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United States GDP Growth Rate
Last Release
Mar 2021
Actual
6.4 %
Forecast
N/A
Previous
4.3 %
Frequency
Quarterly
Units In
%
Next Release
Sep 30, 2021
Time to Release
3 Months 5 Days 12 Hours
Highest | Lowest | Average | Date Range | Source |
33.4 % Sep 2020 | -31.4 % Jun 2020 | 3.18 % | 1947 - 2021 | 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 6.4 percent in the first quarter, following a 4.3 percent expansion in the previous three-month period and slightly beating market expectations of 6.1 percent, the advance estimate showed. Activity and demand consolidated their recovery from last year's steep contraction, helped by reopening efforts amid an acceleration in the pace of COVID-19 vaccinations and continued government response related to the pandemic. Increases in personal consumption expenditures (PCE), nonresidential fixed investment, federal government spending, residential fixed investment, and state and local government spending were partly offset by decreases in private inventory investment and exports.
United States GDP Growth Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Apr 29, 2021 | 13:00 | US Q1 GDP Growth Beats Forecasts |
| 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 |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| Apr 29, 2021 | 12:30 | GDP Growth Rate QoQ Adv | 6.4 % |
| 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 % |
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 | 0.4 Mar 2021 | -2.4 Dec 2020 | -9 Jun 2020 | 13.4 Dec 1950 | % | Quarterly | 1948 - 2021 |
| GDP Constant Prices | 19,088.06 Mar 2021 | 18,794.43 Dec 2020 | 2,184.87 Mar 1950 | 19,221.97 Dec 2019 | USD Billion | Quarterly | 1950 - 2021 |
| 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 | 1.4 Mar 2021 | 2.2 Dec 2020 | -11.3 Jun 2020 | 8.9 Sep 2020 | % | Quarterly | 1961 - 2021 |
| Mexico | 0.8 Mar 2021 | 3.2 Dec 2020 | -17 Jun 2020 | 12.4 Sep 2020 | % | Quarterly | 1993 - 2021 |
| United States | 6.4 Mar 2021 | 4.3 Dec 2020 | -31.4 Jun 2020 | 33.4 Sep 2020 | % | Quarterly | 1947 - 2021 |