US Real GDP Growth:

-5.00% for Q1 2020
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US Real GDP Growth is at -5.00%, compared to 2.10% last quarter and 3.10% last year. This is lower than the long term average of 3.18%.

US Real GDP Growth is measured as the year over year change in the Gross Domestic Product in the US as adjusted for inflation. Gross Domestic Product is the total value of goods produced and services provided in a the US. Real GDP Growth is a vital indicator to analyze the health of the economy. Two quarters of consecutive negative real GDP growth officially signifies a recession. Additionally, GDP is used by the FOMC as a gauge to make their interest rate decisions. In the post World War II boom years, US Real GDP grew as high as 12.8% in a year, but in the late 20th century 0-5% growth was more the norm.

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Historical Data

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Data for this Date Range  
March 31, 2020 -5.00%
Dec. 31, 2019 2.10%
Sept. 30, 2019 2.10%
June 30, 2019 2.00%
March 31, 2019 3.10%
Dec. 31, 2018 1.10%
Sept. 30, 2018 2.90%
June 30, 2018 3.50%
March 31, 2018 2.50%
Dec. 31, 2017 3.50%
Sept. 30, 2017 3.20%
June 30, 2017 2.20%
March 31, 2017 2.30%
Dec. 31, 2016 2.00%
Sept. 30, 2016 2.20%
June 30, 2016 1.90%
March 31, 2016 2.00%
Dec. 31, 2015 0.10%
Sept. 30, 2015 1.30%
June 30, 2015 3.00%
March 31, 2015 3.20%
Dec. 31, 2014 2.30%
Sept. 30, 2014 5.00%
June 30, 2014 5.50%
March 31, 2014 -1.10%
   
Dec. 31, 2013 3.20%
Sept. 30, 2013 3.20%
June 30, 2013 0.50%
March 31, 2013 3.60%
Dec. 31, 2012 0.50%
Sept. 30, 2012 0.50%
June 30, 2012 1.70%
March 31, 2012 3.20%
Dec. 31, 2011 4.70%
Sept. 30, 2011 -0.10%
June 30, 2011 2.90%
March 31, 2011 -1.00%
Dec. 31, 2010 2.00%
Sept. 30, 2010 3.00%
June 30, 2010 3.70%
March 31, 2010 1.50%
Dec. 31, 2009 4.50%
Sept. 30, 2009 1.50%
June 30, 2009 -0.60%
March 31, 2009 -4.40%
Dec. 31, 2008 -8.40%
Sept. 30, 2008 -2.10%
June 30, 2008 2.10%
March 31, 2008 -2.30%
Dec. 31, 2007 2.50%

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Stats

Last Value -5.00%
Latest Period Mar 2020
Last Updated May 28 2020, 08:36 EDT
Next Release Jul 30 2020, 08:30 EDT
Long Term Average 3.18%
Value from 1 Year Ago 3.10%
Change from 1 Year Ago N/A
Frequency Quarterly
Unit Percent
Adjustment Seasonally Adjusted Annual Rate
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