The US economy advanced an annualized 3.5 percent on quarter in the third quarter of 2018, in line with earlier figures, the second estimate showed. It follows a 4.2 percent growth in the previous period which was the highest since the third quarter of 2014. Upward revisions to nonresidential fixed investment and private inventory investment were offset by downward revisions to personal consumption expenditures (PCE) and state and local government spending. GDP Growth Rate in the United States averaged 3.22 percent from 1947 until 2018, 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.

GDP Growth Rate in the United States is expected to be 2.80 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 2.70 in 12 months time. In the long-term, the United States GDP Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

United States GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-29 12:30 PM GDP Growth Rate QoQ 2nd Est 4.2% 2.2% 4% 4%
2018-09-27 12:30 PM GDP Growth Rate QoQ Final 4.2% 2.2% 4.2% 4.2%
2018-10-26 12:30 PM GDP Growth Rate QoQ Adv 3.5% 4.2% 3.3% 3.1%
2018-11-28 01:30 PM GDP Growth Rate QoQ 2nd Est 3.5% 4.2% 3.5% 3.5%
2018-12-21 01:30 PM GDP Growth Rate QoQ Final 4.2% 3.5% 3.5%
2019-01-30 01:30 PM GDP Growth Rate QoQ Adv 3.10%
2019-02-28 01:30 PM GDP Growth Rate QoQ 2nd Est 3.10%


United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.50 4.20 16.70 -10.00 percent [+]
GDP Annual Growth Rate 3.00 2.90 13.40 -3.90 percent [+]
GDP 19390.60 18624.48 19390.60 543.30 USD Billion [+]
GDP Constant Prices 18671.65 18511.58 18671.65 2184.87 USD Billion [+]
Gross National Product 18928.22 18766.40 18928.22 2098.40 USD Billion [+]
Gross Fixed Capital Formation 3333.62 3322.33 3333.62 1215.60 USD Billion [+]
GDP per capita 53128.54 52319.20 53128.54 17036.90 USD [+]
GDP per capita PPP 54225.45 53399.40 54225.45 36543.08 USD [+]
GDP From Agriculture 216.90 212.50 236.10 168.40 USD Billion [+]
GDP From Construction 641.40 637.30 794.50 531.70 USD Billion [+]
GDP From Manufacturing 2125.80 2113.80 2125.80 1798.60 USD Billion [+]
GDP From Mining 429.80 418.10 472.80 241.80 USD Billion [+]
GDP From Public Administration 2175.50 2172.30 2188.00 2089.50 USD Billion [+]
GDP From Services 12700.80 12555.40 12700.80 9734.70 USD Billion [+]
GDP From Transport 542.40 542.70 542.70 429.60 USD Billion [+]
GDP From Utilities 284.30 272.20 291.30 217.20 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 4.20 16.70 -10.00 1947 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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