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United States GDP Growth Rate

Last Release
Sep 2021
Actual
2.3 %
Forecast
N/A
Previous
6.7 %
Frequency
Quarterly
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
33.4 %
Sep 2020
-31.4 %
Jun 2020
3.19 %1947 - 2021U.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 2.3% on quarter in Q3 2021, slightly higher than 2.1% in the second estimate and following a 6.7% expansion in the previous three-month period. The update primarily reflects upward revisions to personal consumption expenditures (2% vs 1.7% in the second estimate) and private inventory investment (12.4% vs 11.6%) that were partly offset by a downward revision to exports (-5.3% vs -3%). Meanwhile, imports were revised down (4.7% vs 5.8%). A resurgence of COVID-19 cases resulted in new restrictions and delays in the reopening of establishments in some parts of the country. In Q3, government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased. Looking ahead, analysts expect the US economy to expand at a faster pace in the current October-December quarter, putting it on track to record its best performance this year since 1984.

United States GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 22, 202113:35US GDP Growth Revised Higher to 2.3%
Nov 24, 202113:33US GDP Growth Revised Slightly Higher to 2.1%
Oct 28, 202112:35US GDP Growth Disappoints at 2%
Oct 28, 202107:06US GDP Growth Likely Slowed to 2.7%
Sep 30, 202112:32US GDP Growth Revised Slightly Higher to 6.7%
Aug 26, 202112:34US GDP Growth Revised Slightly Higher to 6.6%
Jul 29, 202112:35US GDP Growth Rate Disappoints in Q2
DATETIMEEVENTActual
Oct 28, 202112:30GDP Growth Rate QoQ Adv2 %
Jul 29, 202112:30GDP Growth Rate QoQ Adv6.5 %
Apr 29, 202112:30GDP Growth Rate QoQ Adv6.4 %
Jan 28, 202113:30GDP Growth Rate QoQ Adv4 %
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 %

United States gdp Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
20,936.6
Dec 2020
21,433.22
Dec 2019
543.3
Dec 1960
21,433.22
Dec 2019
USD BillionYearly1960 - 2020
GDP Annual Growth Rate
4.9
Sep 2021
12.2
Jun 2021
-9
Jun 2020
13.4
Dec 1950
%Quarterly1948 - 2021
Gdp Constant Prices
19,478.89
Sep 2021
19,368.31
Jun 2021
2,184.87
Mar 1950
19,478.89
Sep 2021
USD BillionQuarterly1950 - 2021
GDP From Agriculture
237.4
Sep 2021
243
Jun 2021
168.4
Sep 2007
266.2
Dec 2020
USD BillionQuarterly2005 - 2021
GDP From Construction
665.3
Sep 2021
690.7
Jun 2021
531.7
Mar 2011
794.5
Mar 2005
USD BillionQuarterly2005 - 2021
GDP From Manufacturing
2,320.2
Sep 2021
2,329.2
Jun 2021
1,798.6
Mar 2009
2,329.2
Jun 2021
USD BillionQuarterly2005 - 2021

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
1.3
Sep 2021
-0.8
Jun 2021
-11.3
Jun 2020
8.9
Sep 2020
%Quarterly1961 - 2021
Mexico
-0.4
Sep 2021
1.2
Jun 2021
-17
Jun 2020
12.4
Sep 2020
%Quarterly1993 - 2021
United States
2.3
Sep 2021
6.7
Jun 2021
-31.4
Jun 2020
33.4
Sep 2020
%Quarterly1947 - 2021

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