United States GDP Annual Growth Rate

The Gross Domestic Product (GDP) in the United States expanded 2.60 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in the United States is reported by the U.S. Bureau of Economic Analysis. GDP Annual Growth Rate in the United States averaged 3.21 Percent from 1948 until 2013, reaching an all time high of 13.40 Percent in the fourth quarter of 1950 and a record low of -4.10 Percent in the second quarter of 2009. The United States is the world’s largest economy. Yet, in the last two decades, like in the case of many other developed nations, its growth rates have been decreasing. If in the 50’s and 60’s the average growth rate was above 4 percent, in the 70’s and 80’s dropped to around 3 percent. In the last ten years, the average rate has been below 2 percent and since the second quarter of 2000 has never reached the 5 percent level. This page provides - United States GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.60 2.00 13.40 -4.10 3.20 | 2014/06 1948 - 2013 Percent Quarterly

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United States GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-28 12:30 PM United States
GDP Growth Rate YoY Third Estimate
Q4 2012 1.7% (R) 2.6%
2013-04-26 01:30 PM United States
GDP Growth Rate YoY - Advance Estimate
Q1 2013 1.8% 1.7%
2013-05-30 01:30 PM United States
GDP Growth Rate YoY Second Est
Q1 2013 1.8% 1.7% 1.8% 1.8%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 2.60 2013-12-31 4.10 17.20 -10.40 3.60 2014-06-30 Percent [+]
GDP Annual Growth Rate 2.60 2013-12-31 2.00 13.40 -4.10 3.20 2014-06-30 Percent [+]
GDP Constant Prices 15942.30 2013-11-15 15839.30 15942.30 2082.50 16185.19 2014-06-30 USD Billion [+]
Gross Fixed Capital Formation 2511.20 2013-11-15 2494.00 2700.70 1215.60 2581.08 2014-06-30 USD Billion [+]
Gross National Product 16188.90 2013-11-15 16067.40 16188.90 2096.40 16403.20 2014-06-30 USD Billion [+]
GDP per capita 45336.00 2012-12-31 44439.00 45431.00 15565.00 46636.52 2014-06-30 USD [+]
GDP per capita PPP 45336.00 2012-12-31 44439.00 45431.00 25748.00 46636.52 2014-06-30 USD [+]
GDP 15684.80 2012-12-31 14991.30 15684.80 520.53 16706.83 2014-06-30 USD Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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The Thomson Reuters/University of Michigan's consumer sentiment index increased to a preliminary reading of 82.6 in April of 2014, up from March’s final 80.0. It is the highest level since July of 2013, as current conditions and expectations surged.
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