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.

Analysis of ‘USA Key Economic Indicators’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/calven22/usa-key-macroeconomic-indicators on 28 January 2022.

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Context

Domino’s Pizza, like many other restaurant chains, is getting pinched by higher food costs. The company’s chief executive, Richard Allison, anticipates “unprecedented increases” in the company’s food costs, which could jump by 8-10%. He said that is three to four times what the pizza chain would normally expect in a year.

This leads to the paramount issue of inflation which affects every aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, and interest rates. The recent release of consumer inflation data showed prices rose at the fastest pace since 1982. Inflation forecasting is key in the conduct of monetary policy and can be used in many other ways such as preserving asset values. This dataset is a consolidated macroeconomic official statistics from 1981 to 2021, containing data available in month and quarterly format.

Content

The Core Consumer Price Index (ccpi) measures the changes in the price of goods and services, excluding food and energy due to their volatility. It measures price change from the perspective of the consumer. It is a often used to measure changes in purchasing trends and inflation.

Do note there are some null values in the dataset.

Acknowledgements

All data belongs to the U.S. Bureau of Economic Analysis official release, and are retrieved from FRED, Federal Reserve Bank of St. Louis.

Inspiration

What are some noticeable patterns or seasonality of the economy? What are the current trends of the economy? Which indicators has an effect on Core CPI or vice-versa based on predictive power or influence?

Quarterly data and monthly data can be merged with forward-fill or interpolation methods.

What is the forecast of Core CPI in 2022?

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Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q4 2024 about GDP and USA.

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.

U.S. economic growth for 2018 was $20,891, a 1.13% increase from 2018.

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

<li>U.S. economic growth for 2018 was <strong>$20,658</strong>, a <strong>1.21% increase</strong> from 2018.</li>
<li>U.S. economic growth for 2018 was <strong>$20,412</strong>, a <strong>1.85% increase</strong> from 2018.</li>
<li>U.S. economic growth for 2018 was <strong>$20,041</strong>, a <strong>1.05% increase</strong> from 2017.</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.

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.

Unemployment Rate: Full Time data was reported at 3.400 % in Oct 2018. This stayed constant from the previous number of 3.400 % for Sep 2018. Unemployment Rate: Full Time data is updated monthly, averaging 5.500 % from Jan 1963 (Median) to Oct 2018, with 670 observations. The data reached an all-time high of 11.900 % in Feb 1983 and a record low of 2.500 % in Dec 1968. Unemployment Rate: Full Time data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.G018: Current Population Survey: Unemployment Rate.

By November 2025, it is projected that there is a probability of 33.56 percent that the United States will fall into another economic recession. This reflects a significant decrease from the projection of the preceding month.

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.

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.

Household Saving Rate in the United States increased to 4.90 percent in April from 4.30 percent in March of 2025. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

AHE: sa: PW: FA: Nondepository Credit Intermediation data was reported at 37.010 USD in Mar 2025. This records an increase from the previous number of 36.930 USD for Feb 2025. AHE: sa: PW: FA: Nondepository Credit Intermediation data is updated monthly, averaging 19.610 USD from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 37.010 USD in Mar 2025 and a record low of 9.830 USD in Feb 1990. AHE: sa: PW: FA: Nondepository Credit Intermediation data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G: Current Employment Statistics: Average Hourly Earnings: Production Workers: Seasonally Adjusted.

AHE: sa: PW: EH: Child & Youth Services data was reported at 24.850 USD in Mar 2025. This records an increase from the previous number of 24.750 USD for Feb 2025. AHE: sa: PW: EH: Child & Youth Services data is updated monthly, averaging 15.010 USD from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 24.850 USD in Mar 2025 and a record low of 8.520 USD in Jan 1990. AHE: sa: PW: EH: Child & Youth Services data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G: Current Employment Statistics: Average Hourly Earnings: Production Workers: Seasonally Adjusted.

AHE: sa: PW: EH: Other Ambulatory Health Care Services data was reported at 30.160 USD in Mar 2025. This records a decrease from the previous number of 30.270 USD for Feb 2025. AHE: sa: PW: EH: Other Ambulatory Health Care Services data is updated monthly, averaging 15.700 USD from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 30.430 USD in Jan 2025 and a record low of 9.000 USD in Feb 1990. AHE: sa: PW: EH: Other Ambulatory Health Care Services data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G: Current Employment Statistics: Average Hourly Earnings: Production Workers: Seasonally Adjusted.

Avg Weekly Hours: Mining & Logging data was reported at 46.500 Hour in Jun 2018. This records an increase from the previous number of 46.000 Hour for May 2018. Avg Weekly Hours: Mining & Logging data is updated monthly, averaging 44.000 Hour from Mar 2006 (Median) to Jun 2018, with 148 observations. The data reached an all-time high of 46.500 Hour in Jun 2018 and a record low of 41.200 Hour in Apr 2009. Avg Weekly Hours: Mining & Logging data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.G037: Current Employment Statistics Survey: Average Weekly Hours.

AHE: sa: PW: EH: Medical & Diagnostic Laboratories data was reported at 39.650 USD in Mar 2025. This records an increase from the previous number of 39.180 USD for Feb 2025. AHE: sa: PW: EH: Medical & Diagnostic Laboratories data is updated monthly, averaging 21.850 USD from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 39.650 USD in Mar 2025 and a record low of 10.850 USD in Jan 1990. AHE: sa: PW: EH: Medical & Diagnostic Laboratories data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G: Current Employment Statistics: Average Hourly Earnings: Production Workers: Seasonally Adjusted.

AHE: sa: PW: EH: Offices of Dentists data was reported at 33.170 USD in Mar 2025. This records a decrease from the previous number of 33.560 USD for Feb 2025. AHE: sa: PW: EH: Offices of Dentists data is updated monthly, averaging 18.430 USD from Jan 1982 (Median) to Mar 2025, with 519 observations. The data reached an all-time high of 33.700 USD in Oct 2024 and a record low of 6.810 USD in Jan 1982. AHE: sa: PW: EH: Offices of Dentists data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G076: Current Employment Statistics: Average Hourly Earnings: Production Workers: Seasonally Adjusted.

AHE: sa: PW: FA: Insurance Agencies, Brokerages & Related Services data was reported at 36.150 USD in Mar 2025. This records an increase from the previous number of 35.970 USD for Feb 2025. AHE: sa: PW: FA: Insurance Agencies, Brokerages & Related Services data is updated monthly, averaging 20.510 USD from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 36.150 USD in Mar 2025 and a record low of 11.260 USD in Jan 1990. AHE: sa: PW: FA: Insurance Agencies, Brokerages & Related Services data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G: Current Employment Statistics: Average Hourly Earnings: Production Workers: Seasonally Adjusted.

United States Unemployment Rate: PW: NA: Other Services (OS) data was reported at 3.800 % in Feb 2025. This records an increase from the previous number of 2.200 % for Jan 2025. United States Unemployment Rate: PW: NA: Other Services (OS) data is updated monthly, averaging 8.000 % from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 22.600 % in Apr 2020 and a record low of 2.200 % in Jan 2025. United States Unemployment Rate: PW: NA: Other Services (OS) data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G037: Current Population Survey: Unemployment Rate.