US Output Gap (I:USPGDPG)
Level Chart
Basic Info
|
US Output Gap is at 2.07%, compared to 2.08% last quarter and 2.18% last year. This is higher than the long term average of -0.13%. |
|
The US Output Gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output gap is Y–Y* where Y is actual output and Y* is potential output. If this calculation yields a positive number it is called an inflationary gap and indicates the growth of aggregate demand is outpacing the growth of aggregate supply—possibly creating inflation; if the calculation yields a negative number it is called a recessionary gap—possibly signifying deflation. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Federal Reserve Bank of St. Louis |
Stats
| Last Value | 2.07% |
| Latest Period | Jun 2026 |
| Last Updated | Sep 30 2026, 08:32 EDT |
| Long Term Average | -0.13% |
| Average Growth Rate | -115.7% |
| Value from Last Quarter | 2.08% |
| Change from Last Quarter | -0.61% |
| Value from 1 Year Ago | 2.18% |
| Change from 1 Year Ago | -4.79% |
| Frequency | Quarterly |
| Unit | Percent of GDP |
| Adjustment | N/A |
| Formula | US GDP Gap * 100.00 / US Real Potential GDP |
Historical Data
| Date | Value |
|---|---|
| June 30, 2026 | 2.07% |
| March 31, 2026 | 2.08% |
| December 31, 2025 | 2.03% |
| September 30, 2025 | 2.56% |
| June 30, 2025 | 2.18% |
| March 31, 2025 | 1.75% |
| December 31, 2024 | 2.29% |
| September 30, 2024 | 2.26% |
| June 30, 2024 | 2.06% |
| March 31, 2024 | 1.75% |
| December 31, 2023 | 1.97% |
| September 30, 2023 | 1.64% |
| June 30, 2023 | 1.09% |
| March 31, 2023 | 1.12% |
| December 31, 2022 | 0.85% |
| September 30, 2022 | 0.74% |
| June 30, 2022 | 0.62% |
| March 31, 2022 | 1.03% |
| December 31, 2021 | 1.83% |
| September 30, 2021 | 0.69% |
| June 30, 2021 | 0.43% |
| March 31, 2021 | -0.80% |
| December 31, 2020 | -1.81% |
| September 30, 2020 | -2.43% |
| June 30, 2020 | -9.02% |
| Date | Value |
|---|---|
| March 31, 2020 | -0.76% |
| December 31, 2019 | 1.07% |
| September 30, 2019 | 0.89% |
| June 30, 2019 | 0.25% |
| March 31, 2019 | -0.06% |
| December 31, 2018 | -0.15% |
| September 30, 2018 | 0.24% |
| June 30, 2018 | 0.14% |
| March 31, 2018 | 0.14% |
| December 31, 2017 | -0.16% |
| September 30, 2017 | -0.78% |
| June 30, 2017 | -1.07% |
| March 31, 2017 | -1.14% |
| December 31, 2016 | -1.15% |
| September 30, 2016 | -1.22% |
| June 30, 2016 | -1.43% |
| March 31, 2016 | -1.27% |
| December 31, 2015 | -1.35% |
| September 30, 2015 | -1.05% |
| June 30, 2015 | -0.95% |
| March 31, 2015 | -1.08% |
| December 31, 2014 | -1.48% |
| September 30, 2014 | -1.50% |
| June 30, 2014 | -2.21% |
| March 31, 2014 | -3.00% |
News
Basic Info
|
US Output Gap is at 2.07%, compared to 2.08% last quarter and 2.18% last year. This is higher than the long term average of -0.13%. |
|
The US Output Gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output gap is Y–Y* where Y is actual output and Y* is potential output. If this calculation yields a positive number it is called an inflationary gap and indicates the growth of aggregate demand is outpacing the growth of aggregate supply—possibly creating inflation; if the calculation yields a negative number it is called a recessionary gap—possibly signifying deflation. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Federal Reserve Bank of St. Louis |
Stats
| Last Value | 2.07% |
| Latest Period | Jun 2026 |
| Last Updated | Sep 30 2026, 08:32 EDT |
| Long Term Average | -0.13% |
| Average Growth Rate | -115.7% |
| Value from Last Quarter | 2.08% |
| Change from Last Quarter | -0.61% |
| Value from 1 Year Ago | 2.18% |
| Change from 1 Year Ago | -4.79% |
| Frequency | Quarterly |
| Unit | Percent of GDP |
| Adjustment | N/A |
| Formula | US GDP Gap * 100.00 / US Real Potential GDP |