Full Year GDP Growth in the United States decreased to -3.40 percent in 2020 from 2.30 percent in 2019. Full Year GDP Growth in the United States averaged 3.13 percent from 1950 until 2020, reaching an all time high of 8.70 percent in 1950 and a record low of -3.40 percent in 2020. On the expenditure side, personal consumption expenditures accounts for 68 percent of total GDP out of which purchases of goods constitute 23 percent and services 45 percent. Private investment accounts for 16 percent of GDP and government consumption and investment for 18 percent. As the value of goods exported (13.5 percent) is lower than the value of goods imported (16.5 percent), net exports subtracts 3 percent from the total GDP value.
source: tradingeconomics.com
