United States GDP Growth (1961-2023)
The U.S. economy has had cyclical expansions and contractions, with strong growth in the 1960s and 1980s. The 2008 financial crisis led to a -2.6% contraction in 2009, but recovery was steady through the 2010s. COVID-19 caused a -2.2% contraction in 2020, followed by a robust 5.8% recovery in 2021. By 2023, growth had moderated to 2.5%, driven by consumer demand but impacted by inflation and interest rate adjustments.
Find out more through related statistics on United States unemployment rate, US annual GDP figures, US net financial position as a percentage of GDP.
