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

The US economy expanded an annualized 0.5 percent on quarter in the first three months of 2016, lower than a 1.4 percent expansion in the previous period, and below market expectations of 0.7 percent growth, according to the advanced estimate released by the Bureau of Economic Analysis. It is the weakest performance since the first quarter of 2014 when the economy contracted 0.9 percent as consumer spending slowed, the drag from trade and business inventories worsened and business investment fell for the third straight quarter. 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
0.50 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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-26 01:30 PM Q4 1.0% 2.0% 0.4% 0.7%
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 1.4% 0.6%
2016-06-28 12:30 PM Q1 1.4%
2016-07-29 12:30 PM Q2 2.0%

US GDP Growth Slows to 0.5% in Q1


The US economy expanded an annualized 0.5 percent on quarter in the first three months of 2016, lower than a 1.4 percent expansion in the previous period, and below market expectations of 0.7 percent growth, according to the advanced estimate released by the Bureau of Economic Analysis. It is the weakest performance since the first quarter of 2014 when the economy contracted 0.9 percent as consumer spending slowed, the drag from trade and business inventories worsened and business investment fell for the third straight quarter.

Personal consumption expenditure (PCE) contributed 1.27 percentage points to growth (1.66 percent in the previous quarter) and rose 1.9 percent (2.4 percent in the previous quarter). Spending on durable goods (-1.6 percent from 3.8 percent in the previous quarter) fell, services slowed (2.7 percent from 3.8 percent in the previous period) and nondurable goods expenditure increased at a faster 1 percent (0.6 percent in the previous quarter). 

Fixed investment subtracted 0.27 percentage points to growth (0.06 percent in the previous quarter) and fell 1.6 percent (+0.4 percent in the previous quarter). Nonresidential investment shrank 5.9 percent (-2.1 percent in the previous quarter): structures fell 10.7 percent (-5.1 percent in the previous quarter), equipment investment decreased 8.6 percent (-2.1 percent in the previous quarter) while investment in intellectual property products grew 1.7 percent (rebounding from a 0.2 percent decline in the previous quarter). Residential investment jumped 14.8 percent, higher than 10.1 percent in the previous quarter. 

Private inventories subtracted 0.33 percentage points from the growth, compared to a 0.22 percentage point’s decrease in the previous period. Businesses accumulated $60.9 billion worth of inventory, lower than $78.3 billion earlier reported. 

Meanwhile, exports shrank 2.6 percent (-2 percent in the previous quarter) while imports edged up 0.2 percent (recovering from a 0.7 percent fall in the previous quarter), bringing the impact from trade to -0.34 percent from -0.14 percentage points in the previous quarter.

Government spending and investment added 0.2 percentage points to growth compared to a 0.02 percentage points in the previous quarter, up 1.2 percent from the fourth quarter.


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
4/28/2016 1:58:52 PM

United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 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 16492.70 16470.60 16492.70 2084.60 USD Billion [+]
Gross National Product 16631.70 16585.10 16631.70 2098.40 USD Billion [+]
Gross Fixed Capital Formation 2751.80 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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Latvia -0.10 Mar/16
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Iceland -1.10 Dec/15
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Indonesia -1.83 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15