The Gross Domestic Product (GDP) in the United States expanded 3.30 percent in the second 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.

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

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.

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.

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

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.

China GDP: Year to Date: TI: Other data was reported at 6,103.210 RMB bn in Mar 2025. This records a decrease from the previous number of 23,201.437 RMB bn for Dec 2024. China GDP: Year to Date: TI: Other data is updated quarterly, averaging 2,711.085 RMB bn from Dec 1991 (Median) to Mar 2025, with 134 observations. The data reached an all-time high of 23,201.437 RMB bn in Dec 2024 and a record low of 59.150 RMB bn in Mar 1992. China GDP: Year to Date: TI: Other data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Quarterly. Added since the Q1/2015: 'Information transmission, software and information technology services' and 'leasing and commercial services' 'Other tertiary industry' since then does not contain these two industries.

GDP: Year to Date: Zhejiang: Hangzhou data was reported at 2,186.000 RMB bn in Dec 2024. This records an increase from the previous number of 1,521.533 RMB bn for Sep 2024. GDP: Year to Date: Zhejiang: Hangzhou data is updated quarterly, averaging 211.871 RMB bn from Dec 1949 (Median) to Dec 2024, with 119 observations. The data reached an all-time high of 2,186.000 RMB bn in Dec 2024 and a record low of 0.255 RMB bn in Dec 1949. GDP: Year to Date: Zhejiang: Hangzhou data remains active status in CEIC and is reported by Hangzhou Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Quarterly.

Gross Domestic Product (GDP): Year to Date: Anhui data was reported at 1,226.500 RMB bn in Mar 2025. This records a decrease from the previous number of 5,062.500 RMB bn for Dec 2024. Gross Domestic Product (GDP): Year to Date: Anhui data is updated quarterly, averaging 727.311 RMB bn from Dec 1992 (Median) to Mar 2025, with 108 observations. The data reached an all-time high of 5,062.500 RMB bn in Dec 2024 and a record low of 60.393 RMB bn in Mar 2000. Gross Domestic Product (GDP): Year to Date: Anhui data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: by Province: Quarterly.

China Contribution to(GDP) Gross Domestic ProductGrowth: Year to Date: Final Consumption Expenditure data was reported at 2.800 % in Mar 2025. This records an increase from the previous number of 2.225 % for Dec 2024. China Contribution to(GDP) Gross Domestic ProductGrowth: Year to Date: Final Consumption Expenditure data is updated quarterly, averaging 4.331 % from Mar 2009 (Median) to Mar 2025, with 65 observations. The data reached an all-time high of 8.977 % in Mar 2021 and a record low of -4.196 % in Mar 2020. China Contribution to(GDP) Gross Domestic ProductGrowth: Year to Date: Final Consumption Expenditure data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.AA: Gross Domestic Product: Contribution and Share to Growth.

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 Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q2 2025 about per capita, real, GDP, and USA.

GDP: Year to Date: Guangdong: Zhuhai data was reported at 112.089 RMB bn in Mar 2025. This records a decrease from the previous number of 447.906 RMB bn for Dec 2024. GDP: Year to Date: Guangdong: Zhuhai data is updated quarterly, averaging 127.057 RMB bn from Dec 2000 (Median) to Mar 2025, with 64 observations. The data reached an all-time high of 447.906 RMB bn in Dec 2024 and a record low of 24.368 RMB bn in Mar 2010. GDP: Year to Date: Guangdong: Zhuhai data remains active status in CEIC and is reported by Zhuhai Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Quarterly.

The Gross Domestic Product (GDP) in China was worth 18743.80 billion US dollars in 2024, according to official data from the World Bank. The GDP value of China represents 17.65 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Domestic Product (GDP): Year to Date: Henan data was reported at 1,494.558 RMB bn in Mar 2025. This records a decrease from the previous number of 6,358.999 RMB bn for Dec 2024. Gross Domestic Product (GDP): Year to Date: Henan data is updated quarterly, averaging 1,277.555 RMB bn from Dec 1992 (Median) to Mar 2025, with 106 observations. The data reached an all-time high of 6,358.999 RMB bn in Dec 2024 and a record low of 89.617 RMB bn in Mar 2000. Gross Domestic Product (GDP): Year to Date: Henan data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: by Province: Quarterly.

The statistic shows GDP in India from 1987 to 2024, with projections up until 2030. In 2024, GDP in India was at around 3.91 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison. Historical development of the Indian economy In the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.

Graph and download economic data for Dates of U.S. recessions as inferred by GDP-based recession indicator (JHDUSRGDPBR) from Q4 1967 to Q1 2025 about recession indicators, GDP, and USA.

Gross Domestic Product (GDP): Year to Date: Shanghai data was reported at 1,273.506 RMB bn in Mar 2025. This records a decrease from the previous number of 5,392.671 RMB bn for Dec 2024. Gross Domestic Product (GDP): Year to Date: Shanghai data is updated quarterly, averaging 916.410 RMB bn from Dec 1992 (Median) to Mar 2025, with 109 observations. The data reached an all-time high of 5,392.671 RMB bn in Dec 2024 and a record low of 89.449 RMB bn in Mar 2000. Gross Domestic Product (GDP): Year to Date: Shanghai data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: by Province: Quarterly.

Gross Domestic Product (GDP): Year to Date: Beijing data was reported at 1,215.990 RMB bn in Mar 2025. This records a decrease from the previous number of 4,984.310 RMB bn for Dec 2024. Gross Domestic Product (GDP): Year to Date: Beijing data is updated quarterly, averaging 742.063 RMB bn from Dec 1992 (Median) to Mar 2025, with 112 observations. The data reached an all-time high of 4,984.310 RMB bn in Dec 2024 and a record low of 40.650 RMB bn in Mar 1999. Gross Domestic Product (GDP): Year to Date: Beijing data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: by Province: Quarterly.

The Gross Domestic Product (GDP) In the Euro Area expanded 0.10 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Euro Area GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.