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.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2024, with projections up until 2030. The gross domestic product of the United States in 2024 amounted to around 29.18 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.

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

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 CSI: Current Economic Condition data was reported at 112.300 1966=100 in Nov 2018. This records a decrease from the previous number of 113.100 1966=100 for Oct 2018. United States CSI: Current Economic Condition data is updated monthly, averaging 102.000 1966=100 from Jan 1978 (Median) to Nov 2018, with 491 observations. The data reached an all-time high of 121.200 1966=100 in Mar 2018 and a record low of 57.500 1966=100 in Nov 2008. United States CSI: Current Economic Condition data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s United States – Table US.H025: Consumer Sentiment Index.

The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first 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.

View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

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 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 State and local government current expenditures: Interest payments: to persons and business (Y705RC1Q027SBEA) from Q1 1947 to Q1 2025 about state & local, payments, expenditures, business, government, personal, interest, GDP, and USA.

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]

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.

GDPS: saar: AZ: Pvt: Utilities data was reported at 7.186 USD bn in Jun 2018. This records an increase from the previous number of 7.085 USD bn for Mar 2018. GDPS: saar: AZ: Pvt: Utilities data is updated quarterly, averaging 6.182 USD bn from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 7.186 USD bn in Jun 2018 and a record low of 3.646 USD bn in Jun 2005. GDPS: saar: AZ: Pvt: Utilities data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A124: NIPA 2018: GDP by State: Southwest Region: Current Price: saar.

GDPS: saar: AZ: Pvt: Construction data was reported at 16.192 USD bn in Jun 2018. This records an increase from the previous number of 15.628 USD bn for Mar 2018. GDPS: saar: AZ: Pvt: Construction data is updated quarterly, averaging 12.277 USD bn from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 22.580 USD bn in Mar 2007 and a record low of 9.155 USD bn in Jun 2012. GDPS: saar: AZ: Pvt: Construction data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A124: NIPA 2018: GDP by State: Southwest Region: Current Price: saar.

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.

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 - Government current expenditures: State and local: Economic affairs: Other economic affairs: Energy was 0.00000 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: Energy reached a record high of 7.02400 in January of 2001 and a record low of -0.31900 in January of 2003. 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: Energy - last updated from the United States Federal Reserve on June of 2025.

United States - Government current expenditures: State and local: Economic affairs: Transportation was 194.31900 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Government current expenditures: State and local: Economic affairs: Transportation reached a record high of 194.31900 in January of 2023 and a record low of 4.53900 in January of 1959. 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: Transportation - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for State and local government current transfer receipts (NA000363Q) from Q1 1947 to Q1 2025 about transfers, state & local, receipts, government, GDP, and USA.