The statistic shows global gross domestic product (GDP) from 1985 to 2024, with projections up until 2030. In 2020, global GDP amounted to about 85.76 trillion U.S. dollars, two and a half trillion lower than in 2019. Gross domestic product Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually. GDP is significant in determining the economic health, growth and productivity in the country, and is a stat often used when comparing several countries at a time, most likely in order to determine which country has seen the most progress. Until 2020, Global GDP had experienced a growth every year since 2010. However, a strong growth rate does not necessarily lead to all positive outcomes and often has a negative effect on inflation rates. A severe growth in GDP leads to lower unemployment, however lower unemployment often leads to higher inflation rates due to demand increasing at a much higher rate than supply and as a result prices rise accordingly. In terms of unemployment, growth had been fairly stagnant since the economic downturn of 2007-2009, but it remains to be seen what the total impact of the coronavirus pandemic will be on total employment.

The Gross Domestic Product (GDP) in the United States contracted 0.50 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.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by June 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached ***** percent in 2022, the highest since 1991. However, by *************, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in ***********, before the first rate cut since ************** occurred in **************. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unit root tests for stationarity–GDP and INF.

As of November 2021, the U.S. goverment dedicated ***** percent of the GDP to soften the effects of the coronavirus pandemic. This translates to stimulus packages worth **** trillion U.S. dollars Economic impact of the Coronavirus pandemic The impact of the COVID-19 pandemic was felt throughout the whole world. Lockdowns forced many industries to close completely for many months and restrictions were put on almost all economic activity. In 2020, the worldwide GDP loss due to Covid was *** percent. The global unemployment rate rocketed to **** percent in 2020 and confidence in governments’ ability to deal with the crisis diminished significantly. Governmental response In order to stimulate the economies and bring them out of recession, many countries have decided to release so called stimulus packages. These are fiscal and monetary policies used to support the recovery process. Through application of lower taxes and interest rates, direct financial aid, or facilitated access to funding, the governments aim to boost the employment, investment, and demand. Stimulus packages Until November 2021, Japan has dedicated the largest share of the GDP to stimulus packages among the G20 countries, with ***** percent (*** trillion Yen or **** trillion U.S. dollars). While the first help package aimed at maintaining employment and securing businesses, the second and third ones focused more on structural changes and positive developments in the country in the post-pandemic future.

The EUR/USD exchange rate rose to 1.1770 on July 4, 2025, up 0.01% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 2.84%, and is up by 8.60% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

In 2023, the United States accounted for 15.56 percent of global gross domestic product (GDP) after adjusting for purchasing power parity (PPP). This share was expected to decrease to 14.72 percent by 2029, which is roughly a seventh of the global total. What is PPP? The easiest way to understand purchasing power parity is the Big Mac Index, a measure developed by The Economist. The index tracks the price of the McDonald’s Big Mac burger, sold at each of its thousands of restaurants worldwide. Countries where the Big Mac is most expensive have higher purchasing power, meaning one can buy more for each unit of that currency. To calculate PPP, economists use a group of goods to calculate the ratio of the price of this group in each country. This ratio is then used to convert all countries into a standardized price level, on parity with each other. Why use PPP? A U.S. dollar in the United States does not have the same purchasing power as a dollar in China, even after considering the exchange rate. For this reason, adjusting for PPP gives an idea of what the rest of the world could buy in the United States, if prices were the same as in their home country. However, some economists argue that using PPP for comparisons between countries is inaccurate because it changes the price level differently for each country. Still, because it accounts not only for country-specific effects but also inflation and exchange rate fluctuations, PPP is a very popular metric.

LU: GDP: Value Added: Current PPP data was reported at 63.954 USD bn in 2022. This records an increase from the previous number of 58.167 USD bn for 2021. LU: GDP: Value Added: Current PPP data is updated yearly, averaging 17.307 USD bn from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 63.954 USD bn in 2022 and a record low of 3.570 USD bn in 1981. LU: GDP: Value Added: Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual. In Luxembourg, a better identification of R&D in software-related activities resulted in a break in series in 2012 for BERD (and GERD). From 2009, some budgetary items of the Ministry of Research and other ministries are no longer included in the government's own R&D funds. The impact on GOVERD is a drop of less than 7 million. The significant increase in R&D performed in the higher education sector in 2004 is due to the re-defined role of higher education in the national system of innovation and research, in particular the newly created University of Luxembourg.Government budget allocations for space programs and GUF are included from 2006.

Palau PW: GDP: Real: Terms of Trade Adjustment data was reported at 10.413 USD mn in 2016. This records an increase from the previous number of 6.013 USD mn for 2015. Palau PW: GDP: Real: Terms of Trade Adjustment data is updated yearly, averaging -1.071 USD mn from Sep 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 10.413 USD mn in 2016 and a record low of -9.422 USD mn in 2011. Palau PW: GDP: Real: Terms of Trade Adjustment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Palau – Table PW.World Bank: Gross Domestic Product: Real. The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

United States US: GDP: Real: Terms of Trade Adjustment data was reported at 107.299 USD bn in 2016. This records an increase from the previous number of 78.350 USD bn for 2015. United States US: GDP: Real: Terms of Trade Adjustment data is updated yearly, averaging 27.480 USD bn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 107.299 USD bn in 2016 and a record low of -68.643 USD bn in 2008. United States US: GDP: Real: Terms of Trade Adjustment 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: Real. The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Belgium BE: GDP: Value Added: Current PPP data was reported at 467.526 USD bn in 2022. This records an increase from the previous number of 420.273 USD bn for 2021. Belgium BE: GDP: Value Added: Current PPP data is updated yearly, averaging 194.401 USD bn from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 467.526 USD bn in 2022 and a record low of 72.531 USD bn in 1981. Belgium BE: GDP: Value Added: Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Belgium – Table BE.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual. In Belgium, some institutions were reallocated from the PNP sector to the Government sector in 2012. Beginning with the 1998 data, two large non-profit organisations, formerly included in the higher education sector, were reclassified in the government sector.As of 1993 (1992 for the Business enterprise sector), data are based on full surveys and no longer on a combination of budget figures and survey findings.Total national R&D expenditures are underestimated in 1987 and 1988, as is the contribution of government as R&D financed by federative authorities (about 2-4 % of GERD and 7-15 % of government-financed GERD) is excluded. As a breakdown of this sum by sector of performance is not available, the impact on the other R&D expenditure tables cannot be estimated, though it probably affects R&D in the Government and Higher Education sectors.

France FR: GDP: Value Added: Current PPP data was reported at 2,150.842 USD bn in 2022. This records an increase from the previous number of 1,985.361 USD bn for 2021. France FR: GDP: Value Added: Current PPP data is updated yearly, averaging 1,044.843 USD bn from Dec 1981 (Median) to 2022, with 42 observations. The data reached an all-time high of 2,150.842 USD bn in 2022 and a record low of 380.794 USD bn in 1981. France FR: GDP: Value Added: Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s France – Table FR.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual.

This layer contains both the current dollar and real Gross Domestic Product (GDP) by County, 2012 to 2015 from all sources, goods-producing sources, services-producing sources, and government spending. Data from Bureau of Economic Analysis.DefinitionsGross domestic product (GDP) by county is the sub-state counterpart of the Nation's gross domestic product (GDP), the Bureau's featured and most comprehensive measure of U.S. economic activity. GDP by county is derived as the sum of the GDP originating in all the industries in the county.Current-dollar statistics are valued in the prices of the period when the transactions occurred–that is, at "market value." Also referred to as "nominal GDP" or "current-price GDP."Real values are inflation-adjusted statistics–that is, these exclude the effects of price changes.Industry definitionsPrivate goods-producing industries consist of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.Private services-producing industries consist of utilities; wholesale trade; retail trade; transportation and warehousing, excluding Postal Service; information; finance and insurance; real estate, rental, and leasing; professional, scientific, and technical services; management of companies; administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services (except government and government enterprises).Geography Note: Virginia combination areas consist of one or two independent cities with populations of less than 100,000 combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates for the jurisdictions making up the combination areas are not available.

Germany DE: GDP: PPP data was reported at 5,763,465.942 Intl $ mn in 2023. This records an increase from the previous number of 5,663,892.391 Intl $ mn for 2022. Germany DE: GDP: PPP data is updated yearly, averaging 2,949,684.470 Intl $ mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 5,763,465.942 Intl $ mn in 2023 and a record low of 1,550,613.716 Intl $ mn in 1990. Germany DE: GDP: PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parity (PPP) conversion factor. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From April 2020, “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD] is used as underlying GDP in local currency unit so that it’s in line with time series of PPP conversion factors for GDP, which are extrapolated with linked GDP deflators.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

EC: GDP: Real: Terms of Trade Adjustment data was reported at -653.203 USD mn in 2017. This records an increase from the previous number of -1.255 USD bn for 2016. EC: GDP: Real: Terms of Trade Adjustment data is updated yearly, averaging 115.677 USD mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 2.445 USD bn in 1985 and a record low of -3.550 USD bn in 1998. EC: GDP: Real: Terms of Trade Adjustment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ecuador – Table EC.World Bank: Gross Domestic Product: Real. The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

Liberia LR: GDP: Real: Terms of Trade Adjustment data was reported at -62.611 USD mn in 2016. This records an increase from the previous number of -63.684 USD mn for 2015. Liberia LR: GDP: Real: Terms of Trade Adjustment data is updated yearly, averaging -83.964 USD mn from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 63.371 USD mn in 2002 and a record low of -185.632 USD mn in 2004. Liberia LR: GDP: Real: Terms of Trade Adjustment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Liberia – Table LR.World Bank: Gross Domestic Product: Real. The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The Gross Domestic Product (GDP) in Israel was worth 540.38 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Israel represents 0.51 percent of the world economy. This dataset provides - Israel GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Russia was worth 2173.84 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Russia represents 2.05 percent of the world economy. This dataset provides the latest reported value for - Russia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.