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Chart of the Day: Components of GDP Growth

A line chart with stacked bars showing quarterly U.S. real GDP growth from 1Q22 to 2Q25, with each bar breaking out contributions from consumption, investment, government spending, residential activity, net exports, and inventories to illustrate how each component drives fluctuations in overall GDP growth.

Contents

Today’s Chart of the Day comes from JP Morgan Asset Management and highlights the key components of GDP growth.

Real GDP (Gross Domestic Product) growth has remained consistently positive in recent quarters, supported by broad-based contributions from key sectors such as consumer spending and business investment. After a brief dip in late 2024, growth rebounded in early 2025, highlighted by a notable surge in inventory rebuilding and steady consumer activity. 

This signals a resilient and expanding economy, with multiple components contributing rather than relying on a single driver. Balanced growth typically reflects healthy underlying demand, improving business confidence, and a supportive backdrop for continued economic momentum.