GDP Rose 4.4% in Q3 2025, According to Third Estimate

Washington, DC, January 22, 2026-Real gross domestic product (GDP) increased at an annual rate of 4.4% in Q3 2025 (July, August, and September), according to the updated estimate released by the U.S. Bureau of Economic Analysis.

In the second quarter, real GDP increased 3.8%.

Due to the recent government shutdown, this updated report for Q3 2025 replaces the release of the third estimate originally scheduled for December 19, 2025.

The increase in real GDP in Q3 reflected increases in consumer spending, exports, government spending, and investment. Imports, which are a subtraction in the calculation of GDP, decreased.