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Growth & spending

Gross Domestic Product — Q2 2026 (third estimate)

Released September 30, 2026 · Bureau of Economic Analysis · full release · charts & history on EconomicsGuru
The third estimate revised Q2 2026 Real GDP growth up to 2.2%, from 1.5%. 10 other series were revised; figures below reflect that.
Real GDP growth
2.2%
▼ −0.3 pp m/m
· −1.8 pp y/y
Real GDP
$24,408.0B
▲ +0.6% m/m
· +2.2% y/y
Real PCE
$16,788.7B
▲ +0.9% m/m
· +2.5% y/y
Deflator
133.4
▲ +1.5% m/m
· +4.0% y/y

Revision check

Revision check clear. Prior periods were checked against the values in the last report — no revisions found. All changes below are computed on current-vintage data.

Key figures

Headline →Q2 2026Q1 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Real GDP growth (q/q, SAAR)2.2%2.5%▼ −0.3 pp—▼ −1.8 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Real GDP level (2017 $)$24,408.0B$24,274.4B▲ +$133.6B▲ +0.6%▲ +$523.4B▲ +2.2%
 
 
 
 
 
 
 
 
 
 
 
 
 
GDP implicit price deflator133.4131.4▲ +2.0▲ +1.5%▲ +5.2▲ +4.0%
 
 
 
 
 
 
 
 
 
 
 
 
 
PCE chain price index131.0129.4▲ +1.6▲ +1.2%▲ +4.6▲ +3.6%
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show year-over-year % change for index series, the level for rates and survey indexes over the last 13 periods; the latest period is highlighted.
Components (real, SAAR levels) →Q2 2026Q1 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Real consumer spending$16,788.7B$16,634.2B▲ +$154.5B▲ +0.9%▲ +$410.4B▲ +2.5%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real gross private domestic investment$4,615.1B$4,563.0B▲ +$52.1B▲ +1.1%▲ +$150.7B▲ +3.4%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real government consumption and investment$4,086.6B$4,087.5B▼ −$0.8B▼ 0.0%▲ +$3.0B▲ +0.1%
 
 
 
 
 
 
 
 
 
 
 
 
 
Real net exports−$1,099.3B−$1,019.5B▼ −$79.8B▼ −7.8%▼ −$47.6B▼ −4.5%
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show year-over-year % change for index series, the level for rates and survey indexes over the last 13 periods; the latest period is highlighted.

What stood out

  • Real GDP growth (q/q, SAAR) · Q1 2025: revised up from −0.6% to 0.1%.
  • Real GDP growth (q/q, SAAR) · Q1 2024: revised up from 0.8% to 1.4%.
  • Real GDP growth (q/q, SAAR) · Q4 2025: revised down from 0.5% to 0.2%.
  • Real GDP growth (q/q, SAAR) · Q2 2026: revised up from 1.5% to 2.2%.
  • Real GDP growth (q/q, SAAR) · Q4 2024: revised up from 1.9% to 2.4%.
  • Real GDP growth (q/q, SAAR) · Q1 2026: revised up from 2.1% to 2.5%.

Full detail

Show every category and subcategory
Full detail — nominal aggregates →Q2 2026Q1 2026M/M chgM/M %Y/Y chgY/Y %
Nominal GDP growth (q/q, SAAR)8.5%5.8%▲ +2.7 pp—▲ +2.3 pp—
Exports of goods and services$3,794.6B$3,547.3B▲ +$247.3B▲ +7.0%▲ +$503.8B▲ +15.3%
Imports of goods and services$4,674.9B$4,368.1B▲ +$306.8B▲ +7.0%▲ +$508.7B▲ +12.2%

Sources

Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-09-30 23:06 UTC. Green marks an increase, red a decrease — direction only, not good or bad.