The US economy expanded by 5.7 percent in 2021, the strongest growth rate since 1984 and compared with a record 3.4 percent contraction in 2020, reflecting increases in all major subcomponents, led by PCE, nonresidential fixed investment, exports, residential fixed investment, and private inventory investment. source: U.S. Bureau of Economic Analysis
Full Year GDP Growth in the United States averaged 3.13 percent from 1950 until 2020, reaching an all time high of 8.70 percent in 1950 and a record low of -3.40 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 September of 2022.
Full Year GDP Growth in the United States is expected to reach 3.50 percent by the end of 2022, 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 2.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.