U.S. Q4 2019 GDP growth at 2.1% (QoQ), 3.9% (YoY); 2019 GDP growth at 4.1% (YoY)

U.S. GDP grew at 2.1% in Quarter 4 (Q4) 2019 (vs Q3 2019) and 3.9% (vs Q4 2018).

US Q4 2019 GDP quarter on quarter change

 

The increase in real GDP in Q4 reflected positive contributions from personal consumption expenditures (PCE), exports, residential fixed investment, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment and non-residential fixed investment.

US Q4 2019 GDP Year on Year change 5 year bar chart

Imports, which are a subtraction in the calculation of GDP, decreased. In Q4, a downturn in imports and an acceleration in government spending were offset by a larger decrease in private inventory investment and a slowdown in PCE.

US Q4 2019 GDP Gross Value Added

Current‑dollar GDP increased 3.5%, or $186.6 billion, in the fourth quarter to a level of $21.73 trillion.

Services as a percentage of total GDP hit an all-time high.

US Q4 2019 GDP Gross Value Added goods services structures

 

2019 GDP

2019 GDP growth was 4.1%, down from the spectacular growth rate of 5.4% in 2018.

US 2019 GDP annual growth chart

Related: 

UK Q4 2019 GDP growth at 0% (QoQ), 1.1% (YoY); 2019 growth at 1.4% (YoY)

European Union (EU) Q4 2019 GDP growth at 0.2% (QoQ), 1.2% (YoY), 2019 growth at 1.5% (YoY); Euro area (Eurozone) Q4 2019 GDP growth at 0.1% (QoQ), 1% (YoY), 2019 growth at 1.2% (YoY)

 

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