|economic growth rate obama years||0.15||0.3||5380||100|
In his eight years in office, U.S. GDP growth averaged 1.62% under Obama, about 70% higher than Trump’s growth rate. Here’s a look at average GDP growth rates under the last six U.S. presidents:Is the US economy growing under President Obama?
Since then, the U.S. has struggled to grow at much more than 2% a year under President Obama.What happened to the economy during Obama's first year?
Start with the Great Recession. By any definition, the U.S. economy has escaped the recession that marred Obama's first days in office. Real (inflation-adjusted) gross domestic product (GDP) shrunk at an annual, seasonally adjusted rate of 8.2% in the fourth quarter of 2008, immediately prior to Obama's first inauguration on January 20, 2009.How much did the US economy grow in 2016?
The US economy grew 1.6 percent in 2016 from the previous years, according to the Commerce Department, which tracks GDP. Obama’s best year, as far as growing the economy, was 2015 when it grew 2.6 percent from 2014 — after growing 2.4 percent that year from 2013.