Historical chart and dataset showing U.S. GDP by year from 1960 to 2023.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPNSAXDCUSQ) from Q1 1950 to Q1 2025 about GDP and USA.

The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before. The last time the real GDP growth rates fell by a similar level was during the Great Recession in 2009, and the only other time since the Second World War where real GDP fell by more than one percent was in the early 1980s recession. The given records began following the Wall Street Crash in 1929, and GDP growth fluctuated greatly between the Great Depression and the 1950s, before growth became more consistent.

On October 29, 1929, the U.S. experienced the most devastating stock market crash in it's history. The Wall Street Crash of 1929 set in motion the Great Depression, which lasted for twelve years and affected virtually all industrialized countries. In the United States, GDP fell to it's lowest recorded level of just 57 billion U.S dollars in 1933, before rising again shortly before the Second World War. After the war, GDP fluctuated, but it increased gradually until the Great Recession in 2008. Real GDP Real GDP allows us to compare GDP over time, by adjusting all figures for inflation. In this case, all numbers have been adjusted to the value of the US dollar in FY2012. While GDP rose every year between 1946 and 2008, when this is adjusted for inflation it can see that the real GDP dropped at least once in every decade except the 1960s and 2010s. The Great Recession Apart from the Great Depression, and immediately after WWII, there have been two times where both GDP and real GDP dropped together. The first was during the Great Recession, which lasted from December 2007 until June 2009 in the US, although its impact was felt for years after this. After the collapse of the financial sector in the US, the government famously bailed out some of the country's largest banking and lending institutions. Since recovery began in late 2009, US GDP has grown year-on-year, and reached 21.4 trillion dollars in 2019. The coronavirus pandemic and the associated lockdowns then saw GDP fall again, for the first time in a decade. As economic recovery from the pandemic has been compounded by supply chain issues, inflation, and rising global geopolitical instability, it remains to be seen what the future holds for the U.S. economy.

Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q1 2025 about per capita, real, GDP, and USA.

U.S. gdp growth rate for 2023 was 2.89%, a 0.38% increase from 2022.

<ul style='margin-top:20px;'>

<li>U.S. gdp growth rate for 2022 was <strong>2.51%</strong>, a <strong>3.54% decline</strong> from 2021.</li>
<li>U.S. gdp growth rate for 2021 was <strong>6.06%</strong>, a <strong>8.22% increase</strong> from 2020.</li>
<li>U.S. gdp growth rate for 2020 was <strong>-2.16%</strong>, a <strong>4.75% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Graph and download economic data for Gross Domestic Product Deflator for United States (NGDPDSAIXUSQ) from Q1 1950 to Q1 2025 about GDP and USA.

Key information about United States Real GDP Growth

• The Gross Domestic Product (GDP) in United States expanded 1.6 % YoY in Mar 2023, following a growth of 0.9 % in the previous quarter.
• Real GDP Growth YoY data in US is updated quarterly, available from Mar 1948 to Mar 2023, with an average rate of 3.0 %.
• The data reached an all-time high of 13.4 % in Dec 1950 and a record low of -8.4 % in Jun 2020.

• In the latest reports, Nominal GDP of US reached 6,621.6 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.4 % in Mar 2023.
• GDP Per Capita in US reached 59,484.0 USD in Dec 2017.
• Its Gross Savings Rate was measured at 15.9 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 20.7 % in Mar 2023.
• Public Consumption accounted for 14.1 % in Mar 2023.
• Private Consumption accounted for 67.9 % in Mar 2023.

United States GDP: 2005p: saar: CC: PCE data was reported at 1.830 % in Mar 2013. This records an increase from the previous number of 1.280 % for Dec 2012. United States GDP: 2005p: saar: CC: PCE data is updated quarterly, averaging 2.125 % from Jun 1947 to Mar 2013, with 264 observations. The data reached an all-time high of 13.700 % in Sep 1950 and a record low of -7.890 % in Dec 1950. United States GDP: 2005p: saar: CC: PCE data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A163: NIPA 2009: Contributions to the Change in GDP: 2005 Price. Rebased from 2005p to 2009p. Replacement series ID: 287768904.

The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Throughout the Second World War, the United States consistently had the largest gross domestic product (GDP) in the world. Additionally, U.S. GDP grew significantly throughout the war, whereas the economies of Europe and Japan saw relatively little growth, and were often in decline. The impact of key events in the war is also reflected in the trends shown here - the economic declines of France and the Soviet Union coincide with the years of German invasion, while the economies of the three Axis countries experienced their largest declines in the final year of the war.

United States Gross Domestic Product (GDP): Real: Seasonally Adjusted (sa) data was reported at 5,885.587 USD bn in Dec 2024. This records an increase from the previous number of 5,850.074 USD bn for Sep 2024. United States Gross Domestic Product (GDP): Real: Seasonally Adjusted (sa) data is updated quarterly, averaging 2,280.660 USD bn from Mar 1950 (Median) to Dec 2024, with 300 observations. The data reached an all-time high of 5,885.587 USD bn in Dec 2024 and a record low of 586.526 USD bn in Mar 1950. United States Gross Domestic Product (GDP): Real: Seasonally Adjusted (sa) data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Gross Domestic Product: by Expenditure: Seasonally Adjusted: Quarterly.

Graph and download economic data for Real Gross Domestic Product for United States (NGDPRSAXDCUSQ) from Q1 1950 to Q1 2025 about real, GDP, and USA.

In 1950, GDP per capita in Western Europe (29 countries) was just 48 percent of GDP per capita in the U.S. The post-war economic boom from 1950 to 1973 was the most prosperous period in Western Europe's history, and GDP per capita more than doubled in this period, reaching 69 percent of the U.S.' rate. Due to several economic crises in Europe in the following decades, growth rates in Western Europe remained relatively stable. Still, they did not reach the same heights as seen during the so-called Golden Age of Capitalism.

In contrast, the U.S. had been harder hit than Western Europe by the economic difficulties of the 1970s and 1980s, but the dissolution of the Soviet Union in 1991 coincided with one of the most successful decades in U.S. history, with the economy thriving in the 1990s. For Western Europe, the fall of communism had a knock-on effect that limited growth in the early 1990s, although GDP per capita compared to the U.S. was fairly similar to 1973's rate (albeit lower) at 66 percent.

Over the first half of the 20th century, the Soviet Union's GDP per capita rose from 1,218 U.S. dollars to 2,8334 U.S. dollars. There was a slight decrease between 1913 and 1929 due to the devastation caused by the First World War and Russian Revolution and the transition to a communist government and socialist economic structure. However, GDP per capita grew over the following three intervals, and the Soviet Union's relative isolation in the 1920s and 1930s meant that it was relatively untouched by the Great Depression in the 1930s. At the end of the recovery period after the Second World War, in 1950, GDP per capita had already exceeded pre-war levels by a significant margin, and the Soviet Union emerged as one of the two global superpowers, alongside the United States.

Graph and download economic data for Output-side Real GDP at Current Purchasing Power Parities for United States (CGDPOSUSA666NRUG) from 1950 to 2019 about PPP, real, GDP, and USA.

United States GDP: 2009p: saar: CC: PCE: Goods data was reported at -0.090 % in Mar 2018. This records a decrease from the previous number of 1.670 % for Dec 2017. United States GDP: 2009p: saar: CC: PCE: Goods data is updated quarterly, averaging 0.960 % from Jun 1947 (Median) to Mar 2018, with 284 observations. The data reached an all-time high of 11.840 % in Sep 1950 and a record low of -8.280 % in Dec 1950. United States GDP: 2009p: saar: CC: PCE: Goods data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A093: NIPA 2013: Contributions to the Change in GDP: 2009 Price.

United States GDP: 2009p: saar: QoQ%: GCI: Fed: Nondefense (NE) data was reported at 1.600 % in Mar 2018. This records an increase from the previous number of -0.100 % for Dec 2017. United States GDP: 2009p: saar: QoQ%: GCI: Fed: Nondefense (NE) data is updated quarterly, averaging 3.000 % from Jun 1947 (Median) to Mar 2018, with 284 observations. The data reached an all-time high of 220.900 % in Jun 1947 and a record low of -71.300 % in Sep 1950. United States GDP: 2009p: saar: QoQ%: GCI: Fed: Nondefense (NE) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A007: NIPA 2013: GDP by Expenditure: saar: QoQ%: 2009 Price.