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 2028 about projection, real, GDP, rate, and USA.

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.

Graph and download economic data for Contributions to percent change in real gross domestic product: Gross private domestic investment: Change in private inventories (A014RY2A224NBEA) from 1930 to 2024 about contributions, inventories, investment, domestic, percent, private, real, GDP, and USA.

In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
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.

Graph and download economic data for Contributions to percent change in real gross domestic product: Imports of goods and services (A021RY2Q224SBEA) from Q2 1947 to Q2 2025 about contributions, imports, percent, goods, services, real, GDP, and USA.

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.

Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Gross Domestic Product (CPGDPAI) from Q2 2005 to Q2 2025 about GDP, rate, and USA.

The state of North Dakota experienced the most significant growth in real GDP in 2023, growing 7.8 percent when compared to 2022. Texas and Oklahoma also experienced growth at or more than seven percent.

In the first quarter of 2025, the GDP of the United States was two percent higher compared to the first quarter of 2024. The gross domestic product refers to the market value of all final goods and services produced in a country within a given period.

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.

The latest data from show economic growth of 2.22 percent, which is a decrease from the rate of growth of 2.85 percent in the previous quarter and
a decrease compared to the growth rate of 3.33 percent in the same quarter last year. The economic growth time series for Brazil cover the period...

The latest data from show economic growth of 1.18 percent, which is an increase from the rate of growth of 0.66 percent in the previous quarter and
an increase compared to the growth rate of 1.15 percent in the same quarter last year. The economic growth time series for Mexico cover the period...

View quarterly updates and historical trends for US Real GDP QoQ. from United States. Source: Bureau of Economic Analysis. Track economic data with YChart…

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.

The latest data from show economic growth of 7.81 percent, which is an increase from the rate of growth of 7.38 percent in the previous quarter and
an increase compared to the growth rate of 6.51 percent in the same quarter last year. The economic growth time series for India cover the period...

The latest data from show economic growth of 5.2 percent, which is a decrease from the rate of growth of 5.4 percent in the previous quarter and
an increase compared to the growth rate of 4.7 percent in the same quarter last year. The economic growth time series for China cover the period from...

The latest data from show economic growth of 1.6 percent, which is an increase from the rate of growth of 0.7 percent in the previous quarter and
an increase compared to the growth rate of 0.5 percent in the same quarter last year. The economic growth time series for Sweden cover the period from...

View quarterly updates and historical trends for US Real GDP. from United States. Source: Bureau of Economic Analysis. Track economic data with YCharts an…

The latest data from show economic growth of 1.7 percent, which is a decrease from the rate of growth of 2.2 percent in the previous quarter and
a decrease compared to the growth rate of 2.1 percent in the same quarter last year. The economic growth time series for Greece cover the period from...

The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before. The last time the real GDP growth rates fell by a similar level was during the Great Recession in 2009, and the only other time since the Second World War where real GDP fell by more than one percent was in the early 1980s recession. The given records began following the Wall Street Crash in 1929, and GDP growth fluctuated greatly between the Great Depression and the 1950s, before growth became more consistent.