Level Chart

Basic Info

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.

US Output Gap is at 1.14%, compared to 0.87% last quarter and 1.95% last year. This is higher than the long term average of -0.63%.

Stats

Last Value 1.14%
Latest Period Dec 2022
Last Updated Jan 26 2023, 08:31 EST
Next Release
Long Term Average -0.63%
Average Growth Rate 216.7%
Value from Last Quarter 0.87%
Change from Last Quarter 31.33%
Value from 1 Year Ago 1.95%
Change from 1 Year Ago -41.39%
Frequency Quarterly
Unit Percent of GDP
Adjustment N/A
Formula US GDP Gap * 100.00 / US Real Potential GDP

Historical Data

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Date Value
December 31, 2022 1.14%
September 30, 2022 0.87%
June 30, 2022 0.51%
March 31, 2022 1.09%
December 31, 2021 1.95%
September 30, 2021 0.67%
June 30, 2021 0.40%
March 31, 2021 -0.93%
December 31, 2020 -2.10%
September 30, 2020 -2.72%
June 30, 2020 -9.50%
March 31, 2020 -0.66%
December 31, 2019 0.98%
September 30, 2019 0.99%
June 30, 2019 0.56%
March 31, 2019 0.35%
December 31, 2018 0.27%
September 30, 2018 0.55%
June 30, 2018 0.28%
March 31, 2018 0.04%
December 31, 2017 -0.22%
September 30, 2017 -0.79%
June 30, 2017 -1.20%
March 31, 2017 -1.30%
December 31, 2016 -1.33%
Date Value
September 30, 2016 -1.42%
June 30, 2016 -1.62%
March 31, 2016 -1.52%
December 31, 2015 -1.68%
September 30, 2015 -1.41%
June 30, 2015 -1.31%
March 31, 2015 -1.31%
December 31, 2014 -1.82%
September 30, 2014 -1.94%
June 30, 2014 -2.71%
March 31, 2014 -3.59%
December 31, 2013 -2.91%
September 30, 2013 -3.28%
June 30, 2013 -3.63%
March 31, 2013 -3.35%
December 31, 2012 -3.82%
September 30, 2012 -3.54%
June 30, 2012 -3.29%
March 31, 2012 -3.34%
December 31, 2011 -3.73%
September 30, 2011 -4.48%
June 30, 2011 -4.11%
March 31, 2011 -4.46%
December 31, 2010 -3.92%
September 30, 2010 -4.09%

Basic Info

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.

US Output Gap is at 1.14%, compared to 0.87% last quarter and 1.95% last year. This is higher than the long term average of -0.63%.

Stats

Last Value 1.14%
Latest Period Dec 2022
Last Updated Jan 26 2023, 08:31 EST
Next Release
Long Term Average -0.63%
Average Growth Rate 216.7%
Value from Last Quarter 0.87%
Change from Last Quarter 31.33%
Value from 1 Year Ago 1.95%
Change from 1 Year Ago -41.39%
Frequency Quarterly
Unit Percent of GDP
Adjustment N/A
Formula US GDP Gap * 100.00 / US Real Potential GDP