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.

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.

In 2023, the real gross domestic product (GDP) of Michigan increased by roughly 1.9 percent compared to the previous year. 2021 saw the most growth experienced by the state's GDP since 2000. The significant growth of the Michigan GDP in that year can be attributed to the recovery from the COVID-19 pandemic.

The Gross Domestic Product (GDP) in Mexico expanded 0.80 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Colombia expanded 2.70 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Colombia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Taiwan expanded 5.48 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in France expanded 0.60 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - France GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the real gross domestic product (GDP) of Alabama increased by about 2.8 percent compared to the previous year. The largest growth occurred in 2004, when the real GDP increased by 6.7 percent. The GDP of the United States increased 2.9 percent in 2023.

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, the growth of the real gross domestic product in the United States was around 2.8 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information. Real gross domestic product (GDP) of the United States The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation. An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy. A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

Key information about Laos Real GDP Growth

• The Gross Domestic Product (GDP) in Laos expanded 3.5 % YoY in Dec 2021, following a growth of 3.3 % in the previous year.
• Real GDP Growth YoY data in Laos is updated yearly, available from Dec 2003 to Dec 2021, with an average rate of 7.2 %.
• The data reached an all-time high of 9.3 % in Dec 2007 and a record low of 3.3 % in Dec 2020.

CEIC calculates Real GDP Growth from annual Real GDP. Lao Statistics Bureau provides Real GDP in local currency, at 2012 prices. Real GDP Growth prior to 2013 is calculated from Real GDP at 2002 prices.


Related information about Laos Real GDP Growth

• In the latest reports, Nominal GDP of Laos reached 19.1 USD bn in Dec 2021.
• Its GDP deflator (implicit price deflator) increased 3.6 % in Dec 2021.
• GDP Per Capita in Laos reached 2,595.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 18.4 % in Dec 2016.
• For Nominal GDP contributions, Investment accounted for 29.0 % in Dec 2016.
• Public Consumption accounted for 14.0 % in Dec 2016.
• Private Consumption accounted for 64.4 % in Dec 2016.

The Gross Domestic Product (GDP) In the Euro Area expanded 1.50 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

Graph and download economic data for FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Low (GDPC1CTL) from 2025 to 2027 about projection, real, GDP, rate, and USA.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Illinois (ILRGSP) from 1997 to 2024 about IL, GSP, real, industry, GDP, and USA.

Key information about Myanmar Real GDP Growth

• The Gross Domestic Product (GDP) in Myanmar expanded 3.3 % YoY in Dec 2023, following a growth of 3.5 % in the previous year.
• Real GDP Growth YoY data in Myanmar is updated yearly, available from Dec 2011 to Dec 2023, with an average rate of 5.9 %.
• The data reached an all-time high of 8.4 % in Dec 2013 and a record low of -2.9 % in Dec 2021.

CEIC calculates annual Real GDP Growth from quarterly Real GDP. The Central Bank of Myanmar provides Real GDP in local currency, at 2015-2016 prices. Real GDP Growth prior to 2017 is calculated from Real GDP reported in annual frequency, ending in March of each year. Real GDP Growth prior to 2019 is calculated from Real GDP reported in annual frequency, ending in September of each year.