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

The US economy expanded an annualized 0.7 percent on quarter in the last three months of 2015, lower than a 2 percent expansion in the previous period and slightly below market expectations of 0.8 percent, according to the advanced estimate released by the Bureau of Economic Analysis. The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures (PCE), residential fixed investment, and federal government spending that were partly offset by negative contributions from private inventory investment, exports, and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased. GDP Growth Rate in the United States averaged 3.24 percent from 1947 until 2015, 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
0.70 2.00 16.90 -10.00 1947 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-24 01:30 PM Q3 2.1% 3.9% 2.0% 2.0%
2015-12-22 01:30 PM Q3 2.0% 3.9% 1.9% 2.1%
2016-01-29 01:30 PM Q4 0.7% 2.0% 0.8% 1%
2016-02-26 01:30 PM Q4 2.0% 0.7% 0.7%
2016-03-25 11:30 AM Q4 2.0%
2016-04-28 12:30 PM Q1 2.25%

US GDP Growth Slows to 0.7% in Q4


The US economy expanded an annualized 0.7 percent on quarter in the last three months of 2015, lower than a 2 percent expansion in the previous period, according to the advanced estimate released by the Bureau of Economic Analysis. Figures came slightly below market expectations of 0.8 percent, as consumer spending eased, nonresidential investment shrank for the first time in nearly three years and a strong dollar and weak global demand brought exports down.

Personal consumption expenditure (PCE) contributed 1.46 percentage points to growth (2.04 percent in Q3) and rose at a slower 2.2 percent (3 percent in Q3). Spending on both durable goods (4.3 percent from 6.6 percent in Q3) and nondurable goods (1.5 percent from 4.2 percent in Q3) grew at a slower pace and consumption in services also increased less (2 percent from 2.1 percent). 

Fixed investment added a meager 0.03 percentage points to growth (0.6 percent in Q3) and expanded 0.2 percent (3.7 percent in Q3). Nonresidential investment shrank 1.8 percent, following a 2.6 percent gain in the previous period, mainly due to lower structures (-5.3 percent from -7.2 percent in Q3) and equipment investment (-2.5 percent from 9.9 percent in Q3). Residential investment increased 8.1 percent, the same as in the previous period. 

Private inventories subtracted 0.45 percentage points from the growth, lower than 0.71 percent in the previous quarter. 

Meanwhile, exports shrank 2.5 percent, after a 0.7 percent rise in the third quarter and imports rose at a slower 1.1 percent (2.3 percent in Q3), bringing the impact from trade to -0.47 percentage points (-0.26 in Q3).

Government spending and investment added 0.12 percentage points to growth, down from 0.32 percent in the third quarter. 

In 2015, the US economy advanced 2.4 percent, the same as in 2014. There were offsetting movements in the components: decelerations in nonresidential fixed investment (2.9 percent in 2015 from 6.2 percent in 2014) and in exports (1.1 percent from 3.4 percent) and an acceleration in imports (5.0 percent from 3.8 percent) were offset by accelerations in personal consumption (3.1 percent from 2.7 percent) and in residential fixed investment (8.7 percent from 1.8 percent) , a smaller decrease in federal government spending (-0.3 percent from -2.4 percent), and accelerations in private inventory investment and in state and local government spending (1.4 percent from 0.6 percent).


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
1/29/2016 2:06:53 PM

United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 2.00 16.90 -10.00 percent [+]
GDP Annual Growth Rate 1.80 2.10 13.40 -4.10 percent [+]
GDP 17419.00 16768.10 17419.00 543.30 USD Billion [+]
GDP Constant Prices 16442.30 16414.00 16442.30 2084.60 USD Billion [+]
Gross National Product 16585.10 16529.70 16585.10 2098.40 USD Billion [+]
Gross Fixed Capital Formation 2762.20 2760.70 2762.20 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 205.30 191.10 235.10 123.30 USD Billion [+]
GDP From Construction 724.10 706.50 724.10 528.70 USD Billion [+]
GDP From Manufacturing 2187.70 2165.80 2187.70 1679.40 USD Billion [+]
GDP From Mining 292.90 335.10 476.10 197.60 USD Billion [+]
GDP From Public Administration 2330.90 2316.50 2330.90 1705.00 USD Billion [+]
GDP From Services 12319.30 12198.70 12319.30 8469.60 USD Billion [+]
GDP From Transport 528.60 525.90 528.60 357.50 USD Billion [+]
GDP From Utilities 290.90 287.90 296.60 193.00 USD Billion [+]




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