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Real GDP under Donald Trump (second term)

Real GDP went from $23.6T in Donald Trump (second term)'s first month to $24.6T at month 21 (the latest reading): a change of +4.1%. At that point in office it ranks #5 of 10 administrations since 1969. Official data from the Bureau of Economic Analysis (BEA).

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Month 1
$23.6T
Month 21 (latest)
$24.6T
Change
+4.1%
Rank at that point
#5 of 10
-1.6%+5.8%+13.2%Month 1Month 13Month 25Month 37Month 48Nixon, month 1: 0.0%Nixon, month 4: +0.4%Nixon, month 7: +0.9%Nixon, month 10: +0.6%Nixon, month 13: +0.4%Nixon, month 16: +0.6%Nixon, month 19: +1.5%Nixon, month 22: +0.4%Nixon, month 25: +3.0%Nixon, month 28: +3.6%Nixon, month 31: +4.5%Nixon, month 34: +4.7%Nixon, month 37: +6.6%Nixon, month 40: +9.1%Nixon, month 43: +10.0%Nixon, month 46: +11.9%Nixon, month 48: +11.9%NixonCarter, month 1: 0.0%Carter, month 4: +1.8%Carter, month 7: +3.7%Carter, month 10: +3.7%Carter, month 13: +4.1%Carter, month 16: +8.1%Carter, month 19: +9.2%Carter, month 22: +10.7%Carter, month 25: +10.9%Carter, month 28: +11.0%Carter, month 31: +11.8%Carter, month 34: +12.1%Carter, month 37: +12.4%Carter, month 40: +10.1%Carter, month 43: +10.0%Carter, month 46: +12.1%Carter, month 48: +12.1%CarterReagan, month 1: 0.0%Reagan, month 4: -0.8%Reagan, month 7: +0.4%Reagan, month 10: -0.7%Reagan, month 13: -2.1%Reagan, month 16: -1.7%Reagan, month 19: -2.1%Reagan, month 22: -2.1%Reagan, month 25: -0.8%Reagan, month 28: +1.5%Reagan, month 31: +3.5%Reagan, month 34: +5.6%Reagan, month 37: +7.6%Reagan, month 40: +9.5%Reagan, month 43: +10.6%Reagan, month 46: +11.5%Reagan, month 48: +11.5%ReaganBush 41, month 1: 0.0%Bush 41, month 4: +0.8%Bush 41, month 7: +1.5%Bush 41, month 10: +1.7%Bush 41, month 13: +2.9%Bush 41, month 16: +3.2%Bush 41, month 19: +3.3%Bush 41, month 22: +2.4%Bush 41, month 25: +1.8%Bush 41, month 28: +2.7%Bush 41, month 31: +3.2%Bush 41, month 34: +3.6%Bush 41, month 37: +4.8%Bush 41, month 40: +5.9%Bush 41, month 43: +7.0%Bush 41, month 46: +8.1%Bush 41, month 48: +8.1%Bush 41Clinton, month 1: 0.0%Clinton, month 4: +0.6%Clinton, month 7: +1.0%Clinton, month 10: +2.4%Clinton, month 13: +3.4%Clinton, month 16: +4.8%Clinton, month 19: +5.4%Clinton, month 22: +6.6%Clinton, month 25: +7.0%Clinton, month 28: +7.3%Clinton, month 31: +8.2%Clinton, month 34: +9.0%Clinton, month 37: +9.7%Clinton, month 40: +11.6%Clinton, month 43: +12.6%Clinton, month 46: +13.8%Clinton, month 48: +13.8%ClintonBush 43, month 1: 0.0%Bush 43, month 4: +0.6%Bush 43, month 7: +0.2%Bush 43, month 10: +0.5%Bush 43, month 13: +1.3%Bush 43, month 16: +2.0%Bush 43, month 19: +2.4%Bush 43, month 22: +2.5%Bush 43, month 25: +3.0%Bush 43, month 28: +3.9%Bush 43, month 31: +5.7%Bush 43, month 34: +6.9%Bush 43, month 37: +7.5%Bush 43, month 40: +8.4%Bush 43, month 43: +9.4%Bush 43, month 46: +10.5%Bush 43, month 48: +10.5%Bush 43Obama, month 1: 0.0%Obama, month 4: -0.2%Obama, month 7: +0.2%Obama, month 10: +1.2%Obama, month 13: +1.7%Obama, month 16: +2.7%Obama, month 19: +3.5%Obama, month 22: +4.0%Obama, month 25: +3.8%Obama, month 28: +4.5%Obama, month 31: +4.5%Obama, month 34: +5.6%Obama, month 37: +6.6%Obama, month 40: +7.0%Obama, month 43: +7.2%Obama, month 46: +7.3%Obama, month 48: +7.3%ObamaTrump I, month 1: 0.0%Trump I, month 4: +0.6%Trump I, month 7: +1.3%Trump I, month 10: +2.5%Trump I, month 13: +3.3%Trump I, month 16: +3.9%Trump I, month 19: +4.5%Trump I, month 22: +4.6%Trump I, month 25: +5.3%Trump I, month 28: +6.2%Trump I, month 31: +7.4%Trump I, month 34: +8.2%Trump I, month 37: +6.8%Trump I, month 40: -1.6%Trump I, month 43: +6.0%Trump I, month 46: +7.2%Trump I, month 48: +7.2%Trump IBiden, month 1: 0.0%Biden, month 4: +1.7%Biden, month 7: +2.5%Biden, month 10: +4.2%Biden, month 13: +4.0%Biden, month 16: +4.1%Biden, month 19: +4.8%Biden, month 22: +5.5%Biden, month 25: +6.4%Biden, month 28: +7.0%Biden, month 31: +8.1%Biden, month 34: +9.1%Biden, month 37: +9.5%Biden, month 40: +10.5%Biden, month 43: +11.3%Biden, month 46: +12.0%Biden, month 48: +12.0%BidenTrump II, month 1: 0.0%Trump II, month 4: +1.0%Trump II, month 7: +1.9%Trump II, month 10: +2.0%Trump II, month 13: +2.6%Trump II, month 16: +3.2%Trump II, month 19: +4.1%Trump II, month 21: +4.1%Trump II
% change since each president's first month in office, months 1–48 of each term. Highlighted: Trump II.

All administrations at month 21

Real GDP at month 21 in office, 10 administrations ranked on % change since month 1. Average of all 10: +3.6%.
RankAdministrationValue at month 21Change since month 1Latest / end of month 48Primary federal source
#1Jimmy Carter$7.1T+9.2%$7.3T (month 48)Bureau of Economic Analysis · GDPC1
#2Bill Clinton$11.2T+5.4%$12.0T (month 48)Bureau of Economic Analysis · GDPC1
#3Joe Biden$22.1T+4.8%$23.6T (month 48)Bureau of Economic Analysis · GDPC1
#4Donald Trump (first term)$20.3T+4.5%$20.8T (month 48)Bureau of Economic Analysis · GDPC1
#5Donald Trump (second term) · in office$24.6T+4.1%$24.6T (month 21)Bureau of Economic Analysis · GDPC1
#6Barack Obama$16.9T+3.5%$17.5T (month 48)Bureau of Economic Analysis · GDPC1
#7George H. W. Bush$10.1T+3.3%$10.6T (month 48)Bureau of Economic Analysis · GDPC1
#8George W. Bush$14.5T+2.4%$15.7T (month 48)Bureau of Economic Analysis · GDPC1
#9Richard Nixon$5.4T+1.5%$5.9T (month 48)Bureau of Economic Analysis · GDPC1
#10Ronald Reagan$7.3T−2.1%$8.3T (month 48)Bureau of Economic Analysis · GDPC1

Methodology and source verification

Inflation-adjusted GDP in trillions of chained 2017 dollars (quarterly). Because the economy grows over decades, administrations are ranked on the % change since their own month 0, not on the level.

Every administration is aligned to its own inauguration: month 1 is the month it took office, and the comparison runs to month 48 (the first term). Each administration is compared at the same month in office, so a president halfway through a term is never measured against another's full four years.

Primary source: Bureau of Economic Analysis (BEA). Retrieved from the Federal Reserve Bank of St. Louis (FRED), series GDPC1, refreshed hourly. Latest observation 2026-07-01, first published 2026-10-29. Full methods: methodology.

More on Donald Trump (second term)

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