In economics, the inflation rate is a measure of the change in price of a basket of goods. The most common measure being the consumer price index. It is the percentage rate of change in price level over time, and also indicates the rate of decrease in the purchasing power of money. The annual rate of inflation for 2023, was 4.1 percent higher in the United States when compared to the previous year. More information on inflation and the consumer price index can be found on our dedicated topic page. Additionally, the monthly rate of inflation in the United States can be accessed here. Inflation and purchasing power Inflation is a key economic indicator, and gives economists and consumers alike a look at changes in prices in the wider economy. For example, if an average pair of socks costs 100 dollars one year and 105 dollars the following year, the inflation rate is five percent. This means the amount of goods an individual can purchase with a unit of currency has decreased. This concept is often referred to as purchasing power. The data presents the average rate of inflation in a year, whereas the monthly measure of inflation measures the change in prices compared with prices one year ago. For example, monthly inflation in the U.S. reached a peak in June 2022 at 9.1 percent. This means that prices were 9.1 percent higher than they were in June of 2021. The purchasing power is the extent to which a person has available funds to make purchases. The Big Mac Index has been published by The Economist since 1986 and exemplifies purchasing power on a global scale, allowing us to see note the differences between different countries currencies. Switzerland for example, has the most expensive Big Mac in the world, costing consumers 6.71 U.S. dollars as of July 2022, whereas a Big Mac cost 5.15 dollars in the United States, and 4.77 dollars in the Euro area. One of the most important tools in influencing the rate of inflation is interest rates. The Federal Reserve of the United States has the capacity to make changes to the federal interest rate . Changes to the rate of inflation are thought to be an imbalance between supply and demand. After COVID-19 related lockdowns came to an end there was a sudden increase in demand for goods and services with consumers having more funds than usual thanks to reduced spending during lockdown and government funded economic support. Additionally, supply-chain related bottlenecks also due to lockdowns around the world and the Russian invasion of Ukraine meant that there was a decrease in the supply of goods and services. By increasing the interest rate, the Federal Reserve aims to reduce spending, and thus bring demand back into balance with supply.
In 2023, the United States had a real gross domestic product of about 23.3 trillion U.S. dollars (2017 chained). See the U.S. GDP for further information. Real Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Real GDP in the U.S. The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 22 trillion U.S. dollars in 2023. Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. One of the defining qualities of the United States’ economy is its diversity and advanced technological advancements. Industries such as finance, real estate, health care, and business and education services are large contributors to the economy, while the manufacturing sector accounts for about 11 percent of the country’s wealth. The GDP generated by each state can also vary widely based on principal industries and production. In 2021, California had the highest state GDP in the United States, reaching 3.35 trillion U.S. dollars; comparatively, Vermont generated a GDP of 36.17 billion U.S. dollars in that year.
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GDP per person employed (constant 2017 PPP $) in World was reported at 49070 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - GDP per person employed (constant 1990 PPP $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
This statistic shows the percentage of people whose income was less than 1.25 U.S. dollars per day in various regions across the world in 1990, 2011, and projection for 2015. As of 2011, almost 47% of the population in sub-Saharan Africa was living on less than 1.25 U.S. dollars a day. In 2011, 6 percent of the total population in Eastern Asia (China only) had an income of less than 1.25 U.S. dollars per day, which was a reduction from 61 percent in 1990.
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Arms imports (SIPRI trend indicator values) in United States was reported at 1209000000 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Arms imports (constant 1990 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.
Since 1990, the poverty gap worldwide at **** U.S. dollars a day in 2017 Purchasing Power Parities fell from ** percent to eight percent in 2022. Whereas the poverty rate only measures the share of the population living below the poverty line, the poverty gap measures the severity of the poverty.
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Graph and download economic data for Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average (CUUR0000SA0R) from Jan 1913 to Jun 2025 about urban, consumer, CPI, inflation, price index, indexes, price, and USA.
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GDP per person employed (constant 2017 PPP $) in Greece was reported at 93760 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Greece - GDP per person employed (constant 1990 PPP $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
Over the past three decades, the number of people living on less than 2.15 U.S. dollars a day in terms of 2017 Purchasing Power Parities either dropped or remained stable across all regions except for Sub-Saharan Africa. On the continent, the number of people living on less than 2.15 U.S. dollars a day increased from 282.2 million in 1990 to nearly 411.15 million in 2019. East Asia & The Pacific saw the most significant poverty reduction, where 20.28 million lived in poverty in 2022 compared to more than one billion in 1990. Even though the absolute number of people living in poverty in Sub-Saharan Africa increased, the share fell during the same period, indicating that there has been poverty reduction in the region as well.
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Key information about Mongolia Exchange Rate against USD
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Time series data for the statistic Trade_Balance_Japan_of_Italy. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -537.13 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -37.86 Million compared to the value the year prior.The Serie's long term average value is -246.39 Million. It's latest available value, on 3/31/2025, is -290.73 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 5/31/2024, to it's latest available value, on 3/31/2025, is +288.72 Million.The Serie's change from it's maximum value, on 4/30/2000, to it's latest available value, on 3/31/2025, is -709.89 Million.
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Time series data for the statistic Trade_Balance_United_States_of_Guyana. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -201.14 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 74.68 Million compared to the value the year prior.The Serie's long term average value is -20.74 Million. It's latest available value, on 3/31/2025, is -180.40 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 7/31/2024, to it's latest available value, on 3/31/2025, is +438.91 Million.The Serie's change from it's maximum value, on 4/30/2019, to it's latest available value, on 3/31/2025, is -284.26 Million.
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Mexico Real Exchange Rate Index: 111 Group Currency: World Currency per USD data was reported at 165.382 1990=100 in Feb 2019. This records an increase from the previous number of 164.642 1990=100 for Jan 2019. Mexico Real Exchange Rate Index: 111 Group Currency: World Currency per USD data is updated monthly, averaging 120.020 1990=100 from Jan 1968 (Median) to Feb 2019, with 614 observations. The data reached an all-time high of 165.771 1990=100 in Dec 2018 and a record low of 93.184 1990=100 in Oct 1978. Mexico Real Exchange Rate Index: 111 Group Currency: World Currency per USD data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M007: Real Exchange Rate Index: 1990=100.
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Graph and download economic data for Exchange Rate to U.S. Dollar for Croatia (FXRATEHRA618NUPN) from 1990 to 2010 about Croatia, exchange rate, currency, rate, and USA.
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Time series data for the statistic Trade_Balance_Sierra_Leone_of_Taiwan,_China. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -178.95 Thousand as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.556 Thousand compared to the value the year prior.The Serie's long term average value is -126.36 Thousand. It's latest available value, on 3/31/2025, is -52.59 Thousand lower, compared to it's long term average value.The Serie's change from it's minimum value, on 11/30/2005, to it's latest available value, on 3/31/2025, is +406.06 Thousand.The Serie's change from it's maximum value, on 4/30/2017, to it's latest available value, on 3/31/2025, is -453.67 Thousand.
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Key information about Colombia Real Effective Exchange Rate
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Time series data for the statistic Trade_Balance_United_States_of_Syrian_Arab_Republic. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -0.7074 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -1.10 Million compared to the value the year prior.The Serie's long term average value is 3.20 Million. It's latest available value, on 3/31/2025, is -3.91 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 6/30/2011, to it's latest available value, on 3/31/2025, is +100.93 Million.The Serie's change from it's maximum value, on 9/30/2010, to it's latest available value, on 3/31/2025, is -74.81 Million.
In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.
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This dataset tracks annual total expenditure from 1990 to 2021 for Dollar Bay-Tamarack City Area Schools School District
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Time series data for the statistic Trade_Balance_Italy_of_Iceland. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 10.53 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -1.13 Million compared to the value the year prior.The Serie's long term average value is 6.30 Million. It's latest available value, on 3/31/2025, is 4.23 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/1990, to it's latest available value, on 3/31/2025, is +15.21 Million.The Serie's change from it's maximum value, on 6/30/2007, to it's latest available value, on 3/31/2025, is -13.65 Million.
In economics, the inflation rate is a measure of the change in price of a basket of goods. The most common measure being the consumer price index. It is the percentage rate of change in price level over time, and also indicates the rate of decrease in the purchasing power of money. The annual rate of inflation for 2023, was 4.1 percent higher in the United States when compared to the previous year. More information on inflation and the consumer price index can be found on our dedicated topic page. Additionally, the monthly rate of inflation in the United States can be accessed here. Inflation and purchasing power Inflation is a key economic indicator, and gives economists and consumers alike a look at changes in prices in the wider economy. For example, if an average pair of socks costs 100 dollars one year and 105 dollars the following year, the inflation rate is five percent. This means the amount of goods an individual can purchase with a unit of currency has decreased. This concept is often referred to as purchasing power. The data presents the average rate of inflation in a year, whereas the monthly measure of inflation measures the change in prices compared with prices one year ago. For example, monthly inflation in the U.S. reached a peak in June 2022 at 9.1 percent. This means that prices were 9.1 percent higher than they were in June of 2021. The purchasing power is the extent to which a person has available funds to make purchases. The Big Mac Index has been published by The Economist since 1986 and exemplifies purchasing power on a global scale, allowing us to see note the differences between different countries currencies. Switzerland for example, has the most expensive Big Mac in the world, costing consumers 6.71 U.S. dollars as of July 2022, whereas a Big Mac cost 5.15 dollars in the United States, and 4.77 dollars in the Euro area. One of the most important tools in influencing the rate of inflation is interest rates. The Federal Reserve of the United States has the capacity to make changes to the federal interest rate . Changes to the rate of inflation are thought to be an imbalance between supply and demand. After COVID-19 related lockdowns came to an end there was a sudden increase in demand for goods and services with consumers having more funds than usual thanks to reduced spending during lockdown and government funded economic support. Additionally, supply-chain related bottlenecks also due to lockdowns around the world and the Russian invasion of Ukraine meant that there was a decrease in the supply of goods and services. By increasing the interest rate, the Federal Reserve aims to reduce spending, and thus bring demand back into balance with supply.