US GDP Growth Rate
Real GDP grew at a 3.4% annual rate in Q3 2026, compared with 2.2% in Q2 2026. A year earlier (Q3 2025), the reading was 3.9%.
Real GDP Growth: chart
Real GDP, % change from the prior quarter at a seasonally adjusted annual rate.
Latest readings
Quarterly data| Quarter | Growth (annualized) | Change (pp) |
|---|---|---|
| Q3 2026 | 3.4% | +1.2 |
| Q2 2026 | 2.2% | -0.3 |
| Q1 2026 | 2.5% | +2.3 |
| Q4 2025 | 0.2% | -3.7 |
| Q3 2025 | 3.9% | -0.1 |
| Q2 2025 | 4.0% | +3.9 |
| Q1 2025 | 0.1% | -2.3 |
| Q4 2024 | 2.4% | -0.8 |
| Q3 2024 | 3.2% | -0.4 |
| Q2 2024 | 3.6% | +2.2 |
| Q1 2024 | 1.4% | -2.2 |
| Q4 2023 | 3.6% | -0.9 |
| Q3 2023 | 4.5% | +2.3 |
| Q2 2023 | 2.2% | -1.2 |
| Q1 2023 | 3.4% | +0.7 |
| Q4 2022 | 2.7% | 0.0 |
| Q3 2022 | 2.7% | +2.1 |
| Q2 2022 | 0.6% | +1.6 |
| Q1 2022 | -1.0% | -7.8 |
| Q4 2021 | 6.8% | +3.6 |
| Q3 2021 | 3.2% | -3.9 |
| Q2 2021 | 7.1% | +0.9 |
| Q1 2021 | 6.2% | +1.6 |
| Q4 2020 | 4.6% | -30.3 |
pp = percentage points.
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All US economy indicators →Frequently asked questions
What is the latest US GDP growth rate?
Real GDP grew at a 3.4% annual rate in Q3 2026, compared with 2.2% in Q2 2026. A year earlier (Q3 2025), the reading was 3.9%.
What does annualized GDP growth mean?
It is the quarter-over-quarter growth rate compounded over four quarters, showing what the pace would be if it lasted a full year. The annualized figure is therefore roughly four times the raw change from one quarter to the next.
Do two negative quarters of GDP mean a recession?
It is a popular rule of thumb, not the official definition. In the US, recessions are dated by the National Bureau of Economic Research's Business Cycle Dating Committee, which looks at a broad range of indicators such as employment, income, spending and industrial production.
Why can stocks rise when GDP growth is weak?
Stock prices look ahead, while GDP describes a quarter that has already ended. Markets often bottom while the economic data are still deteriorating, and they also respond to interest rates, which tend to fall when growth weakens.
Source: U.S. Bureau of Economic Analysis, via FRED, Federal Reserve Bank of St. Louis (series A191RL1Q225SBEA). Data checked Nov 6, 5:40 PM ET. Not investment advice.