US GDP growthUS GDP growthUS GDP growth

US GDP growth

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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


Category
GDP
Frequency
Annual
Units
%
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.