The Gross Domestic Product (GDP) in the United States expanded 4.90 percent in the third quarter of 2021 over the same quarter of the previous year. source: U.S. Bureau of Economic Analysis

GDP Annual Growth Rate in the United States averaged 3.13 percent from 1948 until 2021, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -9.10 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 2021.

GDP Annual Growth Rate in the United States is expected to be 3.80 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 2.00 percent in 2022 and 2.10 percent in 2023, according to our econometric models.

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United States GDP Annual Growth Rate


Related Last Previous Unit Reference
GDP Growth Rate 2.10 6.70 percent Sep/21
GDP Annual Growth Rate 4.90 12.20 percent Sep/21
Government Spending 3381.31 3373.77 USD Billion Sep/21
GDP Constant Prices 19469.40 19368.31 USD Billion Sep/21
Consumer Spending 13723.73 13665.61 USD Billion Sep/21
Gross National Product 19681.51 19568.08 USD Billion Sep/21
Gross Fixed Capital Formation 3582.93 3592.96 USD Billion Sep/21
Changes in Inventories -73.15 -168.51 USD Billion Sep/21
GDP From Utilities 290.20 286.80 USD Billion Jun/21
GDP From Transport 490.70 510.20 USD Billion Jun/21
GDP From Services 13379.10 13167.60 USD Billion Jun/21
GDP From Public Administration 2218.30 2180.80 USD Billion Jun/21
GDP From Mining 416.50 433.60 USD Billion Jun/21
GDP From Manufacturing 2329.20 2269.90 USD Billion Jun/21
GDP From Construction 690.70 684.40 USD Billion Jun/21
GDP From Agriculture 243.00 257.50 USD Billion Jun/21
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.