The Gross Domestic Product (GDP) in the United States expanded 3.80 percent in the second 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.

In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
What does GDP growth mean? Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022. Countries with highest GDP growth rate Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

President Trump Approval - Economy | RealClearPolling

Adding to national debt is an inevitable fact of being President of the United States. The extent to which debt rises under any sitting president depends not only on the policy and spending choices they have made, but also the choices made by presidents and congresses that have come before them. Ronald Reagan and George W. Bush President Ronald Reagan increased the U.S. debt by around **** trillion U.S. dollars, or ****** percent. This is often attributed to "Reaganomics," in which Reagan implemented significant supply-side economic policies in which he reduced government regulation, cut taxes, and tightened the money supply. Spending increased under President George W. Bush in light of the wars in Iraq and Afghanistan. To finance the wars, President Bush chose to borrow the money, rather than use war bonds or increase taxes, unlike previous war-time presidents. Additionally, Bush introduced a number of tax cuts, and oversaw the beginning of the 2008 financial crisis. Barack Obama President Obama inherited both wars in Iraq and Afghanistan, and the financial crisis. The Obama administration also did not increase taxes to pay for the wars, and additionally passed expensive legislation to kickstart the economy following the economic crash, as well as the Affordable Care Act in 2010. The ACA expanded healthcare coverage to cover more than ** million more Americans through programs like Medicare and Medicaid. Though controversial at the time, more than half of Americans have a favorable view of the ACA in 2023. Additionally, he signed legislation making the W. Bush-era tax cuts permanent.

Over the course of their first terms in office, no U.S. president in the past 100 years saw as much of a decline in stock prices as Herbert Hoover, and none saw as much of an increase as Franklin D. Roosevelt (FDR) - these were the two presidents in office during the Great Depression. While Hoover is not generally considered to have caused the Wall Street Crash in 1929, less than a year into his term in office, he is viewed as having contributed to its fall, and exacerbating the economic collapse that followed. In contrast, Roosevelt is viewed as overseeing the economic recovery and restoring faith in the stock market played an important role in this.

By the end of Hoover's time in office, stock prices were 82 percent lower than when he entered the White House, whereas prices had risen by 237 percent by the end of Roosevelt's first term. While this is the largest price gain of any president within just one term, it is important to note that stock prices were valued at 317 on the Dow Jones index when Hoover took office, but just 51 when FDR took office four years later - stock prices had peaked in August 1929 at 380 on the Dow Jones index, but the highest they ever reached under FDR was 187, and it was not until late 1954 that they reached pre-Crash levels once more.

As of 2022, former President Bill Clinton was the president who created the most jobs in the United States, at **** million jobs created during his eight year term in office. Former President Ronald Reagan created the second most jobs during his term, at **** million.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in the United States increased to 22298.10 USD Billion in October from 22212.50 USD Billion in September of 2025. This dataset provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) from 1929 to 2024 about outlays, Net, federal, GDP, and USA.

The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before. The last time the real GDP growth rates fell by a similar level was during the Great Recession in 2009, and the only other time since the Second World War where real GDP fell by more than one percent was in the early 1980s recession. The given records began following the Wall Street Crash in 1929, and GDP growth fluctuated greatly between the Great Depression and the 1950s, before growth became more consistent.

The United States recorded a trade deficit of 59.55 USD Billion in August of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Federal Surplus or Deficit - from 1901 to 2025 about budget, federal, and USA.

Iran’s gross domestic product (GDP) inclined by 3.33 percent in 2020 after adjusting for inflation. This figure fell from 13.4 percent growth four years ago, which had been a reaction to sanctions lifting after the Joint Comprehensive Plan of Action (JPCOA) regarding Iran’s nuclear program. United States president Donald Trump ended that country’s participation in the deal, imposing new sanctions.

Political influence on the economy

Political tensions have hampered the economy of Iran, keeping growth low in spite of the country’s considerable oil reserves. The effect of these sanctions becomes obvious when looking at Iran’s oil exports to Europe over the past decade. Some analysts have blamed the new sanctions for the increase in Iran’s inflation rate, as well as the currency depreciation that has accompanied it.

Iran’s options

Although Iran’s main export partners are largely in Asia, many of the transactions are carried out using U.S. dollars. Even though other means of payment are possible, some countries worry about political ramifications of continuing trade relations with Iran. Iran’s greatest strength at the moment may be its low national debt, meaning that it can borrow a substantial amount of money if it can find a willing lender. However, given the instability of the political situation worldwide and regionally, it is difficult to assume that such a borrower exists at the moment.

As of January 2025, about 41 percent of Americans approved of the way Joe Biden was handling his job as president. This is a slight increase from the previous month, when the President's approval rating sat at 40.3. Congressional Approval In March 2021, congressional approval reached a 12-year-high, with a 36 percent approval rating. However, congressional approval decreased in the following months. Approval ratings for Congress tend to be quite low, as many Americans have low trust in politicians and institutions in the country. The high approval rating in March 2021 came after Congress passed a COVID-19 relief bill to provide financial assistance to Americans during the pandemic. Handling of the pandemic Biden’s higher approval rating early in his presidency can, in-part, be attributed to how he tackled COVID-19. Taking a more hands-on approach in comparison to his predecessor, Biden supported mandated mask-wearing and expedited vaccines nationwide. About 40 percent of Americans either somewhat or strongly approved of the way the President was handling the virus, while about 45 percent either somewhat disapproved or strongly disapproved of his actions. As the two major parties disagreed on how to tackle the pandemic, existing divisions were further entrenched. A majority of the strong support came from Democrats, while most of the disapproval came from Republicans. Despite the low rating, the president's party performed relatively well at the 2022 midterm elections. While the economic situation in the United States was a large part of pre-election discourse, voters were more motivated by abortion rights and democracy.

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q2 2025 about public, debt, federal, government, and USA.

The Gross Domestic Product (GDP) in Philippines expanded 4 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - Philippines GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to a survey conducted between July 9 and July 11, 2022, ** percent of Americans thought that Joe Biden was highly responsible for the current trend in the inflation rate. This is compared to ** percent of Americans who said President Biden did not have a lot of responsibility for the current inflation rate.

Inflation in the U.S. Global events in 2022 had a significant impact on the United States. Inflation rose from *** percent in January 2021 to *** percent in June 2022. Significantly higher prices of basic goods led to increased concern over the state of the economy, and the ability to cover increasing monthly costs with the same income. Low interest rates, COVID-19-related supply constraints, corporate profiteering, and strong consumer spending had already put pressure on prices before Russia’s invasion of Ukraine in February 2022. Despite rising wages on paper, the rapid growth of consumer prices resulted in an overall decline in real hourly earnings in the first half of 2022.

How much control does Joe Biden have over inflation? The bulk of economic performance and the inflation rate is determined by factors outside the President’s direct control, but U.S. presidents are often held accountable for it. Some of those factors are market forces, private business, productivity growth, the state of the global economy, and policies of the Federal Reserve. Although high-spending decisions such as the 2021 COVID-19 relief bill may have contributed to rising inflation rates, the bill has been seen by economists as a necessary intervention for preventing a recession at the time, as well as being of significant importance to low-income workers impacted by the pandemic.

The most important tool for curbing inflation and controlling the U.S. economy is the Federal Reserve. The Reserve has the ability to set, raise, and lower interest rates and determine the wider monetary policy for the United States – something out of the president’s control. In June 2022, the Reserve announced it would raise interest rates **** percent for the second time that year – hoisting the rate to a target range of **** to *** percent – in an attempt to slow consumer demand and balance demand with supply. However, it can often take time before the impacts of interventions by the Federal Reserve are seen in the public’s day-to-day lives. Most economists expect this wave of inflation to pass in a year to 18 months.

An executive order is one of the most commonly used form of administrative action taken by the President of the United States. It is where an order or directive regarding the management of the U.S. government is signed into law by the president. Executive orders are generally used by presidents to influence U.S. laws and the administration of the country, without the need for a vote in Congress or the Supreme Court; although these orders are subject to judicial review, and can be challenged by the courts or another branch of government. If deemed unlawful or unconstitutional, the order will be revoked or cancelled, and a president may also revoke, cancel or amend any executive order that they, or any other presidents, have made. The U.S.' first 25 presidents signed a combined total of 1,262 executive orders in roughly 112 years, averaging at around 12 per year, however there was a large increase in the number of orders issued in the first half of the twentieth century. Theodore Roosevelt, the 26th U.S. president, was the first to issue more than one thousand executive orders alone; while Woodrow Wilson, who was in office during the First World War, signed more than 1,800. Franklin D. Roosevelt The president who signed the most executive orders was Franklin D. Roosevelt (FDR), who, during his twelve years in office, signed more than a quarter of all executive orders ever published. While FDR did serve over four years more than any other president, he still issued the highest number of average annual executive orders, with over three hundred per year. FDR was in office throughout most of the Second World War, although the majority of these orders came in his earlier years in office (more than a thousand orders were signed in 1933 and 1934), as he used his New Deal policies to lead the U.S. through its economic recovery from the Great Depression. Roosevelt's most controversial order, however, did relate to the Second World War; this was Order 9066, which saw approximately 120,000 people of Japanese descent, and almost 15,000 ethnic Germans and Italians, interned in concentration camps for almost three years.

Notable orders Arguably, the most famous and well known executive order was Abraham Lincoln's Emancipation Proclamation** in 1862, which changed the legal status of all enslaved people in the Confederate states during the Civil War, and declared them free in the eyes of the Union. A number of other orders also marked notable milestones in African-American civil rights; including the desegregation of the U.S. military by President Truman in 1948, and the desegregation of public schools by President Eisenhower in 1957. While the number of orders issued by presidents has decreased since the Eisenhower administration, recent presidents have generally issued between 100 and 200 orders during each term. Examples of more controversial orders from recent years include George W. Bush's Order 13233, which tightened restrictions on the accessibility of former U.S. presidents' records, and Donald Trump's Order 13769, which placed travel bans on citizens from a number of Muslim-majority countries; Bush's Order was eventually revoked by Barack Obama the day after his inauguration, while Trump's travel ban was one of several executive orders repealed by Joe Biden on his first day in office.