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United States GDP Growth Rate
Last Release
Dec 2019
Actual
2.1 %
Forecast
-5 %
Previous
2.1 %
Frequency
Quarterly
Units In
%
Next Release
Jun 25, 2020
Time to Release
2 Months 20 Days 7 Hours
Highest | Lowest | Average | Date Range | Source |
16.7 % Mar 1950 | -10 % Mar 1958 | 3.21 % | 1947 - 2019 | 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 grew 2.1 percent in Q4, the same as in Q3 and matching figures from the second estimate. Upward revision to personal consumption expenditures (PCE) was largely offset by downward revisions to federal government spending and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3 percent, the least since 2016 and missing Trump administration's 3 percent target for the 2nd year.
United States GDP Growth Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Mar 26, 2020 | 14:16 | US GDP Growth Steady at 2.1% |
| Feb 27, 2020 | 14:10 | US GDP Growth Unrevised at 2.1% |
| Jan 30, 2020 | 14:51 | US GDP Grows 2.1% in Q4, Matches Forecasts |
| Dec 20, 2019 | 14:05 | US GDP Growth Unrevised at 2.1% in Q3 |
| Nov 27, 2019 | 14:12 | US GDP Growth Revised Higher |
| Oct 30, 2019 | 13:10 | US GDP Growth Slows Less than Expected |
| Sep 26, 2019 | 13:03 | US Q2 GDP Growth Confirmed at 2% |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| Mar 26, 2020 | 12:30 | GDP Growth Rate QoQ Final | 2.1 % |
| Feb 27, 2020 | 13:30 | GDP Growth Rate QoQ 2nd Est | 2.1 % |
| Jan 30, 2020 | 13:30 | GDP Growth Rate QoQ Adv | 2.1 % |
| Dec 20, 2019 | 13:30 | GDP Growth Rate QoQ Final | 2.1 % |
| Oct 30, 2019 | 12:30 | GDP Growth Rate QoQ Adv | 1.9 % |
| Sep 26, 2019 | 12:30 | GDP Growth Rate QoQ Final | 2 % |
| Aug 29, 2019 | 12:30 | GDP Growth Rate QoQ 2nd Est | 2 % |
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Educational Pieces on Marco Indicators
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United States gdp Indicators
All United States indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| GDP | 21,200 Dec 2019 | 20,544.34 Dec 2018 | 543.3 Dec 1960 | 21,200 Dec 2019 | USD Billion | Yearly | 1960 - 2019 |
| GDP Annual Growth Rate | 2.3 Dec 2019 | 2.1 Sep 2019 | -3.9 Jun 2009 | 13.4 Dec 1950 | % | Quarterly | 1948 - 2019 |
| GDP Constant Prices | 19,221.97 Dec 2019 | 19,121.11 Sep 2019 | 2,184.87 Mar 1950 | 19,221.97 Dec 2019 | USD Billion | Quarterly | 1950 - 2019 |
| GDP From Agriculture | 243.1 Sep 2019 | 238.5 Jun 2019 | 168.4 Sep 2007 | 243.1 Sep 2019 | USD Billion | Quarterly | 2005 - 2019 |
| GDP From Construction | 651.4 Sep 2019 | 654.8 Jun 2019 | 531.7 Mar 2011 | 794.5 Mar 2005 | USD Billion | Quarterly | 2005 - 2019 |
| GDP From Manufacturing | 2,190.4 Sep 2019 | 2,167.3 Jun 2019 | 1,798.6 Mar 2009 | 2,190.4 Sep 2019 | USD Billion | Quarterly | 2005 - 2019 |
GDP Growth Rate across North America
GDP Growth Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Canada | 0.1 Dec 2019 | 0.3 Sep 2019 | -2.3 Mar 2009 | 3.1 Mar 1965 | % | Quarterly | 1961 - 2019 |
| Mexico | -0.1 Dec 2019 | -0.1 Sep 2019 | -5.7 Mar 1995 | 3.2 Sep 2009 | % | Quarterly | 1993 - 2019 |
| United States | 2.1 Dec 2019 | 2.1 Sep 2019 | -10 Mar 1958 | 16.7 Mar 1950 | % | Quarterly | 1947 - 2019 |
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