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United States GDP Growth Rate (YoY)

The United States GDP growth rate year-over-year was 2% in Q1 2025 and increased to 2.1% in Q2 2025. This expansion was driven by a 2.5% rise in personal consumption expenditures and a notable decrease in imports. Investment and exports declined, partially offsetting the growth. Underlying economic momentum was steady, indicated by a rise in final sales to private domestic purchasers. United States' record low GDP growth rate was -7.5% in Q2 2020 and record high was 13.4% in Q4 1950.

Quarterly Historical Data (1948-2025)

(in %)
Quarter GDP Growth Rate (YoY)
Q2 2025 2.1%
Q1 2025 2%
Q4 2024 2.5%
Q3 2024 2.7%
Q2 2024 3%
Q1 2024 2.9%
Q4 2023 3.2%
Q3 2023 3.2%
Q2 2023 2.8%
Q1 2023 2.3%
Q4 2022 1.3%
Q3 2022 2.3%
Q2 2022 2.5%
Q1 2022 4%
Q4 2021 5.7%
Q3 2021 5%
Q2 2021 12.2%
Q1 2021 1.8%
Q4 2020 -1%
Q3 2020 -1.4%
Q2 2020 -7.5%
Q1 2020 1.3%
Q4 2019 3.4%
Q3 2019 2.8%
Q2 2019 2.2%
Q1 2019 1.9%
Q4 2018 2.1%
Q3 2018 3.1%
Q2 2018 3.3%
Q1 2018 3.3%
Q4 2017 3%
Q3 2017 2.4%
Q2 2017 2.3%
Q1 2017 2.1%
Q4 2016 2.2%
Q3 2016 1.8%
Q2 2016 1.5%
Q1 2016 1.8%
Q4 2015 2.1%
Q3 2015 2.4%
Q2 2015 3.3%
Q1 2015 4%
Q4 2014 2.7%
Q3 2014 3.1%
Q2 2014 2.7%
Q1 2014 1.7%
Q4 2013 3%
Q3 2013 2.2%
Q2 2013 1.5%
Q1 2013 1.7%
Q4 2012 1.6%
Q3 2012 2.6%
Q2 2012 2.4%
Q1 2012 2.6%
Q4 2011 1.5%
Q3 2011 0.9%
Q2 2011 1.7%
Q1 2011 2%
Q4 2010 2.8%
Q3 2010 3.3%
Q2 2010 2.9%
Q1 2010 1.7%
Q4 2009 0.1%
Q3 2009 -3.1%
Q2 2009 -4%
Q1 2009 -3.2%
Q4 2008 -2.5%
Q3 2008 0.3%
Q2 2008 1.4%
Q1 2008 1.4%
Q4 2007 2.1%
Q3 2007 2.4%
Q2 2007 1.9%
Q1 2007 1.6%
Q4 2006 2.6%
Q3 2006 2.3%
Q2 2006 3%
Q1 2006 3.2%
Q4 2005 3%
Q3 2005 3.4%
Q2 2005 3.6%
Q1 2005 3.9%
Q4 2004 3.4%
Q3 2004 3.5%
Q2 2004 4.2%
Q1 2004 4.3%
Q4 2003 4.3%
Q3 2003 3.2%
Q2 2003 2%
Q1 2003 1.7%
Q4 2002 2%
Q3 2002 2.1%
Q2 2002 1.3%
Q1 2002 1.3%
Q4 2001 0.2%
Q3 2001 0.5%
Q2 2001 1%
Q1 2001 2.2%
Q4 2000 2.9%
Q3 2000 4%
Q2 2000 5.2%
Q1 2000 4.2%
Q4 1999 4.8%
Q3 1999 4.8%
Q2 1999 4.7%
Q1 1999 4.8%
Q4 1998 4.9%
Q3 1998 4.1%
Q2 1998 4.1%
Q1 1998 4.9%
Q4 1997 4.5%
Q3 1997 4.7%
Q2 1997 4.3%
Q1 1997 4.3%
Q4 1996 4.4%
Q3 1996 4.1%
Q2 1996 4%
Q1 1996 2.6%
Q4 1995 2.2%
Q3 1995 2.7%
Q2 1995 2.4%
Q1 1995 3.5%
Q4 1994 4.1%
Q3 1994 4.3%
Q2 1994 4.2%
Q1 1994 3.4%
Q4 1993 2.6%
Q3 1993 2.3%
Q2 1993 2.8%
Q1 1993 3.3%
Q4 1992 4.4%
Q3 1992 3.7%
Q2 1992 3.2%
Q1 1992 2.9%
Q4 1991 1.2%
Q3 1991 -0.1%
Q2 1991 -0.5%
Q1 1991 -1%
Q4 1990 0.6%
Q3 1990 1.7%
Q2 1990 2.4%
Q1 1990 2.8%
Q4 1989 2.7%
Q3 1989 3.9%
Q2 1989 3.7%
Q1 1989 4.3%
Q4 1988 3.8%
Q3 1988 4.2%
Q2 1988 4.5%
Q1 1988 4.2%
Q4 1987 4.5%
Q3 1987 3.3%
Q2 1987 3.4%
Q1 1987 2.7%
Q4 1986 2.9%
Q3 1986 3.1%
Q2 1986 3.7%
Q1 1986 4.1%
Q4 1985 4.2%
Q3 1985 4.3%
Q2 1985 3.7%
Q1 1985 4.6%
Q4 1984 5.6%
Q3 1984 6.9%
Q2 1984 8%
Q1 1984 8.6%
Q4 1983 7.9%
Q3 1983 5.7%
Q2 1983 3.3%
Q1 1983 1.4%
Q4 1982 -1.4%
Q3 1982 -2.6%
Q2 1982 -1%
Q1 1982 -2.2%
Q4 1981 1.3%
Q3 1981 4.3%
Q2 1981 3%
Q1 1981 1.6%
Q4 1980 0%
Q3 1980 -1.6%
Q2 1980 -0.8%
Q1 1980 1.4%
Q4 1979 1.3%
Q3 1979 2.4%
Q2 1979 2.7%
Q1 1979 6.5%
Q4 1978 6.7%
Q3 1978 5.2%
Q2 1978 6.1%
Q1 1978 4.1%
Q4 1977 5%
Q3 1977 5.8%
Q2 1977 4.5%
Q1 1977 3.2%
Q4 1976 4.3%
Q3 1976 5%
Q2 1976 6.2%
Q1 1976 6.2%
Q4 1975 2.6%
Q3 1975 0.8%
Q2 1975 -1.8%
Q1 1975 -2.3%
Q4 1974 -1.9%
Q3 1974 -0.6%
Q2 1974 -0.2%
Q1 1974 0.6%
Q4 1973 4%
Q3 1973 4.8%
Q2 1973 6.3%
Q1 1973 7.6%
Q4 1972 6.9%
Q3 1972 5.4%
Q2 1972 5.2%
Q1 1972 3.5%
Q4 1971 4.4%
Q3 1971 3%
Q2 1971 3.1%
Q1 1971 2.7%
Q4 1970 -0.2%
Q3 1970 0.4%
Q2 1970 0.2%
Q1 1970 0.3%
Q4 1969 2%
Q3 1969 2.9%
Q2 1969 3.1%
Q1 1969 4.5%
Q4 1968 5%
Q3 1968 5.3%
Q2 1968 5.5%
Q1 1968 3.8%
Q4 1967 2.7%
Q3 1967 2.7%
Q2 1967 2.6%
Q1 1967 2.9%
Q4 1966 4.5%
Q3 1966 6%
Q2 1966 7.5%
Q1 1966 8.5%
Q4 1965 8.5%
Q3 1965 6.4%
Q2 1965 5.7%
Q1 1965 5.5%
Q4 1964 5.2%
Q3 1964 5.5%
Q2 1964 6.2%
Q1 1964 6.2%
Q4 1963 5.2%
Q3 1963 4.8%
Q2 1963 3.8%
Q1 1963 3.6%
Q4 1962 4.3%
Q3 1962 6%
Q2 1962 6.7%
Q1 1962 7.6%
Q4 1961 6.4%
Q3 1961 3%
Q2 1961 1.6%
Q1 1961 -0.7%
Q4 1960 0.9%
Q3 1960 2.5%
Q2 1960 2.1%
Q1 1960 4.9%
Q4 1959 4.6%
Q3 1959 6.7%
Q2 1959 9.1%
Q1 1959 7.4%
Q4 1958 2.7%
Q3 1958 -0.7%
Q2 1958 -2%
Q1 1958 -2.9%
Q4 1957 0.4%
Q3 1957 3.1%
Q2 1957 2%
Q1 1957 3.1%
Q4 1956 2%
Q3 1956 0.9%
Q2 1956 2.4%
Q1 1956 3.2%
Q4 1955 6.6%
Q3 1955 8%
Q2 1955 7.8%
Q1 1955 6.2%
Q4 1954 2.7%
Q3 1954 -0.8%
Q2 1954 -2.4%
Q1 1954 -1.8%
Q4 1953 0.5%
Q3 1953 5.4%
Q2 1953 6.8%
Q1 1953 6.2%
Q4 1952 5.4%
Q3 1952 2.2%
Q2 1952 3.6%
Q1 1952 5.2%
Q4 1951 5.5%
Q3 1951 7.3%
Q2 1951 9.2%
Q1 1951 10.6%
Q4 1950 13.4%
Q3 1950 10.3%
Q2 1950 7.3%
Q1 1950 3.8%
Q4 1949 -1.5%
Q3 1949 -0.6%
Q2 1949 -1%
Q1 1949 0.9%
Q4 1948 3.9%
Q3 1948 5.4%
Q2 1948 4.6%
Q1 1948 2.6%
United States GDP Growth Rate (YoY) : Definition
The United States year-on-year GDP Growth Rate (YoY) measures the percentage change in total economic output from one quarter to the same quarter in the prior year. It is calculated by comparing the current quarter's Gross Domestic Product (GDP) value against the GDP value from one year earlier. Key inputs include consumer spending, business investment, government expenditures and net exports.
Indicator Last Value Prior Value Period
GDP $29.18T $27.72T 2024
GDP Annual Growth Rate 2.8% 2.89% 2024
GDP Growth Rate (QoQ) 3.8% -0.6% Jun'25
GDP per Capita $66,682.61 $65,505.26 2024
GDP per Capita PPP $75,491.61 $74,158.72 2024
R&D Expenditure (% GDP) 3.59% 3.48% 2022
Real GDP $22.68T $22.06T 2024