The Gross Domestic Product (GDP) in the United States contracted 2.90 percent in the third quarter of 2020 over the same quarter of the previous year. source: U.S. Bureau of Economic Analysis

GDP Annual Growth Rate in the United States averaged 3.12 percent from 1948 until 2020, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -9 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 - values, historical data and charts - was last updated on December of 2020.

GDP Annual Growth Rate in the United States is expected to be 1.00 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 3.70 in 12 months time. In the long-term, the United States GDP Annual Growth Rate is projected to trend around 3.80 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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United States GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -9.00 13.40 -9.00 1948 - 2020 percent Quarterly


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.