GDP Growth

Extracted Attributes

• Definition

  An increase in the quantity and quality of economic goods and services that a society produces.

• Key Drivers

  Innovation, investment, energy policy, fiscal policy, industrial strategy, consumer spending, exports, government spending.

• Key Impacts

  Fiscal health, societal prosperity.

• Types of Growth

  Intensive growth (more efficient use of inputs/increased productivity), Extensive growth (increases in amount of inputs available/increased population).

• Other Measurements

  Real GDP per capita growth rate, GNI per capita growth.

• Primary Measurement

  Real Gross Domestic Product (GDP) growth rate.

• US Record Low Growth Rate

  -28.10% in Q2 2020.

• US All-Time High Growth Rate

  35.20% in Q3 2020.

• US Projected Growth Rate (2026)

  2.00%

• US Average Growth Rate (1947-2025)

  3.19%

• Global Projected Average Growth Rate (2020s)

  2.5% (slowest pace since 1960s).

• US Projected Growth Rate (End of Current Quarter)

  3.50%

Timeline

• The United States GDP Growth Rate averaged 3.19% from 1947 until 2025. (Source: Trading Economics)

  1947-01-01

• About 60% of consumer spending in the U.S. went on goods and services that did not exist in 1869. (Source: Wikipedia)

  2013-XX-XX

• The United States GDP Growth Rate reached a record low of -28.10% in the second quarter of 2020. (Source: Trading Economics)

  2020-06-30

• The United States GDP Growth Rate reached an all-time high of 35.20% in the third quarter of 2020. (Source: Trading Economics)

  2020-09-30

• Real GDP in the United States increased 2.4% in the fourth quarter of 2024. (Source: U.S. Bureau of Economic Analysis (BEA))

  2024-12-31

• Real GDP in the United States contracted 0.5% in the first quarter of 2025. (Source: U.S. Bureau of Economic Analysis (BEA), Trading Economics)

  2025-03-31

• The United States GDP Growth Rate is expected to be 3.50% by the end of the current quarter. (Source: Trading Economics)

  2025-06-30

• The United States GDP Growth Rate is projected to trend around 2.00% in 2026. (Source: Trading Economics)

  2026-12-31

• Global GDP growth is expected to average just 2.5% in the 2020s, the slowest pace of any decade since the 1960s. (Source: World Bank)

  2029-12-31

Economic growth

In economics, economic growth is an increase in the quantity and quality of the economic goods and services that a society produces. It can be measured as the increase in the inflation-adjusted output of an economy in a given year or over a period of time. The rate of growth is typically calculated as real gross domestic product (GDP) growth rate, real GDP per capita growth rate or GNI per capita growth. The "rate" of economic growth refers to the geometric annual rate of growth in GDP or GDP per capita between the first and the last year over a period of time. This growth rate represents the trend in the average level of GDP over the period, and ignores any fluctuations in the GDP around this trend. Growth is usually calculated in "real" value, which is inflation-adjusted, to eliminate the distorting effect of inflation on the prices of goods produced. Real GDP per capita is the GDP of the entire country divided by the number of people in the country. Measurement of economic growth uses national income accounting. Economists refer to economic growth caused by more efficient use of inputs (increased productivity of labor, of physical capital, of energy or of materials) as intensive growth. In contrast, economic growth caused only by increases in the amount of inputs available for use (increased population, for example, or new territory) counts as extensive growth. Innovation also generates economic growth. In the U.S. about 60% of consumer spending in 2013 went on goods and services that did not exist in 1869.

Web Search Results

• United States GDP Growth Rate - Trading Economics

  The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first quarter of 2025 over the previous quarter. GDP Growth Rate in the United States averaged 3.19 percent from 1947 until 2025, reaching an all time high of 35.20 percent in the third quarter of 2020 and a record low of -28.10 percent in the second quarter of 2020. This page provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term [...] ### The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first quarter of 2025 over the previous quarter. GDP Growth Rate in the United States is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States GDP Growth Rate is projected to trend around 2.00 percent in 2026, according to our econometric models. % 3Y5Y10YMAX Export API OK [...] GDP Annual Growth Rate GDP Constant Prices GDP from Agriculture GDP from Construction GDP from Manufacturing GDP from Mining GDP from Public Administration GDP from Services GDP from Transport GDP from Utilities GDP Growth Contribution Consumer Spending GDP Growth Contribution Exports GDP Growth Contribution Government GDP Growth Contribution Imports GDP Growth Contribution Investment GDP Growth Rate GDP per Capita GDP per Capita PPP GDP Sales Gross Fixed Capital Formation

• List of countries by real GDP growth rate - Wikipedia

  | Country | Rate [%] | | --- | --- | | Image 5Afghanistan | | | Image 6Albania | 3.8 | | Image 7Algeria | 3.5 | | Image 8Andorra | 1.9 | | Image 9Angola | 2.4 | | Image 10Antigua and Barbuda | 3.0 | | Image 11Argentina | 5.5 | | Image 12Armenia | 4.5 | | Image 13Aruba | 2.2 | | Image 14Australia | 1.6 | | Image 15Austria | −0.3 | | Image 16Azerbaijan | 3.5 | | Image 17Bahamas | 1.8 | | Image 18Bahrain | 2.8 | | Image 19Bangladesh | 3.8 | | Image 20Barbados | 3.0 | | Image 21Belarus | 2.8 | [...] Real GDP growth rate (%) | Country | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Avg. | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Afghanistan | 5.683 | 2.697 | 0.988 | 2.164 | 2.647 | 1.189 | 3.912 | −2.351 | −14.542 | −6.240 | n/a | −0.385 | | Albania | 1.002 | 1.774 | 2.219 | 3.315 | 3.802 | 4.019 | 2.088 | −3.302 | 8.909 | 4.884 | 3.297 | 2.906 | [...] | Region | Rate | | --- | --- | | Africa | 3.2 | | Asia and Oceania | 4.4 | | Australia and New Zealand | 1.7 | | Caribbean | 9.8 | | Central America | 3.8 | | Central Asia and the Caucasus | 4.1 | | East Asia | 4.2 | | Eastern Europe | 1.6 | | Europe | 1.0 | | Middle East | 1.6 | | North Africa | 4.2 | | North America | 2.1 | | Pacific Islands | 4.2 | | South America | 5.6 | | South Asia | 5.4 | | Southeast Asia | 4.2 | | Sub-Saharan Africa | 2.7 | | Western Europe | 0.7 |

• Global Economic Prospects - World Bank

  International discord—particularly over trade—has upended many of the policy certainties that helped shrink extreme poverty and expand prosperity after the end of World War II, says World Bank Group Chief Economist and Senior Vice President Indermit Gill in his Foreword. Global growth this year is expected to be the weakest in 17 years, outside of outright recessions. By 2027, global GDP growth is expected to average just 2.5 percent in the 2020s—the slowest pace of any decade since the 1960s. [...] Executive SummaryFull Report On selection, leaving this page More Downloads Foreword GDP growth data Report charts Press release Report archives Image 3: Image Download the June issue ------------------------------------------------------------------------------------------------------------------------------------------------

• Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

  Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2024, real GDP increased 2.4 percent. The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset [...] Q1 2025 (3rd)-0.5% Q4 2024+2.4% [...] by increases in investment and consumer spending.

• GDP growth (annual %) - World Bank Data

  GDP growth (annual %) | Data =============== Image 1: The World BankData HOME ECONOMIES DATA & RESOURCES ABOUT GDP growth (annual %) Close Browse World Development Indicators byCountryorIndicator Joint External Debt Hub Open Data Toolkit Quarterly External Debt Statistics Products World Development Indicators International Debt Statistics Other Books and Reports Country & Lending Groups Data Portals and Tools [...] Development Goals Terms of Use For Developers GDP growth (annual %) ===================== Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development ( OECD ); Staff estimates, World Bank ( WB ) [...] 2023 2.5 Fiji 2024 3.8 Finland 2024 -0.2 France 2024 1.2 French Polynesia 2023 3.0 Gabon 2024 3.4 Gambia, The 2024 5.7 Georgia 2024 9.4 Germany 2024 -0.2 Ghana 2024 5.7 Gibraltar Greece 2024 2.3 Greenland 2023 0.9 Grenada 2024 3.7 Guam 2022 5.1 Guatemala 2024 3.7 Guinea 2024 5.7 Guinea-Bissau 2024 4.8 Guyana 2024 43.4 Haiti 2024 -4.2 Honduras 2024 3.6 Hong Kong SAR, China 2024 2.5 Hungary 2024 0.5 Iceland 2024 0.5 India 2024