Real gross domestic product (GDP) in the United States grew at an annual rate of 3.3 percent during the second quarter of 2025, according to the second estimate released by the U.S. Bureau of Economic Analysis (BEA). This follows a decrease of 0.5 percent in real GDP during the first quarter.
The BEA noted that the increase in GDP was mainly due to a decrease in imports and higher consumer spending, while decreases in investment and exports partly offset these gains. The latest estimate represents an upward revision of 0.3 percentage point from the advance estimate, reflecting higher figures for investment and consumer spending, partially offset by lower government spending and increased imports.
"Real GDP increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent."
The report also shows that real final sales to private domestic purchasers rose by 1.9 percent in the second quarter, which is a revision up by 0.7 percentage point from previous estimates.
"The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports."
Price measures saw modest changes: The price index for gross domestic purchases increased by 1.8 percent, revised down slightly from earlier figures; meanwhile, personal consumption expenditures (PCE) price index rose by 2.0 percent.
Real gross domestic income (GDI) grew by 4.8 percent during this period compared with just a 0.2 percent increase last quarter.
"Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $65.5 billion in the second quarter, in contrast to a decrease of $90.6 billion in the first quarter."
The BEA also provided technical details on sources behind these revisions: upward adjustments were made for intellectual property products—especially software based on new Census Bureau data—and for research and development expenses reported by publicly traded companies; equipment revisions were led by transportation equipment using updated registrations data; structure investments were revised using new construction spending data.
Revisions to consumer spending included both goods such as pharmaceuticals and services like health care and accommodations based on newly available data.
Data updates from BEA’s International Transactions Accounts as well as revised trade statistics influenced export and import estimates for this release.
Additional information about statistical conventions or definitions is available through BEA resources online.