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United States GDP Growth Rate

Last Release
Jun 30, 2022
Actual
-0.6
Units In
%
Previous
-1.6
Frequency
Quarterly
Next Release
Dec 22, 2022
Time to Release
2 Months 19 Days 17 Hours
Highest
Lowest
Average
Date Range
Source
33.8
Sep 2020
-31.2
Jun 2020
3.17 %1947-2022U.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 contracted an annualized 0.6% on quarter in Q2 2022, matching the second estimate, and confirming the economy technically entered a recession, following a 1.6% drop in Q1. Private inventories and fixed investment were the main draggers in Q2. At the same time, an upward revision to consumer spending was offset by a downward revision to exports. Meanwhile, GDP growth rate for 2021 was revised higher to 5.9% compared to an initial 5.7%. Also, the economy contracted 2.8% in 2020, less than an initial 3.4% drop. For 2022 however, the Fed recently forecasted a meagre 0.2% expansion, as the strong interest rate hikes are expected to trigger a big downturn in economic activity.

United States GDP Growth Rate History

Last 12 readings

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United States GDP Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
22,996.1
Dec 2021
20,893.74
Dec 2020
543.3
Dec 1960
22,996.1
Dec 2021
USD BillionYearly1960-2021
GDP Annual Growth Rate
1.7
Jun 2022
3.5
Mar 2022
-9.1
Jun 2020
13.4
Dec 1950
%Quarterly1948-2022
GDP Constant Prices
19,699.5
Jun 2022
19,727.9
Mar 2022
2,186.37
Mar 1950
19,806.3
Dec 2021
USD BillionQuarterly1950-2022
GDP From Agriculture
238
Mar 2022
238.8
Dec 2021
168.4
Sep 2007
266.2
Dec 2020
USD BillionQuarterly2005-2022
GDP From Construction
650.2
Mar 2022
649.1
Dec 2021
531.7
Mar 2011
794.5
Mar 2005
USD BillionQuarterly2005-2022
GDP From Manufacturing
2,333.3
Mar 2022
2,380.9
Dec 2021
1,798.6
Mar 2009
2,380.9
Dec 2021
USD BillionQuarterly2005-2022
GDP From Mining
392
Mar 2022
419.8
Dec 2021
241.8
Dec 2005
513.3
Sep 2019
USD BillionQuarterly2005-2022
GDP From Public Administration
2,257.3
Mar 2022
2,246.4
Dec 2021
2,089.5
Mar 2005
2,257.3
Mar 2022
USD BillionQuarterly2005-2022
GDP From Services
13,758.4
Mar 2022
13,785.5
Dec 2021
9,734.7
Mar 2005
13,785.5
Dec 2021
USD BillionQuarterly2005-2022
GDP From Transport
504.1
Mar 2022
515.8
Dec 2021
429.6
Mar 2005
584.5
Dec 2019
USD BillionQuarterly2005-2022
GDP From Utilities
281.9
Mar 2022
271.6
Dec 2021
217.2
Jun 2005
302.4
Mar 2020
USD BillionQuarterly2005-2022
GDP Growth Rate
-0.6
Jun 2022
-1.6
Mar 2022
-31.2
Jun 2020
33.8
Sep 2020
%Quarterly1947-2022
GDP Sales QoQ
1.3
Jun 2022
-0.4
Mar 2022
-27.6
Jun 2020
25.9
Sep 2020
N/A1950-2022
GDP per capita
61,280.39
Dec 2021
58,060.31
Dec 2020
19,135.27
Dec 1960
61,280.39
Dec 2021
USDYearly1960-2021
GDP per capita PPP
63,069.23
Dec 2021
59,755.15
Dec 2020
39,831.59
Dec 1991
63,069.23
Dec 2021
USDYearly1990-2021
Gross Fixed Capital Formation
3,631.81
Jun 2022
3,673.89
Mar 2022
1,215.6
Jun 1995
3,673.89
Mar 2022
USD BillionQuarterly1995-2022
Gross National Product
19,927.51
Jun 2022
19,944.2
Mar 2022
2,199.23
Mar 1950
20,038.63
Dec 2021
USD BillionQuarterly1950-2022
Real Consumer Spending
1.5
Jun 2022
1.8
Mar 2022
-33.4
Jun 2020
41.4
Sep 2020
%Quarterly1950-2022

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
0.8
Jun 2022
0.8
Mar 2022
-11.3
Jun 2020
9.1
Sep 2020
% Quarterly1961-2022
Mexico
0.9
Jun 2022
1
Mar 2022
-17.8
Jun 2020
13.8
Sep 2020
% Quarterly1993-2022
United States
-0.6
Jun 2022
-1.6
Mar 2022
-31.2
Jun 2020
33.8
Sep 2020
% Quarterly1947-2022

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