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.

Graph and download economic data for Real Gross Domestic Product: Research and Development (Y694RX1Q020SBEA) from Q1 1947 to Q2 2025 about R&D, real, GDP, and USA.

This dataset provides both quarterly and annual estimates of the value of the goods and services produced in Iowa as provided by the U.S. Department of Commerce, Bureau of Economic Analysis in tables SAGDP2N, SAGDP9N, SAGDP10N, SQGDP2, and SQGDP9. Annual data is available beginning in 1997, and quarterly beginning 2005. The data include breakdowns of industries' contributions. Quarterly estimates are presented as an annual rate. Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The Iowa GDP a state counterpart to the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Iowa GDP differs from national GDP for the following reasons: Iowa GDP excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and Iowa GDP and national GDP have different revision schedules. GDP is reported in millions of current dollars. Real GDP is an inflation-adjusted measure of Iowa's gross product that is based on national prices for the goods and services produced within Iowa. The real estimates of gross domestic product (GDP) are measured in millions of chained dollars. The annual per capita real GDP is also provided and is measured in chained dollars. In calculating the per capita real GDP, the real GDP is divided by the Census Bureau’s annual midyear (July 1) population estimates for the year.

Graph and download economic data for Real Potential Gross Domestic Product (GDPPOT) from Q1 1949 to Q4 2035 about projection, real, GDP, and USA.

In 2023, the United States had a real gross domestic product of about 23.3 trillion U.S. dollars (2017 chained). See the U.S. GDP for further information. Real Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Real GDP in the U.S. The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 22 trillion U.S. dollars in 2023. Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. One of the defining qualities of the United States’ economy is its diversity and advanced technological advancements. Industries such as finance, real estate, health care, and business and education services are large contributors to the economy, while the manufacturing sector accounts for about 11 percent of the country’s wealth. The GDP generated by each state can also vary widely based on principal industries and production. In 2021, California had the highest state GDP in the United States, reaching 3.35 trillion U.S. dollars; comparatively, Vermont generated a GDP of 36.17 billion U.S. dollars in that year.

United States - Contributions to percent change in real gross domestic product: Net exports of goods and services was -4.90000 Percentage Points at Annual Rate in January of 2025, 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 3.99000 in April of 1980 and a record low of -4.90000 in January of 2025. 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 July of 2025.

Australia GDP: Real: Gross National Income data was reported at 2,457,039.000 AUD mn in 2023. This records an increase from the previous number of 2,388,831.000 AUD mn for 2022. Australia GDP: Real: Gross National Income data is updated yearly, averaging 820,209.000 AUD mn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 2,457,039.000 AUD mn in 2023 and a record low of 273,667.000 AUD mn in 1960. Australia GDP: Real: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Real. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

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.

Brazil BR: GDP: Real: Gross National Income data was reported at 4,323,990.690 BRL mn in 2023. This records an increase from the previous number of 4,213,160.453 BRL mn for 2022. Brazil BR: GDP: Real: Gross National Income data is updated yearly, averaging 2,484,775.706 BRL mn from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 4,323,990.690 BRL mn in 2023 and a record low of 782,499.379 BRL mn in 1970. Brazil BR: GDP: Real: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Gross Domestic Product: Real. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Argentina AR: GDP: Real: Gross National Income data was reported at 698,656.637 ARS mn in 2023. This records a decrease from the previous number of 711,799.108 ARS mn for 2022. Argentina AR: GDP: Real: Gross National Income data is updated yearly, averaging 359,483.136 ARS mn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 711,799.108 ARS mn in 2022 and a record low of 185,583.528 ARS mn in 1963. Argentina AR: GDP: Real: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Gross Domestic Product: Real. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Graph and download economic data for Real gross domestic income (A261RX1Q020SBEA) from Q1 1947 to Q1 2025 about GDI, income, real, GDP, and USA.

In 2024, Germany's real gross domestic product fell by around 0.23 percent compared to the previous year. Keeping it real Real gross domestic product is, by definition, a measure of the value of economic output adjusted for inflation. While nominal gross domestic product (GDP), often only referred to as gross domestic product, reflects the state of a country’s economy including everything produced by the inhabitants within the country, real GDP is a more precise measurement of economic growth since it takes price change into account. Germany’s race to the topGermany’s social market economy is one of the largest worldwide and continues to thrive. One of the strongest industries in Germany is car manufacturing: Several German vehicle manufacturers, like Daimler, Volkswagen, or BMW, are among the major global market players and have brought in billions of euros in revenue in the past years, fueling the economy for years to come.

Real Gross Domestic Product: Government and Government Enterprises in Colorado was 50665.70000 Mil. of Chn. 2009 $ in January of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: Government and Government Enterprises in Colorado reached a record high of 50665.70000 in January of 2024 and a record low of 35146.70000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: Government and Government Enterprises in Colorado - last updated from the United States Federal Reserve on July of 2025.

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.

Real Gross Domestic Product: Government and Government Enterprises in Pennsylvania was 70982.40000 Mil. of Chn. 2009 $ in January of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: Government and Government Enterprises in Pennsylvania reached a record high of 79263.70000 in January of 2008 and a record low of 68973.60000 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: Government and Government Enterprises in Pennsylvania - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Real Gross Domestic Product for Germany (CLVMNACSCAB1GQDE) from Q1 1991 to Q1 2025 about Germany, real, and GDP.

Germany DE: GDP: Real: Gross Domestic Income data was reported at 3,330,841.081 EUR mn in 2023. This records an increase from the previous number of 3,284,638.407 EUR mn for 2022. Germany DE: GDP: Real: Gross Domestic Income data is updated yearly, averaging 2,398,270.123 EUR mn from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 3,330,841.081 EUR mn in 2023 and a record low of 1,267,847.033 EUR mn in 1970. Germany DE: GDP: Real: Gross Domestic Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Gross Domestic Product: Real. Gross domestic income is derived as the sum of GDP and the terms of trade adjustment. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Turkey TR: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 282,761.246 TRY mn in 2017. This records an increase from the previous number of 259,788.258 TRY mn for 2016. Turkey TR: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 78,126.072 TRY mn from Dec 1968 (Median) to 2017, with 50 observations. The data reached an all-time high of 282,761.246 TRY mn in 2017 and a record low of 18,264.781 TRY mn in 1968. Turkey TR: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Turkey – Table TR.World Bank: Gross Domestic Product: Real. 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. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Ireland IE: GDP: Real: Gross National Income data was reported at 189,329.910 EUR mn in 2015. This records an increase from the previous number of 162,514.422 EUR mn for 2014. Ireland IE: GDP: Real: Gross National Income data is updated yearly, averaging 137,483.635 EUR mn from Dec 1995 (Median) to 2015, with 21 observations. The data reached an all-time high of 189,329.910 EUR mn in 2015 and a record low of 71,594.413 EUR mn in 1995. Ireland IE: GDP: Real: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ireland – Table IE.World Bank: Gross Domestic Product: Real. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Lebanon LB: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 3,379,159.947 LBP mn in 2017. This records a decrease from the previous number of 4,281,353.238 LBP mn for 2016. Lebanon LB: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 3,157,500.000 LBP mn from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 4,713,980.024 LBP mn in 2013 and a record low of 2,295,339.654 LBP mn in 1994. Lebanon LB: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Lebanon – Table LB.World Bank: Gross Domestic Product: Real. 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. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.