The US GDP expanded by 2.1% in 2022, slowing from a 5.9% expansion in 2021 as the economy returned to a more normal pace of growth after pandemic-related disruptions in the previous two years. In 2022, the positive contributions came from consumer spending, exports, private inventory investment, and nonresidential fixed investment that were partly offset by decreases in residential fixed investment and federal government spending. Imports increased. source: U.S. Bureau of Economic Analysis
Full Year GDP Growth in the United States averaged 3.16 percent from 1950 until 2022, reaching an all time high of 8.70 percent in 1950 and a record low of -2.80 percent in 2020. This page includes a chart with historical data for the United States Full Year GDP Growth. United States Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Full Year GDP Growth in the United States is expected to reach 1.30 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Full Year GDP Growth is projected to trend around 1.10 percent in 2024 and 1.90 percent in 2025, according to our econometric models.