The US economy grew 2.1 percent in Q4, the same as in Q3 and matching figures from the second estimate. Upward revision to personal consumption expenditures (PCE) was largely offset by downward revisions to federal government spending and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3 percent, the least since 2016 and missing Trump administration's 3 percent target for the 2nd year.

GDP Growth Rate in the United States averaged 3.21 percent from 1947 until 2019, reaching an all time high of 16.70 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020. source: U.S. Bureau of Economic Analysis

GDP Growth Rate in the United States is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in the United States to stand at -3.00 in 12 months time. In the long-term, the United States GDP Growth Rate is projected to trend around 1.70 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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United States GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.10 16.70 -10.00 1947 - 2019 percent Quarterly
GDP Growth Rate by Country


Calendar GMT Actual Previous Consensus TEForecast
2019-12-20 01:30 PM QoQ Final Q3 2.1% 2% 2.1% 2.1%
2020-01-30 01:30 PM QoQ Adv Q4 2.1% 2.1% 2.1% 2.1%
2020-02-27 01:30 PM QoQ 2nd Est Q4 2.1% 2.1% 2.1% 2.1%
2020-03-26 12:30 PM QoQ Final Q4 2.1% 2.1% 2.1% 2.1%
2020-04-29 12:30 PM QoQ Adv Q1 2.1% -5%
2020-05-28 12:30 PM QoQ 2nd Est Q1 2.1% -5%
2020-06-25 12:30 PM QoQ Final Q1 2.1% -5%
2020-07-30 12:30 PM QoQ Adv Q2 -17%
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News Stream
US GDP Growth Unrevised at 2.1%
The US economy grew 2.1 percent in Q4, the same as in Q3 and matching figures from the second estimate. Upward revision to personal consumption expenditures (PCE) was largely offset by downward revisions to federal government spending and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3 percent, the least since 2016 and missing Trump administration's 3 percent target for the 2nd year.
2020-03-26
US GDP Growth Unrevised at 2.1%
The US economy grew 2.1 percent in Q4, the same as in Q3 and matching the advance figures. In the second estimate, the contribution from net trade was revised higher and the drag from inventories was smaller while PCE rose less than initially estimated and nonresidential investment shrank faster. Considering full 2019, the economy advanced 2.3 percent, the least since 2016 and missing Trump administration's 3 percent target for the 2nd year.
2020-02-27
US GDP Grows 2.1% in Q4, Matches Forecasts
The US economy grew 2.1% in Q4, the same as in Q3 and matching forecasts, advance estimates showed. Consumer spending slowed sharply while net trade made the biggest contribution to growth since Q2 2009 amid a fall in imports. In contrast, negative contributions came from private inventory investment and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3%, the least since 2016 and missing Trump administration's 3% target for the 2nd year.
2020-01-30
US GDP Growth Unrevised at 2.1% in Q3
The US economy grew by an annualized 2.1% in Q3, unchanged from the second estimate and following a 2% expansion in the previous three-month period. Consumer spending grew faster than anticipated and the drag from business investment was smaller than earlier reported. On the other hand, imports rose faster and inventories fell while investment in homebuilding was revised lower.
2019-12-20

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.