US Real GDP QoQ (I:USRGDPG)
Level Chart
Basic Info
|
US Real GDP QoQ is at 2.80%, compared to 3.00% last quarter and 4.40% last year. This is lower than the long term average of 3.20%. |
|
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. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Bureau of Economic Analysis |
Stats
| Last Value | 2.80% |
| Latest Period | Sep 2024 |
| Last Updated | Oct 30 2024, 08:53 EDT |
| Next Release | Nov 27 2024, 08:30 EST (R) |
| Long Term Average | 3.20% |
| Average Growth Rate | -75.37% |
| Value from Last Quarter | 3.00% |
| Change from Last Quarter | -6.67% |
| Value from 1 Year Ago | 4.40% |
| Change from 1 Year Ago | -36.36% |
| Frequency | Quarterly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| September 30, 2024 | 2.80% |
| June 30, 2024 | 3.00% |
| March 31, 2024 | 1.60% |
| December 31, 2023 | 3.20% |
| September 30, 2023 | 4.40% |
| June 30, 2023 | 2.40% |
| March 31, 2023 | 2.80% |
| December 31, 2022 | 3.40% |
| September 30, 2022 | 2.70% |
| June 30, 2022 | 0.30% |
| March 31, 2022 | -1.00% |
| December 31, 2021 | 7.40% |
| September 30, 2021 | 3.50% |
| June 30, 2021 | 6.40% |
| March 31, 2021 | 5.60% |
| December 31, 2020 | 4.40% |
| September 30, 2020 | 35.20% |
| June 30, 2020 | -28.10% |
| March 31, 2020 | -5.50% |
| December 31, 2019 | 2.80% |
| September 30, 2019 | 4.80% |
| June 30, 2019 | 3.40% |
| March 31, 2019 | 2.50% |
| December 31, 2018 | 0.60% |
| September 30, 2018 | 2.50% |
| Date | Value |
|---|---|
| June 30, 2018 | 2.10% |
| March 31, 2018 | 3.30% |
| December 31, 2017 | 4.60% |
| September 30, 2017 | 3.20% |
| June 30, 2017 | 2.30% |
| March 31, 2017 | 1.70% |
| December 31, 2016 | 2.00% |
| September 30, 2016 | 2.40% |
| June 30, 2016 | 1.20% |
| March 31, 2016 | 2.40% |
| December 31, 2015 | 0.60% |
| September 30, 2015 | 1.30% |
| June 30, 2015 | 2.30% |
| March 31, 2015 | 3.80% |
| December 31, 2014 | 2.30% |
| September 30, 2014 | 5.00% |
| June 30, 2014 | 5.50% |
| March 31, 2014 | -1.10% |
| December 31, 2013 | 3.20% |
| September 30, 2013 | 3.20% |
| June 30, 2013 | 0.50% |
| March 31, 2013 | 3.60% |
| December 31, 2012 | 0.50% |
| September 30, 2012 | 0.50% |
| June 30, 2012 | 1.70% |
News
Basic Info
|
US Real GDP QoQ is at 2.80%, compared to 3.00% last quarter and 4.40% last year. This is lower than the long term average of 3.20%. |
|
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. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Bureau of Economic Analysis |
Stats
| Last Value | 2.80% |
| Latest Period | Sep 2024 |
| Last Updated | Oct 30 2024, 08:53 EDT |
| Next Release | Nov 27 2024, 08:30 EST (R) |
| Long Term Average | 3.20% |
| Average Growth Rate | -75.37% |
| Value from Last Quarter | 3.00% |
| Change from Last Quarter | -6.67% |
| Value from 1 Year Ago | 4.40% |
| Change from 1 Year Ago | -36.36% |
| Frequency | Quarterly |
| Unit | Percent |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
Related Indicators
| US Economy |
| ADP Employment Change | 233000.0 |
| Effective Federal Funds Rate | 4.58% |
| US Durable Goods New Orders MoM | -0.78% |
| US Housing Starts MoM | -3.10% |
| US Index of Consumer Sentiment | 73.00 |
| US Inflation Rate | 2.60% |