In 2024, the United States had the largest economy in the world, with a gross domestic product of just under 29 trillion U.S. dollars. China had the second largest economy, at around 18.5 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 Italy'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.

The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

Gross domestic product is the market value of goods and services produced by labor and property in the United States. The U.S. Bureau of Economic Analysis estimates GDP for each quarter and releases new statistics every month. Quarterly GDP data are seasonally adjusted at annual rates.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and four are in Asia, alongside the U.S., Canada, and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for United States (USAGDPNQDSMEI) from Q1 1960 to Q3 2023 about GDP and USA.

This dataset contains Annual GDP using chained dollars from previous period by sector from 1997 to present (most recent as reported by U.S. Bureau of Economic Analysis) for Maryland and United States.

Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa reporting using an annual rate. 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). Iowa GDP excludes 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. 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.

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

The Gross Domestic Product Of The United States is the main measure of US economic growth based on the value of goods and services produced from 1930 and 2013.

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.

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

United States - Nominal Potential Gross Domestic Product was 45188.50000 Bil. of $ in October of 2035, according to the United States Federal Reserve. Historically, United States - Nominal Potential Gross Domestic Product reached a record high of 45188.50000 in October of 2035 and a record low of 274.42642 in January of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Nominal Potential Gross Domestic Product - last updated from the United States Federal Reserve on March of 2025.

Gross Domestic Product: All Industry Total in Ohio was 933044.30000 Mil. of $ in July of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in Ohio reached a record high of 933044.30000 in July of 2024 and a record low of 462383.20000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: All Industry Total in Ohio - last updated from the United States Federal Reserve on March of 2025.

Costa Rica CR: Gross Domestic Product (GDP) data was reported at 47,059,273.000 CRC mn in 2023. This records an increase from the previous number of 44,810,031.000 CRC mn for 2022. Costa Rica CR: Gross Domestic Product (GDP) data is updated yearly, averaging 13,889,052.750 CRC mn from Dec 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 47,059,273.000 CRC mn in 2023 and a record low of 881,040.094 CRC mn in 1991. Costa Rica CR: Gross Domestic Product (GDP) data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Costa Rica – Table CR.IMF.IFS: Gross Domestic Product: by Expenditure: Annual.

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.

Graph and download economic data for Shares of gross domestic product: Personal consumption expenditures (DPCERE1Q156NBEA) from Q1 1947 to Q4 2024 about Shares of GDP, PCE, consumption expenditures, consumption, personal, GDP, and USA.

Gross Domestic Product: All Industry Total in Washington was 859886.70000 Mil. of $ in July of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in Washington reached a record high of 859886.70000 in July of 2024 and a record low of 286739.20000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: All Industry Total in Washington - last updated from the United States Federal Reserve on March of 2025.

Gross Domestic Product (GDP) at basic prices, by North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, monthly, 5 most recent time periods.

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.

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