The US economy expanded at an annualized rate of 2.0% in Q1 2026, up from 0.5% in the previous quarter but below market expectations of 2.3%, according to a preliminary estimate. Government spending rebounded by 4.4%, recovering from a 5.6% contraction in Q4 2025, as activity resumed following the end of the government shutdown. Gross private domestic investment increased by 8.7%, compared to 2.3% in the previous quarter, with business investment in equipment and structures surging 10.4%, the fastest in nearly three years, driven in part by rapid spending on artificial intelligence technologies. Consumer spending, which accounts for roughly two-thirds of economic activity, rose at a slower pace of 1.6% in Q1, following a 1.9% increase in Q4, supported by demand for services. Net trade contributed negatively to GDP, as exports rose by 12.9% while imports jumped at a faster rate of 21.4%. source: U.S. Bureau of Economic Analysis

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in the United States averaged 3.19 percent from 1947 until 2026, reaching an all time high of 34.90 percent in the third quarter of 2020 and a record low of -28.00 percent in the second quarter of 2020. This page provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in the United States is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States GDP Growth Rate is projected to trend around 2.10 percent in 2027 and 2.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-09 12:30 PM
QoQ Final
Q4 0.5% 4.4% 0.7% 0.7%
2026-04-30 12:30 PM
QoQ Adv
Q1 2.0% 0.5% 2.3% 1.8%
2026-05-28 12:30 PM
QoQ 2nd Est
Q1 0.5% 2.0% 2.0%

Components Last Previous Unit Reference
GDP Growth Contribution Consumer Spending 1.08 1.30 percentage points Mar 2026
GDP Growth Contribution Exports 1.32 -0.35 percentage points Mar 2026
GDP Growth Contribution Government 0.73 -0.99 percentage points Mar 2026
GDP Growth Contribution Imports -2.62 0.13 percentage points Mar 2026
GDP Growth Contribution Investment 1.48 0.40 percentage points Mar 2026

Related Last Previous Unit Reference
Changes in Inventories -7.50 -15.60 USD Billion Mar 2026
Full Year GDP Growth 2.10 2.80 percent Dec 2025
GDP Annual Growth Rate 2.70 2.00 percent Mar 2026
GDP Constant Prices 24174.50 24055.70 USD Billion Mar 2026
GDP from Agriculture 208.80 200.70 USD Billion Dec 2025
GDP from Construction 885.00 889.10 USD Billion Dec 2025
GDP from Manufacturing 2408.60 2434.60 USD Billion Dec 2025
GDP from Mining 375.20 369.60 USD Billion Dec 2025
GDP From Government 2549.20 2601.40 USD Billion Dec 2025
GDP from Services 17630.50 17529.70 USD Billion Dec 2025
GDP from Transport 749.30 755.90 USD Billion Dec 2025
GDP from Utilities 350.10 353.50 USD Billion Dec 2025
GDP Growth Rate 2.00 0.50 percent Mar 2026
GDP Sales 1.60 0.30 percent Mar 2026
Government Spending 3999.70 3957.10 USD Billion Mar 2026
Gross Fixed Capital Formation 4472.80 4405.70 USD Billion Mar 2026
Gross National Product 24173.70 24064.00 USD Billion Dec 2025
Real Consumer Spending 1.60 1.90 percent Mar 2026


United States GDP Growth Rate
On the expenditure side, personal consumption expenditures accounts for 68 percent of total GDP out of which purchases of goods constitute 23 percent and services 45 percent. Private investment accounts for 16 percent of GDP and government consumption and investment for 18 percent. As the value of goods exported (13.5 percent) is lower than the value of goods imported (16.5 percent), net exports subtracts 3 percent from the total GDP value.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 0.50 34.90 -28.00 1947 - 2026 percent Quarterly
SA

News Stream
US Q1 2026 GDP Growth Below Forecasts
The US economy expanded at an annualized rate of 2.0% in Q1 2026, up from 0.5% in the previous quarter but below market expectations of 2.3%, according to a preliminary estimate. Government spending rebounded by 4.4%, recovering from a 5.6% contraction in Q4 2025, as activity resumed following the end of the government shutdown. Gross private domestic investment increased by 8.7%, compared to 2.3% in the previous quarter, with business investment in equipment and structures surging 10.4%, the fastest in nearly three years, driven in part by rapid spending on artificial intelligence technologies. Consumer spending, which accounts for roughly two-thirds of economic activity, rose at a slower pace of 1.6% in Q1, following a 1.9% increase in Q4, supported by demand for services. Net trade contributed negatively to GDP, as exports rose by 12.9% while imports jumped at a faster rate of 21.4%.
2026-04-30
US Economy Likely Rebounded in Q1
The U.S. economy likely expanded at an annualized 2.3% in Q1 2026, rebounding from a modest 0.5% gain in Q4 2025. The pickup partly reflects a bounce-back following the previous quarter’s government shutdown, with business investment in equipment providing support even as consumer spending softened. Net trade likely weighed on growth amid a surge in imports, although some of that increase may have been absorbed into inventories.
2026-04-30
US Q4 GDP Growth Revised Further Down
The US economy expanded at an annualized rate of 0.5% in Q4 2025, revised down further from 0.7% in the second estimate and 1.4% in the preliminary reading, mainly due to a downward revision to investment. Consumer spending slowed more than anticipated (1.9% vs 2% in the second estimate), as purchases of both goods (0.3%) and services (2.7%) cooled. Fixed investment also increased less than expected (1.5% vs 1.6%), largely due to a sharp drop in structures (-6.5%) while investment in equipment (4.3%) and intellectual property products (5.4%) remained robust. Residential investment fell more than anticipated (-1.7% vs -0.5%). Exports declined 3.2%, compared to a 3.3% fall, marking the largest contraction since Q2 2023. Imports also fell slightly less than early estimated (-1.0% vs. -1.1%). Meanwhile, government spending and investment contracted sharply (-5.6% vs -5.8%), subtracting 0.99 pp from overall growth, due to the government shutdown. For 2025, the US economy expanded by 2.1%.
2026-04-09