United States GDP Growth Rate
Last Release
Sep 2019
Actual
1.9 %
Forecast
1.9 %
Previous
2 %
Frequency
Quarterly
Units In
%
Next Release
Dec 20, 2019
Time to Release
1 Months 0 Days 17 Hours
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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 by an annualized 1.9 percent in the third quarter of 2019, beating market expectations of 1.6 percent and following a 2.0 percent expansion in the previous three-month period, the advance estimate showed.
United States GDP Growth Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Oct 30, 2019 | 13:10 | US GDP Growth Slows Less than Expected |
| Sep 26, 2019 | 13:03 | US Q2 GDP Growth Confirmed at 2% |
| Aug 29, 2019 | 12:52 | US Q2 GDP Growth Revised Lower |
| Jul 26, 2019 | 13:18 | US GDP Growth Slows Less than Forecast in Q2 |
| Jun 27, 2019 | 12:54 | US Q1 GDP Growth Confirmed at 3.1% |
| May 30, 2019 | 13:17 | US Q1 GDP Growth Revised Down to 3.1% |
| Apr 26, 2019 | 13:01 | US Q1 GDP Growth Beats Forecasts |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT |
|---|---|---|
| Oct 30, 2019 | 12:30 | GDP Growth Rate QoQ Adv |
| Sep 26, 2019 | 12:30 | GDP Growth Rate QoQ Final |
| Aug 29, 2019 | 12:30 | GDP Growth Rate QoQ 2nd Est |
| Jul 26, 2019 | 12:30 | GDP Growth Rate QoQ Adv |
| Jun 27, 2019 | 12:30 | GDP Growth Rate QoQ Final |
| May 30, 2019 | 12:30 | GDP Growth Rate QoQ 2nd Est |
| Apr 26, 2019 | 12:30 | GDP Growth Rate QoQ Adv |
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United States gdp Indicators
All United States indicatorsScroll for more details
Indicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| GDP | 20,494.1 Dec 2018 | 19,485.39 Dec 2017 | 543.3 Dec 1960 | 20,494.1 Dec 2018 | USD Billion | Yearly | 1960 - 2018 |
| GDP Annual Growth Rate | 2 Sep 2019 | 2.3 Jun 2019 | -3.9 Jun 2009 | 13.4 Dec 1950 | % | Quarterly | 1948 - 2019 |
| GDP Constant Prices | 19,112.54 Sep 2019 | 19,021.86 Jun 2019 | 2,184.87 Mar 1950 | 19,112.54 Sep 2019 | USD Billion | Quarterly | 1950 - 2019 |
| GDP From Agriculture | 238.5 Jun 2019 | 212.4 Mar 2019 | 168.4 Sep 2007 | 238.5 Jun 2019 | USD Billion | Quarterly | 2005 - 2019 |
| GDP From Construction | 654.8 Jun 2019 | 642.8 Mar 2019 | 531.7 Mar 2011 | 794.5 Mar 2005 | USD Billion | Quarterly | 2005 - 2019 |
| GDP From Manufacturing | 2,167.3 Jun 2019 | 2,178.2 Mar 2019 | 1,798.6 Mar 2009 | 2,178.2 Mar 2019 | USD Billion | Quarterly | 2005 - 2019 |
GDP Growth Rate across North America
GDP Growth Rate global viewScroll for more details
Country | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Canada | 0.9 Jun 2019 | 0.1 Mar 2019 | -2.3 Mar 2009 | 3.1 Mar 1965 | % | Quarterly | 1961 - 2019 |
| Mexico | 0.1 Sep 2019 | 0 Jun 2019 | -5.7 Mar 1995 | 3.2 Sep 2009 | % | Quarterly | 1993 - 2019 |
| United States | 1.9 Sep 2019 | 2 Jun 2019 | -10 Mar 1958 | 16.7 Mar 1950 | % | Quarterly | 1947 - 2019 |