US Output Gap (I:USPGDPG)
Level Chart
Basic Info
|
US Output Gap is at 13.65%, compared to 13.51% last quarter and 12.92% last year. This is higher than the long term average of 7.04%. |
|
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 | 13.65% |
| Latest Period | Dec 2024 |
| Last Updated | Feb 27 2025, 08:34 EST |
| Long Term Average | 7.04% |
| Average Growth Rate | 34.82% |
| Value from Last Quarter | 13.51% |
| Change from Last Quarter | 1.02% |
| Value from 1 Year Ago | 12.92% |
| Change from 1 Year Ago | 5.63% |
| Frequency | Quarterly |
| Unit | Percent of GDP |
| Adjustment | N/A |
| Formula | US GDP Gap * 100.00 / US Real Potential GDP |
Historical Data
| Date | Value |
|---|---|
| December 31, 2024 | 13.65% |
| September 30, 2024 | 13.51% |
| June 30, 2024 | 13.17% |
| March 31, 2024 | 12.86% |
| December 31, 2023 | 12.92% |
| September 30, 2023 | 12.55% |
| June 30, 2023 | 11.86% |
| March 31, 2023 | 11.68% |
| December 31, 2022 | 11.41% |
| September 30, 2022 | 10.99% |
| June 30, 2022 | 10.73% |
| March 31, 2022 | 11.14% |
| December 31, 2021 | 11.91% |
| September 30, 2021 | 10.38% |
| June 30, 2021 | 9.88% |
| March 31, 2021 | 8.57% |
| December 31, 2020 | 7.45% |
| September 30, 2020 | 6.65% |
| June 30, 2020 | -0.77% |
| March 31, 2020 | 8.25% |
| December 31, 2019 | 10.28% |
| September 30, 2019 | 10.03% |
| June 30, 2019 | 9.26% |
| March 31, 2019 | 8.85% |
| December 31, 2018 | 8.68% |
| Date | Value |
|---|---|
| September 30, 2018 | 9.02% |
| June 30, 2018 | 8.84% |
| March 31, 2018 | 8.75% |
| December 31, 2017 | 8.35% |
| September 30, 2017 | 7.60% |
| June 30, 2017 | 7.20% |
| March 31, 2017 | 7.03% |
| December 31, 2016 | 6.94% |
| September 30, 2016 | 6.77% |
| June 30, 2016 | 6.44% |
| March 31, 2016 | 6.54% |
| December 31, 2015 | 6.37% |
| September 30, 2015 | 6.62% |
| June 30, 2015 | 6.65% |
| March 31, 2015 | 6.45% |
| December 31, 2014 | 5.96% |
| September 30, 2014 | 5.88% |
| June 30, 2014 | 5.06% |
| March 31, 2014 | 4.16% |
| December 31, 2013 | 4.97% |
| September 30, 2013 | 4.50% |
| June 30, 2013 | 4.04% |
| March 31, 2013 | 4.19% |
| December 31, 2012 | 3.59% |
| September 30, 2012 | 3.89% |
News
Basic Info
|
US Output Gap is at 13.65%, compared to 13.51% last quarter and 12.92% last year. This is higher than the long term average of 7.04%. |
|
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 | 13.65% |
| Latest Period | Dec 2024 |
| Last Updated | Feb 27 2025, 08:34 EST |
| Long Term Average | 7.04% |
| Average Growth Rate | 34.82% |
| Value from Last Quarter | 13.51% |
| Change from Last Quarter | 1.02% |
| Value from 1 Year Ago | 12.92% |
| Change from 1 Year Ago | 5.63% |
| Frequency | Quarterly |
| Unit | Percent of GDP |
| Adjustment | N/A |
| Formula | US GDP Gap * 100.00 / US Real Potential GDP |