decreased 2.0 percent in March after increasing 0.6 percent in February. Wages and salaries, the largest component of personal income, decreased 3.1 percent in March after increasing 0.5 percent in February.  

Personal Income and Outlays: March 2020

April 30, 2020 | News Release

Personal income decreased 2.0 percent in March after increasing 0.6 percent in February. Wages and salaries, the largest component of personal income, decreased 3.1 percent in March after increasing 0.5 percent in February.

Gross Domestic Product, First Quarter 2020

April 29, 2020 | The BEA Wire

Real gross domestic product (GDP) decreased 4.8 percent in the first quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent.

Gross Domestic Product, 1st Quarter 2020 (Advance Estimate)

April 29, 2020 | News Release

Real gross domestic product (GDP) decreased 4.8 percent in the first quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2019, real GDP increased 2.1 percent.