The state of North Dakota experienced the most significant growth in real GDP in 2023, growing 7.8 percent when compared to 2022. Texas and Oklahoma also experienced growth at or more than seven percent.

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.

In 1870, the GDP of the U.S., Canada, Australia, and New Zealand was eight times larger than in 1820, and by 1913 it was almost 42 times larger. Although Europe had the largest share of global GDP in 1913, it had only grown by 5.4 times since 1820. GDP in the Asia-Pacific region did not double over this period, as it was not until the latter half of the twentieth century when industrialization began on a large scale.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 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.

Using a panel of 17 Latin American countries for the period 2002–18, we study the impact of economic variables on government approval. Our empirical analysis shows that the one economic variable that appears consistently in all estimates is economic growth. More specifically, we show that for each point of additional growth, the approval rating increases between 1.1 and 1.9 percentage points. Other variables, such as inflation, government spending, and the composition of spending, are significant in only some of the specifications used, while growth is remarkably robust in all of them. Among non-economic variables, the lack of solid institutions also appears consistently as significant as well as the lagged value of government approval ratings. These results suggest that a program focused on growth has a positive influence on the popularity of the government. This conclusion is particularly relevant in a region where populism has been remarkably persistent over time and where the norm has been to run large budget deficits to gain popular support, with consequences on inflation and the external accounts.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2025, 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 2.3 trillion U.S. dollars, whereas Mexico's amounted to almost 1.8 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.

Guyana had the highest real gross domestic product (GDP) in the Americas in 2023, reaching ** percent. Panama followed behind with *** percent. On the other hand, the GDP of Haiti decreased by *** percent in 2023.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.

Graph and download economic data for Shares of gross domestic product: Personal consumption expenditures (DPCERE1Q156NBEA) from Q1 1947 to Q2 2025 about Shares of GDP, PCE, consumption expenditures, consumption, personal, GDP, and USA.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

According to Cognitive Market Research, the asset and wealth management market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of XX from 2024 to 2031.

North America held the major market of more than XX of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX from 2024 to 2031.
Increasing demand for the industry would result in exponential growth with new investments in the market. 
Technological advancements are the main growth driver of the global asset and wealth management market. 
Security protocols in Global asset and wealth management are a restraint. 
Emerging market economies will further create lucrative opportunities for the Global asset and wealth management market. 
Based on the Advisory segment, Robo Advisory has seen the highest CAGR and market and will continue to grow in the upcoming years. 
Growing trends in the asset and management industry are investing more in technology, and cyber security to enhance security and data, offering effective services to clients and improving client acquisition.

Market Dynamics of asset and wealth management market

Key Driving Factors of the asset and wealth management market

How Technological advancements are impacting asset and wealth management?

The wealth management industry is anticipated to a strong growth in the coming years. There is a rising trend of technological transformation in this industry with a shift to online services. This leads to effective solutions and increasing demand in the industry. Wealth management firms have also started providing several services to clients with increased financial plans, etc. The robo-advisor technology is being widely used by the firms A hybrid approach that smoothly combines human services and technological innovation is the way wealth management will develop in the future. Wealth managers can take advantage of the power of data and analytics due to the boost in digital transformation. The rise of fintech firms has accelerated the growth in the global market. Although the wealth management industry works majorly through human advisors which is why there should be a right balance between technology and personal interactions with clients. There has been a significant shift in the demographic landscape of the wealth management industry, especially after the COVID-19 outbreak. Firms are providing services to clients across the globe through virtual meetings and by using more technological advancements and AI Tools. For instance, in 2020, the online brokerage company E*TRADE Financial Corporation was to be acquired by Morgan Stanley. The purchase intends to give Morgan Stanley's customers access to a more complete digital asset management platform and to grow the company's wealth management division.

Rising economic growth is the main driver for the global asset and wealth management market

The asset and wealth management market is driven by strong economic growth and is determined by several factors such as inflation, interest rates, macroeconomic conditions, etc. These factors play an important role in shaping investment and financial strategies. Resilient economic growth drives up the demand and results in healthy growth for the asset and wealth management market. Adoption of technology and productive investment both increase productivity. GDP growth and productivity growth are considerably accelerated by new investment. Businesses increase their investments in and use of digital and automation technologies in response to tight labor markets, which promotes productivity development. Redesigned supply chains are still effective, and there is a surplus of labor available worldwide thanks to a new wave of growing nations. Technology and innovation are effectively pushed by industrial strategy. The rapid expansion of the supply reduces inflationary pressure. As real interest rates average 1% and inflation falls to the target level, productive capital allocation is further encouraged. Adoption of new technologies, increasing disposable income, and rise in consumers For instance, in September 2023, as per the Bureau of Economic Analysis, the increase in GDP of the US economy resulted in strong growth for the Global asset and wealth management market.

Restraining factors of asset and wealth management mar...

The average for 2024 based on 176 countries was 612.36 billion U.S. dollars. The highest value was in the USA: 29184.89 billion U.S. dollars and the lowest value was in Kiribati: 0.31 billion U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The Gross Domestic Product (GDP) in Ghana was worth 82.83 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Ghana represents 0.08 percent of the world economy. This dataset provides the latest reported value for - Ghana GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The USA: Trade balance as percent of GDP: The latest value from 2024 is -3.09 percent, a decline from -2.88 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for the USA from 1960 to 2024 is -1.81 percent. The minimum value, -5.69 percent, was reached in 2006 while the maximum of 1.01 percent was recorded in 1964.

The Gross Domestic Product (GDP) in Australia was worth 1752.19 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Australia represents 1.65 percent of the world economy. This dataset provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average for 2024 based on 177 countries was 27291 U.S. dollars. The highest value was in Singapore: 132570 U.S. dollars and the lowest value was in Burundi: 836 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

The Global Plastic Pallet Pooling market is valued at USD 748.63 million in 2018 and is expected to reach USD 1,255.16 million by the end of 2030, growing at a CAGR of 5.44% between 2023 and 2030.

The North America Plastic Pallet Pooling market size was USD 286.32 Million in 2018 and it will be USD 476.81 Million in 2030.
The Europe Plastic Pallet Pooling market size was USD 150.44 Million in 2018 and it will be USD 235.08 Million in 2030.
The Asia Pacific Plastic Pallet Pooling market size was USD 224.90 Million in 2018 and it will be USD 423.50 Million in 2030.
The Latin America Plastic Pallet Pooling market size was USD 54.75 million in 2018 and it will be USD 76.03 million in 2030.
The Middle East and Africa Plastic Pallet Pooling market size was USD 32.22 million in 2018 and it will be USD 43.73 million in 2030.

Market Dynamics of the Pallet Pooling Market

Market Drivers of the Pallet Pooling Market

The globally expanding manufacturing industry drives increased demand for warehouse pallet pooling solutions.

The manufacturing industry across the globe has been experiencing significant changes and trends in recent years. These changes are driven by various factors such as technological advancements, geopolitical shifts, and evolving consumer demands. Some of the notable trends in the manufacturing industry include the adoption of Advanced Manufacturing Technologies, global supply chain optimization, and sustainable & green manufacturing, among others. Major economies such as the US, China, Japan, Germany, India, The UK, France, and others have seen a steady growth in their manufacturing sectors. In India, for instance, manufacturing has emerged as a key pillar in the country's economic growth, driven by the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. Prior to the pandemic, the Indian manufacturing industry generated 16-17% of India's GDP, and it is projected to be one of the fastest-growing sectors in the country. By 2030, India aims to export goods worth US$ 1 trillion and become a major global manufacturing hub. Moreover, the manufacturing sector in India has registered the highest-ever annual exports of US$ 447.46 billion with 6.03% growth during FY23, surpassing the previous year's record exports of US$ 422 billion. The United States' manufacturing output can be seen in the graph below.   The manufacturing industry is growing rapidly across the world, and warehousing plays a vital role in linking production with distribution in the supply chain. Warehouses store products from the time they are produced or procured until they are distributed to customers. They are particularly crucial in the pharmaceuticals, food and beverages, chemicals, and other manufacturing industries. Large numbers of pallets are required in these warehouse facilities, and companies choose their pallets according to their specific needs. However, buying a large number of pallets can be expensive, so companies prefer pallet pooling services, in which they share and reuse pallets within a network of producers, manufacturers, distributors, retailers, transporters, LSP, and service centers. The primary advantage of renting pallets through a pooling service is that customers are no longer responsible for the logistics of retrieving empty pallets. The pallet pool handles this reverse supply chain for them by delivering the pallets in the required quantities and taking care of them once they have reached the end of the supply chain. The globally expanding manufacturing industry is driving an increased demand for warehouse pallet pooling solutions.

Expansion of the e-commerce sector tends to drive the demand for plastic pallet pooling services globally: The eCommerce industry is rapidly changing as the Internet becomes more accessible worldwide. Many traditional retail businesses are now moving to operate in the eCommerce space. Consumers are enjoying better experiences while shopping online, with a wide selection of products, personalized offers, and easy transactions. The convenience of online shopping, the absence of physical constraints, and the ability to interact with digital platforms make e-commerce more attractive to consumers. The eCommerce industry is expanding globally, driven by the adoption of smartphones and emerging technologies. For example, the following data shows the e-commerce revenue in the Unite...

The average for 2020 based on 125 countries was 3.33 percent. The highest value was in Aruba: 43.39 percent and the lowest value was in Guinea: 0.01 percent. The indicator is available from 1995 to 2020. Below is a chart for all countries where data are available.