Gross Domestic Product, 1st Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised)
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Q1 2025 (3rd)
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-0.5%
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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 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third 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 and consumer spending.
- Current release: June 26, 2025
- Next release: July 30, 2025
- Current-dollar and "real" GDP Note: These full data sets are available in Interactive Data Tables 1.1.5 (current-dollar GDP) and 1.1.6 (real GDP) ), via the link in the previous section: Interactive Data. This Excel file is duplicative and will no longer be produced after the third estimate of 1st quarter GDP on June 26, 2025.
- Percent change from preceding period Note: These full data sets are available in Interactive Data Table 1.1.1), via the link in the previous section: Interactive Data. This Excel file is duplicative and will no longer be produced after the third estimate of 1st quarter GDP on June 26, 2025.
- Underlying Detail Tables
- Motor vehicles July 2, 2025
- Prices and Output for Information and Communication Technologies
- Estimates prepared for international comparisons based on the System of National Accounts
- Additional Tables
- 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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Corporate ProfitsKate Pinard
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MediaConnie O’Connell