The Gross Domestic Product (GDP) in United States expanded 2.3 % YoY in Dec 2019, following a growth of 2.1 % in the previous quarter. Real GDP Growth YoY data in United States is updated quarterly, available from Mar 1948 to Dec 2019, with an average rate of 3.1 %. The data reached an all-time high of 13.4 % in Dec 1950 and a record low of -3.9 % in Jun 2009. An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. The current U.S. GDP growth rate is 2.1%. That means the United States economy grew at a rate of 2.1% in the fourth quarter of 2019. The fourth quarter is October through December. GDP (current US$) GDP (constant LCU) GDP: linked series (current LCU) GDP, PPP (constant 2011 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. CSV XML EXCEL. DataBank. Online tool for visualization and analysis. WDI Tables. The GDP growth rate indicates how fast or slow the economy is growing or shrinking. It is driven by the four components of GDP, the largest being personal consumption expenditures. The BEA tracks GDP growth rate because this is a vital indicator of economic health. U.S. economic growth has been led by consumption, private sector investment, and exports. savings rate (right axis) Growth in final sales to private domestic purchasers Growth in real GDP recession United States 300 basis points 1-yr inflation expectations 10-yr inflation expectations This statistic shows the annual growth rate of the real Gross Domestic Product of the United States from 1990 to 2019. Gross domestic product (GDP) refers to the market value of all final goods
1 Mar 2019 WASHINGTON: The US economy slowed in the final three months of last year to an annual growth rate of 2.6%, the slowest pace of the year, 26 Jan 2018 U.S. economic growth unexpectedly slowed in the fourth quarter as the strongest pace of consumer spending in three years resulted in a surge 26 Jan 2018 For a while, it looked as if Trump would hit his 3% economic growth target for 2017. Trump crowing about U.S. economic growth under his administration, That's better than the 1.5% growth rate in 2016, the last year of
U.S. real GDP growth has grown at a turtle-like pace of only 2.1 percent per year in the last four years, despite a rapid decline in the unemployment rate from 10 20 Dec 2019 US economic growth and consumer spending show resilience consumer, a healthy job market and interest rate cuts by the Federal Reserve. 19 Dec 2019 GDP growth falls to less than 1.5 percent over the forecast period, while the unemployment rate rises. Productivity bonanza (10 percent):
29 Apr 2016 US Economic Growth Slowed in 1Q16, but Does This Really Call for a Slower Rate. Slow growth in the first quarter of the year is not unusual for
GDP Annual Growth Rate in the United States is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in the United States to stand at 2.40 in 12 months time. US GDP Growth Rate table by year, historic, and current data. Current US GDP Growth Rate is 3.97%.