Tuesday, December 23, 2025

3Q 2025 GDP is $31.1 trillion

 See https://www.bea.gov/sites/default/files/2025-12/gdp3q25-ini.pdf, page 9, line 1, where the number is 31,095.1 billion. This is up from 30,485.7 at the end of Q2 2025. 

They don't make it easy to find.  Instead the summary reads: Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the third quarter of 2025 (July, August, and September).  To me, it looks like GDP increased by 2% during the quarter (31,095 / 30,486), so I don't know how they calculate their numbers, or how they separate "real" GDP from "current-dollar" GDP. Anyways, the increase is good.

So what is the ratio of debt to GDP?  Total national debt was $37.6 trillion as of 9/30/25, for a ratio of  121%.  This is down from 122% a year ago, so that is good.

For debt to the public, it was $30.3 trillion, for a ratio of 97.5%, up from 96.9% a year ago.

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