United States GDP Growth Rate

Last Release

Mar 31, 2025

Actual

-0.2

Units In

2.3

Frequency

Quarterly

Next Release

Sep 25, 2025

Time to Release

2 Months 28 Days 14 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 contracted at an annualized rate of 0.5% in Q1 2025, a sharper decline than the second estimate of a 0.2% drop and the first quarterly contraction in three years. The weaker GDP figure was largely driven by significant downward revisions to consumer spending and exports. Consumer spending rose just 0.5%, the slowest pace since the sharp declines of 2020, down from 1.2% in the previous estimate. Exports grew only 0.4% compared to the earlier estimate of 2.4%. These declines were only partially offset by a downward revision to imports (37.9% vs 42.6%). The sharp rise in imports reflected a rush by businesses and consumers to stockpile goods ahead of anticipated price increases stemming from a series of tariff announcements. Meanwhile, federal government spending dropped 4.6%, the steepest decline since Q1 2022, and in line with the second estimate. Fixed investment rose by 7.6%, the strongest gain since mid-2023, but slightly less than 7.8% in the early reading.