2020 marked the lowest annual real GDP growth in the U.S. since the Second World War. The Covid pandemic saw growth fall by 3.4 percent, compared with an increase of 2.3 percent the year before. The last time the U.S.' 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 2020
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BEA. (December 27, 2021). Annual growth of real GDP in the United States of America from 1930 to 2020 [Graph]. In Statista. Retrieved May 25, 2022, 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 2020." Chart. December 27, 2021. Statista. Accessed May 25, 2022. https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/
BEA. (2021). Annual growth of real GDP in the United States of America from 1930 to 2020. Statista. Statista Inc.. Accessed: May 25, 2022. 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 2020." Statista, Statista Inc., 27 Dec 2021, 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 2020 Statista, https://www.statista.com/statistics/996758/rea-gdp-growth-united-states-1930-2019/ (last visited May 25, 2022)