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.

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 Norway contracted 0.10 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Norway GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The Gross Domestic Product (GDP) in Indonesia contracted 0.98 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

Five crises of human capital: a pathway to achieving socio-economic parity with developed nations in Russia today

Key information about Hong Kong SAR (China) GDP Deflator Growth

• Hong Kong SAR (China) GDP deflator (implicit price deflator) increased 2.3 % in Dec 2022, compared with an increase of 4.0 % in the previous quarter.
• Hong Kong SAR (China) GDP Deflator Growth data is updated quarterly, available from Mar 1974 to Dec 2022, with an average rate of 3.8 %.
• The data reached an all-time high of 19.7 % in Mar 1980 and a record low of -6.7 % in Sep 2003.

CEIC calculates quarterly GDP Deflator Growth from quarterly GDP Deflator. Census and Statistics Department provides GDP Deflator at chain linked 2020 prices.


Related information about Hong Kong SAR (China) GDP Deflator Growth

• In the latest reports, Hong Kong SAR (China) GDP contracted 4.2 % YoY in Dec 2022.
• Its Nominal GDP reached 94.5 USD bn in Dec 2022.
• Hong Kong SAR (China) GDP Per Capita reached 49,146.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 27.7 % in Sep 2022.

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

Key information about Germany GDP Deflator Growth

• Germany GDP deflator (implicit price deflator) increased 6.1 % in Dec 2022, compared with an increase of 4.9 % in the previous quarter.
• Germany GDP Deflator Growth data is updated quarterly, available from Mar 1992 to Dec 2022, with an average rate of 1.5 %.
• The data reached an all-time high of 6.3 % in Jun 2022 and a record low of -0.9 % in Jun 2000.

CEIC calculates quarterly GDP Deflator Growth from quarterly Nominal and Real GDP. Statistisches Bundesamt provides Nominal GDP in EUR and Real GDP in EUR, at chain linked 2015 prices.


Related information about Germany GDP Deflator Growth

• In the latest reports, Germany GDP contracted 0.1 % YoY in Mar 2023.
• Its Nominal GDP reached 1,078.9 USD bn in Mar 2023.
• Germany GDP Per Capita reached 48,527.4 USD in Dec 2022.
• Its Gross Savings Rate was measured at 26.2 % in Dec 2022.

The Gross Domestic Product (GDP) in Latvia contracted 0.10 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Latvia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, the gross domestic product of the Cleveland-Elyria metro area increased two percent compared to 2021. While this reflects a year of growth, it is still less than compared to the previous year in which the GDP contracted by five percent. GDP of the United States since 1990 can be accessed here.

Graph and download economic data for Real Gross Domestic Product for Denmark (CLVMNACSCAB1GQDK) from Q1 1991 to Q1 2025 about Denmark, real, and GDP.

The gross domestic product (GDP) growth rate in Finland fluctuated fairly strongly between 5.3 and -8.1 percent in the period from 2003 to 2023. According to preliminary data, the GPD growth rate was -1-2 percent in 2023. The Finnish economy contracted almost nine percent from 2008 to 2009, as a result of the global financial crisis. After 2009, GDP growth rates did not reach the pre-crisis levels, although the GDP slowly resumed its growth.

Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Gross Domestic Product (CPGDPAI) from Q2 2005 to Q1 2025 about GDP, rate, and USA.

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.

Key information about Estonia GDP Deflator Growth

• Estonia GDP deflator (implicit price deflator) increased 13.6 % in Mar 2023, compared with an increase of 16.2 % in the previous quarter.
• Estonia GDP Deflator Growth data is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 4.6 %.
• The data reached an all-time high of 25.3 % in Mar 1996 and a record low of -4.5 % in Dec 2009.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. Statistics Estonia provides Nominal GDP in EUR and Real GDP in EUR, at Chain Linked 2015 prices.


Related information about Estonia GDP Deflator Growth

• In the latest reports, Estonia GDP contracted 3.7 % YoY in Mar 2023.
• Its Nominal GDP reached 10.2 USD bn in Mar 2023.
• Estonia GDP Per Capita reached 28,567.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 25.3 % in Mar 2023.

Key information about Chile GDP Deflator Growth

• Chile GDP deflator (implicit price deflator) increased 10.1 % in Mar 2023, compared with an increase of 8.0 % in the previous quarter.
• Chile GDP Deflator Growth data is updated quarterly, available from Mar 1991 to Mar 2023, with an average rate of 5.1 %.
• The data reached an all-time high of 26.8 % in Mar 1991 and a record low of -1.8 % in Sep 2008.

CEIC calculates GDP Deflator Growth from quarterly GDP Deflator. The Central Bank of Chile provides GDP Deflator at chain linked 2018 prices, based on SNA 2008. GDP Deflator Growth prior to Q1 1997 is calculated from Nominal GDP and Real GDP, at 2003 prices, both based on SNA 1993.


Related information about Chile GDP Deflator Growth

• In the latest reports, Chile GDP contracted 0.7 % YoY in Mar 2023.
• Its Nominal GDP reached 86.4 USD bn in Mar 2023.
• Chile GDP Per Capita reached 15,158.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 24.0 % in Mar 2023.

In the third quarter of 2024, the Gross Domestic Product (GDP) in Algeria grew by two percent compared to the same quarter of the previous year. Previously, the economy contracted due to the coronavirus (COVID-19) pandemic: In the second quarter of 2020, the GDP experienced the sharpest decline at minus 10.2 percent.

Graph and download economic data for Gross Domestic Product: Information (51) in California (CAINFONQGSP) from Q1 2005 to Q1 2025 about information, GSP, private industries, CA, private, industry, GDP, and USA.