December 23, 2025 The US Bureau of Economic Analysis (BEA) reported in its preliminary report that US GDP grew by 4.3% in the third quarter (Q3) of 2023.
Economists had expected the growth rate to be around 3.2% to 3.3%, but the actual result exceeded those expectations. This strong growth was mainly due to consumer spending, increased exports, and government spending. The growth rate in the second quarter (Q2) was 3.8%, meaning that the economy gained momentum in the third quarter. This is the fastest growth rate of the US economy in the last two years.
US President Donald Trump also claimed this strong economic result on social media as a success of his administration's tariffs and economic policies.
