United States GDP Growth Rate  1947-2017 | Data | Chart | Calendar

The US economy advanced an annualized 2.1 percent on quarter in the fourth quarter of 2016, higher than 1.9 percent in the previous estimates, final figures showed. Personal consumption expenditures (PCE) increased more than previously estimated. The increase in real GDP in the fourth quarter reflected positive contributions from PCE, private inventory investment, residential fixed investment, nonresidential fixed investment, and state and local government spending that were partly offset by negative contributions from exports and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. GDP Growth Rate in the United States averaged 3.22 percent from 1947 until 2016, reaching an all time high of 16.90 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958.

United States GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-27 01:30 PM Q4 1.9% 3.5% 2.2% 2.2%
2017-02-28 01:30 PM Q4 1.9% 3.5% 2.1% 2.1%
2017-03-30 12:30 PM Q4 2.1% 3.5% 2% 2%
2017-04-28 12:30 PM Q1 2.1% 1.1% 1.3%
2017-05-26 12:30 PM Q1 2.1% 1.3%
2017-06-29 12:30 PM Q1 2.1% 1.3%




US GDP Growth Revised Up To 2.1% In Q4


The US economy advanced an annualized 2.1 percent on quarter in the fourth quarter of 2016, higher than 1.9 percent in the previous estimates, final figures showed. Consumer spending and inventories increased faster than anticipated while investment rose less and net trade subtracted more from growth. In 2016, the GDP expanded 1.6 percent, the lowest since 2011.

Personal consumption expenditure (PCE) contributed 2.4 percentage points to growth (2.05 percent in the second estimate) and rose 3.5 percent (3 percent in the second estimate). Spending increased more than anticipated for nondurable goods (3.3 percent compared to 2.8 percent) and services (2.4 percent compared to 1.8 percent) but rose slightly less for durable goods (11.4 percent compared to 11.5 percent).

Fixed investment added 0.46 percentage points to growth (0.51 percentage points in the second estimate) and increased 2.9 percent, compared to a 3.2 percent expansion in the previous release. Investment rose less for intellectual property products (1.3 percent compared to 4.5 percent); growth was steady for equipment (1.9 percent) and residential (9.6 percent). Investment in structures fell at a slower 1.9 percent (-4.5 percent).

Private inventories added 1.01 percentage points to growth, above 0.94 percentage points in the second estimate. It is the biggest contribution since the first quarter of 2015.

Meanwhile, exports shrank 4.5 percent (-4 percent in the second estimate) and imports jumped 9 percent (8.5 percent), bringing the impact from trade to -1.82 percent (-1.7 percent in the second estimate). 

Government spending and investment added 0.03 percentage points to growth (0.06 percent in the previous release) and rose 0.2 percent (0.4 percent in the preliminary estimates).

Considering full 2016, private investment slumped for the first time since 2009 (-1.6 percent, the same as in the second estimate), dragged down by structures (-2.9 percent from -3 percent) and equipment (-2.9 percent). Consumer spending  rose 2.7 percent, the same as in earlier estimates and public spending and investment increased 0.8 percent, unchanged form earlier estimates. Exports went up 0.4 percent and imports rose 1.2 percent (1.1 percent in the second estimate). 

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
3/30/2017 1:13:41 PM



United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.10 3.50 16.90 -10.00 percent [+]
GDP Annual Growth Rate 2.00 1.70 13.40 -4.10 percent [+]
GDP 18036.65 17393.10 18036.65 543.30 USD Billion [+]
GDP Constant Prices 16813.30 16727.00 16813.30 2084.60 USD Billion [+]
Gross National Product 17017.60 16897.40 17017.60 2098.40 USD Billion [+]
Gross Fixed Capital Formation 2798.90 2779.30 2798.90 1215.60 USD Billion [+]
GDP per capita 51638.10 50727.80 51638.10 17036.90 USD [+]
GDP per capita PPP 52704.20 51775.09 52704.20 36543.08 USD [+]
GDP From Agriculture 152.50 160.10 235.10 123.30 USD Billion [+]
GDP From Construction 798.10 784.90 798.10 528.70 USD Billion [+]
GDP From Manufacturing 2193.70 2181.00 2193.70 1679.40 USD Billion [+]
GDP From Mining 293.30 271.60 476.10 197.60 USD Billion [+]
GDP From Public Administration 2415.30 2402.20 2415.30 1705.00 USD Billion [+]
GDP From Services 13016.50 12875.60 13016.50 8469.60 USD Billion [+]
GDP From Transport 572.10 565.90 572.10 357.50 USD Billion [+]
GDP From Utilities 292.50 293.90 296.60 193.00 USD Billion [+]


United States GDP Growth Rate Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 3.50 16.90 -10.00 1947 - 2016 percent Quarterly



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Mongolia 1.00 Dec/16
Sweden 1.00 Dec/16
Albania 0.90 Dec/16
Bulgaria 0.90 Dec/16
Saudi Arabia 0.90 Sep/16
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Cyprus 0.70 Dec/16
Mexico 0.70 Dec/16
Spain 0.70 Dec/16
United Kingdom 0.70 Dec/16
Canada 0.60 Dec/16
Croatia 0.60 Dec/16
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Netherlands 0.60 Dec/16
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Portugal 0.60 Dec/16
Argentina 0.50 Dec/16
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Czech Republic 0.40 Dec/16
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Germany 0.40 Dec/16
Hungary 0.40 Dec/16
New Zealand 0.40 Dec/16
Thailand 0.40 Dec/16
Cameroon 0.30 Mar/16
Japan 0.30 Dec/16
Italy 0.20 Dec/16
Serbia 0.20 Dec/16
Tunisia 0.20 Dec/16
Botswana 0.10 Dec/16
Kenya 0.10 Sep/16
Switzerland 0.10 Dec/16
Belize 0.04 Sep/16
Finland 0.00 Dec/16
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Chile -0.40 Dec/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.90 Dec/16
Jamaica -1.10 Dec/16
Rwanda -1.10 Dec/16
Greece -1.20 Dec/16
Mozambique -1.70 Dec/16
Namibia -1.70 Dec/16
Senegal -1.70 Sep/16
Indonesia -1.77 Dec/16
Singapore -1.90 Mar/17
Qatar -2.10 Oct/16
Dominican Republic -2.18 Sep/16
Bahrain -2.70 Dec/16
Trinidad And Tobago -3.30 Sep/16