Macro Dashboard
Gross Domestic Product
Quarterly GDP growth, component breakdown, contributions to growth, revision tracking, and industry-level performance from BEA NIPA data.
Coverage
Q1 '10 – Q4 '25
Latest quarter is advance estimate
GDP measures the total value of goods and services produced in the US economy. BEA releases three estimates per quarter — advance, second, and third — each incorporating more complete data. The component mix and revision pattern reveal where growth is actually coming from.
Latest Q/Q Growth
+1.4%
Q4 '25 (Advance)
4-Quarter Average
+2.3%
Trailing 4Q average
Nominal GDP
$31490.1T
Q4 '25
Quarterly Growth
Real GDP Growth Rate
Annualized quarter-over-quarter change in real GDP, with NBER recession shading.
Real GDP Growth Rate
Annualized quarter-over-quarter real GDP growth, chained 2017 dollars
Latest
Q4 '25 +1.4%
vs +2.3% 4Q avg
Source: BEA NIPA Table T10101, seasonally adjusted annual rate
GDP Components
Component Breakdown
GDP = C + I + G + NX. Growth rates by major and detailed components.
Strongest Component
Consumption (C)
+1.58 pp
Weakest Component
Government (G)
-0.90 pp
Major Components
GDP = C + I + G + NX — Q4 '25
NX shown as contribution (pp) since net exports can cross zero
Detailed Sub-Components
Growth rates by sub-component — Q4 '25
Inventories shown as contribution (pp); all others are annualized growth rates
Growth Contributions
What Drives Growth
Percentage-point contributions show how much each component added or subtracted from the headline.
GDP Growth Contributions
Percentage-point contributions to annualized real GDP growth by component; bars stack from the zero line
Latest
Q4 '25
+1.4% total
Source: BEA NIPA Table 1.1.2 · Percentage-point contributions to real GDP growth · Hover or tap bars for detail
Cumulative GDP Growth by Component
Cumulative real dollar growth from start of period, split by C/I/G/NX
Cumulative
+$2.1T
Q4 '25
BEA NIPA · Cumulative real GDP growth · Hover or tap for detail
Data Revisions
Revision Tracking
How GDP estimates change from advance to third release, and the cumulative revision bias.
Net Revision (Last 2Q)
+0.9 pp
Combined revision to last 2 quarters
Cumulative Bias (8Q)
+0.2 pp
Initial reports understated
Revision Tracker
Advance → Second → Latest revised value — persistent bias signals the economy was different than first reported
Net Revision
+4.7pp cumulative
Source: BEA advance/second/third GDP estimates · Hover, focus, or tap for detail
Estimate Stage Progression
How GDP growth estimates evolve from Advance through Second and Third releases
Source: BEA NIPA advance/second/third estimates · Hover for detail
By Industry
Super-Sector Performance
Quarterly growth rates across six major industry super-sectors.
Industry Growth Heatmap
Annualized Q/Q growth rates by super-sector — green positive, red negative
Source: BEA GDP-by-Industry Table 9, annualized Q/Q % · Hover for detail
Quarterly Summary
Full Data Table
All quarterly GDP data with growth rate, nominal level, estimate stage, revision, and component contributions.
Quarterly GDP Data
Growth rates, nominal levels, revisions, and component contributions
| Quarter | Real GDP | Nominal | Revision | C | I | G | NX |
|---|---|---|---|---|---|---|---|
| Q4 '25A | +1.4% | $31.5T | — | +1.58 | +0.66 | -0.90 | +0.08 |
| Q3 '25S | +4.4% | $31.1T | +0.1 | +2.34 | +0.03 | +0.38 | +1.62 |
| Q2 '25T | +3.8% | $30.5T | +0.8 | +1.68 | -2.66 | -0.01 | +4.83 |
| Q1 '25T | -0.6% | $30.0T | -0.3 | +0.42 | +3.79 | -0.17 | -4.68 |
| Q4 '24T | +1.9% | $29.8T | -0.4 | +2.61 | -1.26 | +0.57 | -0.06 |
| Q3 '24T | +3.3% | $29.5T | +0.5 | +2.66 | +0.18 | +0.92 | -0.41 |
| Q2 '24T | +3.6% | $29.1T | +0.8 | +2.61 | +1.44 | +0.57 | -1.04 |
| Q1 '24T | +0.8% | $28.7T | -0.8 | +1.17 | -0.29 | +0.39 | -0.42 |
| Q4 '23T | +3.4% | $28.4T | +0.1 | +2.04 | +0.65 | +0.79 | -0.06 |
| Q3 '23T | +4.7% | $28.1T | -0.2 | +2.08 | +1.66 | +0.87 | +0.09 |
| Q2 '23T | +2.5% | $27.5T | +0.1 | +1.02 | +1.27 | +0.56 | -0.30 |
| Q1 '23T | +2.9% | $27.2T | +1.8 | +2.99 | -1.33 | +0.69 | +0.58 |
| Q4 '22T | +2.8% | $26.8T | -0.1 | +0.53 | +1.43 | +0.69 | +0.14 |
| Q3 '22T | +2.9% | $26.3T | +0.3 | +1.27 | -1.26 | +0.28 | +2.63 |
| Q2 '22T | +0.6% | $25.9T | +1.5 | +2.19 | -1.69 | -0.26 | +0.38 |
| Q1 '22T | -1.0% | $25.3T | +0.4 | +0.22 | +1.45 | -0.54 | -2.15 |
| Q4 '21T | +7.0% | $24.8T | +0.1 | +2.63 | +4.71 | -0.01 | -0.29 |
| Q3 '21T | +3.3% | $24.0T | +1.3 | +2.24 | +2.60 | -0.54 | -0.96 |
| Q2 '21T | +7.0% | $23.4T | +0.5 | +9.42 | -0.78 | -0.85 | -0.81 |
| Q1 '21T | +5.7% | $22.7T | -0.7 | +6.05 | -0.40 | +1.05 | -1.01 |
| Q4 '20T | +4.6% | $22.1T | — | +3.60 | +2.46 | +0.08 | -1.53 |
| Q3 '20T | +34.9% | $21.7T | — | +24.95 | +13.54 | -1.14 | -2.50 |
| Q2 '20T | -28.0% | $20.0T | — | -21.62 | -8.92 | +1.82 | +0.74 |
| Q1 '20T | -5.2% | $21.8T | — | -4.48 | -1.80 | +0.77 | +0.34 |
Source: BEA NIPA Tables · Growth = annualized Q/Q % · C/I/G/NX in percentage-point contributions · Highlighted rows are preliminary estimates
Methodology & Sources
Source: Bureau of Economic Analysis (BEA), National Income and Product Accounts (NIPA).
Tables: T10101 (real GDP percent change), T10102 (contributions), T10105 (nominal levels), T10106 (real levels), GDPByIndustry Table 9 (industry growth).
Revision tracking: BEA releases three estimates per quarter: advance (~30 days after quarter end), second (~60 days), third (~90 days). Subsequent annual and comprehensive revisions may also occur.
Notes: All growth rates are annualized quarter-over-quarter, seasonally adjusted. Real GDP uses chained 2017 dollars. Net exports and inventory changes are shown as percentage-point contributions rather than percent changes (since they can cross zero).