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United States GDP Growth Rate

Last Release
Dec 2019
Actual
2.1 %
Forecast
2.1 %
Previous
2.1 %
Frequency
Quarterly
Units In
%
Next Release
Mar 26, 2020
Time to Release
1 Months 2 Days 10 Hours
Highest
Lowest
Average
Date Range
Source
16.7 %
Mar 1950
-10 %
Mar 1958
3.21 %1947 - 2019U.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% in Q4, the same as in Q3 and matching forecasts, advance estimates showed. Consumer spending slowed sharply while net trade made the biggest contribution to growth since Q2 2009 amid a fall in imports. In contrast, negative contributions came from private inventory investment and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3%, the least since 2016 and missing Trump administration's 3% target for the 2nd year.

United States GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jan 30, 202014:51US GDP Grows 2.1% in Q4, Matches Forecasts
Dec 20, 201914:05US GDP Growth Unrevised at 2.1% in Q3
Nov 27, 201914:12US GDP Growth Revised Higher
Oct 30, 201913:10US GDP Growth Slows Less than Expected
Sep 26, 201913:03US Q2 GDP Growth Confirmed at 2%
Aug 29, 201912:52US Q2 GDP Growth Revised Lower
Jul 26, 201913:18US GDP Growth Slows Less than Forecast in Q2
DATETIMEEVENT
Jan 30, 202013:30GDP Growth Rate QoQ Adv
Dec 20, 201913:30GDP Growth Rate QoQ Final
Oct 30, 201912:30GDP Growth Rate QoQ Adv
Sep 26, 201912:30GDP Growth Rate QoQ Final
Aug 29, 201912:30GDP Growth Rate QoQ 2nd Est
Jul 26, 201912:30GDP Growth Rate QoQ Adv
Jun 27, 201912:30GDP Growth Rate QoQ Final

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Educational Pieces on Marco Indicators

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United States gdp Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
20,544.34
Dec 2018
19,485.39
Dec 2017
543.3
Dec 1960
20,544.34
Dec 2018
USD BillionYearly1960 - 2018
GDP Annual Growth Rate
2.3
Dec 2019
2.1
Sep 2019
-3.9
Jun 2009
13.4
Dec 1950
%Quarterly1948 - 2019
GDP Constant Prices
19,219.77
Dec 2019
19,121.11
Sep 2019
2,184.87
Mar 1950
19,219.77
Dec 2019
USD BillionQuarterly1950 - 2019
GDP From Agriculture
243.1
Sep 2019
238.5
Jun 2019
168.4
Sep 2007
243.1
Sep 2019
USD BillionQuarterly2005 - 2019
GDP From Construction
651.4
Sep 2019
654.8
Jun 2019
531.7
Mar 2011
794.5
Mar 2005
USD BillionQuarterly2005 - 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 BillionQuarterly2005 - 2019

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
0.3
Sep 2019
0.9
Jun 2019
-2.3
Mar 2009
3.1
Mar 1965
%Quarterly1961 - 2019
Mexico
0
Dec 2019
0
Sep 2019
-5.7
Mar 1995
3.2
Sep 2009
%Quarterly1993 - 2019
United States
2.1
Dec 2019
2.1
Sep 2019
-10
Mar 1958
16.7
Mar 1950
%Quarterly1947 - 2019
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