Trump Effect: American Economic Growth Blows Past Expectations In Third Quarter

U.S. real gross domestic product (GDP) grew faster than expected in the third quarter, according to new government data out Tuesday.

GDP rose at an annual rate of 4.3% in the third quarter of 2025, according to an initial estimate released by the U.S. Bureau of Economic Analysis (BEA) on Tuesday. In the second quarter of the year, real GDP increased 3.8%, the BEA reported.

“Today’s blockbuster, expectation-smashing GDP report is the latest proof that President Trump’s America First trade and economic agenda continues to turn the page on the Biden economic disaster: American consumers are spending, and American exports are surging,” White House spokesman Kush Desai told the Daily Caller News Foundation in a statement. “President Trump built the greatest economy in the world in his first term, and he’s in the process of doing it all over again. Americans can count on benefitting from a historic economic boom in 2026.”

“Growth is back thanks to the Trump economic tailwinds,” Small Business Administration (SBA) Administrator Kelly Loeffler wrote in a Tuesday X post in response to the release of the GDP numbers.

The Tuesday GDP numbers, which were delayed due to the government shutdown, marks the biggest U.S. GDP increase in two years, MarketWatch reported. The jump in real GDP in the third quarter largely reflected increasing consumer spending, exports, and government spending that were partly offset by a decrease in investment, according to the BEA.