Q2 2025 | Q1 2025 | Chg. from Q1 2025 | Q2 2024 | Chg. from Q2 2024 | |
---|---|---|---|---|---|
Size of the U.S. Economy | |||||
Nominal GDP | $30,353.9B | $29,962.0B | $391.9B | $29,016.7B | $1,337.2B |
Real GDP | $23,703.8B | $23,512.7B | $191.1B | $23,223.9B | $479.9B |
Q2 2025 | Q1 2025 | Chg. from Q1 2025 | |
---|---|---|---|
Quarterly growth rate, annualized (pp) | |||
Nominal GDP | 5.3 | 3.2 | 2.1pp |
– GDP deflator | 2.0 | 3.7 | -1.7pp |
= Real GDP | 3.3 | -0.5 | 3.8pp |
Contribution of subcomponents (pp) | |||
Consumer spending | 1.1 | 0.3 | 0.8pp |
Nonresidential fixed investment | 0.8 | 1.4 | -0.6pp |
Residential investment | -0.2 | 0.0 | -0.2pp |
Change in private inventories | -3.3 | 2.6 | -5.9pp |
Net exports | 5.0 | -4.6 | 9.6pp |
Government spending | 0.0 | -0.1 | 0.1pp |
Total real GDP growth | 3.3 | -0.5 | 3.8pp |
Subcomponent growth rates (pp) | |||
Consumption | 1.6 | 0.5 | 1.1pp |
Investment | -13.8 | 23.8 | -37.6pp |
Exports | -1.3 | 0.4 | -1.7pp |
Imports | -29.8 | 38.0 | -67.8pp |
Government expenditures | -0.2 | -0.6 | 0.4pp |
Date | Time | Release | Data source |
---|---|---|---|
Aug 29 | 08:30 AM | Monthly Expenditures Update, July 2025 | Bureau of Economic Analysis |
Sep 04 | 08:30 AM | Monthly Trade Update, July 2025 | Bureau of Economic Analysis |
Sep 05 | 08:30 AM | Monthly Employment Update, August 2025 | Bureau of Labor Statistics |
Sep 08 | 10:00 AM | Monthly Debt Update, September 2025 | U.S. Treasury |
Sep 11 | 08:30 AM | Monthly Inflation Update, August 2025 | Bureau of Labor Statistics |
Sep 12 | 10:00 AM | Monthly Fiscal Update, August 2025 | U.S. Treasury |
Sep 19 | 10:00 AM | State Employment Update, August 2025 | Bureau of Labor Statistics |
Sep 25 | 08:30 AM | Monthly GDP Update, Q2 2025 Third Estimate | Bureau of Economic Analysis |
Sep 26 | 08:30 AM | Monthly Expenditures Update, August 2025 | Bureau of Economic Analysis |
Source: Bureau of Economic Analysis; U.S. Treasury; JEC Republicans calculations
“pp” = percentage points
“Real” values are expressed in chained 2017 dollars.
Discrepancy in change figures is possible due to rounding.