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July 30, 2025US GDP 2025 Q2 (ADVANCED ESTIMATE) 
The Bureau of Economic Analysis has released the advance estimates of US real gross domestic product (GDP) for Q2 2025.
US real GDP growth was estimated at +3.0% (seasonally adjusted annualized rate) for Q2 2025 in the advanced estimate. This follows a contraction of 0.5% in Q1 2025.
The increase in real GDP was driven by a decrease in imports (-30.3%), which are subtracted from GDP, and growth in personal consumption expenditures (+1.4%), non-residential investment (+1.9%), federal government defence spending (+2.2%), and state and local government spending (+3.0%). Growth in these categories was partially offset by decreases in exports (-1.8%), residential investment (-4.6%), and federal non-defence spending (-11.2%).
Current-dollar GDP growth was estimated at 5.0% (annualized rate) following a 3.2% current-dollar GDP increase in Q1 2025.
Private inventory investment was estimated at $26.0 billion net withdrawal.
Source: US Bureau of Economic Analysis, retrieved from Federal Reserve Bank of St. Louis.
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