by Calculated Risk on 7/27/2018 01:24:00 PM

With the release of Q2 GDP data, and the 2018 Comprehensive Update to GDP (including revisions), here is an update to the table showing the top 25 quarters since Q1 2000.

Q2 2018 is the eleventh best quarter for real annualized GDP since Q1 2000. Note: unrounded, Q2 2018 was at 4.06%, just behind Q4 2004 at 4.07%.

Q2 GDP was solid..

As I've noted before, based on demographics, 2% is the new 4% (that is just simple arithmetic).   I've also noted that a large government program (such as a war, or a tax cut) can give a short term boost to GDP.

Top 25 GDP Quarters since 2000 Real GDP, Annualized Rate
	GDP	Year	Quarter	President
1	7.5%	2000	Q2	Clinton
2	7.0%	2003	Q3	G.W.Bush
3	5.4%	2006	Q1	G.W.Bush
4	5.1%	2014	Q2	Obama
5	4.9%	2014	Q3	Obama
6	4.7%	2011	Q4	Obama
7	4.7%	2003	Q4	G.W.Bush
8	4.5%	2005	Q1	G.W.Bush
9	4.5%	2009	Q4	Obama
10	4.1%	2004	Q4	G.W.Bush
11	4.1%	2018	Q2	Trump
12	3.8%	2004	Q3	G.W.Bush
13	3.7%	2010	Q2	Obama
14	3.6%	2005	Q3	G.W.Bush
15	3.6%	2013	Q1	Obama
16	3.5%	2002	Q1	G.W.Bush
17	3.5%	2003	Q2	G.W.Bush
18	3.4%	2006	Q4	G.W.Bush
19	3.3%	2015	Q2	Obama
20	3.3%	2015	Q1	Obama
21	3.2%	2013	Q4	Obama
22	3.2%	2013	Q3	Obama
23	3.2%	2012	Q1	Obama
24	3.1%	2004	Q2	G.W.Bush
25	3.0%	2017	Q2	Trump