The Gross Domestic Product (GDP) in the United States expanded 1.70 percent in the second quarter of 2022 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 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

GDP Annual Growth Rate in the United States is expected to be 3.00 percent by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the United States GDP Annual Growth Rate is projected to trend around 2.10 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	-0.60	-1.60	percent	Jun 2022
GDP Annual Growth Rate	1.70	3.50	percent	Jun 2022
Government Spending	3318.98	3334.31	USD Billion	Jun 2022
Consumer Spending	13931.50	13881.10	USD Billion	Jun 2022
GDP Constant Prices	19699.50	19727.90	USD Billion	Jun 2022
Gross National Product	19927.51	19944.20	USD Billion	Jun 2022
Gross Fixed Capital Formation	3631.81	3673.89	USD Billion	Jun 2022
Changes in Inventories	83.90	188.50	USD Billion	Jun 2022
Full Year GDP Growth	5.70	-3.40	percent	Dec 2021
GDP from Utilities	281.90	271.60	USD Billion	Mar 2022
GDP from Transport	504.10	515.80	USD Billion	Mar 2022
GDP from Services	13758.40	13785.50	USD Billion	Mar 2022
GDP from Public Administration	2257.30	2246.40	USD Billion	Mar 2022
GDP from Mining	392.00	419.80	USD Billion	Mar 2022
GDP from Manufacturing	2333.30	2380.90	USD Billion	Mar 2022
GDP from Construction	650.20	649.10	USD Billion	Mar 2022
GDP from Agriculture	238.00	238.80	USD Billion	Mar 2022

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.