U.S. Real Gross Domestic Product

Percent Change From Quarter One Year Ago

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Quarters seasonally adjusted (Quarterly Y / Y, in %)	II Quarter 2025 final	IV Quarter 2024 final	III Quarter 2024 final	II Quarter 2024 final	I Quarter 2024 final
Gross domestic product (GDP)	2.1 %	2.5 %	2.7 %	3 %	2 %
Personal consumption expenditures	2.7 %	3.1 %	2.9 %	2.7 %	2.7 %
Goods	3.2 %	2.1 %	2.2 %	1.9 %	2.9 %
Durable goods	4.9 %	5.7 %	3.5 %	2.6 %	5.3 %
Nondurable goods	2.2 %	3.1 %	3.1 %	2.9 %	2.3 %
Services	3.8 %	3.3 %	2.7 %	2.1 %	3.7 %

Gross private domestic investment	- %	1.6 %	3.4 %	5.6 %	6.3 %
Fixed investment	2.7 %	2.4 %	3.5 %	3.7 %	2.7 %
Nonresidential	4 %	2.2 %	4 %	3.3 %	3.7 %
Structures	-5.3 %	0.6 %	1.9 %	3.6 %	-1.1 %
Equipment & software	8.1 %	2.7 %	5.3 %	2.4 %	8.3 %
Residential	-1.7 %	2.8 %	1.9 %	5.1 %	-0.8 %
Change in private inventories	- %	- %	- %	- %	- %

Net exports of goods and services
Exports	1.5 %	2.9 %	4.1 %	3.5 %	2.6 %
Goods	1.4 %	1.4 %	4 %	3.3 %	3.1 %
Services	1.8 %	5.8 %	4.4 %	3.8 %	1.8 %
Imports	1.8 %	5.7 %	7 %	5.6 %	12.7 %
Goods	1 %	4.9 %	6.8 %	5.4 %	14.7 %
Services	4.6 %	8.8 %	8 %	6.5 %	4.8 %

Govt. consumption exp. & gross investment	1.9 %	3.2 %	3.3 %	3.5 %	2.6 %
Federal	0.3 %	4.2 %	3.1 %	2.2 %	3 %
National defense	2.7 %	5.5 %	3.9 %	2.2 %	4.2 %
Nondefense	-2.8 %	2.4 %	1.9 %	2.1 %	1.4 %
State & local	2.8 %	2.6 %	3.5 %	4.3 %	2.4 %

Addenda:
Final sales of domestic product	2.6 %	2.6 %	2.7 %	2.7 %	1.3 %
Gross domestic purchases	2.1 %	2.9 %	3.1 %	3.3 %	3.3 %
Final sales to domestic purchasers	2.6 %	2.6 %	2.7 %	2.7 %	1.3 %
Gross national product (GNP)	2.1 %	- %	2.3 %	2.9 %	1.8 %
Disposable personal income	2.2 %	2.3 %	2.6 %	3.1 %	1.5 %

Current-dollar measures:
GDP	- %	- %	- %	- %	- %
Final sales of domestic product	- %	- %	- %	- %	- %
Gross domestic purchases	- %	- %	- %	- %	- %
Final sales to domestic purchasers	- %	- %	- %	- %	- %
GNP	- %	- %	- %	- %	- %
Disposable personal income	- %	- %	- %	- %	- %


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