Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
8.70 % on Dec 31, 1950
Lowest
−2.60 % on Dec 31, 2009
About US GDP growth
In the US, on the expenditure side, personal consumption expenditures account 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 subtract 3 percent from the total GDP value.