The Gross Domestic Product (GDP) in the United States was worth 27720.71 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United States represents 26.29 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 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.

U.S. GDP for 2023 was 27.721 trillion US dollars, a 6.59% increase from 2022.

<ul style='margin-top:20px;'>

<li>U.S. GDP for 2022 was <strong>26.007 trillion US dollars</strong>, a <strong>9.82% increase</strong> from 2021.</li>
<li>U.S. GDP for 2021 was <strong>23.681 trillion US dollars</strong>, a <strong>10.9% increase</strong> from 2020.</li>
<li>U.S. GDP for 2020 was <strong>21.354 trillion US dollars</strong>, a <strong>0.86% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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 CCI: New York: Present Situation data was reported at 124.700 1985=100 in Apr 2025. This records an increase from the previous number of 120.900 1985=100 for Mar 2025. United States CCI: New York: Present Situation data is updated monthly, averaging 92.700 1985=100 from Feb 2007 (Median) to Apr 2025, with 219 observations. The data reached an all-time high of 162.500 1985=100 in Oct 2018 and a record low of 10.700 1985=100 in Feb 2010. United States CCI: New York: Present Situation data remains active status in CEIC and is reported by The Conference Board. The data is categorized under Global Database’s United States – Table US.H049: Consumer Confidence Index. [COVID-19-IMPACT]

Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q1 2025 about GDP and USA.

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.

Unemployment Rate in the United States remained unchanged at 4.20 percent in May. This dataset provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for State and Local government current transfer payments (NA000294Q) from Q1 1947 to Q1 2025 about transfers, state & local, payments, government, GDP, and USA.

Government spending in the United States was last recorded at 39.7 percent of GDP in 2024 . This dataset provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Report on Business: Current Business Condition Index: sa data was reported at 69.800 NA in Oct 2018. This records a decrease from the previous number of 72.500 NA for Sep 2018. United States Report on Business: Current Business Condition Index: sa data is updated monthly, averaging 56.200 NA from May 1993 (Median) to Oct 2018, with 306 observations. The data reached an all-time high of 83.200 NA in Nov 2006 and a record low of 22.300 NA in Oct 2001. United States Report on Business: Current Business Condition Index: sa data remains active status in CEIC and is reported by ISM-New York. The data is categorized under Global Database’s United States – Table US.S019: New York Business Condition Index.

By April 2026, it is projected that there is a probability of ***** percent that the United States will fall into another economic recession. This reflects a significant decrease from the projection of the preceding month.

United States - Government current expenditures: State and local: Economic affairs: Other economic affairs: Other was -0.60800 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Government current expenditures: State and local: Economic affairs: Other economic affairs: Other reached a record high of 0.32000 in January of 2004 and a record low of -0.60800 in January of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Government current expenditures: State and local: Economic affairs: Other economic affairs: Other - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for State and local government current tax receipts: Personal current taxes: Income taxes (B245RC1Q027SBEA) from Q1 1958 to Q1 2025 about state & local, receipts, tax, government, personal, income, GDP, and USA.

Consumer opinion surveys: Economic Situation: Future tendency: National indicator for the United States was -41.00% in April of 2025, according to the United States Federal Reserve. Historically, Consumer opinion surveys: Economic Situation: Future tendency: National indicator for the United States reached a record high of 49.00 in May of 1983 and a record low of -41.00 in April of 2025. Trading Economics provides the current actual value, an historical data chart and related indicators for Consumer opinion surveys: Economic Situation: Future tendency: National indicator for the United States - last updated from the United States Federal Reserve on May of 2025.

Leading Economic Index the United States increased to 99 in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Coincident Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Unemployment Rate: Age 25 to 54 data was reported at 3.000 % in Oct 2018. This records an increase from the previous number of 2.900 % for Sep 2018. United States Unemployment Rate: Age 25 to 54 data is updated monthly, averaging 4.400 % from Jan 1948 (Median) to Oct 2018, with 850 observations. The data reached an all-time high of 9.700 % in Jan 1983 and a record low of 1.800 % in Aug 1953. United States Unemployment Rate: Age 25 to 54 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.G018: Current Population Survey: Unemployment Rate.

United States - Government consumption expenditures and gross investments: State and local: Economic affairs: Transportation was 371.97000 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Government consumption expenditures and gross investments: State and local: Economic affairs: Transportation reached a record high of 371.97000 in January of 2023 and a record low of 10.97500 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Government consumption expenditures and gross investments: State and local: Economic affairs: Transportation - last updated from the United States Federal Reserve on June of 2025.

United States - Government consumption expenditures and gross investment: State and local: Economic affairs: Transportation was 130.94100 Index 2009=100 in January of 2023, according to the United States Federal Reserve. Historically, United States - Government consumption expenditures and gross investment: State and local: Economic affairs: Transportation reached a record high of 130.94100 in January of 2023 and a record low of 7.92000 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Government consumption expenditures and gross investment: State and local: Economic affairs: Transportation - last updated from the United States Federal Reserve on May of 2025.

Unemployment Rate: Male: Age 16 to 17 data was reported at 10.300 % in Oct 2018. This records a decrease from the previous number of 11.800 % for Sep 2018. Unemployment Rate: Male: Age 16 to 17 data is updated monthly, averaging 18.600 % from Jan 1948 (Median) to Oct 2018, with 850 observations. The data reached an all-time high of 38.100 % in Jun 2010 and a record low of 5.800 % in Oct 1948. Unemployment Rate: Male: Age 16 to 17 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.G018: Current Population Survey: Unemployment Rate.