In 2023, the U.S. GDP increased from the previous year to about 27.36 trillion U.S. dollars. This increase in GDP can be attributed to a continued rebound from the impact of the coronavirus pandemic. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2023, the United States has the largest economy in the world. See, for example, the Russian GDP for comparison.

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.

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, all levels of industries, (dollars x 1,000,000), annual, 5 most recent time periods.

The gross domestic product (GDP) at PPP in Colombia was forecast to continuously increase between 2024 and 2029 by in total 294.6 billion international dollars (+26.08 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 1.4 trillion international dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for pruchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.Find more key insights for the gross domestic product (GDP) at PPP in countries like Venezuela, Suriname, and Guyana.

The gross domestic product (GDP) at PPP in Honduras was forecast to continuously increase between 2024 and 2029 by in total 25.6 billion international dollars (+31.58 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 106.61 billion international dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for pruchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.Find more key insights for the gross domestic product (GDP) at PPP in countries like Belize, Nicaragua, and Costa Rica.

The gross domestic product (GDP) at PPP in Uruguay was forecast to continuously increase between 2024 and 2029 by in total 29.5 billion international dollars (+23.94 percent). After the twenty-second consecutive increasing year, the GDP is estimated to reach 152.68 billion international dollars and therefore a new peak in 2029. Notably, the gross domestic product (GDP) at PPP was continuously increasing over the past years.This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for pruchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.Find more key insights for the gross domestic product (GDP) at PPP in countries like Chile, Paraguay, and Argentina.

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in percentage share, in current dollars.

Gross domestic product (GDP) at market prices is the final result of the production activity of resident producer units. It is defined as the value of all goods and services produced less the value of any goods or services used in their creation. The ESA 2010 (European System of Accounts) regulation may be referred to for more specific explanations on methodology. Data are seasonally adjusted and presented in million units of national currency.

The gross domestic product (GDP) at PPP in Brazil was forecast to continuously increase between 2024 and 2029 by in total 1.1 trillion international dollars (+23.4 percent). After the thirteenth consecutive increasing year, the GDP is estimated to reach 5.78 trillion international dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for pruchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.Find more statistics on other topics about Brazil with key insights such as the general government primary net lending, the general government net debt as share of the GDP, and the ratio of government expenditure to GDP.

This table contains 12 series, with data for years 1961 - 2008 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...) Industry, special aggregations (12 items: Business sector industries; Total economy; Business sector goods; Business sector services ...).

The gross domestic product (GDP) at PPP in Nicaragua was forecast to continuously increase between 2024 and 2029 by in total 18.4 billion international dollars (+30.48 percent). After the eleventh consecutive increasing year, the GDP is estimated to reach 78.76 billion international dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for pruchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.Find more key insights for the gross domestic product (GDP) at PPP in countries like Belize, Panama, and El Salvador.

Graph and download economic data for Expenditure-side Real GDP at Chained Purchasing Power Parities for Spain (RGDPESESA666NRUG) from 1950 to 2019 about Spain, chained, PPP, expenditures, real, and GDP.

Italy IT: GDP data was reported at 1,716,934.700 EUR mn in 2017. This records an increase from the previous number of 1,680,948.100 EUR mn for 2016. Italy IT: GDP data is updated yearly, averaging 626,620.681 EUR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,716,934.700 EUR mn in 2017 and a record low of 13,014.646 EUR mn in 1960. Italy IT: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank: Gross Domestic Product: Nominal. GDP at purchaser's prices 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. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The gross domestic product (GDP) at PPP in Chile was forecast to continuously increase between 2024 and 2029 by in total 156 billion international dollars (+23.13 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 830.41 billion international dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for pruchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.Find more key insights for the gross domestic product (GDP) at PPP in countries like Argentina, Uruguay, and Paraguay.

Vintages of releases of gross domestic product (GDP) at basic prices, by North American Industry Classification System (NAICS) aggregates, by industry, volume measures, monthly.

The gross domestic product (GDP) at PPP in Paraguay was forecast to continuously increase between 2024 and 2029 by in total 38.8 billion international dollars (+30.45 percent). After the twenty-second consecutive increasing year, the GDP is estimated to reach 166.22 billion international dollars and therefore a new peak in 2029. Notably, the gross domestic product (GDP) at PPP was continuously increasing over the past years.This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for pruchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.Find more key insights for the gross domestic product (GDP) at PPP in countries like Chile, Uruguay, and Argentina.

Graph and download economic data for Output-side Real GDP at Current Purchasing Power Parities for Bolivarian Republic of Venezuela (CGDPOSVEA666NRUG) from 1950 to 2019 about Venezuela, PPP, real, and GDP.

Graph and download economic data for Output-side Real GDP at Current Purchasing Power Parities for Canada (CGDPOSCAA666NRUG) from 1950 to 2019 about PPP, Canada, real, and GDP.

This table contains 16 series, with data for years 1926 - 1960 (not all combinations necessarily have data for all years), and was last released on 2009-01-21. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Type of industry (16 items: Total industries; Agriculture; Fishing and trapping; Forestry ...).

Gross domestic product (GDP), in current dollars, evaluated at basic price for all provinces and territories. These estimates are derived from the provincial Supply and Use Tables.

Graph and download economic data for Real GDP at Constant National Prices for Portugal (RGDPNAPTA666NRUG) from 1950 to 2019 about Portugal, real, GDP, and price.