This statistic shows the average annual change in real GDP per capita in the United States from President Hoover to Obama, as of 2011. The biggest economic growth happened during Franklin D. Roosevelt's presidency. The Real Gross Domestic Product per capita increased by 5.25 percent each year.

Additional information on President Barack Obama’s first term economic policy performance

“It’s the economy, stupid” as the now famous saying by former President Bill Clinton goes is often used to demonstrate the importance continuants place on the economy’s performance. Appointed to President of the United States in 2008, President Obama entered the job in the early stages of a global economic crisis. The unemployment rate in the United States since 1990 demonstrates that Obama oversaw a reduction in unemployment rate since an initially sharp increase to over 9 percent in 2009 and 2010. Prior to the reduction, public approval of President Obama and the Republicans in congress in handling the economy shows that the public’s trust in Obama waned from 61 percent in February 2009 to 42 percent in November 2011. The fluctuation of America’s economy meant that Obama’s first term saw him reach an average of 76 thousand private sector jobs created per month as of June 2012, leaving him sixth in private sector job creation on the list of post-war presidents.

As leader of the most economically influential country on the planet, praise and criticism of Obama’s economic performance is also a global issue. In 2012, opinion on Obama’s management of global economic issues by country demonstrates the variety in opinion held in and across countries. While countries such as Britain and Germany whose economies appeared to be recovering held Obama’s economic policy in a positive light, opinion was more negative in Egypt and Greece were the economic situation was less optimistic.

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.

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

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.

As of the third quarter of 2024, the GDP of the U.S. grew by 2.8 percent from the second 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.

This data package includes the underlying data to replicate the charts and calculations presented in The International Economic Implications of a Second Trump Presidency, PIIE Working Paper 24-20.

If you use the data, please cite as:

McKibbin, Warwick, Megan Hogan, and Marcus Noland. 2024. The International Economic Implications of a Second Trump Presidency. PIIE Working Paper 24-20. Washington: Peterson Institute for International Economics.

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.

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.

This data package includes the underlying data to replicate the charts, tables, and calculations presented in The US Revenue Implications of President Trump’s 2025 Tariffs, PIIE Briefing 25-2.

If you use the data, please cite as:

McKibbin, Warwick, and Geoffrey Shuetrim. 2025. The US Revenue Implications of President Trump’s 2025 Tariffs. PIIE Briefing 25-2. Washington: Peterson Institute for International Economics.

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.

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.

According to a poll conducted at the end of 2022, Americans were feeling quite pessimistic about the coming year. 90 percent of Americans felt negatively about the prospect of political conflict in 2023.

The Economy 2022 was a difficult year for many Americans, as it was for many around the world. After a year of high inflation, record fuel prices, and decreased financial security, the country greeted 2023 with high rates of skepticism and caution. Although the U.S. economy itself has experienced a strong rebound from the pandemic recession compared with other major economies, a sustained decline in consumer spending power thanks to wage growth not keeping pace with inflation has everyday Americans feeling the pinch.

U.S. political landscape The political scene in the U.S. also had a tumultuous few years in the lead up to 2023. The election of Donald Trump as the 45th President of the United States in 2016 left many voters reeling and the country more divided than ever. The beginning of 2021 was market by the January 6th attack on the Capitol, as well as the inauguration of Joe Biden. Additionally, the country continued to grapple with a politicized response to the COVID-19 pandemic and associated restrictions. 2022 began with the Russian invasion of Ukraine, ushering in the beginning of a global fuel and inflation crisis. In the midst of hardening economic conditions, the Supreme Court overturned its ruling on Roe v. Wade, returning the power to decide abortion restrictions to state legislatures.

The 2022 midterm elections saw Republicans win enough seats to take back control of the House of Representatives, but saw the GOP ultimately underperform compared to predictions at the time. The first day of the 2023 congressional term was marked by the inability of the Republican Party to unify itself behind one candidate for Speaker of the House, leading to a once in a century multi-round of Speaker elections. With new members of the House not able to be sworn in until a Speaker is elected, 2023 had a difficult start.

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.

Interactive chart of historical data comparing the level of gross domestic product (GDP) with Federal Debt.

The Gross Domestic Product (GDP) in Philippines expanded 5.40 percent in the first 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.

This poll, fielded April 5-12, 2010, is a part of a continuing series of monthly surveys that solicits public opinion on the presidency and on a range of other political and social issues. Respondents were asked whether they approved of the way that Barack Obama was handling his job as president, the economy, health care, and the federal budget deficit, what they liked best and least about Obama, whether they thought things in the country were going in the right direction, and what they thought was the most important problem facing the country. Information was collected on whether respondents approved or disapproved of the way Congress was handling its job, whether they approved or disapproved of the way their representative in Congress was handling their job, whether they had a favorable or unfavorable opinion of President Obama, how respondents would rate the national economy, and who they thought was mostly to blame for the state of the national economy. Respondents were queried on whether they thought that the government's stimulus package made the economy better or worse, whether they thought that the country needed a third political party, whether they would rather have a smaller government with fewer services or a bigger government providing more services, how they felt things were going in Washington, DC, whether they thought the federal government should spend money to create jobs even if it means increasing the budget deficit, and whether they would rather reduce the federal budget deficit or cut taxes. Respondents were also asked who they thought was to blame for the current federal budget deficit, whether they thought providing government money to banks and other financial institutions was necessary to get the economy out of a recession, whether they had a favorable or unfavorable opinion of the Republican Party, the Democratic Party, John McCain, George Bush, Ron Paul, Glen Beck, and Sarah Palin. Information was collected on what political figure the respondents admired most, whether they thought Sarah Palin would have the ability to be an effective president, whether they thought President Obama understands the need and problems of people like themselves, whether respondents thought he was more of a liberal, a moderate, or a conservative, whether they thought his policies were moving the country more towards socialism, whether they thought he favored a particular race over another, and whether they thought the Obama Administration had raised or lowered taxes for most Americans. Respondents were asked whether they thought that the federal government should require nearly all Americans to have health insurance, whether they thought it would be a good idea to raise income taxes on households that make more than $250,000 a year in order to help provide health insurance for people who do not already have it, whether they approved or disapproved of requiring health insurance companies to cover anyone who applies regardless of whether they have an existing medical condition, and whether they thought that the programs such as Social Security and Medicare are worth the cost of those programs for taxpayers. Respondents were queried on whether they thought legal immigration into the United States should be kept at its presents level, increased, or decreased, how serious a problem they thought illegal immigration was, whether they thought that global warming was causing a serious environmental problem, whether they thought gay couples should be allowed to marry, whether they thought abortion should be legal, whether they thought gun control law should be made more strict, what socialism means to them, and whether they thought it was ever justified for citizens to take violent action against the government. Respondents were also asked a number of questions about the Tea Party movement, including how much have they heard about it, whether they had a favorable opinion of it, whether they supported it, and whether they thought the Tea Party movement generally reflected the views of most Americans. Finally, respondents were asked if they were ever active in a political campaign, whether they purchased gold bars or coins in the past year, what political party they usually vote for, what news network they watched most, how concerned were they that they or someone in their household would lose their job in the next year, whe

Money Supply M2 in the United States increased to 21942 USD Billion in May from 21862.40 USD Billion in April of 2025. This dataset provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

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.

Graph and download economic data for Real Disposable Personal Income (DSPIC96) from Jan 1959 to May 2025 about disposable, personal income, personal, income, real, and USA.