United States GDP Growth Rate 1947-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in the United States expanded at a seasonally adjusted annual rate of 0.2 percent in the first quarter of 2015 over the previous quarter, according to the advance estimate. GDP Growth Rate in the United States averaged 3.27 Percent from 1947 until 2014, 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.

      Forecast
United States GDP Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.20 2.20 16.90 -10.00 1947 - 2015 percent Quarterly
The United States has one of the most diversified and most technologically advanced economies in the world. Finance, insurance, real estate, rental, leasing, health care, social assistance, professional, business and educational services account for more than 40 percent of GDP. Retail and wholesale trade creates another 12 percent of the wealth. The government related services fuel 13 percent of GDP. Utilities, transportation and warehousing and information account for 10 percent of the GDP. Manufacturing, mining, and construction constitute 17 percent of the output. Agriculture accounts for only 1.5 percent of the GDP, yet due to use of advance technologies, the United States is a net exporter of food. This page provides - United States Economy Expands 3.2% in Q4 - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United States GDP Growth Rate - was last refreshed on Thursday, May 28, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-27 01:30 PM Q4 2.2% 5.0% 2.1% 2.6%
2015-03-27 12:30 PM Q4 2.2% 5.0% 2.2% 2.4%
2015-04-29 01:30 PM Q1 0.2% 2.2% 1.0% 1.27%
2015-05-29 01:30 PM Q1 2.2% 0.2% 0.2%
2015-06-24 01:30 PM Q1
2015-07-30 01:30 PM Q2 3.07%


US Economy Expands Only 0.2% in Q1


The United States economy grew at an annual rate of 0.2 percent in the first quarter of 2015, according to the "advance" estimate. It was the weakest expansion since the first quarter of 2014 as business investment and exports slumped and consumption grew at a slower pace.

The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.

The price index for gross domestic purchases, which measures prices paid by U.S. residents, decreased 1.5 percent in the first quarter, compared with a decrease of 0.1 percent in the fourth. Excluding food and energy prices, the price index for gross domestic purchases increased 0.3 percent, compared with an increase of 0.7 percent.

Real personal consumption expenditures increased 1.9 percent in the first quarter, compared with an increase of 4.4 percent in the fourth.  Durable goods increased 1.1 percent, compared with an increase of 6.2 percent.  Nondurable goods decreased 0.3 percent, in contrast to an increase of 4.1 percent. Services increased 2.8 percent, compared with an increase of 4.3 percent.

Real nonresidential fixed investment decreased 3.4 percent in the first quarter, in contrast to an increase of 4.7 percent in the fourth.  Investment in nonresidential structures decreased 23.1 percent, in contrast to an increase of 5.9 percent. Investment in equipment increased 0.1 percent, compared with an increase of 0.6 percent.  Investment in intellectual property products increased 7.8 percent, compared with an increase of 10.3 percent. Real residential fixed investment increased 1.3 percent, compared with an increase of 3.8 percent.

Real exports of goods and services decreased 7.2 percent in the first quarter, in contrast to an increase of 4.5 percent in the fourth.  Real imports of goods and services increased 1.8 percent, compared with an increase of 10.4 percent.

Real federal government consumption expenditures and gross investment increased 0.3 percent in the first quarter, in contrast to a decrease of 7.3 percent in the fourth. National defense decreased 0.7 percent, compared with a decrease of 12.2 percent.  Nondefense increased 1.9 percent, compared with an increase of 1.5 percent. Real state and local government consumption expenditures and gross investment decreased 1.5 percent, in contrast to an increase of 1.6 percent.

The change in real private inventories added 0.74 percentage point to the first quarter change in real GDP after subtracting 0.10 percentage point from the fourth-quarter change. Private businesses increased inventories $110.3 billion in the first quarter, following increases of $80.0 billion in the fourth quarter and of $82.2 billion in the third.

US Bureau of Economic Analysis | anna@tradingeconomics.com
4/29/2015 2:13:23 PM


Recent Releases

US Economy Expands 2.2% in Q4
The United States economy advanced an annualized 2.2 percent in the fourth quarter of 2014, unrevised from last month's estimate. While increases in exports and in personal consumption expenditures were larger than previously estimated, the change in private inventories was smaller. Published on 2015-03-27

US GDP Growth Revised Down to 2.2%
The United States economy advanced an annualized 2.2 percent in the fourth quarter of 2014, according to the second estimate released by the Bureau of Economic Analysis. The new figure comes below a 2.6 percent advance estimate, due to lower fixed investment and higher imports. Published on 2015-02-27


United States GDP Last Previous Highest Lowest Unit
GDP 16768.10 16163.20 16768.10 543.30 USD Billion [+]
GDP Growth Rate 0.20 2.20 16.90 -10.00 percent [+]
GDP Annual Growth Rate 3.00 2.40 13.40 -4.10 percent [+]
GDP Constant Prices 16304.80 16294.70 16304.80 2084.60 USD Billion [+]
Gross National Product 16454.70 16399.30 16454.70 2098.40 USD Billion [+]
GDP per capita 45863.02 45341.73 45863.02 15469.07 USD [+]
Gross Fixed Capital Formation 2656.20 2672.80 2700.70 1215.60 USD Billion [+]
GDP per capita PPP 51450.74 50865.93 51450.74 36464.32 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]