The state of North Dakota experienced the most significant growth in real GDP in 2023, growing 7.8 percent when compared to 2022. Texas and Oklahoma also experienced growth at or more than seven percent.

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 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.

Key information about US Nominal GDP Growth

• United States Nominal GDP Growth was reported at 5.028 % in Dec 2024.
• This records a decrease from the previous number of 5.032 % for Sep 2024.
• US Nominal GDP Growth data is updated quarterly, averaging 6.138 % from Mar 1948 to Dec 2024, with 308 observations.
• The data reached an all-time high of 19.646 % in Mar 1951 and a record low of -6.835 % in Jun 2020.
• US Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Bureau of Economic Analysis provides Nominal GDP in USD.

Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q2 2025 about GDP and USA.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

United States GDP Growth Tracker: Yo2Y data was reported at 5.414 % in 23 Apr 2023. This records a decrease from the previous number of 5.752 % for 16 Apr 2023. United States GDP Growth Tracker: Yo2Y data is updated weekly, averaging 4.092 % from May 2020 (Median) to 23 Apr 2023, with 155 observations. The data reached an all-time high of 23.838 % in 03 Apr 2022 and a record low of -8.163 % in 24 May 2020. United States GDP Growth Tracker: Yo2Y data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.WT: GDP Growth Tracker: Weekly.

Key information about Ukraine Real GDP Growth

• The Gross Domestic Product (GDP) in Ukraine contracted 31.4 % YoY in Dec 2022, following a negative growth of 30.6 % in the previous quarter.
• Real GDP Growth YoY data in Ukraine is updated quarterly, available from Mar 2002 to Dec 2022, with an average rate of 3.2 %.
• The data reached an all-time high of 14.0 % in Sep 2004 and a record low of -36.9 % in Jun 2022.

CEIC extends history for quarterly Real GDP growth. The State Statistics Service of Ukraine provides Real GDP Growth at 2010 prices, based on SNA 2008. Real GDP Growth prior to Q1 2011 is at 2007 prices, based on SNA 1993.


Related information about Ukraine Real GDP Growth

• In the latest reports, Nominal GDP of Ukraine reached 44.4 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 36.5 % in Dec 2022.
• GDP Per Capita in Ukraine reached 4,827.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at -4.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 18.0 % in Dec 2022.
• Public Consumption accounted for 43.4 % in Dec 2022.
• Private Consumption accounted for 60.8 % in Dec 2022.

United States GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data was reported at -3.951 % in 30 Jan 2022. This records an increase from the previous number of -4.087 % for 23 Jan 2022. United States GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data is updated weekly, averaging -4.291 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 0.060 % in 14 Nov 2021 and a record low of -17.584 % in 24 May 2020. United States GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.WT: GDP Growth Tracker: Weekly.

Government spending in the United States was last recorded at 39.7 percent of GDP in 2024 . This dataset provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

View quarterly updates and historical trends for US Real GDP QoQ. from United States. Source: Bureau of Economic Analysis. Track economic data with YChart…

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.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in California (CARGSP) from 1997 to 2024 about GSP, CA, real, industry, GDP, and USA.

This dataset shows the Gross Domestic Product per capita by state for year 2005 - 2022 at current prices. Footnote: For base year 2005, values for year 2012 are estimate and values for year 2013 are preliminary. For base year 2010, values for year 2016 are estimate and values for year 2017 are preliminary. For base year 2015, values for year 2021 are estimate and values for year 2022 are preliminary. Source: Department of Statistics Malaysia. No. of Views : 639

Graph and download economic data for Gross Domestic Product: All Industry Total in Delaware (DENGSP) from 1997 to 2024 about DE, GSP, industry, GDP, and USA.

United States US: GERD: % of GDP data was reported at 3.586 % in 2022. This records an increase from the previous number of 3.483 % for 2021. United States US: GERD: % of GDP data is updated yearly, averaging 2.612 % from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 3.586 % in 2022 and a record low of 2.268 % in 1981. United States US: GERD: % of GDP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.MSTI: Gross Domestic Expenditure on Research and Development: OECD Member: Annual.

For the United States, from 2021 onwards, changes to the US BERD survey questionnaire allowed for more exhaustive identification of acquisition costs for ‘identifiable intangible assets’ used for R&D. This has resulted in a substantial increase in reported R&D capital expenditure within BERD. In the business sector, the funds from the rest of the world previously included in the business-financed BERD, are available separately from 2008. From 2006 onwards, GOVERD includes state government intramural performance (most of which being financed by the federal government and state government own funds). From 2016 onwards, PNPERD data are based on a new R&D performer survey. In the higher education sector all fields of SSH are included from 2003 onwards.

Following a survey of federally-funded research and development centers (FFRDCs) in 2005, it was concluded that FFRDC R&D belongs in the government sector - rather than the sector of the FFRDC administrator, as had been reported in the past. R&D expenditures by FFRDCs were reclassified from the other three R&D performing sectors to the Government sector; previously published data were revised accordingly. Between 2003 and 2004, the method used to classify data by industry has been revised. This particularly affects the ISIC category “wholesale trade” and consequently the BERD for total services.

U.S. R&D data are generally comparable, but there are some areas of underestimation:

1. i) Up to 2008, Government sector R&D performance covers only federal government activities. That by State and local government establishments is excluded;
2. ii) Except for the Government and the Business Enterprise sectors, the R&D data exclude most capital expenditures. For the Business Enterprise sector, depreciation is reported in place of gross capital expenditures up to 2014. Higher education (and national total) data were revised back to 1998 due to an improved methodology that corrects for double-counting of R&D funds passed between institutions.

Breakdown by type of R&D (basic research, applied research, etc.) was also revised back to 1998 in the business enterprise and higher education sectors due to improved estimation procedures.

The methodology for estimating researchers was changed as of 1985. In the Government, Higher Education and PNP sectors the data since then refer to employed doctoral scientists and engineers who report their primary work activity as research, development or the management of R&D, plus, for the Higher Education sector, the number of full-time equivalent graduate students with research assistantships averaging an estimated 50 % of their time engaged in R&D activities. As of 1985 researchers in the Government sector exclude military personnel. As of 1987, Higher education R&D personnel also include those who report their primary work activity as design.

Due to lack of official data for the different employment sectors, the total researchers figure is an OECD estimate up to 2019. Comprehensive reporting of R&D personnel statistics by the United States has resumed with records available since 2020, reflecting the addition of official figures for the number of researchers and total R&D personnel for the higher education sector and the Private non-profit sector; as well as the number of researchers for the government sector. The new data revise downwards previous OECD estimates as the OECD extrapolation methods drawing on historical US data, required to produce a consistent OECD aggregate, appear to have previously overestimated the growth in the number of researchers in the higher education sector.

Pre-production development is excluded from Defence GBARD (in accordance with the Frascati Manual) as of 2000. 2009 GBARD data also includes the one time incremental R&D funding legislated in the American Recovery and Reinvestment Act of 2009. Beginning with the 2000 GBARD data, budgets for capital expenditure – “R&D plant” in national terminology - are included. GBARD data for earlier years relate to budgets for current costs only.

Key information about Russia Real GDP Growth

• The Gross Domestic Product (GDP) in Russia contracted 2.6 % YoY in Mar 2023, following a negative growth of 3.2 % in the previous quarter.
• Real GDP Growth YoY data in Russia is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 2.7 %.
• The data reached an all-time high of 12.3 % in Dec 1999 and a record low of -9.4 % in Jun 2009.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Federal State Statistics Service provides Real GDP in local currency at 2021 prices, based on SNA 2008. Real GDP Growth prior to Q1 2012 is calculated from Real GDP at 2008 prices and prior to Q1 2004 from Real GDP at 2003 prices, both based on SNA 1993.


Related information about Russia Real GDP Growth

• In the latest reports, Nominal GDP of Russia reached 494.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.7 % in Mar 2023.
• GDP Per Capita in Russia reached 15,074.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 35.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 28.9 % in Dec 2022.
• Public Consumption accounted for 17.5 % in Dec 2022.
• Private Consumption accounted for 47.3 % in Dec 2022.

United States - Real Gross Domestic Product Growth: Government and Government Enterprises in Nottoway County, VA was 2.40000 % Chg. from Preceding Period in January of 2024, according to the United States Federal Reserve. Historically, United States - Real Gross Domestic Product Growth: Government and Government Enterprises in Nottoway County, VA reached a record high of 7.10000 in January of 2022 and a record low of 0.20000 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Real Gross Domestic Product Growth: Government and Government Enterprises in Nottoway County, VA - last updated from the United States Federal Reserve on October of 2025.

United States - Value Added by Industry: Government: State and Local as a Percentage of GDP was 7.70% in January of 2025, according to the United States Federal Reserve. Historically, United States - Value Added by Industry: Government: State and Local as a Percentage of GDP reached a record high of 9.60 in April of 2009 and a record low of 7.60 in July of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Value Added by Industry: Government: State and Local as a Percentage of GDP - last updated from the United States Federal Reserve on October of 2025.

United States - Real Gross Domestic Product Growth: All Industries in Latah County, ID was 133.78500 % Chg. from Preceding Period in January of 2024, according to the United States Federal Reserve. Historically, United States - Real Gross Domestic Product Growth: All Industries in Latah County, ID reached a record high of 138.88200 in January of 2004 and a record low of 133.47500 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Real Gross Domestic Product Growth: All Industries in Latah County, ID - last updated from the United States Federal Reserve on September of 2025.