President Donald Trump called the rate "amazing" and predicted further growth at the White House Friday.
"We're on track to hit the highest annual average growth rate in over 13 years and I will say this right now, and I'll say it strongly. As the trade deals come in one by one, we’re going to go a lot higher than these numbers and these are great numbers," Trump said.
Friday's announcement marks the nation's highest rate of growth during Trump's presidency so far, though it is not unprecedented, despite Trump touting it as evidence of an "economic turnaround of historic proportions."
President Barack Obama, whose first election coincided with a debilitating economic collapse, had four quarters of higher growth than this during his presidency. It would tie for the fifth strongest quarter under President George W. Bush and the 13th strongest quarter under President Bill Clinton.
The president repeatedly credited his administration for the growth — which had begun before he took office — and suggested that his trade policies had stopped other countries that had "stolen our jobs and plundered our wealth."
There have yet to be any new trade deals struck under the president, though he has raised tariffs and pulled out of the Trans-Pacific Partnership. Still, he argued that his trade negotiations had made a big impact.
"Perhaps one of the biggest wins of the report, and it is indeed a big one, is that the trade deficit — very dear to my heart, because we've been ripped off by the world — has dropped by more than 50 billion dollars," Trump said.
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