Quarter-on-quarter: 0.2% - a standard pace of growth
Year-on-year: 2.0% - below-trend (with long-term trend running at 2.4%)
US nowcast predictions:
Q4-2026: 1.2%, accelerate from the latest YoY reading to year-end
Q4-2027: 1.4%
Q4-2028: 1.3%
IntroGross domestic product (GDP) is a measure of the economic performance of a country. It is calculated by summing the market value of all the final goods and services produced in a specific time period by a country.
Chart guideWe look at the evolution of GDP growth both on a quarterly and yearly basis and the ongoing GDP forecast (YoY) three months ahead by the US GDPnow FRED service.
InterpretationGDP growth measures provide official information on the past growth of a specific country or regions, not offering any specific insight on what is happening at present time, or what might happen in the future. To better guess what might happen in the future, leading indicators (as PMIs) are more useful to consider than the past GDP trajectory, on top of big picture authorities' predictions (revised periodically).
US GDP components
US GDP components
analyzing economic contributors to growth
what's the biggest US GDP contributor?
Latest available data: 31-12-2025
Components' growth stats:
The top contributor to US growth was consumption at 68%, and consumption is contributing more than usual to the overall GDP.
At 17.5%, business investment is contributing less than usual to the overall GDP
At 17%, public spending is contributing less than usual to the overall GDP
At -2.5%, net exports is contributing more than usual to the overall GDP
IntroGDP is the sum of different components to economic growth: consumption (C), investment (I), government expenditures (G) and exports (X) minus imports (M). Here we look at which component over time, and currently, is contributing the most. We also check if the average contribution by each component is the usual one for the regional economy, or if there's an exception. Data is released quarterly.
ConsumptionConsumption is normally the largest GDP component, consisting of private household expenditures in the economy (durable goods, nondurable goods or services). Examples include food, rent, jewelry, gasoline or and medical expenses.
InvestmentsInvestments, also more technically defined as gross fixed capital formation (GFCF), are the sum of the acquired assets (minus disposals) intended for the production of other goods and services. Examples are machinery & equipment, stores, factories and inventories in general.
Government expendituresGovernment spending is the sum of final goods and services consumed by the government. Examples are salaries of public servants, military purchases or any investments by a government.
Exports & importsExports are goods and services that are produced in one country and sold to buyers in another, while imports are goods or services produced in a foreign country and consumed locally in another country. Exports and imports make up international trade.