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: Economic: Business Conditions Trends data was reported at 128.000 1966=100 in May 2018. This records an increase from the previous number of 123.000 1966=100 for Apr 2018. United States CSI: Economic: Business Conditions Trends data is updated monthly, averaging 109.000 1966=100 from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 159.000 1966=100 in Jan 2000 and a record low of 25.000 1966=100 in Jun 2008. United States CSI: Economic: Business Conditions Trends data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions.

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.

United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data was reported at 23.000 % in May 2018. This stayed constant from the previous number of 23.000 % for Apr 2018. United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data is updated monthly, averaging 19.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 46.000 % in Apr 1980 and a record low of 6.000 % in May 1983. United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: And how about a year from now, do you expect that in the country as a whole, business conditions will be better, or worse than they are at present, or just about the same?

United States CSI: Economic: Recent Business Conditions: Prices data was reported at -4.000 % in May 2018. This records a decrease from the previous number of -3.000 % for Apr 2018. United States CSI: Economic: Recent Business Conditions: Prices data is updated monthly, averaging -1.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 14.000 % in Jan 2015 and a record low of -34.000 % in Jun 2008. United States CSI: Economic: Recent Business Conditions: Prices data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. During the last few months, have your heard of any favorable or unfavorable changes in business conditions? The question was: What did you hear?

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.

Unemployment Rate in the United States decreased to 4.10 percent in June from 4.20 percent in May of 2025. 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.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Historical chart and dataset showing U.S. GDP by year from 1960 to 2023.

United States State Leading Index: Massachusetts data was reported at 0.270 % in Jul 2018. This records a decrease from the previous number of 1.314 % for Jun 2018. United States State Leading Index: Massachusetts data is updated monthly, averaging 1.687 % from Jan 1982 (Median) to Jul 2018, with 439 observations. The data reached an all-time high of 5.452 % in Jun 1983 and a record low of -4.495 % in Jan 2009. United States State Leading Index: Massachusetts data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.S008: State Leading Index.

CSI: Economic: Recent Business Conditions: Government data was reported at -1.000 % in May 2018. This records an increase from the previous number of -4.000 % for Apr 2018. CSI: Economic: Recent Business Conditions: Government data is updated monthly, averaging -3.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 16.000 % in Jan 2018 and a record low of -35.000 % in Oct 2013. CSI: Economic: Recent Business Conditions: Government data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. During the last few months, have your heard of any favorable or unfavorable changes in business conditions? The question was: What did you hear?

United States Leading Index: US data was reported at 1.718 % in Feb 2020. This records an increase from the previous number of 1.573 % for Jan 2020. United States Leading Index: US data is updated monthly, averaging 1.536 % from Jan 1982 (Median) to Feb 2020, with 458 observations. The data reached an all-time high of 3.355 % in Nov 1983 and a record low of -2.654 % in Mar 2009. United States Leading Index: US data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s United States – Table US.S012: State Leading Index. The data predicts the six-month growth rate of the state’s coincident index. In addition to the coincident index, the models include other variables that lead the economy such as the state-level housing permits (1 to 4 units), initial unemployment insurance claims, delivery times from the Institute for Supply Management (ISM) manufacturing survey, and the interest rate spread between the 10-year Treasury bond and the 3-month Treasury bill. Given the sudden, extreme impact of the COVID-19 outbreak on initial unemployment claims in recent weeks, Federal Reserve Bank of Philadelphia researchers’ standard approach for estimating the six-month change in coincident indexes is not appropriate. Therefore, they suspended the release of the state leading indexes indefinitely.

CSI: Economic: Expected Business Conditions: Next Yr: Better data was reported at 31.000 % in May 2018. This records an increase from the previous number of 29.000 % for Apr 2018. CSI: Economic: Expected Business Conditions: Next Yr: Better data is updated monthly, averaging 26.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 55.000 % in May 1983 and a record low of 10.000 % in Mar 1979. CSI: Economic: Expected Business Conditions: Next Yr: Better data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: And how about a year from now, do you expect that in the country as a whole, business conditions will be better, or worse than they are at present, or just about the same?

United States CSI: Economic: Expected Buss Condition: Next 5Yrs: Good Times data was reported at 49.000 % in May 2018. This records a decrease from the previous number of 51.000 % for Apr 2018. United States CSI: Economic: Expected Buss Condition: Next 5Yrs: Good Times data is updated monthly, averaging 38.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 64.000 % in Sep 2000 and a record low of 10.000 % in Jul 1979. United States CSI: Economic: Expected Buss Condition: Next 5Yrs: Good Times data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: Looking ahead, which would you say is more likely -- that in the country as a whole we'll have continuous good times during the next 5 years, or that we'll have periods of widespread unemployment or depression, or what?

United States GDP Growth Tracker: Yo2Y data was reported at 5.414 % in 23 Apr 2023. This records a decrease from the previous number of 5.752 % for 16 Apr 2023. United States GDP Growth Tracker: Yo2Y data is updated weekly, averaging 4.092 % from May 2020 (Median) to 23 Apr 2023, with 155 observations. The data reached an all-time high of 23.838 % in 03 Apr 2022 and a record low of -8.163 % in 24 May 2020. United States GDP Growth Tracker: Yo2Y data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.WT: GDP Growth Tracker: Weekly.

United States CSI: Economic: Expected Business Condition: Next Yr: Not Applicable data was reported at 5.000 % in May 2018. This stayed constant from the previous number of 5.000 % for Apr 2018. United States CSI: Economic: Expected Business Condition: Next Yr: Not Applicable data is updated monthly, averaging 5.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 13.000 % in Jan 1993 and a record low of 0.000 % in Jul 2005. United States CSI: Economic: Expected Business Condition: Next Yr: Not Applicable data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: Now turning to business conditions in the country as a whole -- do you think that during the next 12 months we'll have good times financially or bad times or what?

United States CSI: Economic: Expected Business Condition: Next Yr: Good Times data was reported at 55.000 % in May 2018. This records an increase from the previous number of 49.000 % for Apr 2018. United States CSI: Economic: Expected Business Condition: Next Yr: Good Times data is updated monthly, averaging 44.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 77.000 % in Jan 2000 and a record low of 11.000 % in Apr 1980. United States CSI: Economic: Expected Business Condition: Next Yr: Good Times data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: Now turning to business conditions in the country as a whole -- do you think that during the next 12 months we'll have good times financially or bad times or what?

United States State Leading Index: Utah data was reported at 0.660 % in Jul 2018. This records a decrease from the previous number of 1.392 % for Jun 2018. United States State Leading Index: Utah data is updated monthly, averaging 2.082 % from Jan 1982 (Median) to Jul 2018, with 439 observations. The data reached an all-time high of 5.484 % in Sep 1983 and a record low of -6.286 % in Dec 2008. United States State Leading Index: Utah data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.S008: State Leading Index.

United States Financial Conditions Impulse on Growth, FCI-G Index (Baseline) data was reported at -0.200 Index in Mar 2025. This records an increase from the previous number of -0.265 Index for Feb 2025. United States Financial Conditions Impulse on Growth, FCI-G Index (Baseline) data is updated monthly, averaging -0.484 Index from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 1.969 Index in Feb 2009 and a record low of -1.752 Index in Jun 2021. United States Financial Conditions Impulse on Growth, FCI-G Index (Baseline) 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.S021: Financial Conditions Impulse on Growth.

United States CSI: Economic: Business Conditions Trends: Continuous Increase data was reported at 28.000 % in May 2018. This records an increase from the previous number of 25.000 % for Apr 2018. United States CSI: Economic: Business Conditions Trends: Continuous Increase data is updated monthly, averaging 16.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 42.000 % in May 1983 and a record low of 1.000 % in Jan 2009. United States CSI: Economic: Business Conditions Trends: Continuous Increase data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions.