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.

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 Aug 2025 about urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

Time series data for the statistic Trade_Balance_United_States_with_Jordan. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -42.97 Million as of 3/31/2025, the highest value since 10/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an increase of 119.61 Million compared to the value the year prior.The Serie's long term average value is -10.20 Million. It's latest available value, on 3/31/2025, is -32.77 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 11/30/2021, to it's latest available value, on 3/31/2025, is +175.08 Million.The Serie's change from it's maximum value, on 11/30/2014, to it's latest available value, on 3/31/2025, is -292.91 Million.

Time series data for the statistic Trade_Balance_Italy_with_Sierra_Leone. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 4.36 Million as of 3/31/2025, the highest value since 11/30/2022. Regarding the One-Year-Change of the series, the current value constitutes an increase of 3.74 Million compared to the value the year prior.The Serie's long term average value is 0.922 Million. It's latest available value, on 3/31/2025, is 3.44 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2025, to it's latest available value, on 3/31/2025, is +5.31 Million.The Serie's change from it's maximum value, on 4/30/2004, to it's latest available value, on 3/31/2025, is -1.64 Million.

The price of gold per troy ounce increased considerably between 1990 and 2025, despite some fluctuations. A troy ounce is the international common unit of weight used for precious metals and is approximately **** grams. At the end of 2024, a troy ounce of gold cost ******* U.S. dollars. As of * June 2025, it increased considerably to ******** U.S. dollars. Price of – additional information In 2000, the price of gold was at its lowest since 1990, with a troy ounce of gold costing ***** U.S. dollars in that year. Since then, gold prices have been rising and after the economic crisis of 2008, the price of gold rose at higher rates than ever before as the market began to see gold as an increasingly good investment. History has shown, gold is seen as a good investment in times of uncertainty because it can or is thought to function as a good store of value against a declining currency as well as providing protection against inflation. However, unlike other commodities, once gold is mined it does not get used up like other commodities (for example, such as gasoline). So while gold may be a good investment at times, the supply demand argument does not apply to gold. Nonetheless, the demand for gold has been mostly consistent.

The Gross Domestic Product per capita in the United States was last recorded at 75491.61 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in the United States, when adjusted by Purchasing Power Parity is equivalent to 425 percent of the world's average. This dataset provides - United States GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Time series data for the statistic Trade_Balance_Bolivia_with_the_Dominican_Republic. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 0.2995 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.2048 Million compared to the value the year prior.The Serie's long term average value is 0.156 Million. It's latest available value, on 5/31/2025, is 0.143 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 2/28/2022, to it's latest available value, on 5/31/2025, is +0.9593 Million.The Serie's change from it's maximum value, on 8/31/2012, to it's latest available value, on 5/31/2025, is -2.47 Million.

In September 2024, the national debt of the United States had risen up to 35.46 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021. As represented by the statistic above, the public debt of the United States has been continuously rising. U.S. public debt Public debt, also known as national and governmental debt, is the debt owed by a nations’ central government. In the case of the U.S., national debt is owed by the federal government to Treasury security holders. Generally speaking, government debt increases with government spending, and can be decreased through taxes. During the COVID-19 pandemic, the U.S. government increased spending significantly to finance virus infrastructure, aid, and various forms of economic relief. International public debt Venezuela leads the global ranking of the 20 countries with the highest public debt in 2021. In relation to the Gross Domestic Product (GDP), Venezuela's public debt amounted to around 306.95 percent of GDP. Eritrea was ranked fifth, with an estimated debt of 170 percent of the Gross Domestic Product. The national debt of the United Kingdom is forecasted to grow from 87 percent in 2022 to 70 percent in 2027, in relation to the Gross Domestic Product. These figures include England, Wales, Scotland as well as Northern Ireland. Greece had the highest national debt among EU countries as of the 4th quarter of 2020 in relation to the Gross Domestic Product. Germany ranked 13th in the EU, with its national debt amounting to 69 percent of GDP in the same time period. Tuvalu was one of the 20 countries with the lowest national debt in 2021 in relation to the GDP, while Macao had an estimated level of national debt of zero percent, the lowest of any country. The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance.

Time series data for the statistic Trade_Balance_Japan_with_Turkey. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 206.30 Million as of 5/31/2025, the lowest value since 2/28/2025. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -6.84 percent compared to the value the year prior.The 1 year change in percent is -6.84.The 3 year change in percent is 15.12.The 5 year change in percent is 382.13.The 10 year change in percent is 102.50.The Serie's long term average value is 135.02 Million. It's latest available value, on 5/31/2025, is 52.80 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 1/31/1990, to it's latest available value, on 5/31/2025, is +11,156.88%.The Serie's change in percent from it's maximum value, on 2/29/2008, to it's latest available value, on 5/31/2025, is -37.50%.

Time series data for the statistic Trade_Balance_Italy_with_Jordan. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 44.95 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -22.85 percent compared to the value the year prior.The 1 year change in percent is -22.85.The 3 year change in percent is -0.7686.The 5 year change in percent is 56.41.The 10 year change in percent is -45.15.The Serie's long term average value is 36.33 Million. It's latest available value, on 5/31/2025, is 23.72 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 2/28/1991, to it's latest available value, on 5/31/2025, is +5,381.68%.The Serie's change in percent from it's maximum value, on 6/30/2011, to it's latest available value, on 5/31/2025, is -76.93%.

This statistic shows the median household income in the United States from 1990 to 2023 in 2023 U.S. dollars. The median household income was 80,610 U.S. dollars in 2023, an increase from the previous year. Household incomeThe median household income depicts the income of households, including the income of the householder and all other individuals aged 15 years or over living in the household. Income includes wages and salaries, unemployment insurance, disability payments, child support payments received, regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely. The median household income in the United States varies from state to state. In 2020, the median household income was 86,725 U.S. dollars in Massachusetts, while the median household income in Mississippi was approximately 44,966 U.S. dollars at that time. Household income is also used to determine the poverty line in the United States. In 2021, about 11.6 percent of the U.S. population was living in poverty. The child poverty rate, which represents people under the age of 18 living in poverty, has been growing steadily over the first decade since the turn of the century, from 16.2 percent of the children living below the poverty line in year 2000 to 22 percent in 2010. In 2021, it had lowered to 15.3 percent. The state with the widest gap between the rich and the poor was New York, with a Gini coefficient score of 0.51 in 2019. The Gini coefficient is calculated by looking at average income rates. A score of zero would reflect perfect income equality and a score of one indicates a society where one person would have all the money and all other people have nothing.

In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

Time series data for the statistic Trade_Balance_Italy_with_Japan. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 450.20 Million as of 5/31/2025, the highest value since 8/31/2024. Regarding the One-Year-Change of the series, the current value constitutes an increase of 126.13 Million compared to the value the year prior.The Serie's long term average value is 76.67 Million. It's latest available value, on 5/31/2025, is 373.53 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 4/30/2008, to it's latest available value, on 5/31/2025, is +794.02 Million.The Serie's change from it's maximum value, on 7/31/2013, to it's latest available value, on 5/31/2025, is -152.90 Million.

Time series data for the statistic Trade_Balance_United_States_with_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.

The inflation rate in Namibia decreased by about one percentage point from 4.29 percent in 2018 to 3.72 percent in 2019. It is projected to remain around 4.5 percent through 2030, significantly lower than the 2002 peak of 12.72 percent. Namibia’s historical context Prior to 1990, Namibia was under apartheid South Africa control, and before World War I, the country was a German colony and even suffered a genocide. Given this turbulent oppression, it is expected that social and economic residual ramifications would follow. Namibia’s inflation rate went through a volatile period during the 1990’s and early 2000’s where it reached around twelve percent several times. Over the past decade, Namibia’s inflation rate has largely declined. Namibia’s successful growth Similarly, Namibia’s gross domestic product (GDP) remained under five billion U.S. dollars through the 1990’s. Since then, the country’s GDP has grown to about 14 billion U.S. dollars as of 2019 and will continue to grow through the upcoming years. Namibia’s increasing economic success is in part linked to developing its services industry. Today, the services sector is responsible for employing about 60 percent of the country’s working population. A well-developed services industry is usually a sign of a similarly well-developed economy. The services sector includes the growing tourist industry with an expanding focus on ecotourism, centered around the country’s endangered wildlife.

Time series data for the statistic Trade_Balance_Turkey_with_the_Netherlands. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 247.33 Million as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -206.37 Million compared to the value the year prior.The Serie's long term average value is 36.23 Million. It's latest available value, on 3/31/2025, is 211.10 Million higher, 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 +406.90 Million.The Serie's change from it's maximum value, on 3/31/2022, to it's latest available value, on 3/31/2025, is -213.05 Million.

Time series data for the statistic Trade_Balance_Japan_with_Italy. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -757.01 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 68.84 Million compared to the value the year prior.The Serie's long term average value is -248.62 Million. It's latest available value, on 5/31/2025, is -508.39 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 5/31/2025, is +68.84 Million.The Serie's change from it's maximum value, on 4/30/2000, to it's latest available value, on 5/31/2025, is -929.77 Million.

Time series data for the statistic Trade_Balance_China_with_Bolivia. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -86.32 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -18.03 Million compared to the value the year prior.The Serie's long term average value is 4.73 Million. It's latest available value, on 5/31/2025, is -91.05 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 2/28/2025, to it's latest available value, on 5/31/2025, is +37.68 Million.The Serie's change from it's maximum value, on 5/31/2014, to it's latest available value, on 5/31/2025, is -194.49 Million.