The US Department of Commerce announced the final estimate of Gross Domestic Product (GDP) data for the January-March period.
Accordingly, GDP in the USA increased by 2.1 percent on an annualized basis in the first quarter of the year. In the preliminary estimate of the data published in April, it was predicted that the economy would grow by 2 percent in the first quarter, and in the second estimate published in May, it was predicted to grow by 1.6 percent.
Thus, the growth rate of the country’s economy in the first quarter was revised upwards.
While the US economy grew by 0.5 percent in the last quarter of 2025, it showed a growth performance of 2.1 percent last year.
Investments, exports, public expenditures and consumer expenditures were effective in the growth in the first quarter of the year. Imports, which are included as a negative item in the GDP calculation, increased.
The downward revision regarding imports was decisive in the upward revision in the first quarter growth data. This impact was partially offset by a downward revision in consumer spending.
