In the second quarter of 2024, the real gross domestic product (GDP) of the United States amounted to 20.92 trillion chained (2017) U.S. dollars. This was an increase from the previous quarter, when the GDP was 22.76 trillion U.S. dollars.
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.
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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 statistic shows the growth of the real gross domestic product (GDP) in the Euro area from the second quarter 2020 to the second quarter 2024. In the second quarter of 2024, the GDP of the Euro area increased by 0.6 percent compared to the same quarter of the previous year.
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GDP Growth Annualized in Japan decreased to -0.20 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Japan GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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The Gross Domestic Product (GDP) in Japan stagnated 0 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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The Gross Domestic Product (GDP) in Germany expanded 0.40 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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This dataset provides estimates of GDP by economic activity for Q2 2024 at constant prices (base year 2018 = 100). It includes comparisons with Q1 2024 and Q2 2023, showing both quarterly and annual percentage changes.
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The Gross Domestic Product (GDP) in Indonesia expanded 4.87 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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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.
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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 the first quarter of 2025, the real gross domestic product (GDP) of Hong Kong increased by 3.1 percent compared to the same quarter of the previous year. Annual GDP growth reached 2.5 percent in Hong Kong in 2024.
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View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.
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The Gross Domestic Product (GDP) in Mexico expanded 0.20 percent in the first 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.
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The Gross Domestic Product (GDP) in Turkey 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 - Turkey GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
The gross domestic product (GDP) in Thailand grew by *** percent during the second quarter of 2024 compared to the previous quarter. The GDP growth rate in the country has fluctuated over the period.
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The Gross Domestic Product (GDP) in France expanded 0.10 percent in the first quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - France GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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The Gross Domestic Product (GDP) in South Korea contracted 0.20 percent in the first quarter of 2025 over the previous quarter. This dataset provides - South Korea GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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This dataset provides Q3 2024 estimates of GDP by economic activity at current prices, in million QAR. It includes comparisons with Q2 2024 and Q3 2023, showing both quarterly and annual growth trends.
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The latest data from show economic growth of 6.83 percent,
which is an increase from the rate of growth of 6.55 percent in the previous quarter and
an increase compared to the growth rate of 6.43 percent in the same quarter last year.
The economic growth time series for Uzbekistan cover the period...
In the second quarter of 2024, the real gross domestic product (GDP) of the United States amounted to 20.92 trillion chained (2017) U.S. dollars. This was an increase from the previous quarter, when the GDP was 22.76 trillion U.S. dollars.