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.

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 the second quarter of 2024, the real gross domestic product (GDP) of the United States amounted to 20.92 trillion chained (2017) U.S. dollars. This was an increase from the previous quarter, when the GDP was 22.76 trillion U.S. dollars.

GDP Growth Annualized in Japan decreased to -0.20 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Japan GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset provides estimates of GDP by economic activity for Q2 2024 at constant prices (base year 2018 = 100). It includes comparisons with Q1 2024 and Q2 2023, showing both quarterly and annual percentage changes.

This statistic shows the growth of the real gross domestic product (GDP) in the Euro area from the second quarter 2020 to the second quarter 2024. In the second quarter of 2024, the GDP of the Euro area increased by 0.6 percent compared to the same quarter of the previous year.

In the first quarter of 2025, the real gross domestic product (GDP) of Hong Kong increased by 3.1 percent compared to the same quarter of the previous year. Annual GDP growth reached 2.5 percent in Hong Kong in 2024.

The Gross Domestic Product (GDP) in Japan stagnated 0 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Germany expanded 0.40 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Indonesia expanded 4.87 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the second quarter of 2025, the growth of the real gross domestic product (GDP) in China ranged at *** percent compared to the same quarter of the previous year. IT services displayed the highest sectoral growth reaching **** percent compared to **** percent in the construction sector.

The Gross Domestic Product (GDP) in Turkey 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 - Turkey GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This publication by Anne Arundel Economic Development Corporation covers the economic indicators including employment, resident labor force, commercial real estate, housing sales, building permit activity, tourism, cost of living, real property tax base, and BWI Marshall airport statistics.

The UK economy grew by 0.7 percent in the first quarter of 2025, compared with 0.1 percent growth in the previous quarter. After ending 2023 in recession, the UK economy grew strongly in the first half of 2024, growing by 0.8 percent in Q1, and 0.4 percent in Q2, with growth slowing in the second half of the year. In the third quarter of 2020 the UK experienced record setting growth of 16.8 percent, which itself followed the record 20.3 percent contraction in Q2 2020. Growing economy key to Labour's plans Since winning the 2024 general election, the UK's Labour Party have seen their popularity fall substantially. In February 2025, the government's approval rating fell to a low of -54 percent, making them almost as disliked as the Conservatives just before the last election. A string of unpopular policies since taking office have taken a heavy toll on support for the government. Labour hope they can reverse their declining popularity by growing the economy, which has underperformed for several years, and when measured in GDP per capita, fell in 2023, and 2024. Steady labor market trends set to continue? After a robust 2022, the UK labor market remained resilient throughout 2023 and 2024. The unemployment rate at the end of 2024 was 4.4 percent, up from four percent at the start of the year, but still one of the lowest rates on record. While the average number of job vacancies has been falling since a May 2022 peak, there was a slight increase in January 2025 when compared with the previous month. The more concerning aspect of the labor market, from the government's perspective, are the high levels of economic inactivity due to long-term sickness, which reached a peak of 2.84 million in late 2023, and remained at high levels throughout 2024.

Economic growth, quarterly in Argentina, March, 2025 The most recent value is 0.84 percent as of Q1 2025, a decline compared to the previous value of 1.98 percent. Historically, the average for Argentina from Q2 1993 to Q1 2025 is 0.52 percent. The minimum of -14.11 percent was recorded in Q2 2020, while the maximum of 10.7 percent was reached in Q3 2020. | TheGlobalEconomy.com

In the first quarter of 2025, Germany's gross domestic product (GDP) continued to increase compared to the previous quarter, with unadjusted figures showing around 1.1 trillion euros. Figures passed the one trillion mark at the end of 2022.

This dataset provides Q3 2024 estimates of GDP by economic activity at current prices, in million QAR. It includes comparisons with Q2 2024 and Q3 2023, showing both quarterly and annual growth trends.

Economic growth, quarterly in Mexico, March, 2025 The most recent value is 0.2 percent as of Q1 2025, an increase compared to the previous value of -0.66 percent. Historically, the average for Mexico from Q2 1960 to Q1 2025 is 0.86 percent. The minimum of -18.93 percent was recorded in Q2 2020, while the maximum of 15.47 percent was reached in Q3 2020. | TheGlobalEconomy.com

The Gross Domestic Product (GDP) in Sweden contracted 0.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic growth, quarterly in Norway, March, 2025 The most recent value is -0.1 percent as of Q1 2025, an increase compared to the previous value of -0.9 percent. Historically, the average for Norway from Q2 1978 to Q1 2025 is 0.58 percent. The minimum of -5.2 percent was recorded in Q2 2020, while the maximum of 4.7 percent was reached in Q3 2021. | TheGlobalEconomy.com