The Gross Domestic Product (GDP) in the United States contracted 0.20 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.

Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Government (CPGDPG) from Q2 2005 to Q4 2024 about contributions, percent, government, real, GDP, and USA.

U.S. gdp growth rate for 2023 was 2.54%, a 0.61% increase from 2022.

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<li>U.S. gdp growth rate for 2022 was <strong>1.94%</strong>, a <strong>3.86% decline</strong> from 2021.</li>
<li>U.S. gdp growth rate for 2021 was <strong>5.80%</strong>, a <strong>8.01% increase</strong> from 2020.</li>
<li>U.S. gdp growth rate for 2020 was <strong>-2.21%</strong>, a <strong>4.68% 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.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first 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 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.

Graph and download economic data for Contributions to percent change in real gross domestic product: Personal consumption expenditures: Goods (DGDSRY2Q224SBEA) from Q2 1947 to Q1 2025 about contributions, PCE, consumption expenditures, consumption, percent, personal, goods, real, GDP, and USA.

World gdp growth rate for 2023 was 2.72%, a 0.37% decline from 2022.

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<li>World gdp growth rate for 2022 was <strong>3.09%</strong>, a <strong>3.17% decline</strong> from 2021.</li>
<li>World gdp growth rate for 2021 was <strong>6.26%</strong>, a <strong>9.19% increase</strong> from 2020.</li>
<li>World gdp growth rate for 2020 was <strong>-2.93%</strong>, a <strong>5.57% 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.

The real GDP of the Austin-Round Rock-Georgetown metropolitan area in Texas grew by around 7.4 percent from 2021 to 2022.. The Nashville-Davidson-Murfreesboro-Franklin metro area in Tennessee, as well as the Omaha-Council Bluffs metro area in Nebraska and Iowa both experienced growth of more than six percent from 2021 to 2022.

Contributions to annual percent change in real expenditure-based gross domestic product.

Graph and download economic data for Contributions to percent change in real gross domestic product: Exports of goods (A253RY2Q224SBEA) from Q2 1947 to Q1 2025 about contributions, exports, percent, goods, real, GDP, and USA.

Gross domestic product (GDP) is defined as the value of all goods and services produced less the value of any goods or services used in their creation. For measuring the growth rate of GDP in terms of volumes, the GDP at current prices are valued in the prices of the previous year and the thus computed volume changes are imposed on the level of a reference year; this is called a chain-linked series. Doing so, price movements will not inflate the growth rate. Expessed as percentage change on the previous period and as percentage change on the previous period per capita.

United States - Contributions to Percent Change in Real GDP by Industry: Gross Domestic Product was 2.40000 % Chg. in October of 2024, according to the United States Federal Reserve. Historically, United States - Contributions to Percent Change in Real GDP by Industry: Gross Domestic Product reached a record high of 35.20000 in July of 2020 and a record low of -28.10000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Contributions to Percent Change in Real GDP by Industry: Gross Domestic Product - last updated from the United States Federal Reserve on June of 2025.

The latest data from show economic growth of 2.85 percent, which is a decrease from the rate of growth of 3.62 percent in the previous quarter and
an increase compared to the growth rate of 2.56 percent in the same quarter last year. The economic growth time series for Brazil cover the period...

United States - Contributions to percent change in real gross domestic product: Net exports of goods and services was -0.37000 Percentage Points at Annual Rate in January of 2024, according to the United States Federal Reserve. Historically, United States - Contributions to percent change in real gross domestic product: Net exports of goods and services reached a record high of 3.72000 in January of 1946 and a record low of -2.13000 in January of 1948. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Contributions to percent change in real gross domestic product: Net exports of goods and services - last updated from the United States Federal Reserve on May of 2025.

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 latest data from show economic growth of 0.7 percent, which is an increase from the rate of growth of 0.6 percent in the previous quarter and
an increase compared to the growth rate of 0.3 percent in the same quarter last year. The economic growth time series for Italy cover the period from...

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.

Gross Domestic Product - Table 310-30001 : Percentage change of Gross Domestic Product (GDP) and selected major expenditure components in real terms

According to estimations made after the outbreak of coronavirus (COVID-19), in 2020 the Gross Domestic Product of Italy is forecasted to drop by three percent compared to the previous year. Afterwards, this figure is believed to grow again. However, a forecast from April 2020 estimates that Italy's GDP could decrease of over eight percent in 2020.

Italy is one of the countries with the highest number of coronavirus cases worldwide. Currently, this pandemic has infected people across six continents.

The Gross Domestic Product (GDP) in Mexico expanded 0.80 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Mexico GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.