The Gross Domestic Product (GDP) in the United States expanded 12.20 percent in the second 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 3.12 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 October of 2021.

GDP Annual Growth Rate in the United States is expected to be 3.70 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

United States Last Unit Reference Previous Highest Lowest
GDP Growth Rate 6.70 percent Jun/21 6.30 33.80 -31.20
GDP Annual Growth Rate 12.20 percent Jun/21 0.50 13.40 -9.10
GDP Constant Prices 19368.31 USD Billion Jun/21 19055.66 19368.31 2186.37
Gross National Product 19573.16 USD Billion Jun/21 19262.10 19573.16 2199.23
Gross Fixed Capital Formation 3592.96 USD Billion Jun/21 3564.08 3592.96 1215.60

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.