The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before. The last time the real GDP growth rates fell by a similar level was during the Great Recession in 2009, and the only other time since the Second World War where real GDP fell by more than one percent was in the early 1980s recession. The given records began following the Wall Street Crash in 1929, and GDP growth fluctuated greatly between the Great Depression and the 1950s, before growth became more consistent.
Annual growth of real GDP in the United States of America from 1930 to 2022
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BEA. (December 21, 2023). Annual growth of real GDP in the United States of America from 1930 to 2022 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/
BEA. "Annual growth of real GDP in the United States of America from 1930 to 2022." Chart. December 21, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/
BEA. (2023). Annual growth of real GDP in the United States of America from 1930 to 2022. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/
BEA. "Annual Growth of Real Gdp in The United States of America from 1930 to 2022." Statista, Statista Inc., 21 Dec 2023, https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/
BEA, Annual growth of real GDP in the United States of America from 1930 to 2022 Statista, https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/ (last visited September 01, 2024)
Annual growth of real GDP in the United States of America from 1930 to 2022 [Graph], BEA, December 21, 2023. [Online]. Available: https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/