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April 30, 2026US GDP 2026 Q1 (ADVANCED ESTIMATE) 
The Bureau of Economic Analysis has released advanced estimates of Q1 US Real Gross Domestic Product (GDP).
US real GDP growth was estimated at 2.0% (seasonally adjusted annualized rate) for Q1 2026.
The increase in real GDP was driven by increases in exports (+12.9%), federal government defence spending (+2.3%) and non-defence spending (+20.3%), personal consumption expenditures (+1.6%), state and local government spending (+1.6%), and non-residential investment (+10.4%). These were partially offset by a decline in residential investment (-8.0%) and an increase in imports (+21.4%), which are subtracted from GDP.
Current-dollar GDP growth was up to 5.6% (annualized rate) in the first estimates following a 4.2% current-dollar GDP increase in Q4 2025.
Private inventory investment was estimated at -$7.5 billion net accumulation in the advanced estimates in Q1 2026, while Q4 2025 was revised to -$15.6 billion.
Source: US Bureau of Economic Analysis, retrieved from Federal Reserve Bank of St. Louis.
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