United States GDP Growth Rate 1947-2017 | Data | Chart | Calendar

The US economy expanded an annualized 3.3 percent on quarter in the third quarter of 2017, above a preliminary 3 percent and higher than market expectations of 3.2 percent. The general picture of economic growth remains the same although upward revisions were reported for nonresidential fixed investment, state and local government spending, and private inventory investment. GDP Growth Rate in the United States averaged 3.22 percent from 1947 until 2017, 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.

United States GDP Growth Rate
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US GDP Growth Revised Up to 3.3% in Q3, Highest in 3 Years


The US economy expanded an annualized 3.3 percent on quarter in the third quarter of 2017, above an advance reading of 3 percent and higher than market expectations of 3.2 percent, the second estimate from the BEA showed. It is the highest growth rate since the third quarter of 2014 when the economy advanced 5.2 percent as nonresidential fixed investment, private inventory investment and government spending were revised up.

Personal consumption expenditure (PCE) contributed 1.6 percentage points to growth (1.62 percent in the advance estimate) and rose 2.3 percent (2.4 percent in the advance estimate). Spending slowed more than anticipated for nondurable goods (2 percent compared to 2.1 percent in the advance estimate) and rose less for durable goods (8.1 percent compared to 8.3 percent in the advance estimate). Services went up 1.5 percent, the same as in the advance estimate.

Fixed investment added 0.39 percentage points to growth (0.25 percentage points in the advance estimate) and increased 2.4 percent, compared to a 1.5 percent expansion in the advance estimate. Investment rose more for equipment (10.4 percent compared to 8.6 percent in the advance estimate) and intellectual property products (5.8 percent compared to 4.3 percent) and shrank less for residential (-5.1 percent compared to -6 percent). On the other hand, it fell more for structures (-6.8 percent compared to -5.2 percent).

Private inventories added 0.8 percentage points to growth, compared to 0.73 percent in the advance estimate.

Meanwhile, exports went up at a slower 2.2 percent (2.3 percent in the advance estimate) and imports shrank 1.1 percent, faster than a 0.8 percent drop in the advance estimate. As a result, the impact from trade was revised higher to 0.43 percent from 0.41 percent.

Government spending and investment added 0.07 percentage points to growth, compared to a drag of 0.02 percentage points. It increased 0.4 percent, compared to an initial estimate of a 0.1 percent fall.

BEA | Joana Taborda |
11/29/2017 1:59:58 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-28 12:30 PM GDP Growth Rate QoQ Final 3.1% 1.2% 3% 3%
2017-10-27 12:30 PM GDP Growth Rate QoQ Adv 3.0% 3.1% 3.3% 2.0%
2017-11-29 01:30 PM GDP Growth Rate QoQ 2nd Est 3.3% 3.1% 3.2% 3.2%
2017-12-21 01:30 PM GDP Growth Rate QoQ Final 3.1% 3.3% 3.3%
2018-01-27 01:30 PM GDP Growth Rate QoQ Adv
2018-02-28 01:30 PM GDP Growth Rate QoQ 2nd Est


United States GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.30 3.10 16.90 -10.00 percent [+]
GDP Annual Growth Rate 2.30 2.20 13.40 -4.10 percent [+]
GDP 18569.10 18036.65 18569.10 543.30 USD Billion [+]
GDP Constant Prices 17169.73 17031.09 17169.73 2084.60 USD Billion [+]
Gross National Product 17345.32 17198.04 17345.32 2098.40 USD Billion [+]
Gross Fixed Capital Formation 2915.57 2898.46 2915.57 1215.60 USD Billion [+]
GDP per capita 52194.90 51722.10 52194.90 17036.90 USD [+]
GDP per capita PPP 53272.50 52790.00 53272.50 36543.08 USD [+]
GDP From Agriculture 174.50 149.50 235.10 123.30 USD Billion [+]
GDP From Construction 818.60 810.40 818.60 528.70 USD Billion [+]
GDP From Manufacturing 2218.60 2208.50 2218.60 1679.40 USD Billion [+]
GDP From Mining 321.20 327.00 476.10 197.60 USD Billion [+]
GDP From Public Administration 2457.50 2439.40 2457.50 1705.00 USD Billion [+]
GDP From Services 13259.70 13092.20 13259.70 8469.60 USD Billion [+]
GDP From Transport 588.20 574.50 588.20 357.50 USD Billion [+]
GDP From Utilities 296.60 288.00 296.60 193.00 USD Billion [+]


United States GDP Growth Rate

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.10 16.90 -10.00 1947 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17