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.

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 U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

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.

In 2021, the agriculture sector contributed around 0.94 percent to the Gross Domestic Product (GDP) of the United States. In that same year, 17.61 percent came from industry, and the service sector contributed the most to the GDP, at 76.4 percent.

The Economic Census is the U.S. Government's official five-year measure of American business and the economy. It is conducted by the U.S. Census Bureau, and response is required by law. In October through December of the census year, forms are sent out to nearly 4 million businesses, including large, medium and small companies representing all U.S. locations and industries. Respondents were asked to provide a range of operational and performance data for their companies. This dataset presents company, establishments, value of shipments, value of product shipments, percentage of product shipments of the total value of shipments, and percentage of distribution of value of product shipments.

In 2024, the finance, insurance, real estate, rental, and leasing industry contributed the highest amount of value to the GDP of the U.S. at 21.2 percent. The construction industry contributed around four percent of GDP in the same year.

The U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

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.

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

Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Information (CPGDPI) from Q2 2005 to Q1 2025 about contributions, information, private industries, percent, private, real, industry, GDP, and USA.

Imports: Services: LW: TCI: Information data was reported at 192.000 USD mn in 2016. This records an increase from the previous number of 170.000 USD mn for 2015. Imports: Services: LW: TCI: Information data is updated yearly, averaging 38.000 USD mn from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 192.000 USD mn in 2016 and a record low of 4.000 USD mn in 2006. Imports: Services: LW: TCI: Information data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA028: Trade Statistics: Services: Latin America & Other Western Hemisphere.

United States Imports: Services: LW: Telecommunications, Computer & Info (TCI) data was reported at 3.076 USD bn in 2016. This records a decrease from the previous number of 3.205 USD bn for 2015. United States Imports: Services: LW: Telecommunications, Computer & Info (TCI) data is updated yearly, averaging 2.791 USD bn from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 3.233 USD bn in 2013 and a record low of 2.329 USD bn in 2006. United States Imports: Services: LW: Telecommunications, Computer & Info (TCI) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA028: Trade Statistics: Services: Latin America & Other Western Hemisphere.

Imports: Services: LW: Government Goods & Services n.i.e. data was reported at 669.000 USD mn in 2016. This records an increase from the previous number of 610.000 USD mn for 2015. Imports: Services: LW: Government Goods & Services n.i.e. data is updated yearly, averaging 664.500 USD mn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 771.000 USD mn in 2012 and a record low of 565.000 USD mn in 2000. Imports: Services: LW: Government Goods & Services n.i.e. data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA028: Trade Statistics: Services: Latin America & Other Western Hemisphere.

Graph and download economic data for Value Added by Industry: Information (VAI) from Q1 2005 to Q1 2025 about value added, information, private industries, private, industry, and USA.

During a 2025 survey in the United States, nearly half of marketers reported being less optimistic about the American economy compared to last quarter. Among industries, Energy, Education, Construction, and Retail are the least optimistic.

United States Imports: Services: LW: Travel: Other Business & Personal data was reported at 39.392 USD bn in 2016. This records an increase from the previous number of 36.630 USD bn for 2015. United States Imports: Services: LW: Travel: Other Business & Personal data is updated yearly, averaging 25.258 USD bn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 39.392 USD bn in 2016 and a record low of 16.682 USD bn in 1999. United States Imports: Services: LW: Travel: Other Business & Personal data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA028: Trade Statistics: Services: Latin America & Other Western Hemisphere.

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.

Graph and download economic data for U.S. Imports of Services: Telecommunications, Computer, and Information Services (ITMTCIM133S) from Jan 1999 to Apr 2025 about telecom, computers, information, imports, services, and USA.

Graph and download economic data for Gross Output by Industry: Information (GOI) from Q1 2005 to Q1 2025 about information, output, gross, private industries, private, industry, and USA.