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United States GDP Growth Rate

Last Release
Jun 2020
Actual
-31.7 %
Forecast
-31.7 %
Previous
-5 %
Frequency
Quarterly
Units In
%
Next Release
Sep 30, 2020
Time to Release
3 Days 17 Hours
Highest
Lowest
Average
Date Range
Source
16.7 %
Mar 1950
-31.7 %
Jun 2020
3.06 %1947 - 2020U.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 31.7 percent in the second quarter of 2020, lower than a 32.9 percent plunge in the advance estimate and compared to market forecasts of a 32.5 percent fall. Still, it is the biggest contraction ever, pushing the economy into a recession as the coronavirus pandemic forced many businesses including restaurants, cafes, stores and factories to close and people to stay at home, hurting consumer and business spending. Private inventory investment and personal consumption expenditures (PCE) decreased less than previously estimated.

United States GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Aug 27, 202012:53US GDP Contraction Revised Lower
Jul 30, 202013:40US Economy Shrinks at Record 32.9%
Jun 25, 202013:06US Economy Shrinks 5% in Q1
May 28, 202013:31US GDP Contracts More than Expected
Apr 29, 202015:42US GDP Contracts Most Since Great Recession
Mar 26, 202014:16US GDP Growth Steady at 2.1%
Feb 27, 202014:10US GDP Growth Unrevised at 2.1%
DATETIMEEVENTActual
Aug 27, 202012:30GDP Growth Rate QoQ 2nd Est-31.7 %
Jul 30, 202012:30GDP Growth Rate QoQ Adv-32.9 %
Jun 25, 202012:30GDP Growth Rate QoQ Final-5 %
May 28, 202012:30GDP Growth Rate QoQ 2nd Est-5 %
Apr 29, 202012:30GDP Growth Rate QoQ Adv-4.8 %
Mar 26, 202012:30GDP Growth Rate QoQ Final2.1 %
Feb 27, 202013:30GDP Growth Rate QoQ 2nd Est2.1 %

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United States gdp Indicators

All United States indicators
Indicator
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 BillionYearly1960 - 2019
GDP Annual Growth Rate
-9.1
Jun 2020
0.3
Mar 2020
-9.1
Jun 2020
13.4
Dec 1950
%Quarterly1948 - 2020
GDP Constant Prices
17,282.2
Jun 2020
19,010.85
Mar 2020
2,184.87
Mar 1950
19,221.97
Dec 2019
USD BillionQuarterly1950 - 2020
GDP From Agriculture
253.9
Mar 2020
244.9
Dec 2019
168.4
Sep 2007
253.9
Mar 2020
USD BillionQuarterly2005 - 2020
GDP From Construction
655.1
Mar 2020
653.8
Dec 2019
531.7
Mar 2011
794.5
Mar 2005
USD BillionQuarterly2005 - 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 BillionQuarterly2005 - 2020

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
-11.5
Jun 2020
-2.1
Mar 2020
-11.5
Jun 2020
3.1
Mar 1965
%Quarterly1961 - 2020
Mexico
-17.1
Jun 2020
-1.2
Mar 2020
-17.1
Jun 2020
3.2
Sep 2009
%Quarterly1993 - 2020
United States
-31.7
Jun 2020
-5
Mar 2020
-31.7
Jun 2020
16.7
Mar 1950
%Quarterly1947 - 2020

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