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Annual Real Gross Domestic Product Growth Rate — 1930 through 2022. Following the end of World War II and the large adjustment as the economy adjusted from wartime to peacetime in 1945, the collection of many economic indicators, such as unemployment and gross domestic product (GDP) became standardized.
The economic history of the United States spans the ... in close quarters was the ideal settings for the ... 1815 at the rate of 3.7% a year, after accounting for ...
Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter.
By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.
The first quarter's GDP growth marked a sharp pullback from a strong 3.4% pace during the final three months of 2023. US economic growth for last quarter is revised up slightly to a 1.4% annual ...
For the year, the US economy grew at an annualized rate of 2.5%, up from 1.9% in 2022. The GDP release highlights the resilience of the US consumer despite ongoing concerns of a slowdown.
Democrats are in blue, Republicans are in red. The quarter in which a new president takes office is attributed to the incoming president. The computation is (GDP2/ GDP1)^(4/N) -1, where: GDP2 is the GDP for the president's last full quarter in office; GDP1 is the GDP for the last full quarter of the previous president; and N is the number of ...