U.S. real GDP declined in Donald Trump’s first year in 2025: Report
The real Gross Domestic Product (GDP) of the United States suffered a decline in the first year of President Donald Trump’s return to office in his second term, according to a recent financial report published by the White House.
In the report titled ‘The Year In Review and the Years Ahead’, despite the real GDP of the United States growing by two per cent in the four quarters of 2025, it was still less than the 2.4 per cent growth rate recorded during the last year of former President Joe Biden’s administration in 2024.
The report blamed the decrease on the impact of the federal government shutdown in the fourth quarter of 2025. The government was down for 43 days between October and November last year, prompting the furlough of over 900,000 federal workers.
“The United States’ real gross domestic product (GDP) grew 2.0 percent during the four quarters of 2025, down from 2.4 percent growth during the four quarters of 2024, largely reflecting the negative impact of the Federal government shutdown in the fourth quarter of 2025.”
“Strong growth in business fixed investment supported real GDP growth in each quarter of 2025, while the growth of consumer spending was solid, and export growth was positive,” the report stated.
On a positive note for the year under review, the report found that core Consumer Price Index (CPI) inflation fell from 3.2 per cent in 2024 to 2.6 per cent last year, adding that the financial markets were generally stable in 2025 except for a volatility period in April.
“Core Consumer Price Index (CPI) inflation was 2.6 percent during the 12 months of the year, down 0.6 percentage point from its year-earlier pace. Financial markets were generally orderly, except for some short-lived volatility in April,” the report showed.
Additionally, the Standard & Poor’s (S&P) 500 stock market index increased to 16.4 per cent in 2025. However, the private-sector job growth averaged 25,000 per month during 2025, down from a pace of 85,000 per month during 2024 due to the Trump administration immigration policy.
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