US Output Gap
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%. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Federal Reserve Bank of St. Louis |
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
| 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%. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Federal Reserve Bank of St. Louis |
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 |