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- EUR/USD:1.1348+0.0051+0.45%
- Natural Gas:1.7310-0.0440-2.48%
- Gold:1,802.16+2.1700+0.12%
- GBP/JPY:134.76-0.2065-0.15%
- Bitcoin:9,288.22+26.730+0.29%
- Crude Oil:39.665-0.4250-1.06%
- S&P 500:3,156.75-29.750-0.93%
- AUD/USD:0.6944-0.0004-0.05%
- Ethereum:243.85+3.7700+1.57%
- Silver:19.119+0.3365+1.79%
- USD/CAD:1.3603+0.0007+0.05%
- Ripple:0.2009-0.0005-0.25%
- EUR/USD:1.1348+0.0051+0.45%
- Natural Gas:1.7310-0.0440-2.48%
- Gold:1,802.16+2.1700+0.12%
- GBP/JPY:134.76-0.2065-0.15%
- Bitcoin:9,288.22+26.730+0.29%
- Crude Oil:39.665-0.4250-1.06%
- S&P 500:3,156.75-29.750-0.93%
- AUD/USD:0.6944-0.0004-0.05%
- Ethereum:243.85+3.7700+1.57%
- Silver:19.119+0.3365+1.79%
- USD/CAD:1.3603+0.0007+0.05%
- Ripple:0.2009-0.0005-0.25%
United States GDP Growth Rate
Last Release
Mar 2020
Actual
-5 %
Forecast
-27 %
Previous
2.1 %
Frequency
Quarterly
Units In
%
Next Release
Sep 30, 2020
Time to Release
2 Months 17 Days 14 Hours
Highest | Lowest | Average | Date Range | Source |
16.7 % Mar 1950 | -10 % Mar 1958 | 3.18 % | 1947 - 2020 | 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 shrank by an annualized 5 percent in the first quarter of 2020, in line with the previous estimate and ending the longest period of expansion in the country's history. It is the biggest drop in GDP since the last quarter of 2008 as the Covid-19 pandemic forced several states to impose lockdown measures in mid-March, throwing millions of people out of work. With the third estimate, an upward revision to nonresidential fixed investment was offset by downward revisions to private inventory investment, personal consumption expenditures (PCE), and exports.
United States GDP Growth Rate History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Jun 25, 2020 | 13:06 | US Economy Shrinks 5% in Q1 |
| May 28, 2020 | 13:31 | US GDP Contracts More than Expected |
| Apr 29, 2020 | 15:42 | US GDP Contracts Most Since Great Recession |
| Mar 26, 2020 | 14:16 | US GDP Growth Steady at 2.1% |
| Feb 27, 2020 | 14:10 | US GDP Growth Unrevised at 2.1% |
| Jan 30, 2020 | 14:51 | US GDP Grows 2.1% in Q4, Matches Forecasts |
| Dec 20, 2019 | 14:05 | US GDP Growth Unrevised at 2.1% in Q3 |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| Jun 25, 2020 | 12:30 | GDP Growth Rate QoQ Final | -5 % |
| May 28, 2020 | 12:30 | GDP Growth Rate QoQ 2nd Est | -5 % |
| Apr 29, 2020 | 12:30 | GDP Growth Rate QoQ Adv | -4.8 % |
| Mar 26, 2020 | 12:30 | GDP Growth Rate QoQ Final | 2.1 % |
| Feb 27, 2020 | 13:30 | GDP Growth Rate QoQ 2nd Est | 2.1 % |
| Jan 30, 2020 | 13:30 | GDP Growth Rate QoQ Adv | 2.1 % |
| Dec 20, 2019 | 13:30 | GDP Growth Rate QoQ Final | 2.1 % |
A Look at the Markets
Educational Pieces on Marco Indicators
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United States gdp Indicators
All United States indicatorsIndicator | 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 Billion | Yearly | 1960 - 2019 |
| GDP Annual Growth Rate | 0.3 Mar 2020 | 2.3 Dec 2019 | -3.9 Jun 2009 | 13.4 Dec 1950 | % | Quarterly | 1948 - 2020 |
| GDP Constant Prices | 18,977.4 Mar 2020 | 19,221.97 Dec 2019 | 2,184.87 Mar 1950 | 19,221.97 Dec 2019 | USD Billion | Quarterly | 1950 - 2020 |
| GDP From Agriculture | 253.9 Mar 2020 | 244.9 Dec 2019 | 168.4 Sep 2007 | 253.9 Mar 2020 | USD Billion | Quarterly | 2005 - 2020 |
| GDP From Construction | 655.1 Mar 2020 | 653.8 Dec 2019 | 531.7 Mar 2011 | 794.5 Mar 2005 | USD Billion | Quarterly | 2005 - 2020 |
| GDP From Manufacturing | 2,158.1 Mar 2020 | 2,185.1 Dec 2019 | 1,798.6 Mar 2009 | 2,190.4 Sep 2019 | USD Billion | Quarterly | 2005 - 2020 |
GDP Growth Rate across North America
GDP Growth Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Canada | -2.1 Mar 2020 | 0.1 Dec 2019 | -2.3 Mar 2009 | 3.1 Mar 1965 | % | Quarterly | 1961 - 2020 |
| Mexico | -1.2 Mar 2020 | -0.6 Dec 2019 | -5.7 Mar 1995 | 3.2 Sep 2009 | % | Quarterly | 1993 - 2020 |
| United States | -5 Mar 2020 | 2.1 Dec 2019 | -10 Mar 1958 | 16.7 Mar 1950 | % | Quarterly | 1947 - 2020 |
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