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.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual 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 New York increase by *** percent when compared to the previous year. 2021 saw was the largest increase in the state's real GDP since 2000, when the GDP increased by *** percent as the state rebounded from the COVID-19 pandemic.

The Gross Domestic Product (GDP) In the Euro Area expanded 1.50 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Euro Area GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth 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 Mexico expanded 0.60 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Mexico GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Vietnam's gross domestic product grew by 6.88 percent year-on-year in the third quarter of 2018, compared with a 7.46 percent growth in the same period of the previous year. This dataset provides the latest reported value for - Vietnam 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 Michigan increased by roughly 1.9 percent compared to the previous year. 2021 saw the most growth experienced by the state's GDP since 2000. The significant growth of the Michigan GDP in that year can be attributed to the recovery from the COVID-19 pandemic.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.30 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Romania Real GDP Growth

• The Gross Domestic Product (GDP) in Romania expanded 2.9 % YoY in Mar 2023, following a growth of 4.3 % in the previous quarter.
• Real GDP Growth YoY data in Romania is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 3.5 %.
• The data reached an all-time high of 11.9 % in Dec 2004 and a record low of -7.9 % in Jun 2020.

• In the latest reports, Nominal GDP of Romania reached 86.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 14.4 % in Mar 2023.
• GDP Per Capita in Romania reached 14,987.8 USD in Dec 2021.
• Its Gross Savings Rate was measured at 14.5 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 18.7 % in Mar 2023.
• Public Consumption accounted for 18.4 % in Mar 2023.
• Private Consumption accounted for 67.1 % in Mar 2023.

In 2024, the real gross domestic product (GDP) of California was 3.37 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 3.25 trillion U.S. dollars.

Paraguay PY: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 9.361 % in 2017. This records an increase from the previous number of 5.359 % for 2016. Paraguay PY: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.925 % from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 9.524 % in 2014 and a record low of -2.211 % in 2000. Paraguay PY: GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Paraguay – Table PY.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

The Gross Domestic Product (GDP) in Brazil expanded 2.20 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Brazil GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Taiwan expanded 8.01 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Egypt expanded 9.80 percent in the third quarter of 2021 over the previous quarter. This dataset provides - Egypt GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for Kazakhstan (KAZNGDPORPCHPT) from 2000 to 2025 about Kazakhstan, REO, oil, real, GDP, and rate.

Key information about Philippines Real GDP Growth

• The Gross Domestic Product (GDP) in Philippines expanded 7.1 % YoY in Dec 2022, following a growth of 8.0 % in the previous quarter.
• Real GDP Growth YoY data in Philippines is updated quarterly, available from Mar 1999 to Dec 2022, with an average rate of 5.9 %.
• The data reached an all-time high of 12.4 % in Jun 2021 and a record low of -16.7 % in Jun 2020.

• In the latest reports, Nominal GDP of Philippines reached 112.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.3 % in Dec 2022.
• GDP Per Capita in Philippines reached 3,623.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 10.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 21.5 % in Dec 2022.
• Public Consumption accounted for 13.8 % in Dec 2022.
• Private Consumption accounted for 75.4 % in Dec 2022.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for Sudan (SDNNGDPORPCHPT) from 2000 to 2023 about Sudan, REO, oil, real, GDP, and rate.

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

Graph and download economic data for Oil Real GDP Growth in Constant Prices for Libya (LBYNGDPORPCHPT) from 2000 to 2025 about Libya, REO, oil, real, GDP, and rate.