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

Gross Domestic Product (GDP) by State: Third Quarter 2018

February 26, 2019 | The BEA Wire

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia.   Wholesale trade, information services, finance and insurance, and retail trade were the leading contributors to the increase in real GDP nationally. Information services and retail trade were the leading…

Gross Domestic Product by State: Third Quarter 2018

February 26, 2019 | News Release

Real gross domestic product (GDP) increased in 49 states and the District of Columbia in the third quarter of 2018. The percent change in real GDP in the third quarter ranged from 5.8 percent in Washington to 0.0 percent in West Virginia.

Wholesale Trade Led Growth in the Third Quarter

February 21, 2019 | The BEA Wire

Wholesale trade; information; and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018. Overall, 19 of 22 industry groups contributed to the 3.4 percent increase in real GDP in the third quarter.

Gross Domestic Product by Industry: Third Quarter 2018

February 21, 2019 | News Release

Wholesale trade; information; and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 19 of 22 industry groups contributed to the overall 3.4 percent increase in real GDP in the third quarter.

Personal Income and Outlays, December 2018; Personal Income, January 2019

February 19, 2019 | News Release

Personal income decreased 0.1 percent in January after increasing 1.0 percent in December, the largest increase since December 2012. Wages and salaries, the largest component of personal income, increased 0.3 percent in January after increasing 0.5 percent in December.

New Dates Set for GDP, Personal Income, and International Trade

February 6, 2019 | The BEA Wire

Bureau of Economic Analysis data on U.S. gross domestic product, personal income and outlays, and international trade in goods and services that were delayed by the recent lapse in federal funding will be released in late February and early March.

November 2018 Trade Gap is $49.3 Billion

February 6, 2019 | The BEA Wire

The U.S. monthly international trade deficit decreased in November 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.7 billion in October (revised) to $49.3 billion in November, as imports decreased more than exports. The previously published October deficit was $55.5 billion. The goods deficit decreased $6.7 billion in November to $71.6 billion. The services surplus decreased $0…

U.S. International Trade in Goods and Services, November 2018

February 6, 2019 | News Release

The U.S. monthly international trade deficit decreased in November 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $55.7 billion in October (revised) to $49.3 billion in November, as imports decreased more than exports. The previously published October deficit was $55.5 billion. The goods deficit decreased $6.7 billion in November to $71.6 billion. The services surplus decreased $0.3…

New Data About Foreign Investment in States, Local Areas

February 4, 2019 | The BEA Wire

New research statistics about foreign direct investment in states, metro areas, and counties are available through a cooperative effort between the Bureau of Economic Analysis and the U.S. Bureau of Labor Statistics.

BEA and BLS combined their data to provide information about each state or local area’s employment at companies with foreign ownership, including:

U.S. Net International Investment Position Third Quarter 2018

February 1, 2019 | The BEA Wire

The U.S. net international investment position decreased to −$9,627.2 billion (preliminary) at the end of the third quarter of 2018 from −$8,845.1 billion (revised) at the end of the second quarter. The $782.1 billion decrease reflected net financial transactions of −$24.6 billion and net other changes in position, such as price and exchange-rate changes, of −$757.5 billion.