|us economic growth rate under obama||1.86||0.4||6806||22|
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 is the rate of growth in the US economy?
The annual rate of growth in GDP - the value of goods and services in the economy - has generally been strong. For 2019, the data shows a 3.1% growth for the first quarter, but this slowed to 2.1% in the second quarter (which ended in June). This is significantly less than the 5.5% achieved in the second quarter of 2014 during the Obama presidency.What was the average growth rate under Ford and Obama’s terms?
Both Presidents Ford and Obama had average annual growth rates of 1.6%. Ford’s term suffered from stagflation caused during the Nixon years, while Obama struggled with the financial crisis that had begun under President Bush’s term. 2