In most years since 1980, global GDP growth has been relatively consistent, generally fluctuating between two and five percent growth from year to year. The most notable exceptions to this were during the Great Recession in 2009, and again in 2020 during the Covid-19 pandemic, where the global economy actually shrank in both of these years. As the world economy continues to deal with the economic impact of the pandemic, as well as the fallout from Russia's invasion of Ukraine in 2022, the future remains uncertain, however current estimates suggest that annual growth will return to steady figures of around 3 percent in 2029.

The Gross Domestic Product (GDP) in the United States was worth 27720.71 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United States represents 26.29 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q3 2024 about GDP and USA.

The Gross Domestic Product (GDP) in the United States expanded 2.50 percent in the fourth quarter of 2024 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.

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into 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.; ;

Graph and download economic data for Real Gross Domestic Product: All Industry Total in North Carolina (NCRQGSP) from Q1 2005 to Q3 2024 about GSP, NC, real, industry, GDP, and USA.

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.

GDP: Guangdong: Dongguan data was reported at 1,228.215 RMB bn in 2024. This records an increase from the previous number of 1,143.813 RMB bn for 2023. GDP: Guangdong: Dongguan data is updated yearly, averaging 99.348 RMB bn from Dec 1978 (Median) to 2024, with 47 observations. The data reached an all-time high of 1,228.215 RMB bn in 2024 and a record low of 0.611 RMB bn in 1978. GDP: Guangdong: Dongguan data remains active status in CEIC and is reported by Dongguan Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City.

This table presents annual data on the output components, the final expenditure categories and the income components of gross domestic product of the Netherlands. In the national accounts gross domestic product is approached from three points of view: from the output, from the generation of income and from the final expenditure. Gross domestic product is a main macroeconomic indicator. The volume change of gross domestic product is a measure for the economic growth of a country.

Data available from: 1995.

Status of the figures: Data from 1995 up to and including 2022 are final. Data of 2023 are provisional.

Changes as of June 24th 2024: This is a new table. Statistics Netherlands has carried out a revision of the national accounts. The Dutch national accounts are recently revised. New statistical sources, methods and concepts are implemented in the national accounts, in order to align the picture of the Dutch economy with all underlying source data and international guidelines for the compilation of the national accounts. This table contains revised data. For further information see section 3.

When will new figures be published? Provisional data are published 6 months after the end of the reporting year. Final data are released 18 months after the end of the reporting year.

Graph and download economic data for Total Gross Domestic Product for Albany-Schenectady-Troy, NY (MSA) (NGMP10580) from 2001 to 2023 about Albany, NY, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: All Industries in San Francisco County, CA (GDPALL06075) from 2001 to 2023 about San Francisco, CA, industry, GDP, and USA.

Graph and download economic data for Total Gross Domestic Product for El Paso, TX (MSA) (NGMP21340) from 2001 to 2023 about El Paso, TX, industry, GDP, and USA.

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.

GDP: Guangdong: Zhuhai data was reported at 447.906 RMB bn in 2024. This records an increase from the previous number of 423.322 RMB bn for 2023. GDP: Guangdong: Zhuhai data is updated yearly, averaging 39.402 RMB bn from Dec 1979 (Median) to 2024, with 46 observations. The data reached an all-time high of 447.906 RMB bn in 2024 and a record low of 0.209 RMB bn in 1979. GDP: 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.

Graph and download economic data for Contributions to percent change in real gross domestic product: Exports of goods and services (A020RY2Q224SBEA) from Q2 1947 to Q4 2024 about contributions, exports, percent, goods, services, real, GDP, and USA.

Key information about Kazakhstan Real GDP Growth

• The Gross Domestic Product (GDP) in Kazakhstan expanded 3.4 % YoY in Mar 2023, following a growth of 4.0 % in the previous quarter.
• Real GDP Growth YoY data in Kazakhstan is updated quarterly, available from Mar 2006 to Mar 2023, with an average rate of 4.4 %.
• The data reached an all-time high of 11.8 % in Mar 2007 and a record low of -5.1 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan provides Real GDP in local currency, at 2005 prices.


Related information about Kazakhstan Real GDP Growth

• In the latest reports, Nominal GDP of Kazakhstan reached 79.9 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 14.4 % in Mar 2023.
• GDP Per Capita in Kazakhstan reached 11,380.5 USD in Dec 2022.
• Its Gross Savings Rate was measured at 44.9 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 25.1 % in Dec 2022.
• Public Consumption accounted for 8.7 % in Sep 2022.
• Private Consumption accounted for 46.5 % in Sep 2022.

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP: Beijing: Tongzhou data was reported at 130,359.530 RMB mn in 2023. This records an increase from the previous number of 123,567.840 RMB mn for 2022. GDP: Beijing: Tongzhou data is updated yearly, averaging 64,728.110 RMB mn from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 130,359.530 RMB mn in 2023 and a record low of 14,662.990 RMB mn in 2005. GDP: Beijing: Tongzhou data remains active status in CEIC and is reported by Beijing Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AI: Gross Domestic Product: Municipality District.