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

Real gross domestic product increased at an annual rate of 1.1 percent in the second quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8 percent. In the advance estimate, the increase in real GDP was 1.2 percent. The increase in real GDP in the second quarter primarily reflected positive contributions from persona consumption expenditures (PCE) and exports that were partly offset by negative contributions from private inventory investment, residential fixed investment, state and local government spending and nonresidential fixed investment. 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. 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
1.10 0.80 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-28 12:30 PM Q1 1.1% 1.4% 1% 0.8%
2016-07-29 12:30 PM Q2 1.2% 0.8% 2.6% 2%
2016-08-26 12:30 PM Q2 1.1% 0.8% 1.1% 1.2%
2016-09-29 12:30 PM Q2 0.8% 1.3% 1.2%
2016-10-28 11:30 AM Q3 1.8%
2016-11-29 01:30 PM Q3

US GDP Growth Revised Down to 1.1% in Q2


The US economy expanded an annualized 1.1 percent on quarter in the three months to June of 2016, down from a 1.2 percent growth in the advance estimate. Net trade contribution was lower than anticipated and the fall in inventories was steeper than expected while consumer spending rose at a faster pace, according to the second estimate released by the Bureau of Economic Analysis.

Personal consumption expenditure (PCE) contributed 2.94 percentage points to growth (2.83 percent in the advance estimate) and rose 4.4 percent (4.2 percent in the advance estimate). Spending on both durable goods (9.9 percent compared to 8.4 percent in the advance estimate) and services (3.1 percent compared to 3 percent in the advance estimate) rose more than anticipated while non-durable goods increased slightly less (5.7 percent compared to 6 percent). 

Fixed investment subtracted 0.42 percentage points to growth (-0.52 percent in the advance estimate) and shrank 2.5 percent (-3.2 percent in the advance estimate). Nonresidential investment declined less by 0.9 percent (-2.2 percent in the advance estimate) while residential investment fell faster by 7.7 percent (-6.1 percent in the advance estimate). 

Private inventories subtracted 1.26 percentage points from the growth, compared to a 1.16 percentage points decrease earlier estimated. Businesses lost $12.4 billion worth of inventory, compared to an $8.1 billion loss in the advance estimate. It is the first time since 2011 inventories fell.

Meanwhile, exports increased at a slower 1.2 percent (1.4 percent in the advance estimate) while imports rose 0.3 percent, compared to a 0.4 percent decline in the advance estimate, thus bringing the impact from trade to a smaller 0.1 percent (0.23 percent earlier reported). 

Government spending and investment subtracted 0.27 percentage points to growth, more than -0.23 percent in the advance estimate. It went down 1.5 percent (compared to a 0.9 percent decline earlier estimated). 


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
8/26/2016 2:22:29 PM

United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.80 16.90 -10.00 percent [+]
GDP Annual Growth Rate 1.20 1.60 13.40 -4.10 percent [+]
GDP 17947.00 17348.08 17947.00 543.30 USD Billion [+]
GDP Constant Prices 16570.20 16525.00 16570.20 2084.60 USD Billion [+]
Gross National Product 16734.00 16668.30 16734.00 2098.40 USD Billion [+]
Gross Fixed Capital Formation 2769.00 2786.70 2794.50 1215.60 USD Billion [+]
GDP per capita 51486.00 50662.40 51486.00 17036.90 USD [+]
GDP per capita PPP 52549.01 51708.40 52549.01 36543.08 USD [+]
GDP From Agriculture 182.20 193.40 235.10 123.30 USD Billion [+]
GDP From Construction 761.20 743.00 761.20 528.70 USD Billion [+]
GDP From Manufacturing 2159.00 2179.40 2187.70 1679.40 USD Billion [+]
GDP From Mining 215.20 260.00 476.10 197.60 USD Billion [+]
GDP From Public Administration 2356.50 2341.90 2356.50 1705.00 USD Billion [+]
GDP From Services 12556.10 12447.10 12556.10 8469.60 USD Billion [+]
GDP From Transport 534.10 534.40 534.40 357.50 USD Billion [+]
GDP From Utilities 285.00 288.50 296.60 193.00 USD Billion [+]




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Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 5.55 Jun/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
South Africa 3.30 Jun/16
Sri Lanka 2.60 Jun/16
Paraguay 2.50 Jun/16
Iceland 2.10 Jun/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Hong Kong 1.60 Jun/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Bahrain 1.20 Jun/16
Ghana 1.10 Mar/16
United States 1.10 Jun/16
Hungary 1.00 Jun/16
Israel 1.00 Jun/16
Czech Republic 0.90 Jun/16
Mauritius 0.90 Mar/16
New Zealand 0.90 Jun/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Nigeria 0.82 Jun/16
South Korea 0.80 Jun/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
Ireland 0.60 Jun/16
Latvia 0.60 Jun/16
Moldova 0.60 Jun/16
Netherlands 0.60 Jun/16
Switzerland 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Australia 0.50 Jun/16
Belgium 0.50 Jun/16
Croatia 0.50 Jun/16
Denmark 0.50 Jun/16
Estonia 0.50 Jun/16
Slovenia 0.50 Jun/16
Sweden 0.50 Jun/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Cameroon 0.30 Mar/16
Euro Area 0.30 Jun/16
Portugal 0.30 Jun/16
Singapore 0.30 Jun/16
Turkey 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Japan 0.20 Jun/16
Lithuania 0.20 Jun/16
Malta 0.20 Jun/16
Taiwan 0.15 Jun/16
Belize 0.05 Jun/16
Finland 0.00 Jun/16
Italy 0.00 Jun/16
Mozambique 0.00 Jun/16
Norway 0.00 Jun/16
Peru 0.00 Mar/16
Serbia 0.00 Jun/16
Uruguay 0.00 Jun/16
France -0.10 Jun/16
Mexico -0.20 Jun/16
Canada -0.40 Jun/16
Chile -0.40 Jun/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.60 Jun/16
Jamaica -0.60 Mar/16
Botswana -1.30 Jun/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16