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) 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.

This graph shows a forecast of the gross domestic product of the United States of America for fiscal years 2024 to 2034. GDP refers to the market value of all final goods and services produced within a country in a given period. According to the CBO, the United States GDP will increase steadily over the next decade from 28.18 trillion U.S. dollars in 2023 to 41.65 trillion U.S. dollars in 2034. The annual GDP of the United States for recent years can be found here. Also, view the monthly inflation rate for the country.

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.

United States CA: saar: NNI: PI: Reinvested Earnings on US Direct Invt Abroad data was reported at -740.727 USD bn in Mar 2018. This records a decrease from the previous number of 352.446 USD bn for Dec 2017. United States CA: saar: NNI: PI: Reinvested Earnings on US Direct Invt Abroad data is updated quarterly, averaging 0.000 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 352.446 USD bn in Dec 2017 and a record low of -740.727 USD bn in Mar 2018. United States CA: saar: NNI: PI: Reinvested Earnings on US Direct Invt Abroad data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB073: Integrated Macroeconomic Accounts: Total Economy: Current Account.

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.

United States WE: Age 16 & Over: No. of Workers: Black or African American (BA) data was reported at 14,902.000 Person th in Mar 2020. This records a decrease from the previous number of 15,463.000 Person th for Dec 2019. United States WE: Age 16 & Over: No. of Workers: Black or African American (BA) data is updated quarterly, averaging 12,501.000 Person th from Mar 2000 (Median) to Mar 2020, with 81 observations. The data reached an all-time high of 15,843.000 Person th in Sep 2019 and a record low of 11,375.000 Person th in Mar 2010. United States WE: Age 16 & Over: No. of Workers: Black or African American (BA) data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G030: Current Population Survey: Usual Weekly Earnings.

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.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for United States (USAGDPNQDSMEI) from Q1 1960 to Q3 2023 about GDP and USA.

The average for 2023 based on 24 countries was 1348.43 billion U.S. dollars. The highest value was in the USA: 27720.71 billion U.S. dollars and the lowest value was in Dominica: 0.65 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The average for 2022 based on 17 countries was -3.33 percent. The highest value was in Bolivia: 2.1 percent and the lowest value was in Chile: -8.7 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bureau of the Fiscal Service provides Government Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Government Debt covers Central Government only.


Related information about United States Government Debt: % of GDP

• 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.

United States US: GDP: saar: Net Current Transfers from Abroad data was reported at -173.200 USD bn in 2016. This records a decrease from the previous number of -161.150 USD bn for 2015. United States US: GDP: saar: Net Current Transfers from Abroad data is updated yearly, averaging -17.050 USD bn from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 4.900 USD bn in 1991 and a record low of -173.200 USD bn in 2016. United States US: GDP: saar: Net Current Transfers from Abroad 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.

Graph and download economic data for Business Tendency Surveys: Export Order Books or Demand: Economic Activity: Manufacturing: Current for United States (BSXRLV02USM086S) from Jan 1990 to Jun 2025 about book, demand, business sentiment, orders, exports, Europe, business, manufacturing, indexes, and USA.

Germany: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 4659.93 billion U.S. dollars, an increase from 4525.7 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for Germany from 1960 to 2024 is 1924.88 billion U.S. dollars. The minimum value, 84.62 billion U.S. dollars, was reached in 1960 while the maximum of 4659.93 billion U.S. dollars was recorded in 2024.

Serbia: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 89.08 billion U.S. dollars, an increase from 81.34 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for Serbia from 1995 to 2024 is 41.4 billion U.S. dollars. The minimum value, 7.33 billion U.S. dollars, was reached in 2000 while the maximum of 89.08 billion U.S. dollars was recorded in 2024.

Graph and download economic data for Current Account Balance: Total Trade of Goods for the United States (DISCONTINUED) (BPBLTD01USA636S) from 1960 to 2013 about current account, BOP, trade, goods, and USA.

Thailand: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 526.41 billion U.S. dollars, an increase from 515.91 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for Thailand from 1960 to 2024 is 164.88 billion U.S. dollars. The minimum value, 2.76 billion U.S. dollars, was reached in 1960 while the maximum of 543.98 billion U.S. dollars was recorded in 2019.

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.

Quarterly Journal of Economics Impact Factor 2024-2025 - ResearchHelpDesk - The Quarterly Journal of Economics is a peer-reviewed academic journal published by the Oxford University Press for the Harvard University Department of Economics. Its current editors-in-chief are Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer, and Stefanie Stantcheva (Harvard University). It is the oldest professional journal of economics in the English language and covers all aspects of the field—from the journal's traditional emphasis on micro theory to both empirical and theoretical macroeconomics. According to the Journal Citation Reports, the journal has a 2015 impact factor of 6.662, ranking it first out of 347 journals in the category "Economics". It is generally regarded as one of the top 5 journals in economics, together with the American Economic Review, Econometrica, the Journal of Political Economy, and the Review of Economic Studies. The Quarterly Journal of Economics is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the field. QJE is invaluable to professional and academic economists and students around the world. Scope of the Journal The Quarterly Journal of Economics is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the field-from the journal's traditional emphasis on micro theory, to both empirical and theoretical macroeconomics. QJE is invaluable to professional and academic economists and students around the world. Impact Factor and Ranking Year Impact Factor Ssi: Economics 2020 15.563 1 out of 377 2019 11.375 1 out of 371 2018 11.775 1 out of 363 2017 7.863 1 out of 353 2016 6.662 1 out of 347 2015 5.538 2 out of 344 2014 6.654 1 out of 333 2013 5.966 3 out of 332 2012 5.278 2 out of 332 2011 5.920 2 out of 320 2010 5.940 2 out of 304 2009 5.647 2 out of 245 This information is taken from the Journal Citation Reports™ (Clarivate, 2021). Abstracting & Indexing Services The Quarterly Journal of Economics is covered by the following abstracting and indexing services: ABI-INFORM Book Review Digest Plus CAB Abstracts Coal Abstracts Criminal Justice Abstracts Current Contents: Social & Behavioral Sciences Current Index to Statistics Dietrich's Index Philosophicus Documentation in Public Administration EconLit Emerald Management Reviews Environmental RouteNet Environmental Sciences & Pollution Management Database Expanded Academic ASAP Family Index Historical Abstracts Human Resources Abstracts IBZ: International Bibliography of Periodical Literature Index of Economic Articles in Journals & Collected Volumes Index to Periodical Articles Related to Law International Bibliography of Humanities & Sociological Literature Leisure, Recreation, and Tourism Abstracts Leisure Tourism Database LexisNexis Operations Research - Management Science Peace Research Abstracts ProQuest Central Public Administration Abstracts Quality Control & Applied Statistics RePec Risk Abstracts SCOPUS Social Science Source Social Sciences Citation Index/Social SciSearch Social Sciences Index Social Work Abstracts Wilson Business Abstracts World Agricultural Economics & Rural Sociology Abstracts Zentralblatt MATH