United States GDP Growth Rate  1947-2018 | Data | Chart | Calendar

The US economy expanded an annualized 2.9 percent on quarter in the last three months of 2017, higher than 2.5 percent in the second estimate and beating market expectations of 2.7 percent. Personal consumption expenditures and private inventory investment were revised up. GDP Growth Rate in the United States averaged 3.22 percent from 1947 until 2017, reaching an all time high of 16.90 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958.

United States GDP Growth Rate
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US GDP Growth Revised Higher to 2.9% in Q4


The US economy expanded an annualized 2.9 percent on quarter in the last three months of 2017, higher than 2.5 percent in the second estimate and beating market expectations of 2.7 percent. Personal consumption expenditures and private inventory investment were revised up.

Personal consumption expenditure (PCE) contributed 2.75 percentage points to growth (2.58 percentage points in the second estimate) and rose 4 percent (3.8 percent in the second estimate). Services (2.3 percent compared to 2.1 percent in the second reading) and nondurables (4.8 percent compared to 4.3 percent) rose more than anticipated while durables (13.7 percent compared to 13.8 percent) increased less.

Fixed investment added 1.31 percentage points to growth (1.29 percentage points in the second estimate) and increased 8.2 percent (8.1 percent in the second estimate). Investment rose more than expected for structures (6.3 percent compared to 2.5 percent). On the other hand, residential (12.8 percent compared to 13 percent in the second estimate); equipment (11.6 percent compared to 11.8 percent); and intellectual property products (0.8 percent compared to 2.4 percent) rose less. 

Private inventories subtracted 0.53 percentage points from growth, compared to -0.7 percent in the second estimate. 

Meanwhile, exports jumped 7 percent (7.1 percent in the second estimate) and imports surged 14.1 percent (14 percent in the second estimate). As a result, the impact from trade was -1.16 percent, worse than -1.13 percent in the second estimate.

Government spending and investment added 0.51 percentage points to growth (0.49 percentage points in the second estimate). It increased 3 percent, compared to 2.9 percent.

Considering full 2017, the economy expanded 2.3 percent, higher than 1.5 percent in 2016 and in line with the previous estimates.


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
3/28/2018 12:46:53 PM


Recent Releases

US GDP Growth Revised Slightly Down to 2.5%
The US economy advanced an annualized 2.5 percent on quarter in the last three months of 2017, below an advance reading of 2.6 percent and 3.2 percent in the previous period. Figures came in line with market expectations. Imports rose more than exports and at the fastest pace since Q3 2010, bringing the net trade contribution to negative. Also, private inventory investment fell more than initially expected. On the other hand, personal spending remained robust and fixed investment growth was revised higher.
Published on 2018-02-28

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The US economy expanded an annualized 2.6 percent on quarter in the last quarter of 2017, below 3.2 percent in the previous period and market expectations of 3 percent, the advance estimate from the BEA showed. Consumer spending rose the most in six quarters and residential investment rebounded while inventories weighed down on the growth and a surge in imports brought the net trade contribution to negative. Considering full 2017, the economy expanded 2.3 percent, higher than 1.5 percent in 2016.
Published on 2018-01-26

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The US economy expanded an annualized 3.2 percent on quarter in the third quarter of 2017, slightly below a second estimate of 3.3 percent and lower than market expectations of 3.3 percent, the final reading from the BEA showed. Still, it is the highest growth rate since the first quarter of 2015. The contribution from both personal consumption and net trade was lower than initially expected while spending from government was revised much higher.
Published on 2017-12-21

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Published on 2017-11-29



Calendar GMT Actual Previous Consensus TEForecast
2018-01-26 01:30 PM GDP Growth Rate QoQ Adv 2.6% 3.2% 2.7% 2.9%
2018-02-28 01:30 PM GDP Growth Rate QoQ 2nd Est 2.5% 3.2% 2.5% 2.5%
2018-03-28 12:30 PM GDP Growth Rate QoQ Final 2.9% 3.2% 2.7% 2.6%
2018-04-27 12:30 PM GDP Growth Rate QoQ Adv 2.9% 2% 2.2%
2018-05-30 12:30 PM GDP Growth Rate QoQ 2nd Est 2.9%
2018-06-28 12:30 PM GDP Growth Rate QoQ Final 2.9%


United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.90 3.20 16.90 -10.00 percent [+]
GDP Annual Growth Rate 2.60 2.30 13.40 -4.10 percent [+]
GDP 18624.48 18120.71 18624.48 543.30 USD Billion [+]
GDP Constant Prices 17286.50 17163.89 17286.50 2084.56 USD Billion [+]
Gross National Product 17469.21 17352.84 17469.21 2098.40 USD Billion [+]
Gross Fixed Capital Formation 2973.72 2915.80 2973.72 1215.60 USD Billion [+]
GDP per capita 52194.90 51722.10 52194.90 17036.90 USD [+]
GDP per capita PPP 53272.50 52790.00 53272.50 36543.08 USD [+]
GDP From Agriculture 151.70 152.30 171.40 108.80 USD Billion [+]
GDP From Construction 660.50 647.30 782.90 537.30 USD Billion [+]
GDP From Manufacturing 1983.60 1958.20 1983.60 1693.50 USD Billion [+]
GDP From Mining 387.40 378.20 414.30 203.70 USD Billion [+]
GDP From Public Administration 2086.70 2086.40 2086.70 1981.00 USD Billion [+]
GDP From Services 11731.40 11666.10 11731.40 9331.20 USD Billion [+]
GDP From Transport 478.20 471.90 478.20 386.90 USD Billion [+]
GDP From Utilities 283.40 277.50 291.00 239.60 USD Billion [+]


United States GDP Growth Rate

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. This page provides the latest reported value for - United States GDP 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 Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.20 16.90 -10.00 1947 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
South Korea 1.10 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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