• Gross Domestic Product, 3rd Quarter 2025 (Initial Estimate) and Corporate Profits (Preliminary)

    Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the third quarter of 2025 (July, August, and September), according to the initial estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8 percent. The increase in real GDP in the third quarter reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculatio
  • U.S. International Trade in Goods and Services, September 2025

    The U.S. goods and services trade deficit decreased in September 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $59.3 billion in August (revised) to $52.8 billion in September, as exports increased more than imports. The goods deficit decreased $7.1 billion in September to $79.0 billion. The services surplus decreased $0.6 billion in September to $26.2 billion.Full Text
  • Personal Income and Outlays, September 2025

    Personal income increased $94.5 billion (0.4 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)?personal income less personal current taxes?increased $75.9 billion (0.3 percent) and personal consumption expenditures (PCE) increased $65.1 billion (0.3 percent). Personal outlays?the sum of PCE, personal interest payments, and personal current transfer payments?increased $70.7 billion in September.
  • Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2023

    Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.66 million workers in the United States in 2023, a 1.9 percent increase from 8.5 million workers in 2022, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2023.Full Text
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  • U.S. International Trade in Goods and Services, August 2025

    The U.S. goods and services trade deficit decreased in August 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $78.2 billion in July (revised) to $59.6 billion in August, as exports increased and imports decreased. The goods deficit decreased $18.1 billion in August to $85.6 billion. The services surplus increased $0.5 billion in August to $26.1 billion.Full Text
  • U.S. International Investment Position, 2nd Quarter 2025

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$26.14 trillion at the end of the second quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $39.56 trillion, and liabilities were $65.71 trillion. At the end of the first quarter, the net investment position was -$24.65 trillion (revised). Full Text
  • 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 i
  • 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. Per
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  • Gross Domestic Product, 2nd Quarter 2025 (Third Estimate), GDP by Industry, Corporate Profits (Revised), and Annual Update

    Real gross domestic product (GDP) increased at an annual rate of 3.8 percent in the second quarter of 2025 (April, May, and June), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.6 percent (revised). The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decrea
  • U.S. International Transactions, 2nd Quarter 2025

    The U.S. current-account deficit narrowed by $188.5 billion, or 42.9 percent, to $251.3 billion in the second quarter of 2025, according to statistics released today by BEA. The revised first-quarter deficit was $439.8 billion. The second-quarter deficit was 3.3 percent of current-dollar gross domestic product, down from 5.9 percent in the first quarter.Full Text
  • Gross Domestic Product for Puerto Rico, 2023

    Real gross domestic product for Puerto Rico increased 3.0 percent in 2023 after decreasing 2.1 percent in 2022. The increase in real gross domestic product (GDP) in 2023 primarily reflected an increase in exports. Personal consumption expenditures, government spending, and private fixed investment also increased. These increases were partly offset by a decrease in private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.Full Text
  • U.S. International Trade in Goods and Services, July 2025

    The U.S. goods and services trade deficit increased in July 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $59.1 billion in June (revised) to $78.3 billion in July, as imports increased more than exports. The goods deficit increased $18.2 billion in July to $103.9 billion. The services surplus decreased $1.1 billion in July to $25.6 billion.Full Text
  • Personal Income and Outlays, July 2025

    Personal income increased $112.3 billion (0.4 percent at a monthly rate) in July, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)?personal income less personal current taxes?increased $93.9 billion (0.4 percent) and personal consumption expenditures (PCE) increased $108.9 billion (0.5 percent). Personal outlays?the sum of PCE, personal interest payments, and personal current transfer payments?increased $110.9 billion in July. Person
  • Gross Domestic Product, 2nd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary)

    Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in in
  • Activities of U.S. Multinational Enterprises, 2023

    Worldwide employment by U.S. multinational enterprises decreased 0.4 percent to 43.9 million workers in 2023 (preliminary) from 44.1 million workers in 2022 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates.Full Text
  • U.S. International Trade in Goods and Services, June 2025

    The U.S. goods and services trade deficit decreased in June 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $71.7 billion in May (revised) to $60.2 billion in June, as exports decreased less than imports. The goods deficit decreased $11.4 billion in June to $85.9 billion. The services surplus increased $0.1 billion in June to $25.7 billion.Full Text
  • Personal Income and Outlays, June 2025

    Personal income increased $71.4 billion (0.3 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $61.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $69.9 billion (0.3 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $69.5 billion in June. Personal
  • Gross Domestic Product, 2nd Quarter 2025 (Advance Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in i
  • Direct Investment by Country and Industry, 2024

    The U.S. direct investment abroad position, or cumulative level of investment, increased $206.3 billion to $6.83 trillion at the end of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase was led by an $88.4 billion increase in the position in Europe, primarily in Luxembourg and Germany. By industry, manufacturing affiliates had the largest increase, led by manufacturing of computers and electronic products. The foreign direct investment in the Unit
  • New Foreign Direct Investment in the United States, 2024

    Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $151.0 billion in 2024, according to preliminary statistics released today by the U.S. Bureau of Economic Analysis. Expenditures decreased $24.9 billion, or 14.2 percent, from $176.0 billion (revised) in 2023 and were below the annual average of $277.2 billion for 2014-2023. As in previous years, acquisitions of existing U.S. businesses accounted for most of the expenditures.Full Text
  • U.S. International Trade in Goods and Services, May 2025

    The U.S. goods and services trade deficit increased in May 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $60.3 billion in April (revised) to $71.5 billion in May, as exports decreased more than imports. The goods deficit increased $11.2 billion in May to $97.5 billion. The services surplus decreased $0.1 billion in May to $26.0 billion.Full Text
  • U.S. International Investment Position, 1st Quarter 2025 and Annual Update

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$24.61 trillion at the end of the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $36.85 trillion, and liabilities were $61.47 trillion. At the end of the fourth quarter of 2024, the net investment position was -$26.54 trillion (revised).Full Text
  • Gross Domestic Product by State and Personal Income by State, 1st quarter 2025

    Real gross domestic product decreased in 39 states in the first quarter of 2025, with the percent change ranging from 1.7 percent at an annual rate in South Carolina to -6.1 percent in Iowa and Nebraska. Personal income, in current dollars, increased in all 50 states and the District of Columbia in the first quarter of 2025, with the percent change ranging from 12.7 percent at an annual rate in North Dakota to 3.2 percent in Washington state.Full Text
  • Personal Income and Outlays, May 2025

    Personal income decreased $109.6 billion (0.4 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-decreased $125.0 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $29.3 billion (0.1 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-decreased $27.6 billion in May. Personal
  • Gross Domestic Product, 1st Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised)

    Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third 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
  • U.S. International Transactions, 1st Quarter 2025 and Annual Update

    The U.S. current-account deficit widened by $138.2 billion, or 44.3 percent, to $450.2 billion in the first quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $312.0 billion. The first-quarter deficit was 6.0 percent of current-dollar gross domestic product, up from 4.2 percent in the fourth quarter.Full Text
  • Marine Economy Satellite Account, 2023

    The Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show the marine economy accounted for $511.0 billion, or 1.8 percent, of current-dollar U.S. gross domestic product in 2023, an increase from $482.4 billion in 2022. The marine economy accounted for $826.6 billion, or 1.7 percent, of current-dollar gross output in 2023. Full Text
  • U.S. International Trade in Goods and Services, April 2025 and Annual Revision

    The U.S. monthly international trade deficit decreased in April 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $138.3 billion in March (revised) to $61.6 billion in April, as exports increased and imports decreased. The goods deficit decreased $75.2 billion in April to $87.4 billion. The services surplus increased $1.5 billion in April to $25.8 billion.Full Text
  • Personal Income and Outlays, April 2025

    Personal income increased $210.1 billion (0.8 percent at a monthly rate) in April, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $189.4 billion (0.8 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $48.6 billion in April. Perso
  • Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), 1st Quarter 2025

    Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2025 (January, February, and March), according to the second 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 b
  • U.S. International Trade in Goods and Services, March 2025

    The U.S. monthly international trade deficit increased in March 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $123.2 billion in February (revised) to $140.5 billion in March, as imports increased more than exports. The goods deficit increased $16.5 billion in March to $163.5 billion. The services surplus decreased $0.8 billion in March to $23.0 billion.Full Text
  • 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. Per
  • 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
  • U.S. International Trade in Goods and Services, February 2025

    The U.S. monthly international trade deficit decreased in February 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $130.7 billion in January (revised) to $122.7 billion in February, as exports increased and imports decreased. The goods deficit decreased $8.8 billion in February to $147.0 billion. The services surplus decreased $0.8 billion in February to $24.3 billion.Full Text
  • Arts and Cultural Production Satellite Account, U.S. and States, 2023

    The Arts and Cultural Production Satellite Account released by the U.S. Bureau of Economic Analysis shows that arts and cultural economic activity, adjusted for inflation, increased 6.6 percent in 2023 after increasing 3.8 percent in 2022. By comparison, the broader economy, as measured by real gross domestic product (GDP), increased 2.9 percent in 2023 after increasing 2.5 percent in 2022. Arts and cultural economic activity accounted for 4.2 percent of GDP, or $1.17 trillion, in 2023.Full Text
  • Gross Domestic Product by State and Personal Income by State, 4th Quarter 2024 and Preliminary 2024

    Real gross domestic product increased in 48 states and the District of Columbia in the fourth quarter of 2024, with the percent change ranging from 5.1 percent at an annual rate in Arkansas to 0.6 percent in Vermont and remaining unchanged in Idaho and South Dakota. Personal income, in current dollars, increased in all 50 states and the District of Columbia in the fourth quarter of 2024, with the percent change ranging from 6.1 percent at an annual rate in Delaware to 2.4 percent in Louisiana.Fu
  • Personal Income and Outlays, February 2025

    Personal income increased $194.7 billion (0.8 percent at a monthly rate) in February, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $191.6 billion (0.9 percent) and personal consumption expenditures (PCE) increased $87.8 billion (0.4 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $118.4 billion in February
  • Gross Domestic Product, 4th Quarter and Year 2024 (Third Estimate), GDP by Industry, and Corporate Profits

    Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024 (October, November, and December), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent. The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calcula
  • U.S. International Investment Position, 4th Quarter and Year 2024

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$26.23 trillion at the end of the fourth quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $35.89 trillion, and liabilities were $62.12 trillion. At the end of the third quarter, the net investment position was -$24.15 trillion (revised).Full Text
  • U.S. International Transactions, 4th Quarter and Year 2024

    The U.S. current-account deficit narrowed by $6.3 billion, or 2.0 percent, to $303.9 billion in the fourth quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $310.3 billion. The fourth-quarter deficit was 4.1 percent of current-dollar gross domestic product, down from 4.2 percent in the third quarter.Full Text
  • U.S. International Trade in Goods and Services, January 2025

    The U.S. monthly international trade deficit increased in January 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $98.1 billion in December (revised) to $131.4 billion in January, as imports increased more than exports. The goods deficit increased $33.5 billion in January to $156.8 billion. The services surplus increased $0.2 billion in January to $25.4 billion.Full Text
  • Personal Income and Outlays, January 2025

    Personal income increased $221.9 billion (0.9 percent at a monthly rate) in January, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $194.3 billion (0.9 percent) and personal consumption expenditures (PCE) decreased $30.7 billion (0.2 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-decreased $52.7 billion in January. P
  • Gross Domestic Product, 4th Quarter and Year 2024 (Second Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024, according to the second estimate. In the third quarter, real GDP increased 3.1 percent. The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased.Full Text
  • U.S. International Trade in Goods and Services, December and Annual 2024

    The U.S. monthly international trade deficit increased in December 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $78.9 billion in November (revised) to $98.4 billion in December, as imports increased and exports decreased. The goods deficit increased $18.9 billion in December to $123.0 billion. The services surplus decreased $0.6 billion in December to $24.5 billion.Full Text
  • Personal Income and Outlays, December 2024

    Personal income increased $92.0 billion (0.4 percent at a monthly rate) in December, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $79.7 billion (0.4 percent) and personal consumption expenditures (PCE) increased $133.6 billion (0.7 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $129.5 billion in December.
  • Gross Domestic Product, 4th Quarter and Year 2024 (Advance Estimate)

    Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024, according to the advance estimate. In the third quarter, real GDP increased 3.1 percent. The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased.Full Text
  • U.S. International Trade in Goods and Services, November 2024

    The U.S. monthly international trade deficit increased in November 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $73.6 billion in October (revised) to $78.2 billion in November, as imports increased more than exports. The goods deficit increased $5.4 billion in November to $103.4 billion. The services surplus increased $0.9 billion in November to $25.2 billion.Full Text
  • U.S. International Investment Position, 3rd Quarter 2024

    The U.S. net international investment position, the difference between U.S. residents' foreign financial assets and liabilities, was -$23.60 trillion at the end of the third quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. Assets totaled $37.86 trillion, and liabilities were $61.46 trillion. At the end of the second quarter, the net investment position was -$22.55 trillion (revised).Full Text
  • Gross Domestic Product by State and Personal Income by State, 3rd Quarter 2024

    Real gross domestic product increased in 46 states and the District of Columbia in the third quarter of 2024, with the percent change ranging from 6.9 percent at an annual rate in Arkansas to -2.3 percent in North Dakota.Personal income, in current dollars, increased in 49 states and the District of Columbia, with the percent change ranging from 5.4 percent at an annual rate in Arkansas to -0.7 percent in North Dakota.Full Text
  • Personal Income and Outlays, November 2024

    Personal income increased $71.1 billion (0.3 percent at a monthly rate) in November. Disposable personal income (DPI)-personal income less personal current taxes-increased $61.1 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $78.2 billion (0.4 percent) and consumer spending increased $81.3 billion (0.4 percent). Personal saving was $968.1 billion and the personal saving rate-
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