United States GDP Growth Rate

Last Release

Jun 30, 2025

Actual

3.3

Units In

-0.2

Frequency

Quarterly

Next Release

Dec 19, 2025

Time to Release

2 Months 22 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
33.8 Sep 2020	-31.2 Jun 2020	3.14 %	1947-2025	U.S. Bureau of Economic Analysis

On the expenditure side, personal consumption expenditures accounts for 68 percent of total GDP out of which purchases of goods constitute 23 percent and services 45 percent. Private investment accounts for 16 percent of GDP and government consumption and investment for 18 percent. As the value of goods exported (13.5 percent) is lower than the value of goods imported (16.5 percent), net exports subtracts 3 percent from the total GDP value.

Latest Updates

The US economy expanded an annualized 3.8% in Q2 2025, much higher than 3.3% in the second estimate, and marking the strongest performance since Q3 2023. The stronger-than-anticipated figure primarily reflected an upward revision to consumer spending. PCE rose 2.5% (vs 1.6% in the second estimate), led by a bigger revision for services (2.6% vs 1.2%) while spending on goods remained robust (2.2% vs 2.4%). Fixed investment was also revised higher (4.4% vs 3.3% in the second estimate), including equipment (8.5% vs 7.4%), intellectual property products (15% vs 12.8%) and structures (-7.5% vs -8.9%). Residential investment however, fell more (-5.1% vs -4.7%). Also, government consumption shrank slightly less (-0.1% vs -0.2%). On the other hand, the contribution from net trade was revised lower, as exports declined at a faster pace (-1.8% vs -1.3%) and imports fell 29.3% (vs -29.8%). In addition, the drag from private inventories worsened (-3.44 pp vs -3.29 pp).