In December 2024, a public opinion survey found that only six percent of Americans felt that the economy was in an excellent state. Of the Americans surveyed, 38 percent considered the economy to be in a poor state.

In 2023, the U.S. GDP increased from the previous year to about 27.36 trillion U.S. dollars. This increase in GDP can be attributed to a continued rebound from the impact of the coronavirus pandemic. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2023, the United States has the largest economy in the world. See, for example, the Russian GDP for comparison.

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.

United States CA: saar: Less: Other Current Transfers Paid data was reported at 1,021.811 USD bn in Sep 2018. This records an increase from the previous number of 992.528 USD bn for Jun 2018. United States CA: saar: Less: Other Current Transfers Paid data is updated quarterly, averaging 137.967 USD bn from Dec 1951 (Median) to Sep 2018, with 268 observations. The data reached an all-time high of 1,021.811 USD bn in Sep 2018 and a record low of 0.000 USD bn in Dec 1958. United States CA: saar: Less: Other Current Transfers Paid data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.AB073: Integrated Macroeconomic Accounts: Total Economy: Current Account.

In 2025, the outlook on the current state of the Dominican Republic's economy was quite negative. Around 60 percent of respondents said the outlook for the Dominican economy was very bad or bad, while almost 23 percent said it was average.

Argentina Consumer Confidence Score: Current Local Economy data was reported at -91.000 Score in Jan 2023. This records a decrease from the previous number of -90.000 Score for Dec 2022. Argentina Consumer Confidence Score: Current Local Economy data is updated monthly, averaging -49.600 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of -21.600 Score in Nov 2011 and a record low of -91.000 Score in Jan 2023. Argentina Consumer Confidence Score: Current Local Economy data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Argentina – Table AR.IPSOS: Consumer Confidence Survey.

Poland Consumer Confidence Score: Current Local Economy data was reported at -43.000 Score in Jan 2023. This records an increase from the previous number of -44.000 Score for Dec 2022. Poland Consumer Confidence Score: Current Local Economy data is updated monthly, averaging -40.000 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of -16.000 Score in Nov 2019 and a record low of -60.400 Score in Apr 2013. Poland Consumer Confidence Score: Current Local Economy data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Poland – Table PL.IPSOS: Consumer Confidence Survey.

Italy's Gross Domestic Product (GDP) amounted to 2.13 trillion euros in 2023. The Italian economy grew at low rates between 2010 and 2019, and significantly shrank in 2020 following the consequences of the pandemic on the global economy. However, since 2021, GDP recorded a steady uprise, with remarkably higher growth rates compared to the pre-pandemic period. A difficult outlook for the Italian economy Besides the positive performance recorded right after the COVID-19 pandemic, projections indicate a different outlook. The slow growth of the Italian economy, less than one percent each year from 2024 to 2029, is believed to remove Italy from the giants of the global players. Indeed, by 2028, the ranking of the world's largest economies might appear quite different from the present one. In addition to slow growth, Italy's economy is characterized by large internal disparities. After 160 years of national unity, the country is economically still very divided, as data on unemployment, GDP, and poverty confirm. National debt: Italy's most difficult challenge Italy still ranges among the top-20 largest economies in the world. However, the large amount of the national debt risks hampering future growth. In 2023, it reached 134 percent of the GDP, equivalent to 3.1 trillion U.S. dollars, and forecasts expect figures to increase over the coming years. By 2029, the debt-to-GDP ratio may hit 145 percent. A large amount of national debt significantly limits the government's possibility to earmark resources for public investments. In fact, a considerable share of the state budget is devoted to reimbursing the debt.

Sweden Consumer Confidence Score: Current Local Economy data was reported at -9.000 Score in Jan 2023. This records a decrease from the previous number of -5.000 Score for Dec 2022. Sweden Consumer Confidence Score: Current Local Economy data is updated monthly, averaging 1.400 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 14.300 Score in Oct 2017 and a record low of -9.000 Score in Jan 2023. Sweden Consumer Confidence Score: Current Local Economy data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Sweden – Table SE.IPSOS: Consumer Confidence Survey.

This dataset contains World GDP, PPP (current international $). Data from The World Bank. Follow datasource.kapsarc.org for timely data to advance energy economics research.

PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP 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 international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

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.

Mexico Consumer Confidence Score: Current Local Economy data was reported at -15.000 Score in Jan 2023. This records an increase from the previous number of -22.000 Score for Dec 2022. Mexico Consumer Confidence Score: Current Local Economy data is updated monthly, averaging -43.000 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of -15.000 Score in Jan 2023 and a record low of -63.600 Score in Jan 2017. Mexico Consumer Confidence Score: Current Local Economy data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Mexico – Table MX.IPSOS: Consumer Confidence Survey.

Brazil Consumer Confidence Score: Current Local Economy: Positive Response data was reported at 13.881 Score in Jan 2023. This records an increase from the previous number of 13.669 Score for Dec 2022. Brazil Consumer Confidence Score: Current Local Economy: Positive Response data is updated monthly, averaging 8.494 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 21.894 Score in Aug 2010 and a record low of 2.638 Score in Dec 2017. Brazil Consumer Confidence Score: Current Local Economy: Positive Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Brazil – Table BR.IPSOS: Consumer Confidence Survey.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2023, with projections up until 2029. The gross domestic product of the United States in 2023 amounted to around 27.72 trillion U.S. dollars. The United States and the economy The United States’ economy is by far the largest in the world; a status which can be determined by several key factors, one being gross domestic product: A look at the GDP of the main industrialized and emerging countries shows a significant difference between US GDP and the GDP of China, the runner-up in the ranking, as well as the followers Japan, Germany and France. Interestingly, it is assumed that China will have surpassed the States in terms of GDP by 2030, but for now, the United States is among the leading countries in almost all other relevant rankings and statistics, trade and employment for example. See the U.S. GDP growth rate here. Just like in other countries, the American economy suffered a severe setback when the economic crisis occurred in 2008. The American economy entered a recession caused by the collapsing real estate market and increasing unemployment. Despite this, the standard of living is considered quite high; life expectancy in the United States has been continually increasing slightly over the past decade, the unemployment rate in the United States has been steadily recovering and decreasing since the crisis, and the Big Mac Index, which represents the global prices for a Big Mac, a popular indicator for the purchasing power of an economy, shows that the United States’ purchasing power in particular is only slightly lower than that of the euro area.

Hungary Consumer Confidence Score: Current Local Economy data was reported at -55.000 Score in Jan 2023. This records an increase from the previous number of -56.000 Score for Dec 2022. Hungary Consumer Confidence Score: Current Local Economy data is updated monthly, averaging -56.000 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of -29.800 Score in Mar 2010 and a record low of -78.100 Score in Feb 2012. Hungary Consumer Confidence Score: Current Local Economy data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Hungary – Table HU.IPSOS: Consumer Confidence Survey.

Graph and download economic data for Current Account Credit: Total Services for the OECD Total Area (DISCONTINUED) (BPCRSE01O1A637S) from 1996 to 2002 about OECD Economies, current account, BOP, credits, and services.

Graph and download economic data for Current Account Debit: Trade: Total Imports of Goods for the United States (DISCONTINUED) (BPDBTD01USA637S) from 1960 to 2013 about debit, current account, BOP, imports, trade, goods, and USA.

Timor-Leste BoP: Current Account: Services: Manufacturing Services on Physical Inputs Owned by Others: Goods for Processing: Processing in Reporting Economy: Debit data was reported at 0.000 USD mn in Sep 2024. This stayed constant from the previous number of 0.000 USD mn for Jun 2024. Timor-Leste BoP: Current Account: Services: Manufacturing Services on Physical Inputs Owned by Others: Goods for Processing: Processing in Reporting Economy: Debit data is updated quarterly, averaging 0.000 USD mn from Mar 2019 (Median) to Sep 2024, with 23 observations. The data reached an all-time high of 0.000 USD mn in Sep 2024 and a record low of 0.000 USD mn in Sep 2024. Timor-Leste BoP: Current Account: Services: Manufacturing Services on Physical Inputs Owned by Others: Goods for Processing: Processing in Reporting Economy: Debit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Timor-Leste – Table TL.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation.

Graph and download economic data for Current Account Credit: Trade: Total Exports of Goods for New Zealand (DISCONTINUED) (BPCRTD01NZQ636S) from Q1 1987 to Q1 2014 about New Zealand, current account, BOP, credits, exports, trade, and goods.

Graph and download economic data for Current Account Debit: Trade: Total Imports of Goods for Luxembourg (DISCONTINUED) (BPDBTD01LUQ637S) from Q1 1995 to Q1 2014 about debit, Luxembourg, current account, BOP, imports, trade, and goods.

United States WE: Full Time: FF: Male data was reported at 601.000 USD in Mar 2020. This records an increase from the previous number of 597.000 USD for Dec 2019. United States WE: Full Time: FF: Male data is updated quarterly, averaging 427.000 USD from Mar 2000 (Median) to Mar 2020, with 81 observations. The data reached an all-time high of 634.000 USD in Jun 2018 and a record low of 302.000 USD in Dec 2000. United States WE: Full Time: FF: Male 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.