Real GDP
Total U.S. gross domestic product in chained 2025 dollars — the broadest measure of economic output
26.5$T
Trend YoY growth is +2.3%, accelerating by 0 bps/month over the last 3Y. Latest: +1.9%, 43 bps below trend, a 1.1σ deviation. The latest YoY reading is depressed by 54 bps due to an tough comparison base from 2024.
Level
YoY %
y = 2.3% + 0 bps/mo · t
Deviation from trend