Real personal consumption expenditures (PCE) (chained 2017 USD million) - United States - BEA - Quarterly
This series is part of the dataset: US real GDP and its components
Download Full Dataset (.xlsx)Latest updates. In the United States, real personal consumption expenditures were 16,731 billion US dollars (2017; annual rate) in 2026-Q1, versus 16,665 in 2025-Q4. This marks an increase of 0.40 percent.
Sample. There are 317 observations in the quarterly time series shown in the plot above. The span of time covered by the series is from March 1947 to March 2026.
History. Here’s a quick look at some simple statistics we computed on the entire sample: real personal consumption expenditures hit a maximum of 16,731 billion US dollars (2017; annual rate) in March 2026; they hit a minimum of 1,351 in March 1947; they had a mean value of 6,789.
Latest values
| Date | Value - Chained 2017 US dollars (USD) million |
|---|---|
| 2025-09-30 | 16585878.0 |
| 2025-12-31 | 16665219.0 |
| 2026-03-31 | 16731167.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Real personal consumption expenditures (PCE) |
| Country | United States |
| Economic concept | Flow |
| Data type | Real aggregate |
| Deflation method | Constant prices |
| Seasonally adjusted | Yes |
| Rescaling | Annual rate |
| Frequency | Quarterly |
| Unit | Chained 2017 US dollars (USD) million |
| Source | Bureau of Economic Analysis (BEA) |
| Source type | National statistical agency |
| Data licence | Open Data |
| Measure type | Level |
Series in the same data set
Discover the other time series included in this data set.
Real GDP
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Real gross domestic product (GDP) (chained 2017 USD million) - United States - BEA - Quarterly | 317 | 1947-03-31 | 2026-03-31 |
Main GDP components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Real personal consumption expenditures (PCE) (chained 2017 USD million) - United States - BEA - Quarterly | 317 | 1947-03-31 | 2026-03-31 |
| Real gross private domestic investment (chained 2017 USD million) - United States - BEA - Quarterly | 317 | 1947-03-31 | 2026-03-31 |
| Real net exports of goods and services (chained 2017 USD million) - United States - BEA - Quarterly | 225 | 1970-03-31 | 2026-03-31 |
| Real government consumption expenditures and gross investment (chained 2017 USD million) - United States - BEA - Quarterly | 317 | 1947-03-31 | 2026-03-31 |
PCE components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Real personal consumption expenditures (PCE): Goods (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
| Real personal consumption expenditures (PCE): Goods: Durable goods (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
| Real personal consumption expenditures (PCE): Goods: Nondurable goods (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
| Real personal consumption expenditures (PCE): Services (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
Investment components
Net exports components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Real exports (chained 2017 USD million) - United States - BEA - Quarterly | 317 | 1947-03-31 | 2026-03-31 |
| Real exports: Goods (chained 2017 USD million) - United States - BEA - Quarterly | 225 | 1970-03-31 | 2026-03-31 |
| Real exports: Services (chained 2017 USD million) - United States - BEA - Quarterly | 225 | 1970-03-31 | 2026-03-31 |
| Real imports (chained 2017 USD million) - United States - BEA - Quarterly | 317 | 1947-03-31 | 2026-03-31 |
| Real imports: Goods (chained 2017 USD million) - United States - BEA - Quarterly | 225 | 1970-03-31 | 2026-03-31 |
| Real imports: Services (chained 2017 USD million) - United States - BEA - Quarterly | 225 | 1970-03-31 | 2026-03-31 |
Government spending components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Real government consumption expenditures and gross investment: Federal (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
| Real government consumption expenditures and gross investment: Federal: National defense (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
| Real government consumption expenditures and gross investment: Federal: Nondefense (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
| Real government consumption expenditures and gross investment: State and local (chained 2017 USD million) - United States - BEA - Quarterly | 77 | 2007-03-31 | 2026-03-31 |
Residual
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Difference between real GDP and the sum of its components due to price chaining (chained 2017 USD million) - United States - BEA - Quarterly | 317 | 1947-03-31 | 2026-03-31 |