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.

The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

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

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 21.2 percent. The construction industry contributed around four percent of GDP in the same year.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

North America Creator Economy Market is estimated to be valued at US$ 34.12 Bn in 2025 and expected to expand at CAGR of 34.9%,reaching US$ 277.41 Bn by 2032.

Key information about United States Government Debt: % of GDP

• United States Government debt accounted for 124.0 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 123.1 % in the previous quarter.
• US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Dec 2024.
• The data reached an all-time high of 130.4 % in Mar 2021 and a record low of 31.8 % in Sep 1974.

• In the latest reports, US National Government Debt reached 36,220.2 USD bn in Jan 2025.
• The country's Nominal GDP reached 6,632.4 USD bn in Mar 2023.

Graph and download economic data for Shares of gross domestic product: Personal consumption expenditures (DPCERE1Q156NBEA) from Q1 1947 to Q1 2025 about Shares of GDP, PCE, consumption expenditures, consumption, personal, GDP, and USA.

The average for 2023 based on 20 countries was 32.24 million. The highest value was in Brazil: 216.42 million and the lowest value was in Puerto Rico: 3.21 million. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Continued consolidation of the US banking industry and a general increase in the size of banks have prompted some policymakers to consider policies that discourage banks from getting larger, including explicit caps on bank size. However, limits on the size of banks could entail economic costs if they prevent banks from achieving economies of scale. This paper presents new estimates of returns to scale for US banks based on nonparametric, local-linear estimation of bank cost, revenue, and profit functions. We report estimates for both 2006 and 2015 to compare returns to scale some 7 years after the financial crisis and 5 years after enactment of the Dodd-Frank Act with returns to scale before the crisis. We find that a high percentage of banks faced increasing returns to scale in cost in both years, including most of the 10 largest bank holding companies. Also, while returns to scale in revenue and profit vary more across banks, we find evidence that the largest four banks operate under increasing returns to scale.

Key Table Information.Table Title.Selected Sectors: Sales, Value of Shipments, or Revenue Size of Firms for the U.S.: 2022.Table ID.ECNSIZE2022.EC2200SIZEREVFIRM.Survey/Program.Economic Census.Year.2022.Dataset.ECN Core Statistics Economic Census: Establishment and Firm Size Statistics for the U.S..Source.U.S. Census Bureau, 2022 Economic Census, Core Statistics.Release Date.2025-04-24.Release Schedule.The Economic Census occurs every five years, in years ending in 2 and 7.The data in this file come from the 2022 Economic Census data files released on a flow basis starting in January 2024 with First Look Statistics. Preliminary U.S. totals released in January 2024 are superseded with final data shown in the releases of later economic census statistics through March 2026.For more information about economic census planned data product releases, see 2022 Economic Census Release Schedule..Dataset Universe.The dataset universe consists of all establishments that are in operation for at least some part of 2022, are located in one of the 50 U.S. states, associated offshore areas, or the District of Columbia, have paid employees, and are classified in one of nineteen in-scope sectors defined by the 2022 North American Industry Classification System (NAICS)..Methodology.Data Items and Other Identifying Records.Number of firmsNumber of establishmentsSales, value of shipments, or revenue ($1,000)Annual payroll ($1,000)First-quarter payroll ($1,000)Number of employeesOperating expenses ($1,000)Total inventories, beginning of year ($1,000)Total inventories, end of year ($1,000)Range indicating imputed percentage of total sales, value of shipments, or revenueRange indicating imputed percentage of total annual payrollRange indicating imputed percentage of total employeesDefinitions can be found by clicking on the column header in the table or by accessing the Economic Census Glossary..Unit(s) of Observation.The reporting units for the economic census are employer establishments. An establishment is generally a single physical location where business is conducted or where services or industrial operations are performed. A company or firm is comprised of one or more in-scope establishments that operate under the ownership or control of a single organization. For some industries, the reporting units are instead groups of all establishments in the same industry belonging to the same firm..Geography Coverage.The data are shown for the U.S. levels only. For information about economic census geographies, including changes for 2022, see Geographies..Industry Coverage.The data are shown at the 2- through 6-digit 2022 NAICS code levels for all economic census sectors except Agriculture (11) and Management of Companies and Enterprises (55). For information about NAICS, see Economic Census Code Lists..Sampling.The 2022 Economic Census sample includes all active operating establishments of multi-establishment firms and approximately 1.7 million single-establishment firms, stratified by industry and state. Establishments selected to the sample receive a questionnaire. For all data on this table, establishments not selected into the sample are represented with administrative data. For more information about the sample design, see 2022 Economic Census Methodology..Confidentiality.The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. 7504609, Disclosure Review Board (DRB) approval number: CBDRB-FY23-099).To protect confidentiality, the U.S. Census Bureau suppresses cell values to minimize the risk of identifying a particular business’ data or identity.To comply with disclosure avoidance guidelines, data rows with fewer than three contributing firms or three contributing establishments are not presented. Additionally, establishment counts are suppressed when other select statistics in the same row are suppressed. More information on disclosure avoidance is available in the 2022 Economic Census Methodology..Technical Documentation/Methodology.For detailed information about the methods used to collect data and produce statistics, survey questionnaires, Primary Business Activity/NAICS codes, NAPCS codes, and more, see Economic Census Technical Documentation..Weights.No weighting applied as establishments not sampled are represented with administrative data..Table Information.FTP Download.https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/.API Information.Economic census data are housed in the Census Bureau Application Programming Interface (API)..Symbols.D - Withheld to avoid disclosing data for individual companies; data are included in higher level totalsN - Not available or not comparableS - Estimate does not meet publication standards because of high sampling variability, poor response quality, or other concerns about the estimate quality. Unpublished estimates derived from this table by subtraction ar...

By 2034, the Creator Economy Market is expected to reach a valuation of USD 1,072.8 billion, expanding at a healthy CAGR of 21.8%.

Key Table Information.Table Title.Selected Sectors: Sales, Value of Shipments, or Revenue Size of Establishments for the U.S.: 2022.Table ID.ECNSIZE2022.EC2200SIZEREVEST.Survey/Program.Economic Census.Year.2022.Dataset.ECN Core Statistics Economic Census: Establishment and Firm Size Statistics for the U.S..Source.U.S. Census Bureau, 2022 Economic Census, Core Statistics.Release Date.2025-04-24.Release Schedule.The Economic Census occurs every five years, in years ending in 2 and 7.The data in this file come from the 2022 Economic Census data files released on a flow basis starting in January 2024 with First Look Statistics. Preliminary U.S. totals released in January 2024 are superseded with final data shown in the releases of later economic census statistics through March 2026.For more information about economic census planned data product releases, see 2022 Economic Census Release Schedule..Dataset Universe.The dataset universe consists of all establishments that are in operation for at least some part of 2022, are located in one of the 50 U.S. states, associated offshore areas, or the District of Columbia, have paid employees, and are classified in one of nineteen in-scope sectors defined by the 2022 North American Industry Classification System (NAICS)..Methodology.Data Items and Other Identifying Records.Number of firmsNumber of establishmentsSales, value of shipments, or revenue ($1,000)Annual payroll ($1,000)First-quarter payroll ($1,000)Number of employeesOperating expenses ($1,000)Total inventories, beginning of year ($1,000)Total inventories, end of year ($1,000)Range indicating imputed percentage of total sales, value of shipments, or revenueRange indicating imputed percentage of total annual payrollRange indicating imputed percentage of total employeesDefinitions can be found by clicking on the column header in the table or by accessing the Economic Census Glossary..Unit(s) of Observation.The reporting units for the economic census are employer establishments. An establishment is generally a single physical location where business is conducted or where services or industrial operations are performed. A company or firm is comprised of one or more in-scope establishments that operate under the ownership or control of a single organization. For some industries, the reporting units are instead groups of all establishments in the same industry belonging to the same firm..Geography Coverage.The data are shown for the U.S. levels only. For information about economic census geographies, including changes for 2022, see Geographies..Industry Coverage.The data are shown at the 2- through 6-digit 2022 NAICS code levels for all economic census sectors except Agriculture (11) and Management of Companies and Enterprises (55). For information about NAICS, see Economic Census Code Lists..Business Characteristics.For Wholesale Trade (42), data are presented by Type of Operation (All establishments; Merchant Wholesalers, except Manufacturers’ Sales Branches and Offices; and Manufacturers’ Sales Branches and Offices)..Sampling.The 2022 Economic Census sample includes all active operating establishments of multi-establishment firms and approximately 1.7 million single-establishment firms, stratified by industry and state. Establishments selected to the sample receive a questionnaire. For all data on this table, establishments not selected into the sample are represented with administrative data. For more information about the sample design, see 2022 Economic Census Methodology..Confidentiality.The Census Bureau has reviewed this data product to ensure appropriate access, use, and disclosure avoidance protection of the confidential source data (Project No. 7504609, Disclosure Review Board (DRB) approval number: CBDRB-FY23-099).To protect confidentiality, the U.S. Census Bureau suppresses cell values to minimize the risk of identifying a particular business’ data or identity.To comply with disclosure avoidance guidelines, data rows with fewer than three contributing firms or three contributing establishments are not presented. Additionally, establishment counts are suppressed when other select statistics in the same row are suppressed. More information on disclosure avoidance is available in the 2022 Economic Census Methodology..Technical Documentation/Methodology.For detailed information about the methods used to collect data and produce statistics, survey questionnaires, Primary Business Activity/NAICS codes, NAPCS codes, and more, see Economic Census Technical Documentation..Weights.No weighting applied as establishments not sampled are represented with administrative data..Table Information.FTP Download.https://www2.census.gov/programs-surveys/economic-census/data/2022/sector00/.API Information.Economic census data are housed in the Census Bureau Application Programming Interface (API)..Symbols.D - Withheld to avoid disclosing data for individual companies; data are included in higher level totalsN - Not availa...

In North America Sharing Economy Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

According to Cognitive Market Research, the global Digital Remitances market size will be USD XX million in 2025. It will expand at a compound annual growth rate (CAGR) of XX% from 2025 to 2031.

North America held the major market share for more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031.


Europe accounted for a market share of over XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031.


Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031.


Latin America had a market share of more than XX% of the global revenue with a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031.


Middle East and Africa had a market share of around XX% of the global revenue and was estimated at a market size of USD XX million in 2025 and will grow at a CAGR of XX% from 2025 to 2031.

Market Drivers

The rising immigrant population and global brain drain are fueling the digital remittance market

The accelerating global movement of people—particularly from low- and middle-income nations to more developed economies—is a powerful force driving the digital remittance market. Migration today is not just about labor mobility; it's about financial connectivity. As skilled, semi-skilled, and even unskilled individuals relocate for better economic prospects, they become central agents in a transnational flow of capital—remittances—which are increasingly being digitized.

As of 2023, the international migrant population surpassed 280 million, representing over 3.5% of the world’s population (U.S. Census Bureau). Many of these migrants, including doctors, nurses, engineers, construction workers, and caregivers, contribute significantly to the labor markets in host countries while simultaneously supporting their families back home. This two-way economic impact—bolstering host economies while providing critical income to home countries—is increasingly mediated through digital remittance platforms. These figures underscore the fact that migrant workers are effectively one of the largest sources of foreign income for many nations, often surpassing both foreign aid and direct investment.

A growing share of these migrants are highly educated professionals, part of a broader trend known as "brain drain." Countries across South Asia, West Africa, and Eastern Europe are witnessing an outflow of talent, particularly in sectors like medicine, IT, and academia. While this raises challenges for the home country’s workforce development, it simultaneously boosts remittance flows as these skilled professionals tend to earn higher wages and remit more funds.

For instance,

The United Kingdom and Canada have both seen a surge in foreign-trained nurses and doctors, particularly from Nigeria, India, and the Philippines—countries that, in turn, have experienced an increase in remittance volumes. [ICN Report] 

These remittances play a vital role in supporting families and strengthening local economies, emphasizing the interconnectedness of global migration and economic stability. In Nigeria, authorities are targeting $1 billion in monthly remittance inflows, part of a broader initiative to tap diaspora capital through innovations such as a U.S. dollar-denominated diaspora bond and improved digital transfer frameworks (MSME Africa Online)

Immigration policy shifts in key remittance-sending countries like the U.S., Canada, Germany, and Gulf States have far-reaching effects on remittance volumes. Latin American economies such as Guatemala, Honduras, and El Salvador are particularly vulnerable to U.S. immigration changes. These three countries alone received $35 billion in remittances in 2023, primarily from migrants working in the United States. A recent report notes that U.S. election outcomes could significantly alter remittance flows, as immigration and deportation policies shape who can stay and work legally—and thus, continue to remit money (https://www.worldbank.org/en/news/press-release/2023/12/18/remittance-flows-grow-2023-slower-pace-migration-development-brief).

The rising global migrant workforce—fueled b...

Why does the U.S. government choose to initiate human rights-based economic sanc- tions against some highly repressive target countries, but not others? And, under what conditions does it do so? In this paper, I posit an interactive theory wherein I argue that diaspora size moderates the relationship between target human rights con- duct and the onset of human rights-based economic sanctions. I contend that as the size of a diaspora increases, its capacity to influence the onset of human rights-based economic sanctions strengthens, as it can more effectively 1) lobby decisionmakers in Congress and the White House directly as well as 2) indirectly via using contentious action to mobilize public opinion, which intensifies the pressure on Congresspersons and the President to act. To test my contention, I combine U.S. sanctions data with data on American diasporas and homeland human rights conduct and find that while diaspora size strongly and consistently moderates the relationship between homeland human rights conduct and the onset of Congressional sanctions, its moderating impact on Presidential sanctions is inconsistent and, moreover, negligible when addressing en- dogeneity and other concerns.

The size of the North America Industrial Manufacturing Industry market was valued at USD 58.35 Million in 2023 and is projected to reach USD 91.39 Million by 2032, with an expected CAGR of 6.62% during the forecast period. The North American industrial manufacturing industry is a cornerstone of economic growth, driving innovation and productivity across sectors. This industry encompasses a wide range of operations, including automotive, aerospace, electronics, machinery, and chemicals, each adapting to changing market demands and technological advancements. As of recent years, digital transformation has become pivotal, with companies increasingly adopting Industry 4.0 technologies like the Internet of Things (IoT), artificial intelligence (AI), robotics, and big data analytics. These innovations are enabling manufacturers to enhance efficiency, reduce costs, and improve production flexibility. A significant trend is the shift towards sustainable practices and renewable energy sources, partly driven by regulatory pressures and the growing emphasis on corporate social responsibility (CSR). Manufacturers are focusing on energy-efficient processes, circular economy principles, and low-emission manufacturing, aiming to meet environmental, social, and governance (ESG) standards. The supply chain disruptions, especially during the COVID-19 pandemic, underscored the need for resilience and prompted investments in supply chain diversification, automation, and local sourcing to mitigate risks. Recent developments include: June 2023: Honeywell, an American global company, and LG CNS are collaborating further to increase smart factories' production efficiency and security. Through this collaboration, the two companies will expand cooperation in building smart factories at home and abroad and strengthen OT (Operating Technology) security, which monitors the production process in real-time and remotely controls facilities., March 2023: LG Energy Solution announced an investment of around KRW 7.2 trillion (USD 5.5 billion) in building a battery manufacturing hub in Queen Creek, Arizona. This hub will include two facilities: one for making cylindrical batteries for electric vehicles (EVs) and another for producing lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS)., October 2022: Emerson announced the evolution of Plantweb, a digital ecosystem incorporating the AspenTech portfolio of asset optimization software powered by industrial artificial intelligence, creating the industry's most comprehensive digital transformation portfolio. Moreover, its Plantweb digital ecosystem, optimized by AspenTech, enables industrial manufacturers across all sectors to "See, Decide, Act, and Optimize" their operations.. Key drivers for this market are: Increasing Demand for Automation to Achieve Efficiency and Quality, Need for Compliance and Government Support for Digitization; Proliferation of Internet of Things. Potential restraints include: Concerns Regarding Data Security, High Initial Installation Costs and Lack of Skilled Workforce Preventing Enterprises from Full-scale Adoption. Notable trends are: Robotics is Expected to Witness Significant Growth.