The US economy expanded at an annualized rate of 1.5% in the second quarter of 2026, slowing from 2.1% in the previous quarter and matching the preliminary estimate. Personal consumption expenditures surged 3.4%, the strongest increase since Q3 2025, driven by a 4.3% rise in goods spending and a 3.1% increase in services. Fixed investment climbed 7.0%, led by an 8.5% jump in nonresidential investment, as spending on equipment and intellectual property products benefited from strong AI demand. Residential investment rose 1.3%, ending a five-quarter contraction. Government spending fell 1.0%, dragged by a 13.2% plunge in nondefense federal spending. Net exports also weighed on growth, as imports surged 12.5%, outpacing a 4.5% increase in exports. source: U.S. Bureau of Economic Analysis

The Gross Domestic Product (GDP) in the United States expanded 1.50 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in the United States averaged 3.18 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 August of 2026.

The Gross Domestic Product (GDP) in the United States expanded 1.50 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in the United States is expected to be 0.90 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
2026-07-30 12:30 PM
QoQ Adv
Q2 1.5% 2.1% 2.1% 2.2%
2026-08-26 12:30 PM
QoQ 2nd Est
Q2 1.5% 2.1% 1.5% 1.5%
2026-09-30 12:30 PM
QoQ Final
Q2 2.1% 1.5% 1.5%



Components Last Previous Unit Reference
GDP Growth Contribution Consumer Spending 2.31 0.37 percentage points Jun 2026
GDP Growth Contribution Exports 0.50 1.12 percentage points Jun 2026
GDP Growth Contribution Government -0.16 0.74 percentage points Jun 2026
GDP Growth Contribution Imports -1.64 -1.49 percentage points Jun 2026
GDP Growth Contribution Investment 0.48 1.35 percentage points Jun 2026

Related Last Previous Unit Reference
Changes in Inventories -53.10 -16.70 USD Billion Jun 2026
Full Year GDP Growth 2.10 2.80 percent Dec 2025
GDP Annual Growth Rate 2.10 2.70 percent Jun 2026
GDP Constant Prices 24269.60 24180.40 USD Billion Jun 2026
GDP from Agriculture 207.60 208.80 USD Billion Mar 2026
GDP from Construction 889.20 885.00 USD Billion Mar 2026
GDP from Manufacturing 2448.90 2408.60 USD Billion Mar 2026
GDP from Mining 375.30 375.20 USD Billion Mar 2026
GDP From Government 2595.50 2549.20 USD Billion Mar 2026
GDP from Services 17664.60 17630.50 USD Billion Mar 2026
GDP from Transport 747.00 749.30 USD Billion Mar 2026
GDP from Utilities 357.20 350.10 USD Billion Mar 2026
GDP Growth Rate 1.50 2.10 percent Jun 2026
GDP Sales 2.20 1.90 percent Jun 2026
Government Spending 3990.50 4000.20 USD Billion Jun 2026
Gross Fixed Capital Formation 4551.10 4475.10 USD Billion Jun 2026
Gross National Product 24344.70 24246.70 USD Billion Jun 2026
Real Consumer Spending 3.40 0.50 percent Jun 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
1.50 2.10 34.90 -28.00 1947 - 2026 percent Quarterly
SA

News Stream
US Economic Growth Slows to 1.5% in Q2
The US economy expanded at an annualized rate of 1.5% in the second quarter of 2026, slowing from 2.1% in the previous quarter and matching the preliminary estimate. Personal consumption expenditures surged 3.4%, the strongest increase since Q3 2025, driven by a 4.3% rise in goods spending and a 3.1% increase in services. Fixed investment climbed 7.0%, led by an 8.5% jump in nonresidential investment, as spending on equipment and intellectual property products benefited from strong AI demand. Residential investment rose 1.3%, ending a five-quarter contraction. Government spending fell 1.0%, dragged by a 13.2% plunge in nondefense federal spending. Net exports also weighed on growth, as imports surged 12.5%, outpacing a 4.5% increase in exports.
2026-08-26
US GDP Growth Slows in Q2
The US economy expanded an annualized 1.5% in Q2 2026, below 2.1% in Q1 and forecasts of 2.1% the advance estimate from the BEA showed. Nonresidential fixed investment slowed (8.4% vs 10.6% in Q1). Investment in structures contracted for a tenth consecutive quarter (-5% vs -4.7%) and growth in intellectual property products also eased (8.8% vs 13.8%) while equipment investment remained robust (15.2% vs 15.8%). Meanwhile, residential investment rose 1.5%, marking its first increase in six quarters. Net trade exerted a larger drag (-1.01 pp vs -0.37 pp) due to a slowdown in export growth (4.5% vs 10.9%), while import growth remained strong (11.5% vs 11.8%). Government spending fell 0.8% (vs +4.4%) following sales of crude oil from the Strategic Petroleum Reserve. Private inventories subtracted 0.67 pp from GDP growth. In contrast, consumer spending accelerated (3.2% vs 0.5%), led by prescription drugs, new light trucks, furniture, food services and accommodation.
2026-07-30
US GDP Likely Expanded 2.1% in Q2
The US economy likely expanded at an annualized rate of 2.1% in Q2, matching the pace recorded in Q1 and signalling continued resilience despite the conflict in the Middle East, elevated gasoline prices, and the impact of tariffs. Consumer spending is expected to have remained robust, accelerating from the previous quarter as larger tax refunds and the FIFA World Cup provided additional support. Business spending on equipment likely posted another quarter of double-digit growth, driven by continued investment in AI-related technologies. However, investment in structures is expected to have remained weak, contracting for a tenth consecutive quarter, while residential investment likely declined for a sixth straight quarter. Meanwhile, net trade is expected to have weighed on overall growth, possibly subtracting more than one percentage point from GDP.
2026-07-30