1. Hello Guest Click here to check FX Binary Point Financial Directory

United States GDP Growth Rate

Discussion in 'Market News' started by Jonathan, Oct 9, 2015.

  1. Jonathan

    Jonathan Forum Member

    Aug 29, 2015
    Likes Received:
    The United States economy expanded an annualized 3.9 percent on quarter in the three months to June of 2015, better than a 3.7 percent gain reported in the second estimate, due to higher consumer and construction spending. It is the highest growth rate in three quarters. GDP Growth Rate in the United States averaged 3.25 percent from 1947 until 2015, reaching an all time high of 16.90 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958. GDP Growth Rate in the United States is reported by the U.S. Bureau of Economic Analysis. On the expenditure side, personal consumption expenditures accounts for 68 percent of total GDP out of which purchases of goods constitute 23 percent and services 45 percent. Private investment accounts for 16 percent of GDP and government consumption and investment for 18 percent. As the value of goods exported (13.5 percent) is lower than the value of goods imported (16.5 percent), net exports subtracts 3 percent from the total GDP value. This page provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

    Continue reading...

Share This Page