Gross Domestic Product, 1st Quarter 2025 (Advance Estimate)
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Q1 2025 (Adv)
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-0.3%
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Q4 2024
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+2.4%
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Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February, and March), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment, consumer spending, and exports.
- Current release: April 30, 2025
- Next release: May 29, 2025
- Data Archive Previously published estimates contain historical data and have since been revised.
- News Release Archive
- Vintage History of Quarterly Gross Domestic Product (GDP) and Gross Domestic Income (GDI) Estimates
What is Gross Domestic Product?
A comprehensive measure of U.S. economic activity. GDP measures the value of the final goods and services produced in the United States (without double counting the intermediate goods and services used up to produce them). Changes in GDP are the most popular indicator of the nation's overall economic health.
Contact Personnel
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GDPLisa Mataloni
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MediaConnie O’Connell