The Gross Domestic
Product (GDP) in the United States expanded at an annual rate of 2.60 percent
in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in the
United States is reported by the U.S. Bureau of Economic Analysis. GDP Growth Rate
in the United States averaged 3.24 Percent from 1947 until 2013, reaching an
all time high of 17.20 Percent in the first quarter of 1950 and a record low of
-10.40 Percent in the first quarter of 1958. The United States has one of the
most diversified and most technologically advanced economies in the world.
Finance, insurance, real estate, rental, leasing, health care, social
assistance, professional, business and educational services account for more
than 40 percent of GDP. Retail and wholesale trade creates another 12 percent
of the wealth. The government related services fuel 13 percent of GDP.
Utilities, transportation and warehousing and information account for 10
percent of the GDP. Manufacturing, mining, and construction constitute 17
percent of the output. Agriculture accounts for only 1.5 percent of the GDP,
yet due to use of advance technologies, the United States is a net exporter of
food. This page provides - United States Economy Expands 3.2% in Q4 - actual
values, historical data, forecast, chart, statistics, economic calendar and
news.
