Us Economy At A Glance Grufity

BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts. A quarterly review finds that the U.S. economy’s increasingly K-shaped nature is making American consumption patterns uneven and unpredictable.

Despite continued growth, this and several other data points suggest a precarious economic situation could soon emerge. Expert Brief by Roger W. Ferguson Jr. and Maximilian Hippold Roger W. Ferguson Jr.

is the Steven A. Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations. Maximilian Hippold is a research associate for international economics at CFR. The longest government shutdown in U.S. history ended after weeks of political gridlock, but the impasse has already taken a toll on the U.S. economy.

Federal employees and contractors missed paychecks, and many working-class Americans started to feel the effect of reduced funding for social programs, such as the Supplemental Nutrition Assistance Program (SNAP). The shutdown also generated a range of indirect costs: Farmers who depend on government data to plan crops or businesses awaiting federal loans and work visas all faced disruptions and the postponed publication of... Greenberg Center for Geoeconomic Studies Grufity's Add-in for Excel allows you to download complete financial and economic data for your analysis. Upload data and create one repository for your data series (public or private) that can be: The Add-in is free to download and requires an API key to log in.

Start a free trial at https://grufity.com/, and obtain your API Key from the Settings page. A paid subscription is required after trial. “U.S. GDP contracted 0.5% in Q1 2025 as imports rose and spending fell. Learn how trade balances and economic shifts shaped this quarterly outlook.” 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 increases in investment and consumer spending. 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 saving was $1.01 trillion in May and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.5 percent. 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. 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). Gross Domestic Product measures everything America produces in a year. But behind that single number lies a simple formula that breaks the entire economy into four pieces: GDP = C + I + G + NX. Each letter represents a different type of spending. Consumer purchases.

Business investments. Government spending. Trade with other countries. Together, they capture the dollars that flows through the American economy. The Bureau of Economic Analysis calculates this number every quarter. Presidents point to it when the economy is booming.

The Federal Reserve uses it to set interest rates. Businesses rely on it to make hiring decisions. Each component tells a different story about economic health. Consumer spending reveals household confidence. Business investment shows whether companies expect growth. Government spending reflects political priorities.

Trade numbers capture America’s place in the global economy. Personal consumption makes up about 68% of the American economy. When you buy groceries, pay rent, or get a haircut, you’re feeding this massive engine that drives economic growth.

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