US GDP Growth by Component
US quarterly gross domestic product growth rate, contributions and deflator by component from the BEA.
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth rate (annualized, quarter-on-quarter)2 | ||||||||||||||
| Gross Domestic Product (GDP)5 | 1.5 | 2.1 | 0.5 | 4.4 | 3.8 | -0.6 | 1.9 | 3.3 | 3.6 | 0.8 | 3.4 | 4.7 | 2.5 | |
| Personal consumption expenditures2 | 3.4 | 0.5 | 1.9 | 3.5 | 2.5 | 0.6 | 3.9 | 4 | 3.9 | 1.7 | 3 | 3.1 | 1.5 | |
| Goods2 | 4.3 | 0.5 | 0.3 | 3 | 2.2 | 0.2 | 6.9 | 6.1 | 5.5 | -1.3 | 2.2 | 4.4 | 0.4 | |
| Durable goods | 5.7 | 0.5 | 0.1 | 1.6 | 2.3 | -3.4 | 13 | 8.6 | 7.8 | -0.9 | 0.2 | 6.3 | 0.1 | |
| Nondurable goods | 3.5 | 0.6 | 0.4 | 3.9 | 2.2 | 2.2 | 3.8 | 4.8 | 4.3 | -1.6 | 3.2 | 3.3 | 0.6 | |
| Services | 3.1 | 0.5 | 2.7 | 3.6 | 2.6 | 0.8 | 2.5 | 3 | 3.2 | 3.2 | 3.4 | 2.4 | 2 | |
| Gross private domestic investment1 | 2.7 | 7.9 | 2.3 | 0 | -13.8 | 23.3 | -6.8 | 0.9 | 8.2 | -1.6 | 3.6 | 9.4 | 7.2 | |
| Fixed investment2 | 7 | 6.5 | 1.5 | 0.8 | 4.4 | 7.1 | -1.9 | 1.5 | 1.4 | 3 | 4.6 | 3.8 | 9.5 | |
| Nonresidential3 | 8.5 | 10.6 | 2.4 | 3.2 | 7.3 | 9.5 | -3.7 | 3.5 | 2.5 | 1.5 | 5.5 | 1.7 | 11 | |
| Construction | -1.8 | -4.7 | -6.5 | -5 | -7.5 | -3.1 | -8.1 | -2.2 | -3.9 | -5 | 11.3 | 6.8 | 20.1 | |
| Equipment | 13.6 | 15.8 | 4.3 | 5.2 | 8.5 | 21.4 | -4.3 | 8.2 | 8.9 | 0.5 | 3.3 | -2.6 | 12.6 | |
| Intellectual property products | 8.8 | 13.8 | 5.4 | 5.6 | 15 | 6.5 | -0.6 | 2.6 | 0.7 | 6.7 | 4.2 | 2.9 | 4.7 | |
| Residential | 1.3 | -7.8 | -1.7 | -7.1 | -5.1 | -1 | 4.3 | -4.8 | -2 | 8.2 | 1.5 | 11.5 | 4.2 | |
| Exports2 | 4.5 | 10.9 | -3.2 | 9.6 | -1.8 | 0.2 | -0.9 | 8.9 | 0.7 | 4.6 | 6.1 | 4.4 | -5.3 | |
| Goods | 8.9 | 18.8 | -1.7 | 8.5 | -4.7 | 6.3 | -3.9 | 8.4 | 0.4 | -0.1 | 6.4 | 6 | -10.4 | |
| Services | -3.4 | -1.8 | -5.7 | 11.5 | 3.5 | -9.7 | 4.6 | 9.8 | 1.2 | 13.8 | 5.5 | 1.6 | 5.6 | |
| Imports2 | 12.5 | 11.8 | -1 | -4.4 | -29.3 | 38 | -0.2 | 10.1 | 8.4 | 6.9 | 5.4 | 3 | -2.1 | |
| Goods | 15.9 | 16.6 | -2.4 | -7.1 | -35 | 52 | -3.1 | 8.9 | 9 | 7.4 | 2.8 | 4.1 | -4.3 | |
| Services | 0.3 | -4.1 | 4.2 | 6.4 | -1.2 | -5.8 | 11.5 | 15.3 | 5.9 | 4.9 | 16.6 | -1.3 | 7.2 | |
| Government consumption expenditures and gross investment2 | -1 | 4.4 | -5.6 | 2.2 | -0.1 | -1 | 3.3 | 5.4 | 3.3 | 2.3 | 4.7 | 5.2 | 3.3 | |
| Federal2 | -4.2 | 9.4 | -16.6 | 2.7 | -5.3 | -5.6 | 4.4 | 8.6 | 4.3 | 0.8 | 3.4 | 6.8 | -0.1 | |
| National defense | 2.4 | 2.1 | -10.7 | 5.7 | 0.9 | -6.9 | 4.6 | 13.5 | 6.9 | -2.6 | 2 | 7.4 | 2.4 | |
| Nondefense | -13.2 | 20.7 | -24.3 | -1.4 | -13 | -3.8 | 4.1 | 2.4 | 0.9 | 5.5 | 5.2 | 6 | -3.1 | |
| State and local | 0.9 | 1.6 | 1.5 | 2 | 3.1 | 1.9 | 2.7 | 3.6 | 2.8 | 3.2 | 5.4 | 4.2 | 5.4 | |
| Nominal GDP (Current prices) | 8 | 5.8 | 4.2 | 8.3 | 6 | 2.9 | 4.3 | 5.1 | 6.3 | 4 | 5.1 | 8.2 | 4.7 | |
| CONTRIBUTIONS TO GROWTH1 | ||||||||||||||
| Gross Domestic Product (GDP) - Growth rate4 | 1.5 | 2.1 | 0.5 | 4.4 | 3.8 | -0.6 | 1.9 | 3.3 | 3.6 | 0.8 | 3.4 | 4.7 | 2.5 | |
| Personal consumption expenditures2 | 2.31 | 0.37 | 1.3 | 2.34 | 1.68 | 0.42 | 2.61 | 2.66 | 2.61 | 1.17 | 2.04 | 2.08 | 1.02 | |
| Goods2 | 0.89 | 0.11 | 0.06 | 0.64 | 0.47 | 0.04 | 1.43 | 1.27 | 1.14 | -0.29 | 0.47 | 0.95 | 0.09 | |
| Durable goods | 0.41 | 0.03 | 0.01 | 0.12 | 0.17 | -0.26 | 0.92 | 0.61 | 0.56 | -0.07 | 0.02 | 0.48 | 0.01 | |
| Nondurable goods | 0.48 | 0.08 | 0.05 | 0.53 | 0.3 | 0.3 | 0.52 | 0.66 | 0.59 | -0.22 | 0.46 | 0.47 | 0.09 | |
| Services | 1.42 | 0.26 | 1.23 | 1.7 | 1.21 | 0.37 | 1.17 | 1.38 | 1.47 | 1.46 | 1.57 | 1.13 | 0.92 | |
| Gross private domestic investment2 | 0.48 | 1.35 | 0.4 | 0.03 | -2.66 | 3.79 | -1.26 | 0.18 | 1.44 | -0.29 | 0.65 | 1.66 | 1.27 | |
| Fixed investment2 | 1.2 | 1.11 | 0.26 | 0.15 | 0.77 | 1.21 | -0.34 | 0.28 | 0.27 | 0.54 | 0.82 | 0.69 | 1.63 | |
| Nonresidential3 | 1.16 | 1.42 | 0.33 | 0.44 | 0.98 | 1.24 | -0.51 | 0.48 | 0.35 | 0.22 | 0.76 | 0.25 | 1.47 | |
| Construction | -0.05 | -0.13 | -0.19 | -0.15 | -0.23 | -0.1 | -0.26 | -0.07 | -0.13 | -0.17 | 0.36 | 0.22 | 0.61 | |
| Equipment | 0.72 | 0.81 | 0.23 | 0.28 | 0.44 | 1 | -0.22 | 0.41 | 0.44 | 0.03 | 0.17 | -0.13 | 0.61 | |
| Intellectual property products | 0.48 | 0.74 | 0.29 | 0.31 | 0.78 | 0.34 | -0.03 | 0.14 | 0.04 | 0.35 | 0.23 | 0.16 | 0.25 | |
| Residential | 0.05 | -0.3 | -0.06 | -0.29 | -0.21 | -0.04 | 0.17 | -0.2 | -0.08 | 0.32 | 0.06 | 0.44 | 0.16 | |
| Change in private inventories | -0.72 | 0.23 | 0.14 | -0.12 | -3.44 | 2.58 | -0.91 | -0.11 | 1.17 | -0.83 | -0.17 | 0.97 | -0.36 | |
| Net exports of goods and services2 | -1.14 | -0.37 | -0.22 | 1.62 | 4.83 | -4.68 | -0.06 | -0.41 | -1.04 | -0.42 | -0.06 | 0.09 | -0.3 | |
| Exports2 | 0.5 | 1.12 | -0.35 | 1 | -0.2 | 0.02 | -0.1 | 0.95 | 0.08 | 0.49 | 0.66 | 0.49 | -0.6 | |
| Goods | 0.63 | 1.2 | -0.12 | 0.57 | -0.33 | 0.42 | -0.28 | 0.58 | 0.03 | -0.01 | 0.45 | 0.43 | -0.81 | |
| Services | -0.13 | -0.07 | -0.23 | 0.43 | 0.13 | -0.4 | 0.18 | 0.37 | 0.05 | 0.5 | 0.21 | 0.06 | 0.21 | |
| Imports2 | -1.64 | -1.49 | 0.13 | 0.62 | 5.03 | -4.7 | 0.03 | -1.36 | -1.11 | -0.91 | -0.72 | -0.4 | 0.3 | |
| Goods | -1.63 | -1.61 | 0.25 | 0.8 | 4.99 | -4.88 | 0.35 | -0.95 | -0.95 | -0.78 | -0.3 | -0.44 | 0.49 | |
| Services | -0.01 | 0.12 | -0.12 | -0.18 | 0.04 | 0.18 | -0.32 | -0.41 | -0.16 | -0.13 | -0.42 | 0.04 | -0.19 | |
| Government consumption expenditures and gross investment2 | -0.16 | 0.74 | -0.99 | 0.38 | -0.01 | -0.17 | 0.57 | 0.92 | 0.57 | 0.39 | 0.79 | 0.87 | 0.56 | |
| Federal2 | -0.27 | 0.57 | -1.16 | 0.17 | -0.35 | -0.37 | 0.28 | 0.54 | 0.27 | 0.05 | 0.21 | 0.42 | -0.01 | |
| National defense | 0.09 | 0.08 | -0.42 | 0.21 | 0.03 | -0.27 | 0.17 | 0.47 | 0.25 | -0.1 | 0.08 | 0.26 | 0.08 | |
| Nondefense | -0.35 | 0.49 | -0.73 | -0.04 | -0.38 | -0.11 | 0.11 | 0.07 | 0.03 | 0.15 | 0.14 | 0.16 | -0.09 | |
| State and local | 0.1 | 0.17 | 0.16 | 0.21 | 0.33 | 0.2 | 0.29 | 0.38 | 0.3 | 0.34 | 0.57 | 0.44 | 0.56 | |
| DEFLATOR2 | ||||||||||||||
| Gross Domestic Product (GDP)5 | 133.86 | 131.78 | 130.62 | 129.43 | 128.25 | 127.58 | 126.45 | 125.7 | 125.17 | 124.37 | 123.41 | 122.91 | 121.92 | |
| Personal consumption expenditures2 | 131.32 | 129.65 | 128.19 | 127.28 | 126.42 | 125.75 | 124.7 | 123.92 | 123.4 | 122.61 | 121.54 | 120.99 | 120.18 | |
| Goods2 | 119.89 | 117.53 | 116 | 115.43 | 114.97 | 114.92 | 114.29 | 114.35 | 114.82 | 114.71 | 114.86 | 115.19 | 115.09 | |
| Durable goods | 109.66 | 108.35 | 106.62 | 106.39 | 106.26 | 105.46 | 105.23 | 105.3 | 105.91 | 106.62 | 106.7 | 107.57 | 108.81 | |
| Nondurable goods | 125.71 | 122.72 | 121.31 | 120.53 | 119.88 | 120.28 | 119.41 | 119.47 | 119.85 | 119.25 | 119.43 | 119.45 | 118.55 | |
| Services | 136.95 | 135.63 | 134.22 | 133.15 | 132.06 | 131.09 | 129.81 | 128.6 | 127.58 | 126.45 | 124.74 | 123.74 | 122.57 | |
| Gross private domestic investment1 | 126.41 | 125.4 | 124.78 | 123.63 | 122.27 | 122.17 | 121.93 | 121.36 | 120.73 | 119.99 | 119.66 | 119.02 | 118.66 | |
| Fixed investment2 | 127.64 | 126.52 | 125.9 | 124.82 | 123.38 | 123.32 | 123.09 | 122.56 | 121.75 | 120.94 | 120.71 | 120.02 | 119.63 | |
| Nonresidential3 | 119.08 | 118.04 | 117.65 | 116.42 | 114.98 | 115.09 | 115.14 | 114.7 | 114.07 | 113.38 | 113.16 | 112.67 | 112.64 | |
| Construction | 140.3 | 138.91 | 137.71 | 135.93 | 134.81 | 135.16 | 134.81 | 134.7 | 134.94 | 134.36 | 135.18 | 134.01 | 135.33 | |
| Equipment | 120.27 | 118.71 | 117.5 | 116.51 | 114.87 | 113.93 | 113.75 | 113.54 | 112.95 | 112.42 | 111.44 | 111.16 | 110.46 | |
| Intellectual property products | 108.47 | 108.04 | 108.7 | 107.5 | 106.11 | 107.05 | 107.48 | 106.7 | 105.64 | 104.75 | 104.69 | 104.34 | 104.28 | |
| Residential | 158.51 | 157.12 | 155.37 | 155.08 | 153.74 | 152.92 | 151.47 | 150.52 | 148.97 | 147.68 | 147.44 | 145.9 | 143.9 | |
| Exports2 | 134.61 | 127.27 | 124.71 | 124.3 | 123.43 | 123.84 | 122.19 | 122.23 | 122.42 | 121.53 | 120.78 | 121.5 | 120.2 | |
| Goods | 132.22 | 122.72 | 119.81 | 120.07 | 119.54 | 120.08 | 118.29 | 118.78 | 119.69 | 118.93 | 118.68 | 119.81 | 118.48 | |
| Services | 138.48 | 135.61 | 133.77 | 132.06 | 130.54 | 130.72 | 129.33 | 128.5 | 127.32 | 126.18 | 124.47 | 124.35 | 123.13 | |
| Imports2 | 119.55 | 115.16 | 113.14 | 112.53 | 112.47 | 112.82 | 112.33 | 112.49 | 112.27 | 111.74 | 111.08 | 111.11 | 110.95 | |
| Goods | 117.45 | 112.44 | 110.21 | 109.74 | 109.61 | 110.48 | 110.06 | 110.13 | 110.1 | 109.6 | 109.15 | 109.09 | 108.97 | |
| Services | 128.9 | 127.12 | 125.96 | 124.8 | 125 | 123.06 | 122.26 | 122.76 | 121.78 | 121.11 | 119.55 | 119.95 | 119.6 | |
| Government consumption expenditures and gross investment2 | 138.92 | 135.41 | 135.04 | 132.61 | 131.16 | 130.09 | 128.65 | 128.09 | 127.45 | 126.88 | 125.77 | 125.35 | 123.85 | |
| Federal2 | 134.75 | 133.18 | 135.18 | 130.34 | 129 | 126.84 | 125.04 | 124.3 | 123.56 | 122.63 | 121.38 | 120.54 | 119.41 | |
| National defense | 137.51 | 135.14 | 134.55 | 131.09 | 129.92 | 128 | 126.43 | 125.73 | 125.09 | 124.25 | 122.81 | 121.52 | 120.03 | |
| Nondefense | 130.96 | 130.53 | 136.2 | 129.4 | 127.83 | 125.33 | 123.24 | 122.44 | 121.57 | 120.53 | 119.54 | 119.27 | 118.62 | |
| State and local | 141.48 | 136.82 | 135.04 | 134.06 | 132.53 | 132.14 | 130.93 | 130.49 | 129.92 | 129.56 | 128.54 | 128.39 | 126.65 | |
| Gross National Product (GNP) | 133.76 | 131.69 | 130.53 | 129.34 | 128.16 | 127.49 | 126.36 | 125.61 | 125.08 | 124.28 | 123.32 | 122.83 | 121.83 |
Latest reading
Gross Domestic Product (GDP) stood at 1.5% in Q2 2026. That is −0.6 pp from Q1 2026 and −2.3 pp from a year earlier. The series on this page is quarterly and runs from Q2 1947 to Q2 2026. Source: BEA (US Bureau of Economic Analysis).
- Latest
- 1.5%
- Q2 2026
- vs previous period
- −0.6 pp
- Q1 2026
- vs a year earlier
- −2.3 pp
About this data
US quarterly gross domestic product growth rate, contributions and deflator by component from the BEA. This table provides three quarterly perspectives including the annualized quarter-on-quarter growth rate, percentage point contributions to total growth, and the price deflator across categories. Series cover expenditures, goods, services, investments, and government sectors since 1947. Published by the Bureau of Economic Analysis, these measures show the underlying drivers of US economic activity.
Frequently asked questions
- What does US GDP Growth by Component measure?
- It measures the quarterly expenditure components of United States Gross Domestic Product through three metrics: the annualized quarter-on-quarter growth rate, percentage point contributions to total growth, and the implicit price deflator for each category.
- How often is this table published and how far back does it go?
- The data is published quarterly by the Bureau of Economic Analysis (BEA), with historical series extending back to 1947 and updated with each official release.
- What breakdowns and units are available in this table?
- It includes major categories such as durable and non-durable goods, services, gross private domestic investment, government consumption, and net exports, measured in annualized percentages, percentage points, and index values.
- How do contributions to growth differ from growth rates?
- Percentage point contributions convert each component's change into a figure that sums up exactly to total US GDP growth, allowing volatile items like inventory changes or net exports to be accurately assessed even when standard percentage growth rates cannot be calculated.
