09/04/2018
U.S. GDP
GDP, gross domestic product, is revised not just twice for each quarter, but then every few quarters you get a broader revision on past one’s going years back. It’s simply a matter of past statistics becoming more accurate over time as data flows in.
So, after the most recent revision on second-quarter GDP, about a week ago, from 4.1% to 4.2% (annualized), I thought I would post the quarterly GDP rates since 2012, as revised by the U.S. Bureau of Economic Analysis.
Annualized rates of growth (or contraction). You will see a few repeat numbers, these aren’t typos.
Q2 2018...4.2 percent
Q1 2018...2.2
Q4 2017...2.3
Q3 2017...2.8
Q2 2017...3.0
Q1 2017...1.8
Q4 2016...1.8
Q3 2016...1.9
Q2 2016...2.3
Q1 2016...1.5
Q4 2015...0.4
Q3 2015...1.0
Q2 2015...3.3
Q1 2015...3.3
Q4 2014...1.9
Q3 2014...4.9
Q2 2014...5.1
Q1 2014... -1.0
Q4 2013...3.2
Q3 2013...3.2
Q2 2013...0.5
Q1 2013...3.6
Q4 2012...0.5
Q3 2012...0.5
Q2 2012...1.7
Q1 2012...3.2
And...yearly annualized GDP...these numbers are different than a simple average of the four quarters.
2017...2.2
2016...1.6
2015...2.9
2014...2.5
2013...1.8
2012...2.2
2011...1.6
2010...2.6
2009... -2.5
2008... -0.1
2007...1.9
Wall Street History returns in a few weeks.
Brian Trumbore
