United States GDP Growth Rate  1947-2016 | Data | Chart | Calendar

The US economy expanded an annualized 0.8 percent on quarter in the first three months of 2016, better than a 0.5 percent increase initially estimated, according to the second estimate released by the Bureau of Economic Analysis. Consumption continued to boost growth, spending on home building increased more than expected and the drag from net trade and inventories was smaller. In contrast, business investment fell faster than anticipated, bringing first quarter growth to the lowest in a year. GDP Growth Rate in the United States averaged 3.23 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. GDP Growth Rate in the United States is reported by the U.S. Bureau of Economic Analysis.

United States GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.40 16.90 -10.00 1947 - 2016 percent Quarterly
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-25 12:30 PM Q4 1.4% 2.0% 1% 1%
2016-04-28 12:30 PM Q1 0.5% 1.4% 0.7% 0.6%
2016-05-27 12:30 PM Q1 0.8% 1.4% 0.9% 0.7%
2016-06-28 12:30 PM Q1 1.4% 0.8% 0.8%
2016-07-29 12:30 PM Q2 0.9%
2016-08-26 12:30 PM Q2

US GDP Growth Revised Up to 0.8% in Q1


The US economy expanded an annualized 0.8 percent on quarter in the first three months of 2016, better than a 0.5 percent increase initially estimated, according to the second estimate released by the Bureau of Economic Analysis. Consumption continued to boost growth as spending on home building increased more than expected and the drag from net trade and inventories was smaller. In contrast, business investment fell faster than anticipated.

Personal consumption expenditure (PCE) contributed 1.29 percentage points to growth (1.27 percent in the advance estimate) and rose 1.9 percent (1.9 percent in the advance estimate). Spending on durable goods (-1.2 percent from -1.6 percent in the advance estimate) fell less than expected, consumption of nondurable goods (1.3 percent from 1 percent in the advance estimate) rose more whose the one for services increased less than expected (2.6 percent from 2.7 percent). 

Fixed investment subtracted 0.25 percentage points to growth (-0.27 percent in the advance estimate) and shrank 1.5 percent (-1.6 percent in the advance estimate). Nonresidential investment declined faster by 6.2 percent (-5.9 percent in the advance estimate) and investment in intellectual property products fell 0.1 percent (compared to a 1.7 percent growth in the advance estimate) while structures declined less (-8.9 percent from -10.7 percent in the advance estimate) and residential investment increased 17.1 percent, higher than 14.8 percent in the advance estimate. 

Private inventories subtracted 0.2 percentage points from the growth, compared to a 0.33 percentage points decrease earlier estimated. Businesses accumulated $69.6 billion worth of inventory, compared to $60.9 billion earlier reported. 

Meanwhile, exports shrank at a slower 2 percent (-2.6 percent in the advance estimate) while imports contracted 0.2 percent, compared to a 0.2 percent increase earlier reported and bringing the impact from trade to -0.21 percent from -0.34 percentage points earlier reported.

Government spending and investment added 0.2 percentage points to growth, the same as in the advance estimate.


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
5/27/2016 2:05:41 PM

United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.40 16.90 -10.00 percent [+]
GDP Annual Growth Rate 2.00 2.00 13.40 -4.10 percent [+]
GDP 17419.00 16768.10 17419.00 543.30 USD Billion [+]
GDP Constant Prices 16505.10 16470.60 16505.10 2084.60 USD Billion [+]
Gross National Product 16623.20 16631.70 16631.70 2098.40 USD Billion [+]
Gross Fixed Capital Formation 2752.80 2763.20 2763.20 1215.60 USD Billion [+]
GDP per capita 46405.26 45660.73 46405.26 15791.86 USD [+]
GDP per capita PPP 52117.76 51281.58 52117.76 36543.10 USD [+]
GDP From Agriculture 193.40 205.30 235.10 123.30 USD Billion [+]
GDP From Construction 743.00 724.10 743.00 528.70 USD Billion [+]
GDP From Manufacturing 2179.40 2187.70 2187.70 1679.40 USD Billion [+]
GDP From Mining 260.00 292.90 476.10 197.60 USD Billion [+]
GDP From Public Administration 2341.90 2330.90 2341.90 1705.00 USD Billion [+]
GDP From Services 12447.10 12319.30 12447.10 8469.60 USD Billion [+]
GDP From Transport 534.40 528.60 534.40 357.50 USD Billion [+]
GDP From Utilities 288.50 290.90 296.60 193.00 USD Billion [+]




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Turkey 0.70 Dec/15
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Czech Republic 0.50 Mar/16
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United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Canada 0.20 Dec/15
Israel 0.20 Mar/16
Singapore 0.20 Mar/16
Bahrain 0.10 Dec/15
Denmark 0.10 Dec/15
Ecuador 0.10 Dec/15
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Portugal 0.10 Mar/16
Uruguay 0.10 Dec/15
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Serbia 0.00 Dec/15
Latvia -0.10 Mar/16
Moldova -0.10 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Croatia -0.50 Dec/15
Greece -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
Iceland -1.10 Dec/15
Brazil -1.40 Dec/15
Nigeria -13.70 Mar/16