US GDP QoQ (I:USGDPGAQ)
Level Chart
Basic Info
|
US GDP QoQ is at 4.70%, compared to 5.60% last quarter and 7.70% last year. This is lower than the long term average of 6.51%. |
|
US GDP Growth reflects the year over year percent change in US Gross Domestic Product (GDP), where US GDP is defined as the total value of goods produced and services provided in the US. The US GDP tracks the health in the US economy, however the US GDP Growth displays how the growth in the US economy compares against historical trends. GDP is used by the FOMC as a gauge to make their interest rate decisions. In the post World War II boom years, US GDP grew as high as 26.80% in a year, but by the late 20th century 2-7% nominal growth was more the norm. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Bureau of Economic Analysis |
Stats
| Last Value | 4.70% |
| Latest Period | Sep 2024 |
| Last Updated | Oct 30 2024, 08:32 EDT |
| Next Release | Nov 27 2024, 08:30 EST (R) |
| Long Term Average | 6.51% |
| Average Growth Rate | 11.80% |
| Value from Last Quarter | 5.60% |
| Change from Last Quarter | -16.07% |
| Value from 1 Year Ago | 7.70% |
| Change from 1 Year Ago | -38.96% |
| Frequency | Quarterly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| September 30, 2024 | 4.70% |
| June 30, 2024 | 5.60% |
| March 31, 2024 | 4.70% |
| December 31, 2023 | 4.80% |
| September 30, 2023 | 7.70% |
| June 30, 2023 | 4.30% |
| March 31, 2023 | 6.60% |
| December 31, 2022 | 7.20% |
| September 30, 2022 | 7.40% |
| June 30, 2022 | 9.70% |
| March 31, 2022 | 7.30% |
| December 31, 2021 | 15.10% |
| September 30, 2021 | 9.80% |
| June 30, 2021 | 13.20% |
| March 31, 2021 | 11.10% |
| December 31, 2020 | 7.30% |
| September 30, 2020 | 40.00% |
| June 30, 2020 | -29.10% |
| March 31, 2020 | -3.70% |
| December 31, 2019 | 4.00% |
| September 30, 2019 | 6.10% |
| June 30, 2019 | 5.50% |
| March 31, 2019 | 3.80% |
| December 31, 2018 | 2.30% |
| September 30, 2018 | 4.30% |
| Date | Value |
|---|---|
| June 30, 2018 | 5.10% |
| March 31, 2018 | 5.90% |
| December 31, 2017 | 7.20% |
| September 30, 2017 | 5.30% |
| June 30, 2017 | 3.30% |
| March 31, 2017 | 3.90% |
| December 31, 2016 | 4.20% |
| September 30, 2016 | 3.60% |
| June 30, 2016 | 4.10% |
| March 31, 2016 | 2.00% |
| December 31, 2015 | 0.50% |
| September 30, 2015 | 2.50% |
| June 30, 2015 | 4.60% |
| March 31, 2015 | 3.50% |
| December 31, 2014 | 2.90% |
| September 30, 2014 | 6.80% |
| June 30, 2014 | 7.90% |
| March 31, 2014 | 0.50% |
| December 31, 2013 | 5.70% |
| September 30, 2013 | 5.20% |
| June 30, 2013 | 1.70% |
| March 31, 2013 | 5.30% |
| December 31, 2012 | 2.50% |
| September 30, 2012 | 2.60% |
| June 30, 2012 | 3.30% |
News
Basic Info
|
US GDP QoQ is at 4.70%, compared to 5.60% last quarter and 7.70% last year. This is lower than the long term average of 6.51%. |
|
US GDP Growth reflects the year over year percent change in US Gross Domestic Product (GDP), where US GDP is defined as the total value of goods produced and services provided in the US. The US GDP tracks the health in the US economy, however the US GDP Growth displays how the growth in the US economy compares against historical trends. GDP is used by the FOMC as a gauge to make their interest rate decisions. In the post World War II boom years, US GDP grew as high as 26.80% in a year, but by the late 20th century 2-7% nominal growth was more the norm. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Bureau of Economic Analysis |
Stats
| Last Value | 4.70% |
| Latest Period | Sep 2024 |
| Last Updated | Oct 30 2024, 08:32 EDT |
| Next Release | Nov 27 2024, 08:30 EST (R) |
| Long Term Average | 6.51% |
| Average Growth Rate | 11.80% |
| Value from Last Quarter | 5.60% |
| Change from Last Quarter | -16.07% |
| Value from 1 Year Ago | 7.70% |
| Change from 1 Year Ago | -38.96% |
| Frequency | Quarterly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
Related Indicators
| US Economy |
| ADP Employment Change | 233000.0 |
| Effective Federal Funds Rate | 4.83% |
| US Durable Goods New Orders MoM | -0.78% |
| US Housing Starts MoM | -0.51% |
| US Index of Consumer Sentiment | 70.50 |
| US Inflation Rate | 2.44% |
| US Initial Claims for Unemployment Insurance | 216000.0 |
| US ISM Manufacturing PMI | 46.50 |
| US Real GDP QoQ | 2.80% |
| US Retail and Food Services Sales MoM | 0.43% |
| US Unemployment Rate | 4.10% |