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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%
This is a list of U.S. states and territories by economic growth rate.This article includes a list of the 50 U.S. states, the District of Columbia, and the 5 inhabited U.S. territories sorted by economic growth — the percentage change in real GDP for the third quarter of 2023 is listed (for the 50 states and District of Columbia), using the most recent data available from the U.S. Bureau of ...
United States real quarterly GDP (annualized) U.S. cumulative real (inflation-adjusted) GDP growth by US president (from Reagan to Obama) [137] Private sector workers earnings compared to GDP Private sector workers made ~$2 trillion or about 29.6% of all money earned in Q3 2023 (before taxes)
Growth has topped 2% for eight of the last nine quarters. Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through ...
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.
US GDP revised down in every first quarter from 2020 to 2022. Lucia Mutikani. September 28, 2023 at 8:38 AM ... For the full year, economic growth was lowered by 0.2 percentage point to 1.9%, the ...
What growth occurred was unevenly distributed; roughly half of GDP growth from 2009 to 2015 went to the top 1% of households. [16] Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018.
The reading came in lower than third quarter GDP, which was revised down to 4.9%. For the year, the US economy grew at an annualized rate of 2.5%, up from 1.9% in 2022.