Bureau of Economic Analysis
December 23, 2025
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 calculation of GDP, decreased.
Principal Federal Economic Indicators
Gross Domestic Product
Q3 2025 (Initial)+4.3%
Personal Income
September 2025+0.4%
International Trade in Goods and Services
September 2025-$52.8 B
International Transactions
Q2 2025-$251.3 B
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Gross Domestic Product, 3rd Quarter 2025 (Initial Estimate) and Corporate Profits (Preliminary)
December 23, 2025 | News Release
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…
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Personal Income and Outlays, Data Update, September 2025
December 23, 2025 | News Release
Personal income and outlays data for the months of July, August, and September 2025 were updated on December 23 with the initial estimate of gross domestic product (GDP) for the third quarter of 2025. The full updated monthly statistics, reflecting newly available source data, are available in a Tables Only spreadsheet, in BEA’s interactive data tables, and via the API.
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Economic Release Schedule Updates
December 19, 2025 | The BEA Wire
SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:
U.S. International Trade in Goods and Services, October 2025, will be released on Jan. 8, 2026, at 8:30 a.m. These data were originally scheduled for release on Dec. 4.
U.S. International Trade in Goods and Services, November 2025, will be released on Jan. 29, 2026, at 8:30 a.m. These data were originally scheduled for…
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Economic Release Update: Personal Income and Outlays, September 2025
December 18, 2025 | The BEA Wire
SUITLAND, Md. – Personal income and outlays data for the months of July, August, and September 2025 will be updated with the initial estimate of Gross Domestic Product for the third quarter of 2025 on Dec. 23 at 8:30 a.m.
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Source Data: The Foundation for Valuable Economic Statistics
December 17, 2025 | The BEA Wire
A blog post from BEA Director Vipin Arora
I’ve always thought that a good analogy for the way we develop our economic estimates at BEA is how a master watchmaker constructs a watch. The watchmaker starts with a blueprint for the design of the watch, just as we begin with the methods of our world-leading economic accounts. Based on that design, the watchmaker carefully selects and assembles the components of the watch. Similarly,…
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U.S. International Trade in Goods and Services, September 2025
December 11, 2025 | News Release
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.
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Economic Release Schedule Updates
December 10, 2025 | The BEA Wire
SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:
Gross Domestic Product, 3rd Quarter 2025 (Updated Estimate), GDP by Industry, and Corporate Profits (Revised) will be released on Jan. 22, 2026, at 8:30 a.m. This report will be the equivalent of a third estimate of quarterly GDP, replacing Gross Domestic Product, 3rd Quarter 2025 (Third Estimate), GDP by Industry,…
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BEA’s Long History of Measuring Direct Investment: Critical Intel for Global Strategies
December 8, 2025 | The BEA Wire
A blog from BEA Director Vipin Arora
During the 1920s, Americans began investing more abroad than other countries were investing in the United States. This marked an important shift in U.S. foreign investment, and reversed the pattern seen before World War I. Around the same time, BEA began producing direct investment statistics—both U.S. direct investment abroad, or USDIA, and foreign direct investment in the United States, or…
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Personal Income and Outlays, September 2025
December 5, 2025 | News Release
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…
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Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2023
December 5, 2025 | News Release
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.
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