The gross domestic product growth in the United States accelerated to 2.60 percent yoy in the second quarter of 2023 from 1.8 percent in the first quarter. source: U.S. Bureau of Economic Analysis

GDP Annual Growth Rate in the United States averaged 3.12 percent from 1948 until 2023, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -8.40 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 August of 2023.

GDP Annual Growth Rate in the United States is expected to be 0.60 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 0.10 percent in 2024 and 1.10 percent in 2025, 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 2.00 percent Jun 2023
GDP Annual Growth Rate 2.60 1.80 percent Jun 2023
Government Spending 3506.69 3484.45 USD Billion Jun 2023
GDP Constant Prices 20404.09 20282.80 USD Billion Jun 2023
Consumer Spending 14418.83 14360.36 USD Billion Jun 2023
Gross National Product 20382.26 20303.89 USD Billion Mar 2023
Gross Fixed Capital Formation 3554.50 3512.00 USD Billion Jun 2023
Changes in Inventories 9.30 3.51 USD Billion Jun 2023
Full Year GDP Growth 2.10 5.90 percent Dec 2022
GDP from Utilities 268.30 271.00 USD Billion Mar 2023
GDP from Transport 561.90 557.30 USD Billion Mar 2023
GDP from Services 14422.80 14331.40 USD Billion Mar 2023
GDP from Public Administration 2273.00 2258.00 USD Billion Mar 2023
GDP from Mining 409.70 407.80 USD Billion Mar 2023
GDP from Manufacturing 2252.30 2283.40 USD Billion Mar 2023
GDP from Construction 570.10 568.40 USD Billion Mar 2023
GDP from Agriculture 219.40 201.00 USD Billion Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 1.80 13.40 -8.40 1948 - 2023 percent Quarterly