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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%
English: Annualized real GDP growth rates under U.S. presidents from Eisenhower to Biden, sorted by growth rate. Data source: U.S. Bureau of Economic Analysis quarterly data through the first quarter of 2023. Democrats are in blue, Republicans are in red. The quarter in which a new president takes office is attributed to the incoming president.
GDP growth was lowest under Trump and Obama.Benzinga's Take: The stock market is a leading economic indicator, and the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 19.8% in the last six months.That ...
Trump presided over the slowest economic growth of any U.S. president since the Second World War, partly due to the COVID-19 pandemic that triggered a brief recession and a 2.2% decline in real GDP growth in his last year. [239] [240] Prior to the pandemic, real GDP growth averaged 2.7% during the first three years of the Trump presidency. [241]
U.S. gross domestic product grew by 6.5% in the second quarter, up slightly from earlier in the year but falling short of estimates. See: What Is the GDP -- and What Do You Need to Know About It?...
The U.S. economy grew at an annualized rate of 1.3% in the first quarter of 2024, marking a downward revision from the advance estimate of 1.6%. This represents the slowest growth rate since the ...
Real GDP grew nearly 3% during President Bush's first term but only 0.5% during his second. During the Clinton administration, the GDP growth was close to 4%, slightly faster than the Reagan administration. [122] Real GDP rose from $14.4 trillion in Q1 2009 to $16.8 trillion in Q4 2016, a cumulative increase of $2.4 trillion or 16.6%. [123]
U.S. cumulative real (inflation-adjusted) GDP growth by President. [44] The poverty rate declined from 15.1% in 1993 to 11.9% in 1999. The number in poverty fell from 39.2 million in 1993 to 32.8 million in 1999, a decline of 6.4 million.