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United States GDP Growth Rate

Last Release
Jun 2021
Actual
6.6 %
Forecast
6.6 %
Previous
6.3 %
Frequency
Quarterly
Units In
%
Next Release
Sep 30, 2021
Time to Release
12 Days 16 Hours
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 advanced an annualized 6.6% on quarter in Q2 2021, slightly higher than 6.5% in the advance estimate but still below forecasts of 6.7%. Upward revisions to nonresidential fixed investment (9.3% vs 8% in the advance estimate) and exports (6.6% vs 6%) were partly offset by downward revisions to private inventory investment, residential fixed investment (-11.5% vs -9.8%), and state and local government spending (0.3% vs 0.8%). Imports were also revised down (6.7% vs 7.8%). The rapid spread of the coronavirus delta variant, supply-chain disruptions, shortage of workers and a cooling housing market are seen weighing on the growth for the rest of the year.

United States GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Aug 26, 202112:34US GDP Growth Revised Slightly Higher to 6.6%
Jul 29, 202112:35US GDP Growth Rate Disappoints in Q2
Jul 29, 202107:31US Economy Likely Grew at a Faster 8.5% in Q2
Apr 29, 202113:00US Q1 GDP Growth Beats Forecasts
Mar 25, 202113:20US GDP Growth Revised Higher to 4.3%
Feb 25, 202114:14US GDP Growth Revised Slightly Higher to 4.1%
Jan 28, 202114:35US GDP Growth Slows to 4% in Q4
DATETIMEEVENTActual
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 %
Jul 30, 202012:30GDP Growth Rate QoQ Adv-32.9 %

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
12.2
Jun 2021
0.5
Mar 2021
-9
Jun 2020
13.4
Dec 1950
%Quarterly1948 - 2021
GDP Constant Prices
19,360.6
Jun 2021
19,055.66
Mar 2021
2,184.87
Mar 1950
19,360.6
Jun 2021
USD BillionQuarterly1950 - 2021
GDP From Agriculture
257.5
Mar 2021
266.2
Dec 2020
168.4
Sep 2007
266.2
Dec 2020
USD BillionQuarterly2005 - 2021
GDP From Construction
684.4
Mar 2021
673
Dec 2020
531.7
Mar 2011
794.5
Mar 2005
USD BillionQuarterly2005 - 2021
GDP From Manufacturing
2,269.9
Mar 2021
2,234.4
Dec 2020
1,798.6
Mar 2009
2,269.9
Mar 2021
USD BillionQuarterly2005 - 2021

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
-0.3
Jun 2021
1.4
Mar 2021
-11.3
Jun 2020
8.9
Sep 2020
%Quarterly1961 - 2021
Mexico
1.5
Jun 2021
0.8
Mar 2021
-17
Jun 2020
12.4
Sep 2020
%Quarterly1993 - 2021
United States
6.6
Jun 2021
6.3
Mar 2021
-31.4
Jun 2020
33.4
Sep 2020
%Quarterly1947 - 2021

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