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.

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

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

What does GDP growth mean?

Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022.

Countries with highest GDP growth rate

Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

U.S. GDP for 2023 was 27.721 trillion US dollars, a 6.59% increase from 2022.

<ul style='margin-top:20px;'>

<li>U.S. GDP for 2022 was <strong>26.007 trillion US dollars</strong>, a <strong>9.82% increase</strong> from 2021.</li>
<li>U.S. GDP for 2021 was <strong>23.681 trillion US dollars</strong>, a <strong>10.9% increase</strong> from 2020.</li>
<li>U.S. GDP for 2020 was <strong>21.354 trillion US dollars</strong>, a <strong>0.86% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The Gross Domestic Product (GDP) in Pakistan expanded 5.79 percent in fiscal year 2017/18, ending in June 2018. This dataset provides - Pakistan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 the last quarter of 2024, the Gross Domestic Product (GDP) in Brazil increased by 0.2 percent when compared to the previous quarter (seasonally adjusted). In comparison to the same quarter of the previous year, Brazil's GDP grew 3.6 percent. 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.

This dataset provides values for GOVERNMENT DEBT TO GDP.2018 reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

World GDP for 2023 was 100.000 trillion US dollars, a 0% increase from 2022.

<ul style='margin-top:20px;'>

<li>World GDP for 2022 was <strong>100.000 trillion US dollars</strong>, a <strong>2.2% increase</strong> from 2021.</li>
<li>World GDP for 2021 was <strong>97.848 trillion US dollars</strong>, a <strong>14.09% increase</strong> from 2020.</li>
<li>World GDP for 2020 was <strong>85.763 trillion US dollars</strong>, a <strong>2.71% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

The Gross Domestic Product (GDP) in Mexico was worth 1852.72 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Mexico represents 1.75 percent of the world economy. This dataset provides - Mexico GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Dominican Republic expanded 6.40 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Dominican Republic Gdp Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

U.S. gdp growth rate for 2023 was 2.89%, a 0.38% increase from 2022.

<ul style='margin-top:20px;'>

<li>U.S. gdp growth rate for 2022 was <strong>2.51%</strong>, a <strong>3.54% decline</strong> from 2021.</li>
<li>U.S. gdp growth rate for 2021 was <strong>6.06%</strong>, a <strong>8.22% increase</strong> from 2020.</li>
<li>U.S. gdp growth rate for 2020 was <strong>-2.16%</strong>, a <strong>4.75% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Iran IR: GDP data was reported at 14,827,384,492.000 IRR mn in 2018. This records an increase from the previous number of 13,151,260,000.000 IRR mn for 2017. Iran IR: GDP data is updated yearly, averaging 24,566,392.800 IRR mn from Mar 1961 (Median) to 2018, with 58 observations. The data reached an all-time high of 14,827,384,492.000 IRR mn in 2018 and a record low of 318,084.430 IRR mn in 1961. Iran IR: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iran – Table IR.World Bank: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

This statistic presents data regarding the digital economy as percentage of the total economy (GDP) in the United States from 2005 to 2018. During the most recently measured period, the digital economy accounted for nine percent of current-dollar value added to the overall U.S. economy. In 2018, the GDP of the United States amounted to 20.58 trillion U.S. dollars with a digital economy value added of 1.85 trillion U.S. dollars.

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.

This dataset presents Q4 2024 estimates of quarterly GDP at constant prices (base year 2018 = 100), broken down by economic activity. It includes comparisons with Q3 2024 and Q4 2023 to highlight both quarterly and annual real growth.

Agenda: Gross Domestic Income: 2012p: saar data was reported at 18,469.743 USD bn in Mar 2018. This records an increase from the previous number of 18,294.188 USD bn for Dec 2017. Agenda: Gross Domestic Income: 2012p: saar data is updated quarterly, averaging 6,831.180 USD bn from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 18,469.743 USD bn in Mar 2018 and a record low of 2,004.896 USD bn in Jun 1947. Agenda: Gross Domestic Income: 2012p: saar 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.A004: NIPA 2018: GDP by Expenditure: saar: 2012 Price: Chain Linked.

United States Gross Domestic Product (GDP): Intermediate Inputs (II): CL 2012p data was reported at 14,915.714 USD bn in 2017. This records an increase from the previous number of 14,431.323 USD bn for 2016. United States Gross Domestic Product (GDP): Intermediate Inputs (II): CL 2012p data is updated yearly, averaging 12,566.501 USD bn from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 14,915.714 USD bn in 2017 and a record low of 9,895.270 USD bn in 1997. United States Gross Domestic Product (GDP): Intermediate Inputs (II): CL 2012p 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.A101: NIPA 2018: GDP by Industry: Intermediate Inputs: Chain Linked 2012 Price: Annual.

Australia GDP: 2018-19p data was reported at 1,947,118.000 AUD mn in 2020. This records a decrease from the previous number of 1,952,680.000 AUD mn for 2019. Australia GDP: 2018-19p data is updated yearly, averaging 821,719.000 AUD mn from Jun 1960 (Median) to 2020, with 61 observations. The data reached an all-time high of 1,952,680.000 AUD mn in 2019 and a record low of 268,086.000 AUD mn in 1960. Australia GDP: 2018-19p data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A167: SNA08: Gross Domestic Product and Gross Domestic Product per Capita: by State.