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.

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.

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.

The Economic Census is the U.S. Government's official five-year measure of American business and the economy. It is conducted by the U.S. Census Bureau, and response is required by law. In October through December of the census year, forms are sent out to nearly 4 million businesses, including large, medium and small companies representing all U.S. locations and industries. Respondents were asked to provide a range of operational and performance data for their companies.This dataset presents data on major categories of products sold/services rendered for establishments of firms with payroll by kind of business.

Full Year GDP Growth in the United States decreased to 2.80 percent in 2024 from 2.90 percent in 2023. This dataset includes a chart with historical data for the United States Full Year GDP Growth.

About this dataset

Context

The dataset tabulates the Economy population distribution across 18 age groups. It lists the population in each age group along with the percentage population relative of the total population for Economy. The dataset can be utilized to understand the population distribution of Economy by age. For example, using this dataset, we can identify the largest age group in Economy.

Key observations

The largest age group in Economy, IN was for the group of age 40 to 44 years years with a population of 22 (14.67%), according to the ACS 2019-2023 5-Year Estimates. At the same time, the smallest age group in Economy, IN was the Under 5 years years with a population of 0 (0%). Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates

Age groups:

• Under 5 years
• 5 to 9 years
• 10 to 14 years
• 15 to 19 years
• 20 to 24 years
• 25 to 29 years
• 30 to 34 years
• 35 to 39 years
• 40 to 44 years
• 45 to 49 years
• 50 to 54 years
• 55 to 59 years
• 60 to 64 years
• 65 to 69 years
• 70 to 74 years
• 75 to 79 years
• 80 to 84 years
• 85 years and over

Variables / Data Columns

• Age Group: This column displays the age group in consideration
• Population: The population for the specific age group in the Economy is shown in this column.
• % of Total Population: This column displays the population of each age group as a proportion of Economy total population. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy Population by Age. You can refer the same here

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

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

United States US: GDP: Market Price: Linked Series data was reported at 19,390.604 USD bn in 2017. This records an increase from the previous number of 18,624.475 USD bn for 2016. United States US: GDP: Market Price: Linked Series data is updated yearly, averaging 11,510.670 USD bn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 19,390.604 USD bn in 2017 and a record low of 5,657.693 USD bn in 1989. United States US: GDP: Market Price: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

This table contains 52 series, with data for years 1947 - 2009 (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: United States ...) Components (15 items: Total gross national product; Total gross domestic product; Gross domestic product; business; Gross domestic product; business; non-farm ...) Prices (4 items: Current prices; 1992 constant prices; Chained (2000) dollars; Chained (1996) dollars ...).

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Economy: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 5(9.80%) households where the householder is under 25 years old, 14(27.45%) households with a householder aged between 25 and 44 years, 14(27.45%) households with a householder aged between 45 and 64 years, and 18(35.29%) households where the householder is over 65 years old.
• The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the town of Economy, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income by age. You can refer the same here

The United States recorded a Government Debt to GDP of 122.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

International Data & Economic Analysis (IDEA) is USAID's comprehensive source of economic and social data and analysis. IDEA brings together over 12,000 data series from over 125 sources into one location for easy access by USAID and its partners through the USAID public website. The data are broken down by countries, years and the following sectors: Economy, Country Ratings and Rankings, Trade, Development Assistance, Education, Health, Population, and Natural Resources. IDEA regularly updates the database as new data become available. Examples of IDEA sources include the Demographic and Health Surveys, STATcompiler; UN Food and Agriculture Organization, Food Price Index; IMF, Direction of Trade Statistics; Millennium Challenge Corporation; and World Bank, World Development Indicators. The database can be queried by navigating to the site displayed in the Home Page field below.

The database contains continuous chronological series of the main indicators of dynamics for the US economy in 1950-1996 and the results of a preliminary approximation of the corresponding analytical trends up to 2010. The database includes the values of GNP and GDP in the current and fixed prices, price deflators, shares of various industry groups in the structure of the domestic product, indicators of the dynamics for the total national income, values of exports and imports of goods, population data, indicators of general and sectoral employment and unemployment, basic indices of values for intermediate and final products in material production, the current volumes of capital investments, basic indices of production costs and consumer prices, as well as indicators of the national wealth of the United States. Particular attention was paid to inflation rates, the growth of military spending, the dynamics of public debt and such derived socio-economic indicators as the values of the total national product, income and wealth per capita. Due to some ongoing revisions to the US System of National Accounts (NIPA) introduced by the Bureau of Economic Analysis of the US Department of Commerce, all series have been updated to reflect the President's Economic Report of 1997. All the given series of indicators were verified with primary data sources and provided with reference linear charts of statistical trends. The basis for compiling the database was the official reference publications of the US federal departments, as well as statistical materials accumulated and processed in the Section of Economic Databases at the Institute for the USA and Canada of the Russian Academy of Sciences in 1985-1997.

This dataset summarizes 2015 Ocean Economy employment statistics for the U.S. coastal states by breaking down each ocean economic indicator per each ocean sector. The dataset also provides percent employment and percent GDP by sector. This percentage is a percent of the ocean sector compared to the total Ocean Economy for each state. This information was harvested from the Economics: National Ocean Watch (ENOW) time-series data on the ocean and Great Lakes economy, derived from the Bureau of Labor Statistics and the Bureau of Economic Analysis. ENOW data measures four economic indicators: Establishments, Employment, Wages, and Gross Domestic Product (GDP) for six economic sectors that are dependent on the oceans and Great Lakes, including: Marine Construction, Living Resources, Offshore Mineral Extraction, Ship and Boat Building, Tourism and Recreation, and Marine Transportation.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Economy, PA, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Economy did not include 7-person households. Across the different household sizes in Economy the mean income is $118,839, and the standard deviation is $46,842. The coefficient of variation (CV) is 39.42%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $48,149. It then further increased to $169,932 for 6-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/economy-pa-median-household-income-by-household-size.jpeg" alt="Economy, PA median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income. You can refer the same here

The Economic Census is the U.S. Government's official five-year measure of American business and the economy. It is conducted by the U.S. Census Bureau, and response is required by law. In October through December 2012, forms were sent out to nearly 4 million businesses, including large, medium and small companies representing all U.S. locations and industries. Respondents were asked to provide a range of operational and performance data for their companies.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Economy: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 5(0.13%) households where the householder is under 25 years old, 714(18.85%) households with a householder aged between 25 and 44 years, 1,456(38.44%) households with a householder aged between 45 and 64 years, and 1,613(42.58%) households where the householder is over 65 years old.
• The age group of 25 to 44 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the borough of Economy, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income by age. You can refer the same here

Government spending in the United States was last recorded at 34.4 percent of GDP in 2023 . This dataset provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

About this dataset

Context

The dataset presents a breakdown of households across various income brackets in Economy, PA, as reported by the U.S. Census Bureau. The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for Economy, PA reveals how household income distribution varies among these categories. The dataset highlights the variation in number of households with income, offering valuable insights into the distribution of Economy households based on income levels.

Key observations

• For Family Households: In Economy, the majority of family households, representing 19.26%, earn $200,000 or more, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.47%, have incomes falling $35,000 to $39,999, representing a smaller but still significant segment of the community.
• For Non-Family Households: In Economy, the majority of non-family households, accounting for 14.99%, have income $50,000 to $59,999, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 1.54%, earn $35,000 to $39,999, representing a smaller, yet notable, portion of non-family households in the community.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Income Level: The income level represents the income brackets ranging from Less than $10,000 to $200,000 or more in Economy, PA (As mentioned above).
• All Households: Count of households for the specified income level
• % All Households: Percentage of households at the specified income level relative to the total households in Economy, PA
• Family Households: Count of family households for the specified income level
• % Family Households: Percentage of family households at the specified income level relative to the total family households in Economy, PA
• Non-Family Households: Count of non-family households for the specified income level
• % Non-Family Households: Percentage of non-family households at the specified income level relative to the total non-family households in Economy, PA

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income. You can refer the same here