The Gross Domestic Product (GDP) in the United States expanded 1.90 percent in the third quarter of 2022 over the same quarter of the previous year. source: U.S. Bureau of Economic Analysis

GDP Annual Growth Rate in the United States averaged 3.14 percent from 1948 until 2022, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -8.40 percent in the second quarter of 2020. This page provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

GDP Annual Growth Rate in the United States is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States GDP Annual Growth Rate is projected to trend around 1.30 percent in 2023 and 2.10 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2013-04-26 01:30 PM YoY Adv Q1 2013 1.8% 1.7%
2013-05-30 01:30 PM YoY Second Est Q1 2013 1.8% 1.7% 1.8% 1.8%


Related Last Previous Unit Reference
GDP Growth Rate 2.90 -0.60 percent Sep 2022
GDP Annual Growth Rate 1.90 1.80 percent Sep 2022
Government Spending 3404.90 3379.50 USD Billion Sep 2022
GDP Constant Prices 20039.40 19895.30 USD Billion Sep 2022
Consumer Spending 14159.90 14099.50 USD Billion Sep 2022
Gross National Product 20175.92 20063.65 USD Billion Sep 2022
Gross Fixed Capital Formation 3544.50 3581.90 USD Billion Sep 2022
Changes in Inventories 49.60 110.20 USD Billion Sep 2022
Full Year GDP Growth 5.90 -2.80 percent Dec 2021
GDP from Utilities 281.80 281.90 USD Billion Jun 2022
GDP from Transport 536.40 504.10 USD Billion Jun 2022
GDP from Services 14081.20 13758.40 USD Billion Jun 2022
GDP from Public Administration 2242.90 2257.30 USD Billion Jun 2022
GDP from Mining 366.20 392.00 USD Billion Jun 2022
GDP from Manufacturing 2256.00 2333.30 USD Billion Jun 2022
GDP from Construction 602.40 650.20 USD Billion Jun 2022
GDP from Agriculture 201.00 238.00 USD Billion Jun 2022

United States GDP Annual Growth Rate
The United States is the world’s largest economy. Yet, in the last two decades, like in the case of many other developed nations, its growth rates have been decreasing. If in the 50’s and 60’s the average growth rate was above 4 percent, in the 70’s and 80’s dropped to around 3 percent. In the last ten years, the average rate has been below 2 percent and since the second quarter of 2000 has never reached the 5 percent level.
Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.80 13.40 -8.40 1948 - 2022 percent Quarterly