United States GDP Growth Rate 2013-2016(VIDEO)

source money.cnn.com

The US economy expanded an annualized 0.7 percent on quarter in the last three months of 2015, lower than a 2 percent expansion in the previous period and slightly below market expectations of 0.8 percent, according to the advanced estimate released by the Bureau of Economic Analysis. The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures (PCE), residential fixed investment, and federal government spending that were partly offset by negative contributions from private inventory investment, exports, and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased. GDP Growth Rate in the United States averaged 3.24 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.

http://www.tradingeconomics.com/united-states/gdp-growth

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