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.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

This graph shows a forecast of the gross domestic product of the United States of America for fiscal years 2024 to 2034. GDP refers to the market value of all final goods and services produced within a country in a given period. According to the CBO, the United States GDP will increase steadily over the next decade from 28.18 trillion U.S. dollars in 2023 to 41.65 trillion U.S. dollars in 2034. The annual GDP of the United States for recent years can be found here. Also, view the monthly inflation rate for the country.

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.

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.

The United States recorded a Current Account deficit of 3.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Sales QoQ in the United States remained unchanged at 3.30 percent in the fourth quarter of 2024 from 3.30 percent in the third quarter of 2024. This dataset includes a chart with historical data for the United States GDP Sales QoQ.

GDP from Construction in the United States increased to 873.80 USD Billion in the fourth quarter of 2024 from 863.70 USD Billion in the third quarter of 2024. This dataset provides - United States Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the first quarter of 2024, the GDP of the United States was three percent higher compared to the first quarter of 2023. The gross domestic product refers to the market value of all final goods and services produced in a country within a given period. The GDP of the United States amounted to 25.46 trillion U.S. dollars in 2022. The annual GDP of the United States can be found here, the growth per quarter can be found here and the chained quarterly GDP growth can be found here.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2024, with projections up until 2030. The gross domestic product of the United States in 2024 amounted to around 29.18 trillion U.S. dollars. The United States and the economy The United States’ economy is by far the largest in the world; a status which can be determined by several key factors, one being gross domestic product: A look at the GDP of the main industrialized and emerging countries shows a significant difference between US GDP and the GDP of China, the runner-up in the ranking, as well as the followers Japan, Germany and France. Interestingly, it is assumed that China will have surpassed the States in terms of GDP by 2030, but for now, the United States is among the leading countries in almost all other relevant rankings and statistics, trade and employment for example. See the U.S. GDP growth rate here. Just like in other countries, the American economy suffered a severe setback when the economic crisis occurred in 2008. The American economy entered a recession caused by the collapsing real estate market and increasing unemployment. Despite this, the standard of living is considered quite high; life expectancy in the United States has been continually increasing slightly over the past decade, the unemployment rate in the United States has been steadily recovering and decreasing since the crisis, and the Big Mac Index, which represents the global prices for a Big Mac, a popular indicator for the purchasing power of an economy, shows that the United States’ purchasing power in particular is only slightly lower than that of the euro area.

Graph and download economic data for Gross Domestic Product: All Industry Total in the United States (USNQGSP) from Q1 2005 to Q4 2024 about GSP, industry, GDP, and USA.

GDP from Mining in the United States increased to 343.60 USD Billion in the fourth quarter of 2024 from 337.60 USD Billion in the third quarter of 2024. This dataset provides - United States Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross National Product in the United States increased to 23620.90 USD Billion in the fourth quarter of 2024 from 23427.70 USD Billion in the third quarter of 2024. This dataset provides - United States Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Forecast: Contribution to GDP of Construction in the US 2024 - 2028 Discover more data with ReportLinker!

Graph and download economic data for Gross Domestic Product: Arts, Entertainment, and Recreation (71) in the United States (USARTENTRECNQGSP) from Q1 2005 to Q4 2024 about arts, entertainment, accommodation, recreation, GSP, private industries, food, services, private, industry, GDP, and USA.

GDP (current US$) in Japan was reported at 4204494802432 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Gross Domestic Product: All Industry Total in the New England BEA Region (NENGNQGSP) from Q1 2005 to Q4 2024 about New England BEA Region, GSP, industry, GDP, and USA.

Domestic credit to private sector (% of GDP) in United States was reported at 193 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Domestic credit to private sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

Forecast: GDP Energy Intensity in the US 2024 - 2028 Discover more data with ReportLinker!