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United States GDP Growth Rate
Last Release
Dec 2020
Actual
4.3 %
Forecast
N/A
Previous
33.4 %
Frequency
Quarterly
Units In
%
Next Release
Jun 24, 2021
Time to Release
2 Months 10 Days 0 Hours
Highest | Lowest | Average | Date Range | Source |
33.4 % Sep 2020 | -31.4 % Jun 2020 | 3.17 % | 1947 - 2020 | U.S. Bureau of Economic Analysis |
On the expenditure side, personal consumption expenditures accounts for 68 percent of total GDP out of which purchases of goods constitute 23 percent and services 45 percent. Private investment accounts for 16 percent of GDP and government consumption and investment for 18 percent. As the value of goods exported (13.5 percent) is lower than the value of goods imported (16.5 percent), net exports subtracts 3 percent from the total GDP value.
Latest Updates
The US economy expanded an annualized 4.3% on quarter in Q4 2020, higher than 4.1% in the second estimate, mainly due to an upward revision to private inventory investment that was partly offset by a downward revision to nonresidential fixed investment. Still, the economy slowed from a record 33.4% expansion in Q3 as the continued rise in COVID-19 cases and restrictions on activity moderated consumer spending. The outlook for 2021 seems brighter than few months ago as the vaccination campaign continues, the $1.9 trillion aid bill was approved and Americans already started receiving stimulus checks.
United States GDP Growth Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Mar 25, 2021 | 13:20 | US GDP Growth Revised Higher to 4.3% |
| Feb 25, 2021 | 14:14 | US GDP Growth Revised Slightly Higher to 4.1% |
| Jan 28, 2021 | 14:35 | US GDP Growth Slows to 4% in Q4 |
| Dec 22, 2020 | 14:10 | US GDP Growth Revised Slightly Higher to 33.4% |
| Nov 25, 2020 | 14:14 | US GDP Growth Confirmed at Record 33.1% |
| Oct 29, 2020 | 13:24 | US GDP Grows at Record 33.1% in Q3 |
| Sep 30, 2020 | 14:44 | US GDP Contraction Revised Lower for 2nd Time |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| Jan 28, 2021 | 13:30 | GDP Growth Rate QoQ Adv | 4 % |
| Oct 29, 2020 | 12:30 | GDP Growth Rate QoQ Adv | 33.1 % |
| Sep 30, 2020 | 12:30 | GDP Growth Rate QoQ Final | -31.4 % |
| Aug 27, 2020 | 12:30 | GDP Growth Rate QoQ 2nd Est | -31.7 % |
| Jul 30, 2020 | 12:30 | GDP Growth Rate QoQ Adv | -32.9 % |
| Jun 25, 2020 | 12:30 | GDP Growth Rate QoQ Final | -5 % |
| May 28, 2020 | 12:30 | GDP Growth Rate QoQ 2nd Est | -5 % |
United States gdp Indicators
All United States indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| GDP | 21,433.2 Dec 2019 | 20,580.22 Dec 2018 | 543.3 Dec 1960 | 21,433.2 Dec 2019 | USD Billion | Yearly | 1960 - 2019 |
| GDP Annual Growth Rate | -2.4 Dec 2020 | -2.8 Sep 2020 | -9 Jun 2020 | 13.4 Dec 1950 | % | Quarterly | 1948 - 2020 |
| GDP Constant Prices | 18,794.4 Dec 2020 | 18,596.5 Sep 2020 | 2,184.87 Mar 1950 | 19,221.97 Dec 2019 | USD Billion | Quarterly | 1950 - 2020 |
| GDP From Agriculture | 266.2 Dec 2020 | 262.5 Sep 2020 | 168.4 Sep 2007 | 266.2 Dec 2020 | USD Billion | Quarterly | 2005 - 2020 |
| GDP From Construction | 673 Dec 2020 | 654.3 Sep 2020 | 531.7 Mar 2011 | 794.5 Mar 2005 | USD Billion | Quarterly | 2005 - 2020 |
| GDP From Manufacturing | 2,234.4 Dec 2020 | 2,213.2 Sep 2020 | 1,798.6 Mar 2009 | 2,234.4 Dec 2020 | USD Billion | Quarterly | 2005 - 2020 |
GDP Growth Rate across North America
GDP Growth Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Canada | 2.3 Dec 2020 | 8.9 Sep 2020 | -11.3 Jun 2020 | 8.9 Sep 2020 | % | Quarterly | 1961 - 2020 |
| Mexico | 3.3 Dec 2020 | 12.4 Sep 2020 | -17 Jun 2020 | 12.4 Sep 2020 | % | Quarterly | 1993 - 2020 |
| United States | 4.3 Dec 2020 | 33.4 Sep 2020 | -31.4 Jun 2020 | 33.4 Sep 2020 | % | Quarterly | 1947 - 2020 |