In Q2 2012, the real GDP growth rate in the United States was 1.3% . The real GDP is the inflation-adjusted value of all goods and services produced by labor and property located in the United States . The real GDP growth rate is the percentage change in the real GDP from one quarter to the next .
The following chart shows the real GDP growth rate in the United States from Q1 2000 to Q2 2012:
As you can see, the real GDP growth rate in Q2 2012 was higher than the previous quarter (Q1 2012), which had a growth rate of 0.4% . However, the growth rate in Q2 2012 was lower than the growth rate in Q2 2011, which was 2.5% .