U.S. gdp growth rate for 2023 was 2.89%, a 0.38% increase from 2022.

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

<li>U.S. gdp growth rate for 2022 was <strong>2.51%</strong>, a <strong>3.54% decline</strong> from 2021.</li>
<li>U.S. gdp growth rate for 2021 was <strong>6.06%</strong>, a <strong>8.22% increase</strong> from 2020.</li>
<li>U.S. gdp growth rate for 2020 was <strong>-2.16%</strong>, a <strong>4.75% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

From the Summer of 2007 until the end of 2009 (at least), the world was gripped by a series of economic crises commonly known as the Global Financial Crisis (2007-2008) and the Great Recession (2008-2009). The financial crisis was triggered by the collapse of the U.S. housing market, which caused panic on Wall Street, the center of global finance in New York. Due to the outsized nature of the U.S. economy compared to other countries and particularly the centrality of U.S. finance for the world economy, the crisis spread quickly to other countries, affecting most regions across the globe. By 2009, global GDP growth was in negative territory, with international credit markets frozen, international trade contracting, and tens of millions of workers being made unemployed.

Global similarities, global differences

Since the 1980s, the world economy had entered a period of integration and globalization. This process particularly accelerated after the collapse of the Soviet Union ended the Cold War (1947-1991). This was the period of the 'Washington Consensus', whereby the U.S. and international institutions such as the World Bank and IMF promoted policies of economic liberalization across the globe. This increasing interdependence and openness to the global economy meant that when the crisis hit in 2007, many countries experienced the same issues. This is particularly evident in the synchronization of the recessions in the most advanced economies of the G7. Nevertheless, the aggregate global GDP number masks the important regional differences which occurred during the recession. While the more advanced economies of North America, Western Europe, and Japan were all hit hard, along with countries who are reliant on them for trade or finance, large emerging economies such as India and China bucked this trend. In particular, China's huge fiscal stimulus in 2008-2009 likely did much to prevent the global economy from sliding further into a depression. In 2009, while the United States' GDP sank to -2.6 percent, China's GDP, as reported by national authorities, was almost 10 percent.

The Gross Domestic Product (GDP) in Belarus expanded 3.20 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Belarus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman OM: GDP: Growth: Gross Value Added: Agriculture data was reported at 4.328 % in 2015. This records an increase from the previous number of 1.787 % for 2014. Oman OM: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 2.588 % from Dec 2011 (Median) to 2015, with 5 observations. The data reached an all-time high of 14.551 % in 2013 and a record low of -0.488 % in 2011. Oman OM: GDP: Growth: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Oman – Table OM.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

Poland's GDP was *** percent higher in 2023 than the previous year. The Gross Domestic Product refers to the market value of all final goods and services produced in a country within a given period.Poland's GDP amounted to *** trillion zloty in 2023, an increase of ** percent yearly.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

World gdp growth rate for 2023 was 2.83%, a 0.4% decline from 2022.

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

<li>World gdp growth rate for 2022 was <strong>3.24%</strong>, a <strong>3.11% decline</strong> from 2021.</li>
<li>World gdp growth rate for 2021 was <strong>6.35%</strong>, a <strong>9.23% increase</strong> from 2020.</li>
<li>World gdp growth rate for 2020 was <strong>-2.88%</strong>, a <strong>5.55% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

The Global Financial Crisis (2007-2008), which began due to the collapse of the U.S. housing market, had a negative effect in many regions across the globe. The global recession which followed the crisis in 2008 and 2009 showed how interdependent and synchronized many of the world's economies had become, with the largest advanced economies showing very similar patterns of negative GDP growth during the crisis. Among the largest emerging economies (commonly referred to as the 'E7'), however, a different pattern emerged, with some countries avoiding a recession altogether. Some commentators have particularly pointed to 2008-2009 as the moment in which China emerged on the world stage as an economic superpower and a key driver of global economic growth. The Great Recession in the developing world While some countries, such as Russia, Mexico, and Turkey, experienced severe recessions due to their connections to the United States and Europe, others such as China, India, and Indonesia managed to record significant economic growth during the period. This can be partly explained by the decoupling from western financial systems which these countries undertook following the Asian financial crises of 1997, making many Asian nations more wary of opening their countries to 'hot money' from other countries. Other likely explanations of this trend are that these countries have large domestic economies which are not entirely reliant on the advanced economies, that their export sectors produce goods which are inelastic (meaning they are still bought during recessions), and that the Chinese economic stimulus worth almost 600 billion U.S. dollars in 2008/2009 increased growth in the region.

Taiwan Economic Growth Rate data was reported at 2.270 % in Sep 2018. This records a decrease from the previous number of 3.290 % for Jun 2018. Taiwan Economic Growth Rate data is updated quarterly, averaging 7.150 % from Mar 1962 (Median) to Sep 2018, with 227 observations. The data reached an all-time high of 17.260 % in Sep 1978 and a record low of -7.880 % in Mar 2009. Taiwan Economic Growth Rate data remains active status in CEIC and is reported by Directorate-General of Budget, Accounting and Statistics, Executive Yuan. The data is categorized under Global Database’s Taiwan – Table TW.AA001: SNA 08: Reference Year=2011: GDP: by Expenditure: Current Price.

The Gross Domestic Product (GDP) in Nigeria expanded 3.84 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Nigeria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Indonesia Real GDP Growth

• The Gross Domestic Product (GDP) in Indonesia expanded 5.0 % YoY in Dec 2022, following a growth of 5.7 % in the previous quarter.
• Real GDP Growth YoY data in Indonesia is updated quarterly, available from Mar 1994 to Dec 2022, with an average rate of 5.1 %.
• The data reached an all-time high of 10.7 % in Jun 1994 and a record low of -18.3 % in Dec 1998.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Central Bureau of Statistics provides Real GDP in local currency, at 2010 prices, based on SNA 2008. Real GDP Growth prior to Q1 2011 is calculated from Real GDP at 2000 prices and prior to Q1 2001 from Real GDP at 1993 prices, both based on SNA 1993. CEIC menghitung Pertumbuhan PDB Riil dari PDB Riil triwulanan. BPS menyediakan PDB Riil dalam mata uang dalam negeri, pada harga tahun 2010.


Related information about Indonesia Real GDP Growth

• In the latest reports, Nominal GDP of Indonesia reached 328.6 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 8.3 % in Dec 2022.
• GDP Per Capita in Indonesia reached 4,783.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 37.3 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 27.6 % in Dec 2022.
• Public Consumption accounted for 9.9 % in Dec 2022.
• Private Consumption accounted for 52.8 % in Dec 2022.

Greece GR: GDP: Growth data was reported at 1.351 % in 2017. This records an increase from the previous number of -0.244 % for 2016. Greece GR: GDP: Growth data is updated yearly, averaging 3.073 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 11.150 % in 1961 and a record low of -9.132 % in 2011. Greece GR: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Eritrea ER: GDP: Growth: Adjusted Net National Income per Capita data was reported at -20.911 % in 2011. This records a decrease from the previous number of 1.785 % for 2010. Eritrea ER: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging -2.078 % from Dec 1994 (Median) to 2011, with 18 observations. The data reached an all-time high of 14.786 % in 1994 and a record low of -20.911 % in 2011. Eritrea ER: GDP: Growth: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Eritrea – Table ER.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

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 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.

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.

China gdp growth rate for 2023 was 5.20%, a 2.21% increase from 2022.

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

<li>China gdp growth rate for 2022 was <strong>2.99%</strong>, a <strong>5.46% decline</strong> from 2021.</li>
<li>China gdp growth rate for 2021 was <strong>8.45%</strong>, a <strong>6.21% increase</strong> from 2020.</li>
<li>China gdp growth rate for 2020 was <strong>2.24%</strong>, a <strong>3.71% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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

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What you should know about this indicator This GDP per capita indicator provides information on economic growth and income levels in the very long run. Some country estimates are available as far back as 1 CE and regional estimates as far back as 1820 CE. This data is adjusted for inflation and for differences in the cost of living between countries. This data is expressed in international-$ at 2011 prices, using a combination of 2011 and 1990 PPPs for historical data. Time series for former countries and territories are calculated forward in time by estimating values based on their last official borders. For more regularly updated estimates of GDP per capita, see the World Bank's indicator.

Real GDP per capita in 2011$

In two ways, this analysis leads to departures from the original Maddison approach and closer to the multiple benchmark approach as developed by the PWT. There is, to begin with, no doubt that the 2011 PPPs and the related estimates of GDP per capita reflect the relative levels of GDP per capita in the world economy today better than the combination of the 1990 benchmark and growth rates of GDP per capita according to national accounts. This information should be taken into account. At the same time, the underlying rule within the current Maddison Database is that economic growth rates of countries in the dataset should be identical or as close as possible to growth rates according to the national accounts (which is also the case for the pre 1990 period). For the post-1990 period we therefore decided to integrate the 2011 benchmarks by adapting the growth rates of GDP per capita in the period 1990–2011 to align the two (1990 and 2011) benchmarks. We estimated the difference between the combination of the 1990 benchmark and the growth rates of GDP (per capita) between 1990 and 2011 according to the national accounts, and annual growth rate from the 1990 benchmark to the 2011 benchmark. This difference is then evenly distributed to the growth rate of GDP per capita between 1990 and 2011; in other words, we added a country specific correction (constant for all years between 1990 and 2011) to the annual national account rate of growth to connect the 1990 benchmark to the 2011 benchmark. Growth after 2011 is, in the current update, exclusively based on the growth rates of GDP per capita according to national accounts.

We also use the collected set of historical benchmark estimates to fine tune the dataset for the pre-1940 period, but only in those cases where the quality of the benchmark was high and there were multiple benchmarks to support a revision. The most important correction concerns the US/UK comparison. The conventional picture, based on the original 1990 Maddison estimates, indicated that the US overtook the UK as the world leader in the early years of the 20th century. This finding was first criticized by Ward and Devereux (2003), who argued, based on alternative measures of PPP-adjusted benchmarks between 1870 and 1930, that the United States was already leading the United Kingdom in terms of GDP per capita in the 1870s. This conclusion was criticized by Broadberry (2003).

New evidence, however, suggests a more complex picture: in the 18th century, real incomes in the US (settler colonies only, not including indigenous populations) were probably higher than those in the UK (Lindert & Williamson, 2016a). Until about 1870, growth was both exten- sive (incorporating newly settled territory) and intensive (considering the growth of cities and industry at the east coast), but on balance, the US may—in terms of real income—have lagged behind the UK. After 1870, intensive growth becomes more important, and the US slowly gets the upper hand. This pattern is consistent with direct benchmark comparison of the income of both countries for the period 1907–1909 (Woltjer, 2015). This shows that GDP per capita for the United States in those years was 26% higher than in the United Kingdom. We have used Woltjer’s (2015) benchmark to correct the GDP series of the two countries. Projecting this benchmark into the 19th century with the series of GDP per capita of both countries results in the two countries achieving parity in 1880. This is close to Prados de la Escosura’s conjecture based on his short- cut method (Prados de la Escosura, 2000), and even closer to the Lindert and Williamson (2016a) results.