The US economy expanded an annualized 3.4% in Q3 2026, the most in a year, compared to a 2.2% rise in Q2 and above expectations of 3.2%. The largest upward contribution came from private domestic investment (19.4% vs 4.6% in Q2) amid strong investment in AI. Equipment soared 20.9% (vs 13.4%), particularly computers and peripheral equipment; intellectual property products rose 8.4% (vs 9.2%) and structures increased 5.4% (vs 0.1%). Personal consumption remained robust (3.8%, the same as in Q2), led by both goods (3% vs 4.5%) and services (4.1% vs 3.4%), particularly spending on hospitals and outpatient services and prescription drugs. The government sector jumped 5.3% (vs -0.1%), led by sales of crude oil from the Strategic Reserve. Private inventories also added 1.61 pp to the growth. In contrast, residential investment moved back to contraction after a brief gain in Q2 (-3.3% vs 2.8%). Net trade also weighed down as exports shrank 5.7% (vs +5%) and imports increased 19.7% (vs 12.6%). source: U.S. Bureau of Economic Analysis

The Gross Domestic Product (GDP) in the United States expanded 3.40 percent in the third 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 November of 2026.

The Gross Domestic Product (GDP) in the United States expanded 3.40 percent in the third quarter of 2026 over the previous quarter. GDP Growth Rate in the United States is expected to be 2.00 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
2026-09-30 12:30 PM
QoQ Final
Q2 2.2% 2.5% 1.5% 1.5%
2026-10-29 12:30 PM
QoQ Adv
Q3 3.4% 2.2% 3.2% 3.1%
2026-11-25 01:30 PM
QoQ 2nd Est
Q3 2.2% 3.4% 3.4%



Components Last Previous Unit Reference
GDP Growth Contribution Consumer Spending 2.52 2.51 percentage points Sep 2026
GDP Growth Contribution Exports -0.68 0.56 percentage points Sep 2026
GDP Growth Contribution Government 0.90 -0.01 percentage points Sep 2026
GDP Growth Contribution Imports -2.64 -1.66 percentage points Sep 2026
GDP Growth Contribution Investment 3.27 0.82 percentage points Sep 2026

Related Last Previous Unit Reference
Changes in Inventories 20.30 -63.40 USD Billion Sep 2026
Full Year GDP Growth 2.30 3.00 percent Dec 2025
GDP Annual Growth Rate 3.40 2.20 percent Sep 2026
GDP Constant Prices 24611.10 24408.00 USD Billion Sep 2026
GDP from Agriculture 187.50 184.80 USD Billion Jun 2026
GDP from Construction 870.00 863.10 USD Billion Jun 2026
GDP from Manufacturing 2470.60 2450.30 USD Billion Jun 2026
GDP from Mining 389.60 397.40 USD Billion Jun 2026
GDP From Government 2588.70 2588.40 USD Billion Jun 2026
GDP from Services 17905.60 17793.60 USD Billion Jun 2026
GDP from Transport 704.00 724.40 USD Billion Jun 2026
GDP from Utilities 395.70 388.20 USD Billion Jun 2026
GDP Growth Rate 3.40 2.20 percent Sep 2026
GDP Sales 1.70 2.80 percent Sep 2026
Government Spending 4139.50 4086.60 USD Billion Sep 2026
Gross Fixed Capital Formation 4751.20 4645.80 USD Billion Sep 2026
Gross National Product 24423.00 24276.00 USD Billion Jun 2026
Real Consumer Spending 3.80 3.80 percent Sep 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
3.40 2.20 34.90 -28.00 1947 - 2026 percent Quarterly
SA

News Stream
US GDP Growth Rate Tops Forecasts
The US economy expanded an annualized 3.4% in Q3 2026, the most in a year, compared to a 2.2% rise in Q2 and above expectations of 3.2%. The largest upward contribution came from private domestic investment (19.4% vs 4.6% in Q2) amid strong investment in AI. Equipment soared 20.9% (vs 13.4%), particularly computers and peripheral equipment; intellectual property products rose 8.4% (vs 9.2%) and structures increased 5.4% (vs 0.1%). Personal consumption remained robust (3.8%, the same as in Q2), led by both goods (3% vs 4.5%) and services (4.1% vs 3.4%), particularly spending on hospitals and outpatient services and prescription drugs. The government sector jumped 5.3% (vs -0.1%), led by sales of crude oil from the Strategic Reserve. Private inventories also added 1.61 pp to the growth. In contrast, residential investment moved back to contraction after a brief gain in Q2 (-3.3% vs 2.8%). Net trade also weighed down as exports shrank 5.7% (vs +5%) and imports increased 19.7% (vs 12.6%).
2026-10-29
US Economy Seen Growing Faster in Q3
The US economy is expected to have expanded at an annualized rate of 3.2% in Q3 2026, marking its fastest growth in a year, following a 2.2% increase in Q2. The projected acceleration would underscore the economy’s resilience despite elevated interest rates and persistent geopolitical uncertainty, supported by robust consumer spending, strong investment in AI, inventory accumulation ahead of the holiday season, and the lingering effects of tax cuts and tariff refunds to businesses. According to the Atlanta Fed’s GDPNow estimate, growth is expected to be driven by strong increases in personal consumption (3.8%), equipment investment (20.9%), intellectual property investment (6.6%), nonresidential structures (6.7%), and government spending (2.5%). In contrast, residential investment is projected to contract further, declining 3.6%. Net trade is also expected to weigh on growth, with exports forecast to fall 2.5% while imports are projected to surge 19.5%.
2026-10-29
US GDP Growth Revised Sharply Higher
The US economy expanded at an annualized rate of 2.2% in Q2 2026, revised up by 0.7 percentage point from the 2nd estimate, following an upwardly revised 2.5% growth in Q1. The stronger estimate reflected upward revisions to investment, consumer spending, and government spending. The upward revision to investment reflected stronger private inventory and fixed investment, with nonresidential structures (particularly commercial and healthcare construction, led by data centers) providing the largest contribution. From an industry perspective, the growth was driven by increases in real value added across private services-producing industries (2.5%), private goods-producing industries (2.3%), and government (less than 0.1%). The largest contributions came from real estate and rental and leasing, information, durable goods manufacturing, and finance and insurance. These gains were partly offset by declines in transportation and warehousing, retail trade, and nondurable goods manufacturing.
2026-09-30