The US economy expanded 3% year-on-year in the first quarter of 2024, slightly below 3.1% in the last three months of 2023. GDP Annual Growth Rate in the United States averaged 3.15 percent from 1948 until 2024, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -7.50 percent in the second quarter of 2020. source: U.S. Bureau of Economic Analysis
The Gross Domestic Product (GDP) in the United States expanded 3 percent in the first quarter of 2024 over the same quarter of the previous year.
The Gross Domestic Product (GDP) in the United States expanded 3 percent in the first quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in the United States is expected to be 1.80 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 Annual Growth Rate is projected to trend around 1.10 percent in 2025, according to our econometric models.