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

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 statistic shows global gross domestic product (GDP) from 1985 to 2024, with projections up until 2030. In 2020, global GDP amounted to about 85.76 trillion U.S. dollars, two and a half trillion lower than in 2019. Gross domestic product Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually. GDP is significant in determining the economic health, growth and productivity in the country, and is a stat often used when comparing several countries at a time, most likely in order to determine which country has seen the most progress. Until 2020, Global GDP had experienced a growth every year since 2010. However, a strong growth rate does not necessarily lead to all positive outcomes and often has a negative effect on inflation rates. A severe growth in GDP leads to lower unemployment, however lower unemployment often leads to higher inflation rates due to demand increasing at a much higher rate than supply and as a result prices rise accordingly. In terms of unemployment, growth had been fairly stagnant since the economic downturn of 2007-2009, but it remains to be seen what the total impact of the coronavirus pandemic will be on total employment.

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

This dataset contains Annual GDP using chained dollars from previous period by sector from 1997 to present (most recent as reported by U.S. Bureau of Economic Analysis) for Maryland and United States.

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 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

What does GDP growth mean?

Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022.

Countries with highest GDP growth rate

Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

The dataset provides annual insights into the economic performance of Trinidad and Tobago, focusing on Gross Domestic Product (GDP) at producer prices and other related indicators. Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it is a comprehensive scorecard of a country’s economic health.

Graph and download economic data for Gross National Product (GNPA) from 1929 to 2024 about GNP, GDP, and USA.

National Accounts

The System of National Accounts is a comprehensive, accounting framework within which economic data can be presented on the operation of the nation’s economy in much the same way as business accounts describe the operation of an enterprise. It is based on a set of internationally agreed concepts, definitions, classifications and accounting rules within which economic data can be presented.

The Jamaican System of National Accounts is based on the United Nations System of National Accounts 1993 (1993 SNA). The classification of industries used in the accounts is the Jamaica Industrial Classification (JIC 2005). This is a local adaptation of the United Nations International Standard Industrial Classification of all Economic Activities (ISIC Rev.3).

United States US: Gross Domestic Product (GDP): Seasonally Adjusted at Annual Rates (saar) data was reported at 18,569.100 USD bn in 2016. This records an increase from the previous number of 18,036.700 USD bn for 2015. United States US: Gross Domestic Product (GDP): Seasonally Adjusted at Annual Rates (saar) data is updated yearly, averaging 3,253.180 USD bn from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 18,569.100 USD bn in 2016 and a record low of 267.225 USD bn in 1949. United States US: Gross Domestic Product (GDP): Seasonally Adjusted at Annual Rates (saar) data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual.

Key information about Qatar Gross National Product (GNP)

• Qatar Gross National Product (GNP) was reported at 206.929 USD bn in Dec 2023.
• This records a decrease from the previous number of 227.482 USD bn for Dec 2022.
• Qatar Gross National Product (GNP) data is updated yearly, averaging 9.749 USD bn from Dec 1970 to 2023, with 54 observations.
• The data reached an all-time high of 227.482 USD bn in 2022 and a record low of 287.784 USD mn in 1970.

• Qatar Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• The World Bank provides annual Gross National Product in USD.

The statistic shows the gross domestic product (GDP) per capita in the United States from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in the United States amounted to around 85,812.18 U.S. dollars. Thus, the United States is one of the countries with the largest GDP per capita worldwide. See the U.S. GDP growth rate here and the US GDP for further information. For comparison, per capita GDP in China had reached about 5,553 U.S. dollars in 2011. Gross domestic product of the United States The gross domestic product (GDP) of a country is an economic key figure, as it represents the market value of goods and services produced in a country within one year. The United States’ GDP) is increasing consistently, and it is expected to continue growing. On a global scale, the U.S. share of GDP adjusted for Purchasing Power Parity has been in the range of 20 percent over the last few years, give or take a few percentage points. The United States has the largest GDP worldwide, with a significant lead over China, Japan and Germany. Gross domestic product per capita is annual GDP divided by the average population from the same year, which allows for a GDP calculation per inhabitant of a country. Thus, a country with a high GDP, like the United States, can still have a low GDP per capita. Consequently, if compared to other countries, the United States does not rank among the top ten on this list .

Gross National Product in the United States decreased to 23561.70 USD Billion in the first quarter of 2025 from 23620.90 USD Billion in the fourth quarter of 2024. This dataset provides - United States Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

AF: Gross National Income: USD data was reported at 17.315 USD bn in 2023. This records an increase from the previous number of 14.540 USD bn for 2022. AF: Gross National Income: USD data is updated yearly, averaging 18.038 USD bn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 20.560 USD bn in 2014 and a record low of 7.100 USD bn in 2006. AF: Gross National Income: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Afghanistan – Table AF.World Bank.IDS: Gross Domestic Product: Annual. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.

The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first 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.

This dataset provides both quarterly and annual estimates of the value of the goods and services produced in Iowa as provided by the U.S. Department of Commerce, Bureau of Economic Analysis in tables SAGDP2N, SAGDP9N, SAGDP10N, SQGDP2, and SQGDP9. Annual data is available beginning in 1997, and quarterly beginning 2005. The data include breakdowns of industries' contributions. Quarterly estimates are presented as an annual rate.

Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The Iowa GDP a state counterpart to the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Iowa GDP differs from national GDP for the following reasons: Iowa GDP excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and Iowa GDP and national GDP have different revision schedules. GDP is reported in millions of current dollars.

Real GDP is an inflation-adjusted measure of Iowa's gross product that is based on national prices for the goods and services produced within Iowa. The real estimates of gross domestic product (GDP) are measured in millions of chained dollars.

The annual per capita real GDP is also provided and is measured in chained dollars. In calculating the per capita real GDP, the real GDP is divided by the Census Bureau’s annual midyear (July 1) population estimates for the year.

In most years since 1980, global GDP growth has been relatively consistent, generally fluctuating between two and five percent growth from year to year. The most notable exceptions to this were during the Great Recession in 2009, and again in 2020 during the Covid-19 pandemic, where the global economy actually shrank in both of these years. As the world economy continues to deal with the economic impact of the pandemic, as well as the fallout from Russia's invasion of Ukraine in 2022, the future remains uncertain, however current estimates suggest that annual growth will return to steady figures of around 3 percent in 2029.

Graph and download economic data for Gross National Product (GNP) from Q1 1947 to Q1 2025 about GNP, GDP, and USA.

As of the third quarter of 2024, the GDP of the U.S. grew by 2.8 percent from the second 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.