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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 - 2020U.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

DATETIMETITLE
Mar 25, 202113:20US GDP Growth Revised Higher to 4.3%
Feb 25, 202114:14US GDP Growth Revised Slightly Higher to 4.1%
Jan 28, 202114:35US GDP Growth Slows to 4% in Q4
Dec 22, 202014:10US GDP Growth Revised Slightly Higher to 33.4%
Nov 25, 202014:14US GDP Growth Confirmed at Record 33.1%
Oct 29, 202013:24US GDP Grows at Record 33.1% in Q3
Sep 30, 202014:44US GDP Contraction Revised Lower for 2nd Time
DATETIMEEVENTActual
Jan 28, 202113:30GDP Growth Rate QoQ Adv4 %
Oct 29, 202012:30GDP Growth Rate QoQ Adv33.1 %
Sep 30, 202012:30GDP Growth Rate QoQ Final-31.4 %
Aug 27, 202012:30GDP Growth Rate QoQ 2nd Est-31.7 %
Jul 30, 202012:30GDP Growth Rate QoQ Adv-32.9 %
Jun 25, 202012:30GDP Growth Rate QoQ Final-5 %
May 28, 202012:30GDP Growth Rate QoQ 2nd Est-5 %

United States gdp Indicators

All United States indicators
Indicator
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 BillionYearly1960 - 2019
GDP Annual Growth Rate
-2.4
Dec 2020
-2.8
Sep 2020
-9
Jun 2020
13.4
Dec 1950
%Quarterly1948 - 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 BillionQuarterly1950 - 2020
GDP From Agriculture
266.2
Dec 2020
262.5
Sep 2020
168.4
Sep 2007
266.2
Dec 2020
USD BillionQuarterly2005 - 2020
GDP From Construction
673
Dec 2020
654.3
Sep 2020
531.7
Mar 2011
794.5
Mar 2005
USD BillionQuarterly2005 - 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 BillionQuarterly2005 - 2020

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
2.3
Dec 2020
8.9
Sep 2020
-11.3
Jun 2020
8.9
Sep 2020
%Quarterly1961 - 2020
Mexico
3.3
Dec 2020
12.4
Sep 2020
-17
Jun 2020
12.4
Sep 2020
%Quarterly1993 - 2020
United States
4.3
Dec 2020
33.4
Sep 2020
-31.4
Jun 2020
33.4
Sep 2020
%Quarterly1947 - 2020

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