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United States GDP Growth Rate (QoQ)

The United States GDP experienced an annualized quarter-over-quarter growth rate of 3.8% in Q2 2025. This is the highest growth since Q3 2023 and follows a contraction of -0.6% in Q1 2025. The Q2 rebound was driven by a significant decrease in imports and robust consumer spending. Investment and exports decreased. The Q1 contraction was due to increased imports and decreased government spending. The United States' record low GDP Growth Rate (QoQ) was -28.1% in Q2 2020 and record high was 35.2% in Q3 2020.

Quarterly Historical Data (1947-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 3.8%
Q1 2025 -0.6%
Q4 2024 2.4%
Q3 2024 3.1%
Q2 2024 3%
Q1 2024 1.6%
Q4 2023 3.2%
Q3 2023 4.4%
Q2 2023 2.4%
Q1 2023 2.8%
Q4 2022 3.4%
Q3 2022 2.7%
Q2 2022 0.3%
Q1 2022 -1%
Q4 2021 7.4%
Q3 2021 3.5%
Q2 2021 6.4%
Q1 2021 5.6%
Q4 2020 4.4%
Q3 2020 35.2%
Q2 2020 -28.1%
Q1 2020 -5.5%
Q4 2019 2.8%
Q3 2019 4.8%
Q2 2019 3.4%
Q1 2019 2.5%
Q4 2018 0.6%
Q3 2018 2.5%
Q2 2018 2.1%
Q1 2018 3.3%
Q4 2017 4.6%
Q3 2017 3.2%
Q2 2017 2.3%
Q1 2017 2%
Q4 2016 2.2%
Q3 2016 2.9%
Q2 2016 1.3%
Q1 2016 2.3%
Q4 2015 0.7%
Q3 2015 1.6%
Q2 2015 2.5%
Q1 2015 3.6%
Q4 2014 2%
Q3 2014 5%
Q2 2014 5.3%
Q1 2014 -1.4%
Q4 2013 3.5%
Q3 2013 3.5%
Q2 2013 1.1%
Q1 2013 4%
Q4 2012 0.5%
Q3 2012 0.6%
Q2 2012 1.8%
Q1 2012 3.4%
Q4 2011 4.6%
Q3 2011 -0.1%
Q2 2011 2.7%
Q1 2011 -0.9%
Q4 2010 2.1%
Q3 2010 3.1%
Q2 2010 3.9%
Q1 2010 1.9%
Q4 2009 4.4%
Q3 2009 1.4%
Q2 2009 -0.7%
Q1 2009 -4.5%
Q4 2008 -8.5%
Q3 2008 -2.1%
Q2 2008 2.4%
Q1 2008 -1.7%
Q4 2007 2.5%
Q3 2007 2.3%
Q2 2007 2.5%
Q1 2007 1.2%
Q4 2006 3.5%
Q3 2006 0.6%
Q2 2006 1%
Q1 2006 5.5%
Q4 2005 2.2%
Q3 2005 3.2%
Q2 2005 2%
Q1 2005 4.5%
Q4 2004 4.1%
Q3 2004 3.8%
Q2 2004 3.1%
Q1 2004 2.3%
Q4 2003 4.7%
Q3 2003 6.8%
Q2 2003 3.6%
Q1 2003 2.1%
Q4 2002 0.5%
Q3 2002 1.6%
Q2 2002 2.5%
Q1 2002 3.4%
Q4 2001 1.1%
Q3 2001 -1.6%
Q2 2001 2.5%
Q1 2001 -1.3%
Q4 2000 2.4%
Q3 2000 0.4%
Q2 2000 7.5%
Q1 2000 1.5%
Q4 1999 6.7%
Q3 1999 5.4%
Q2 1999 3.4%
Q1 1999 3.8%
Q4 1998 6.6%
Q3 1998 5.1%
Q2 1998 3.8%
Q1 1998 4.1%
Q4 1997 3.5%
Q3 1997 5.1%
Q2 1997 6.8%
Q1 1997 2.6%
Q4 1996 4.2%
Q3 1996 3.6%
Q2 1996 6.8%
Q1 1996 3%
Q4 1995 2.7%
Q3 1995 3.5%
Q2 1995 1.2%
Q1 1995 1.4%
Q4 1994 4.7%
Q3 1994 2.4%
Q2 1994 5.5%
Q1 1994 3.9%
Q4 1993 5.6%
Q3 1993 1.9%
Q2 1993 2.3%
Q1 1993 0.7%
Q4 1992 4.2%
Q3 1992 4%
Q2 1992 4.4%
Q1 1992 4.9%
Q4 1991 1.4%
Q3 1991 2%
Q2 1991 3.2%
Q1 1991 -1.9%
Q4 1990 -3.6%
Q3 1990 0.3%
Q2 1990 1.5%
Q1 1990 4.4%
Q4 1989 0.8%
Q3 1989 3%
Q2 1989 3.1%
Q1 1989 4.1%
Q4 1988 5.4%
Q3 1988 2.4%
Q2 1988 5.4%
Q1 1988 2.1%
Q4 1987 7%
Q3 1987 3.5%
Q2 1987 4.4%
Q1 1987 3%
Q4 1986 2.2%
Q3 1986 3.9%
Q2 1986 1.8%
Q1 1986 3.8%
Q4 1985 3%
Q3 1985 6.3%
Q2 1985 3.6%
Q1 1985 3.9%
Q4 1984 3.3%
Q3 1984 3.9%
Q2 1984 7.1%
Q1 1984 8.1%
Q4 1983 8.6%
Q3 1983 8.2%
Q2 1983 9.4%
Q1 1983 5.4%
Q4 1982 0.2%
Q3 1982 -1.5%
Q2 1982 1.8%
Q1 1982 -6.1%
Q4 1981 -4.3%
Q3 1981 4.9%
Q2 1981 -2.9%
Q1 1981 8.1%
Q4 1980 7.7%
Q3 1980 -0.5%
Q2 1980 -8%
Q1 1980 1.3%
Q4 1979 1%
Q3 1979 3%
Q2 1979 0.4%
Q1 1979 0.7%
Q4 1978 5.5%
Q3 1978 4.1%
Q2 1978 16.4%
Q1 1978 1.3%
Q4 1977 0%
Q3 1977 7.4%
Q2 1977 8%
Q1 1977 4.8%
Q4 1976 2.9%
Q3 1976 2.2%
Q2 1976 3%
Q1 1976 9.3%
Q4 1975 5.5%
Q3 1975 7%
Q2 1975 2.9%
Q1 1975 -4.8%
Q4 1974 -1.5%
Q3 1974 -3.7%
Q2 1974 1%
Q1 1974 -3.4%
Q4 1973 3.9%
Q3 1973 -2.1%
Q2 1973 4.4%
Q1 1973 10.3%
Q4 1972 6.9%
Q3 1972 3.8%
Q2 1972 9.4%
Q1 1972 7.6%
Q4 1971 0.9%
Q3 1971 3.3%
Q2 1971 2.2%
Q1 1971 11.3%
Q4 1970 -4.2%
Q3 1970 3.7%
Q2 1970 0.6%
Q1 1970 -0.6%
Q4 1969 -1.9%
Q3 1969 2.7%
Q2 1969 1.2%
Q1 1969 6.4%
Q4 1968 1.6%
Q3 1968 3.1%
Q2 1968 6.9%
Q1 1968 8.4%
Q4 1967 3.1%
Q3 1967 3.8%
Q2 1967 0.2%
Q1 1967 3.6%
Q4 1966 3.3%
Q3 1966 3.4%
Q2 1966 1.4%
Q1 1966 10.1%
Q4 1965 9.5%
Q3 1965 9.2%
Q2 1965 5.2%
Q1 1965 10%
Q4 1964 1.2%
Q3 1964 6.4%
Q2 1964 4.4%
Q1 1964 8.7%
Q4 1963 2.6%
Q3 1963 9.1%
Q2 1963 4.6%
Q1 1963 4.4%
Q4 1962 1.3%
Q3 1962 5%
Q2 1962 3.7%
Q1 1962 7.3%
Q4 1961 8.1%
Q3 1961 7.9%
Q2 1961 7%
Q1 1961 2.7%
Q4 1960 -5%
Q3 1960 2%
Q2 1960 -2.1%
Q1 1960 9.3%
Q4 1959 1.1%
Q3 1959 0.3%
Q2 1959 9.3%
Q1 1959 7.9%
Q4 1958 9.7%
Q3 1958 9.6%
Q2 1958 2.7%
Q1 1958 -10%
Q4 1957 -4.1%
Q3 1957 4%
Q2 1957 -0.9%
Q1 1957 2.6%
Q4 1956 6.8%
Q3 1956 -0.3%
Q2 1956 3.3%
Q1 1956 -1.5%
Q4 1955 2.4%
Q3 1955 5.5%
Q2 1955 6.7%
Q1 1955 11.9%
Q4 1954 8.1%
Q3 1954 4.6%
Q2 1954 0.4%
Q1 1954 -1.9%
Q4 1953 -5.9%
Q3 1953 -2.2%
Q2 1953 3.1%
Q1 1953 7.7%
Q4 1952 13.8%
Q3 1952 2.9%
Q2 1952 0.8%
Q1 1952 4.3%
Q4 1951 0.9%
Q3 1951 8.5%
Q2 1951 7.1%
Q1 1951 5.5%
Q4 1950 7.9%
Q3 1950 16.4%
Q2 1950 12.7%
Q1 1950 16.7%
Q4 1949 -3.3%
Q3 1949 4.2%
Q2 1949 -1.4%
Q1 1949 -5.4%
Q4 1948 0.5%
Q3 1948 2.3%
Q2 1948 6.8%
Q1 1948 6.2%
Q4 1947 6.4%
Q3 1947 -0.8%
Q2 1947 -1%

Recent Events

datetime event actual previous consensus
2025-09-25 08:30 AM GDP Growth Rate QoQ Final (Q2) 3.8% -0.6% 3.3%
2025-08-28 08:30 AM GDP Growth Rate QoQ 2nd Est (Q2) 3.3% -0.5% 3.1%

Next Release Date :

United States GDP Growth Rate (QoQ) : Definition
The United States quarterly GDP growth rate measures the change in the value of all goods and services produced domestically. It is calculated by comparing current quarter GDP to the previous quarter's GDP. This quarterly change is then annualized, showing the growth rate projected over a full year.
Indicator Last Value Prior Value Period
GDP $29.18T $27.72T 2024
GDP Annual Growth Rate 2.8% 2.89% 2024
GDP Growth Rate (YoY) 2.1% 2% Jun'25
GDP per Capita $66,682.61 $65,505.26 2024
GDP per Capita PPP $75,491.61 $74,158.72 2024
R&D Expenditure (% GDP) 3.59% 3.48% 2022
Real GDP $22.68T $22.06T 2024