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United States GDP Growth Rate

Last Release
Sep 2020
Actual
33.4 %
Forecast
N/A
Previous
-31.4 %
Frequency
Quarterly
Units In
%
Next Release
Mar 25, 2021
Time to Release
1 Months 26 Days 4 Hours
Highest
Lowest
Average
Date Range
Source
33.4 %
Sep 2020
-31.4 %
Jun 2020
3.16 %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 by an annualized 33.4% in Q3 2020, slightly higher than 33.1% in the second estimate. It is the biggest expansion ever, following a record 31.4% plunge in Q2, as the economy rebounds from the coronavirus pandemic. The upward revision primarily reflected larger increases in personal consumption expenditures and nonresidential fixed investment. However, GDP is still 3.5% below its pre-pandemic level and although coronavirus vaccination already started, the pandemic is far from controlled. The country is recording an average of around 200K new cases every day and states are tightening restrictions. Also, Congress only approved a new $892 billion aid package late in December. It includes $600 payments to most Americans, a $300-per-week unemployment benefit and $284 billion for the Paycheck Protection Program but excludes aid for states and local governments.

United States GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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
Aug 27, 202012:53US GDP Contraction Revised Lower
Jul 30, 202013:40US Economy Shrinks at Record 32.9%
Jun 25, 202013:06US Economy Shrinks 5% in Q1
DATETIMEEVENTActual
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 %
Apr 29, 202012:30GDP Growth Rate QoQ Adv-4.8 %

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

United States gdp Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
21,427.7
Dec 2019
20,580.22
Dec 2018
543.3
Dec 1960
21,427.7
Dec 2019
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
-2.8
Sep 2020
-9
Jun 2020
-9
Jun 2020
13.4
Dec 1950
%Quarterly1948 - 2020
GDP Constant Prices
18,596.5
Sep 2020
17,302.5
Jun 2020
2,184.87
Mar 1950
19,221.97
Dec 2019
USD BillionQuarterly1950 - 2020
GDP From Agriculture
262.5
Sep 2020
235.9
Jun 2020
168.4
Sep 2007
262.5
Sep 2020
USD BillionQuarterly2005 - 2020
GDP From Construction
654.3
Sep 2020
615.8
Jun 2020
531.7
Mar 2011
794.5
Mar 2005
USD BillionQuarterly2005 - 2020
GDP From Manufacturing
2,213.2
Sep 2020
1,962.9
Jun 2020
1,798.6
Mar 2009
2,213.2
Sep 2020
USD BillionQuarterly2005 - 2020

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
8.9
Sep 2020
-11.3
Jun 2020
-11.3
Jun 2020
8.9
Sep 2020
%Quarterly1961 - 2020
Mexico
12.1
Sep 2020
-17
Jun 2020
-17
Jun 2020
12.1
Sep 2020
%Quarterly1993 - 2020
United States
33.4
Sep 2020
-31.4
Jun 2020
-31.4
Jun 2020
33.4
Sep 2020
%Quarterly1947 - 2020

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