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U.S. Gross Domestic Product

Gross domestic product (GDP), the total market value of all goods and services produced, is one of the most important and widely-used economic measurements. GDP advance, second and third estimates are released each month by the U.S. Department of Commerce. The advance estimate for 3rd quarter 2020 GDP is 33.1%. U.S. GDP currently stands at $21.16 trillion. The second estimate for Q3-2020 will be released on November 25, 2020.

Recent Articles

U.S. Economy Steady But Slowing

January 31, 2020

Weak consumer spending and a huge decline in business investment held back the world's largest economy in the fourth quarter of 2019.

The U.S. economy expanded at a moderate 2.1% in the fourth quarter of 2019 as ever-narrowing increases in consumer spending, and a surge in government spending helped to offset a huge decline in business investment.

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U.S. Economy Still in the Slow Lane

April 28, 2018

Business investment remains sturdy but growth continues at a moderate pace as consumer spending falls to lowest level in five years.

The U.S. economy lurched toward the milestone $20 trillion mark as first quarter growth expanded at a modest 2.3 percent seasonally adjusted annualized rate, according to the advance estimate released Friday from the Commerce Department. 

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Fourth Quarter U.S. GDP Disappoints at 2.6%

January 26, 2018

U.S. economy sputters in the final quarter of 2017 even as business investment and exports rise.  Consumer spending still leads the way.

U.S. gross domestic product (GDP) increased at an annual rate of just 2.6 percent in the fourth quarter of 2017, according to the advance estimate released by the U.S. Commerce Department earlier today, well below the 3% to 4% figures that were forecast in many outlets.

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U.S. Economy Off to Rocky Start in 2017

April 29, 2017

The U.S. economy barely grew in the first quarter of 2017 as consumer spending, a key driver of economic growth, plunged to its lowest level since 2009.

The world's largest economy grew at a paltry 0.7% for the first three months of 2017, according to the advance estimate of U.S. gross domestic product (GDP) released yesterday by the Commerce Department. 

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Another Sluggish Quarter, Year for U.S. Growth

January 27, 2017

The last full quarter of GDP under President Obama grew 1.9% capping off another sluggish year in the slowest post-recession expansion since World War II.  "American's spoke loudly and clearly..."

U.S. Gross Domestic Product (GDP), the total value of all goods and services produced, increased at an annual rate of 1.9 percent in the fourth quarter of 2016, according to the advance estimate released yesterday by the U.S. Commerce Department.

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U.S. GDP Forecast for 2011 Revised Downward

April 21, 2011

JP Morgan and Macroeconomic Advisors have lowered their growth projections for the United States economy for 2011 to 1.4 and 1.7 percent respectively, according to information recently published in The Wall Street Journal.

In the final quarter of 2010, many popular economists jumped on the growth bandwagon by forecasting that the U.S. economy would grow even more in 2011 than the 2010 annual average of 2.78 percent.  The average growth forecast as documented by CreditPulse was 3.5 percent (see chart below).

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Fourth Quarter 2009 GDP Rises to 5.9 Percent

February 26, 2010

The U.S. economy grew by a whopping 5.9 percent at the end of 2009 in a volatile turnaround after beginning the year down 6.4 percent. Manufacturing rebounded significantly, but consumer spending remains low. U.S. GDP is $14.46 trillion.

The U.S. gross domestic product (GDP), the total value of all goods and services, reached its highest point in over six years to end 2009 at 5.9 percent, according to the second GDP quarterly estimate released earlier today by the U.S. Commerce Department.

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U.S. First Quarter GDP Declines 6.1 Percent, Consumer Spending Rises

April 29, 2009

The United States gross domestic product (GDP) declined for the third straight quarter for the first time since 1974-75.  U.S. GDP has declined 12.9 percent since the third quarter of 2008.

Real gross domestic product decreased at an annual rate of 6.1 percent in the first quarter of 2009, according to the advance estimate released earlier today by the U.S. Commerce Department.  GDP is the measure of all goods and services produced by labor and property located in the United States. 

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