63 datasets found
  1. U.S. real GDP growth by quarter Q2 2013- Q1 2025

    • statista.com
    Updated Nov 19, 2025
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    Statista (2025). U.S. real GDP growth by quarter Q2 2013- Q1 2025 [Dataset]. https://www.statista.com/statistics/188185/percent-change-from-preceding-period-in-real-gdp-in-the-us/
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    Dataset updated
    Nov 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

  2. F

    Gross Domestic Product

    • fred.stlouisfed.org
    • trends.sourcemedium.com
    json
    Updated Sep 25, 2025
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    (2025). Gross Domestic Product [Dataset]. https://fred.stlouisfed.org/series/GDP
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    jsonAvailable download formats
    Dataset updated
    Sep 25, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

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

  3. T

    United States GDP Growth Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 25, 2025
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    TRADING ECONOMICS (2025). United States GDP Growth Rate [Dataset]. https://tradingeconomics.com/united-states/gdp-growth
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Sep 25, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1947 - Jun 30, 2025
    Area covered
    United States
    Description

    The Gross Domestic Product (GDP) in the United States expanded 3.80 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United States GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  4. T

    United States GDP Annual Growth Rate

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 15, 2025
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    TRADING ECONOMICS (2025). United States GDP Annual Growth Rate [Dataset]. https://tradingeconomics.com/united-states/gdp-growth-annual
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    excel, csv, xml, jsonAvailable download formats
    Dataset updated
    Jun 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1948 - Jun 30, 2025
    Area covered
    United States
    Description

    The Gross Domestic Product (GDP) in the United States expanded 2.10 percent in the second 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.

  5. Quarterly GDP of the UK 2019-2025

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Quarterly GDP of the UK 2019-2025 [Dataset]. https://www.statista.com/statistics/785546/gross-domestic-product-per-quarter-united-kingdom/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    In the third quarter of 2025, the quarterly gross domestic product of the United Kingdom was approximately, 706 billion British pounds, compared with around 705.5 billion pounds in the previous quarter. The large dip in GDP that can be seen in the second quarter of 2020 saw the UK economy fall from 652 billion pounds to 522 billion, with more usual levels of output not recovering until well into 2021. The COVID-19 lockdowns enacted by the UK government at that time was the main reason for this large fall in GDP. Growth lagging as UK heads into 2025 After ending 2023 in recession, the UK economy started 2024 with the strongest quarterly GDP growth in several years, growing by 0.7 percent in the first quarter, and then by 0.4 percent in the second quarter. Economic growth in the second half of the year was, however, far less promising, with GDP flatlining in the third quarter, and monthly GDP shrinking by 0.1 percent in September and then again in October. Although GDP is still forecast to grow in 2025, the overall economic picture is precarious. In November, UK inflation rose to 2.6 percent, compared with just 1.7 percent in September, while the labor market continues to show signs of cooling after a period of high job vacancies and low unemployment. Labour pinning hopes on long-term growth After winning its first general election in 19 years in 2024, the Labour Government has seen its approval ratings plummet in its first few months in office. This shaky start is partly due to a government strategy of making unpopular decisions early in their tenure, which they hope will eventually encourage stable economic growth in the mid to long-term. By far the least popular policy was the withdrawal of winter fuel benefits for a significant number of pensioners, a cost-cutting measure deemed necessary due to the UK's vulnerable public finance position, with government debt at around 100 percent of GDP. A further measure introduced was a national insurance tax increase for employers, with almost half of UK firms citing increased taxes as their main external concern in Q3 2024. Avoiding any further tax rises or cuts to services will depend on if policies in other areas, such as planning reform, will kickstart the UK economy in time before the next election.

  6. T

    Japan GDP Growth Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 16, 2025
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    TRADING ECONOMICS (2025). Japan GDP Growth Rate [Dataset]. https://tradingeconomics.com/japan/gdp-growth
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Nov 16, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1980 - Sep 30, 2025
    Area covered
    Japan
    Description

    The Gross Domestic Product (GDP) in Japan contracted 0.40 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  7. F

    Real Potential Gross Domestic Product

    • fred.stlouisfed.org
    json
    Updated Mar 17, 2025
    + more versions
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    (2025). Real Potential Gross Domestic Product [Dataset]. https://fred.stlouisfed.org/series/GDPPOT
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    jsonAvailable download formats
    Dataset updated
    Mar 17, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Real Potential Gross Domestic Product (GDPPOT) from Q1 1949 to Q4 2035 about projection, real, GDP, and USA.

  8. T

    France GDP Growth Rate

    • tradingeconomics.com
    • ru.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 28, 2025
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    TRADING ECONOMICS (2025). France GDP Growth Rate [Dataset]. https://tradingeconomics.com/france/gdp-growth
    Explore at:
    csv, xml, excel, jsonAvailable download formats
    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1949 - Sep 30, 2025
    Area covered
    France
    Description

    The Gross Domestic Product (GDP) in France expanded 0.50 percent in the third quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - France GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  9. T

    Mexico GDP Growth Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 21, 2025
    + more versions
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    TRADING ECONOMICS (2025). Mexico GDP Growth Rate [Dataset]. https://tradingeconomics.com/mexico/gdp-growth
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    excel, json, xml, csvAvailable download formats
    Dataset updated
    Nov 21, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1993 - Sep 30, 2025
    Area covered
    Mexico
    Description

    The Gross Domestic Product (GDP) in Mexico contracted 0.30 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  10. T

    Germany GDP Growth Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 25, 2025
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    TRADING ECONOMICS (2025). Germany GDP Growth Rate [Dataset]. https://tradingeconomics.com/germany/gdp-growth
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    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Nov 25, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1970 - Sep 30, 2025
    Area covered
    Germany
    Description

    The Gross Domestic Product (GDP) in Germany stagnated 0 percent in the third quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  11. T

    India GDP Annual Growth Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 28, 2025
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    TRADING ECONOMICS (2025). India GDP Annual Growth Rate [Dataset]. https://tradingeconomics.com/india/gdp-growth-annual
    Explore at:
    xml, excel, json, csvAvailable download formats
    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1951 - Sep 30, 2025
    Area covered
    India
    Description

    The Gross Domestic Product (GDP) in India expanded 8.20 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  12. F

    GDPNow

    • fred.stlouisfed.org
    json
    Updated Dec 1, 2025
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    (2025). GDPNow [Dataset]. https://fred.stlouisfed.org/series/GDPNOW
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Dec 1, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for GDPNow (GDPNOW) from Q3 2011 to Q3 2025 about nowcast, projection, headline figure, GDP, rate, and USA.

  13. I

    India Real GDP Growth Projection: Quarterly: 4th Monetary Policy Statement

    • ceicdata.com
    Updated Sep 15, 2024
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    CEICdata.com (2024). India Real GDP Growth Projection: Quarterly: 4th Monetary Policy Statement [Dataset]. https://www.ceicdata.com/en/india/gross-domestic-product-real-gdp-growth-projection-rbi-monetary-policy-statement/real-gdp-growth-projection-quarterly-4th-monetary-policy-statement
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    Dataset updated
    Sep 15, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Sep 1, 2022 - Jun 1, 2025
    Area covered
    India
    Description

    India Real(GDP) Gross Domestic ProductGrowth Projection: Quarterly: 4th Monetary Policy Statement data was reported at 7.300 % in Jun 2025. This records a decrease from the previous number of 7.400 % for Mar 2025. India Real(GDP) Gross Domestic ProductGrowth Projection: Quarterly: 4th Monetary Policy Statement data is updated quarterly, averaging 6.800 % from Dec 2018 (Median) to Jun 2025, with 27 observations. The data reached an all-time high of 20.600 % in Jun 2021 and a record low of -9.800 % in Sep 2020. India Real(GDP) Gross Domestic ProductGrowth Projection: Quarterly: 4th Monetary Policy Statement data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s National Accounts – Table IN.AB001: Gross Domestic Product: Real GDP Growth Projection: RBI Monetary Policy Statement.

  14. T

    Italy GDP Growth Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 28, 2025
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    TRADING ECONOMICS (2025). Italy GDP Growth Rate [Dataset]. https://tradingeconomics.com/italy/gdp-growth
    Explore at:
    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1960 - Sep 30, 2025
    Area covered
    Italy
    Description

    The Gross Domestic Product (GDP) in Italy expanded 0.10 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  15. Quarterly GDP growth of the UK 2021-2025

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Quarterly GDP growth of the UK 2021-2025 [Dataset]. https://www.statista.com/statistics/970941/quarterly-gdp-growth-uk/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    The UK economy grew by 0.1 percent in the third quarter of 2025, compared with 0.3 percent growth in the previous quarter. After ending 2023 in recession, the UK economy grew strongly in the first half of 2024, growing by 0.8 percent in Q1, and 0.6 percent in Q2, with growth slowing in the second half of the year. In the third quarter of 2020 the UK experienced record setting growth of 16.8 percent, which itself followed the record 20.3 percent contraction in Q2 2020. Growing economy key to Labour's plans Since winning the 2024 general election, the UK's Labour Party have seen their popularity fall substantially. In February 2025, the government's approval rating fell to a low of -54 percent, making them almost as disliked as the Conservatives just before the last election. A string of unpopular policies since taking office have taken a heavy toll on support for the government. Labour hope they can reverse their declining popularity by growing the economy, which has underperformed for several years, and when measured in GDP per capita, fell in 2023, and 2024. Steady labor market trends set to continue? After a robust 2022, the UK labor market remained resilient throughout 2023 and 2024. The unemployment rate at the end of 2024 was 4.4 percent, up from four percent at the start of the year, but still one of the lowest rates on record. While the average number of job vacancies has been falling since a May 2022 peak, there was a slight increase in January 2025 when compared with the previous month. The more concerning aspect of the labor market, from the government's perspective, are the high levels of economic inactivity due to long-term sickness, which reached a peak of 2.84 million in late 2023, and remained at high levels throughout 2024.

  16. U.S. public debt 1990-2024

    • statista.com
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    Statista, U.S. public debt 1990-2024 [Dataset]. https://www.statista.com/statistics/187867/public-debt-of-the-united-states-since-1990/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  17. N

    Nepal Real GDP Growth

    • ceicdata.com
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    CEICdata.com, Nepal Real GDP Growth [Dataset]. https://www.ceicdata.com/en/indicator/nepal/real-gdp-growth
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    Nepal
    Description

    Key information about Nepal Real GDP Growth

    • The Gross Domestic Product (GDP) in Nepal expanded 2.2 % YoY in Dec 2024, following a growth of 0.7 % in the previous quarter.
    • Real GDP Growth YoY data in Nepal is updated quarterly, available from Dec 2004 to Dec 2024, with an average rate of 2.2 %.
    • The data reached an all-time high of 13.9 % in Sep 2020 and a record low of -10.5 % in Jun 2020.
    CEIC shifts period-end for quarterly Real GDP Growth. The Central Bureau of Statistics provides Real GDP Growth Rate, at 2010-2011 producer prices. Real GDP Growth prior to Q4 2010 is based on Real GDP at 2000-2001 producer prices. Real GDP Growth is reported in quarterly frequency, ending in January, April, July and October.


    Related information about Nepal Real GDP Growth

    • In the latest reports, Nominal GDP of Nepal reached 44.8 USD bn in Jul 2025.
    • Its GDP deflator (implicit price deflator) increased 2.4 % in Jul 2025.
    • GDP Per Capita in Nepal reached 1,496.2 USD in Jul 2025.
    • Its Gross Savings Rate was measured at 35.7 % in Jul 2025.
    • For Nominal GDP contributions, Investment accounted for 28.1 % in Jul 2025.
    • Public Consumption accounted for 7.3 % in Jul 2025.
    • Private Consumption accounted for 86.2 % in Jul 2025.

  18. T

    China GDP Annual Growth Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 15, 2025
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    TRADING ECONOMICS (2025). China GDP Annual Growth Rate [Dataset]. https://tradingeconomics.com/china/gdp-growth-annual
    Explore at:
    xml, csv, json, excelAvailable download formats
    Dataset updated
    Jul 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1989 - Sep 30, 2025
    Area covered
    China
    Description

    The Gross Domestic Product (GDP) in China expanded 4.80 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - China GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  19. Countries with the largest gross domestic product (GDP) 2025

    • statista.com
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    Statista, Countries with the largest gross domestic product (GDP) 2025 [Dataset]. https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2025
    Area covered
    Worldwide
    Description

    In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

  20. T

    Japan GDP Growth Annualized

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 17, 2025
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    TRADING ECONOMICS (2025). Japan GDP Growth Annualized [Dataset]. https://tradingeconomics.com/japan/gdp-growth-annualized
    Explore at:
    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Nov 17, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 30, 1980 - Sep 30, 2025
    Area covered
    Japan
    Description

    GDP Growth Annualized in Japan decreased to -1.80 percent in the third quarter of 2025 from 2.30 percent in the second quarter of 2025. This dataset provides the latest reported value for - Japan GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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Statista (2025). U.S. real GDP growth by quarter Q2 2013- Q1 2025 [Dataset]. https://www.statista.com/statistics/188185/percent-change-from-preceding-period-in-real-gdp-in-the-us/
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U.S. real GDP growth by quarter Q2 2013- Q1 2025

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15 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Nov 19, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

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