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January 22, 2026US GDP 2025 Q3 (FINAL ESTIMATE) 
The Bureau of Economic Analysis released final estimates of Q3 US Real Gross Domestic Product (GDP).
US real GDP growth was revised up 0.1 percentage point to 4.4% (seasonally adjusted annualized rate) in Q3 2025.
The increase in real GDP was driven by decreases in imports (-4.4%), which are subtracted from GDP, along with increases in exports (+9.6%), federal government defence spending (+5.7%), personal consumption expenditures (+3.5%), state and local government spending (+2.0%), and non-residential investment (+3.2%). These were partially offset by declines in Federal non-defence spending (-1.4%) and residential investment (-7.1%).
Current-dollar GDP growth was revised up to 8.3% (annualized rate) in the final estimates from 8.2% in the first estimates.
Private inventory investment was revised up to -$23.9 from -$29.6 billion net accumulation in the advanced estimates in Q3 2025.
Source: US Bureau of Economic Analysis, retrieved from Federal Reserve Bank of St. Louis.
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