The U.S. economy grew at a 2.2% annual rate in the second quarter of 2026, up from the previous estimate of 1.5%, according to the latest BEA estimate. The revision was mainly driven by stronger consumer spending, investment, and government spending. Consumer spending, investment, and exports contributed to growth, while higher imports partially offset it.
Real GDP increased across private services and goods-producing industries, with real estate, information, durable-goods manufacturing, and finance and insurance among the leading contributors. Real GDI rose 2.6%, while corporate profits from current production increased by $384 billion.
At the state level, GDP increased in 44 states and Washington, D.C., ranging from 4.0% growth in New York to a 2.3% decline in West Virginia. Personal income increased in 49 states and D.C., while 2025 consumer spending rose in every state, with Florida recording the largest increase at 7.0%. The release also incorporates the BEA’s 2026 annual updates, which revised economic data going back to 2021.
