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September 25, 2025US GDP 2025 Q2 (THIRD ESTIMATE) 
The Bureau of Economic Analysis released revised estimates of Q2 US Real Gross Domestic Product (GDP).
US real GDP growth was estimated at 3.8% (seasonally adjusted annualized rate) for Q2 2025 in the final revised estimate.
The increase in real GDP was driven by decreases in imports (-29.3%), which are subtracted from GDP, and by increases in federal government defence spending (+0.9%), state and local government spending (+3.1%), and non-residential investment (+7.3%). These were partially offset by declines in non-defence spending (-13.0%), residential investment (-5.1%) and a decline in exports (-1.8%).
Current-dollar GDP growth was revised to 6.0% (annualized rate) following a 2.9% current-dollar GDP increase in Q1 2024.
Private inventory investment was revised to -$32.9 billion net accumulation.
Source: US Bureau of Economic Analysis, retrieved from Federal Reserve Bank of St. Louis.
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