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

GDP Increases in Third Quarter

October 30, 2019 | The BEA Wire

Real gross domestic product (GDP) increased 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent.

Gross Domestic Product, Third Quarter 2019 (Advance Estimate)

October 30, 2019 | News Release

Real gross domestic product (GDP) increased 1.9 percent in the third quarter of 2019, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 percent.

Gross Domestic Product by Industry: Second Quarter 2019

October 29, 2019 | The BEA Wire

Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the second quarter.

Gross Domestic Product by Industry: Second Quarter 2019

October 29, 2019 | News Release

Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the second quarter.

Prototype Economic Statistics for Puerto Rico, 2012-2017

October 15, 2019 | News Release

The Bureau of Economic Analysis (BEA) released for the first time prototype statistics for consumer spending, business investment, and trade in goods for Puerto Rico. These new economic data lay the groundwork for BEA to estimate the island's GDP. Currently, the annual statistics cover the time period from 2012 to 2017 and can be used to better gauge the performance of the Puerto Rico economy over that period.

Prototype Economic Statistics for Puerto Rico Now Available

October 15, 2019 | The BEA Wire

Today, the Bureau of Economic Analysis released prototype statistics for personal consumption expenditures, private fixed investment, and net exports of goods for Puerto Rico. These annual statistics cover the time period from 2012 to 2017.

The estimates released today are a major step toward the goal of producing gross domestic product (GDP) statistics for Puerto Rico that are consistent with international guidelines and that are…

Guam GDP Decreases 0.3 Percent in 2018

October 9, 2019 | The BEA Wire

The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—decreased 0.3 percent in 2018 after increasing 0.2 percent in 2017. For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017.

Gross Domestic Product for Guam, 2018

October 9, 2019 | News Release

The estimates of GDP for Guam show that real GDP—GDP adjusted to remove price changes—decreased 0.3 percent in 2018 after increasing 0.2 percent in 2017. For comparison, real GDP for the United States (excluding the territories) increased 2.9 percent in 2018 after increasing 2.4 percent in 2017.

U.S. International Trade in Goods and Services, August 2019

October 4, 2019 | News Release

The U.S. monthly international trade deficit increased in August 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.0 billion in July (revised) to $54.9 billion in August, as imports increased more than exports. The previously published July deficit was $54.0 billion. The goods deficit increased $0.8 billion in August to $74.4 billion. The services surplus decreased less than $0.1…

August 2019 Trade Gap is $54.9 Billion

October 3, 2019 | The BEA Wire

The U.S. monthly international trade deficit increased in August 2019 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $54.0 billion in July (revised) to $54.9 billion in August, as imports increased more than exports. The previously published July deficit was $54.0 billion. The goods deficit increased $0.8 billion in August to $74.4 billion. The services surplus decreased less than $0.1…