View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

Key information about United States Nominal GDP

• United States Nominal GDP reached 6,621.6 USD bn in Mar 2023, compared with 6,534.5 USD bn in the previous quarter.
• Nominal GDP in US is updated quarterly, available from Mar 1947 to Mar 2023, with an average number of 1,057.5 USD bn.
• The data reached an all-time high of 6,621.6 USD bn in Mar 2023 and a record low of 60.8 USD bn in Mar 1947.

CEIC de-annualizes quarterly Nominal GDP. The Bureau of Economic Analysis provides annualized Nominal GDP in USD.


Related information about United States Nominal GDP

• In the latest reports, US GDP expanded 1.6 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.4 % in Mar 2023.
• US GDP Per Capita reached 59,484.0 USD in Dec 2017.
• Its Gross Savings Rate was measured at 15.9 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 20.7 % in Mar 2023.
• Public Consumption accounted for 14.1 % in Mar 2023.
• Private Consumption accounted for 67.9 % in Mar 2023.

Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q2 2025 about GDP and USA.

Key information about US Nominal GDP Growth

• United States Nominal GDP Growth was reported at 5.028 % in Dec 2024.
• This records a decrease from the previous number of 5.032 % for Sep 2024.
• US Nominal GDP Growth data is updated quarterly, averaging 6.138 % from Mar 1948 to Dec 2024, with 308 observations.
• The data reached an all-time high of 19.646 % in Mar 1951 and a record low of -6.835 % in Jun 2020.
• US Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Bureau of Economic Analysis provides Nominal GDP in USD.

Key information about Germany Nominal GDP Growth

• Germany Nominal GDP Growth was reported at 2.271 % in Dec 2024.
• This records a decrease from the previous number of 2.436 % for Sep 2024.
• Germany Nominal GDP Growth data is updated quarterly, averaging 4.567 % from Mar 1961 to Dec 2024, with 256 observations.
• The data reached an all-time high of 24.978 % in Jun 1991 and a record low of -8.152 % in Jun 2020.
• Germany Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Statistisches Bundesamt provides Nominal GDP in EUR. Nominal GDP Growth prior to Q1 1992 is sourced from the International Monetary Fund.

In 2023, the value added by the accommodation and food service industry in Japan to the nominal gross domestic product (GDP) grew by about **** percent compared to the previous year. Overall, economic sectors grew by *** percent in nominal terms.

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

While in 2018, digitally transformed enterprises accounted for **** trillion U.S. dollars of the global nominal GDP, in 2023 they are forecast to account for **** trillion U.S. dollars, more than half of the overall nominal GDP. This signals that digital supremacy in the global economy is near. Digital transformation: benefits and necessity  Among many other benefits, digital transformation is essential for helping businesses to create better customer experiences as well as improve their process efficiency through automation. Digitally transformed enterprises are equipped to drive new revenue and stay ahead of the competition. The difficult economic situation brought about by the global coronavirus (COVID-19) pandemic, however, has made digital transformation a necessity rather something nice to have - leading DX activities has become CIOs’ top task to help business preserve through the COVID disruption. Digital transformation challenges   Despite evidence of widespread benefits through digital transformation, its implementation is not without challenges. Businesses worldwide cite skill gaps and cultural differences as major challenges in their pursuit of digital transformation.A lack of clarity on transformation strategy and insufficient alignment across organizational departments are top reasons as to why some businesses stall momentum in their digital transformation efforts.

Key information about Brazil Nominal GDP Growth

• Brazil Nominal GDP Growth was reported at 9.591 % in Dec 2024.
• This records an increase from the previous number of 7.961 % for Sep 2024.
• Brazil Nominal GDP Growth data is updated quarterly, averaging 11.216 % from Mar 1991 to Dec 2024, with 136 observations.
• The data reached an all-time high of 4,442.072 % in Jun 1994 and a record low of -4.053 % in Jun 2020.
• Brazil Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from monthly Nominal GDP. The Central Bank of Brazil provides Nominal GDP in local currency based on SCN 2010/SNA 2008. Nominal GDP prior to Q1 1996 is based on SNA 1993.

The nominal gross domestic product (GDP) of Russia generally increased year-on-year, with a slight decrease in 2020. In 2024, the value of the nominal GDP rose to *** trillion Russian rubles.

In the first quarter of 2025, nominal GDP in Israel decreased to just over *** billion Israeli shekels, some *** billion U.S. dollars. This accounted for a quarterly decline of about *** percent. After an initial shock at the start of the Israel-Hamas war in the fourth quarter of 2023, GDP in the country recovered in the subsequent quarters.

In 2024, the gross domestic product (GDP) of Taiwan amounted to around **** trillion New Taiwan dollars or ***** billion U.S. dollars (at current prices). Annual GDP growth increased to *** percent in 2024 and was forecasted to reach *** percent in 2025. Quarterly GDP growth reached *** percent in the fourth quarter of 2024. Taiwan’s economic development Gross domestic product (GDP) measures the value of all goods and services produced in an economy over a certain time, normally a year. It is a primary indicator of economic strength. Although Taiwan is a comparatively small island, it has a highly developed economy with a high per capita GDP in comparison to other economies in Asia-Pacific.Taiwan is highly integrated in international value chains and is well known for its computer and chip industries. Over the last decade, Taiwan experienced stable economic growth averaging more than three percent, and had comparatively low inflation and unemployment rates. Important economic sectors Taiwan maintains a significant industrial sector. Manufacturing alone contributes around one third to the total GDP, while wholesale and retail trade made up for around ** percent in 2023. This is due to a high export orientation of the economy, with electronic parts being the leading export products. The service sector has been stable at around ** percent of the GDP over the last decade.

Annual and quarterly data for UK gross domestic product (GDP) estimates, in chained volume measures and current market prices.

This statistic shows the nominal gross domestic product (GDP) of the Gulf Cooperation Council in 2019, broken down by member state. In that year, Kuwait's nominal GDP was about ***** billion U.S. dollars.

In 2024, the gross domestic product (GDP) in Japan amounted to around ***** trillion Japanese yen. When excluding the effects of price changes, the GDP reached about ***** trillion yen, up by *** percent compared to the previous year.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 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 Russia'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.

In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
What does GDP growth mean? Essentially, the annual GDP of the U.S. is the monetary value of all goods and services produced within the country over a given year. On the surface, an increase in GDP therefore means that more goods and services have been produced between one period than another. In the case of annualized GDP, it is compared to the previous year. In 2023, for example, the U.S. GDP grew 2.5 percent compared to 2022. Countries with highest GDP growth rate Although the United States has by far the largest GDP of any country, it does not have the highest GDP growth, nor the highest GDP at purchasing power parity. In 2021, Libya had the highest growth in GDP, growing more than 177 percent compared to 2020. Furthermore, Luxembourg had the highest GDP per capita at purchasing power parity, a better measure of living standards than nominal or real GDP.

Key information about Denmark Nominal GDP

• Denmark Nominal GDP reached 97.0 USD bn in Dec 2022, compared with 96.7 USD bn in the previous quarter.
• Nominal GDP in Denmark is updated quarterly, available from Mar 1990 to Dec 2022, with an average number of 72.0 USD bn.
• The data reached an all-time high of 101.6 USD bn in Dec 2021 and a record low of 32.3 USD bn in Mar 1990.

CEIC converts quarterly Nominal GDP into USD. Statistics Denmark provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Denmark Nominal GDP

• In the latest reports, Denmark GDP expanded 1.5 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.5 % in Dec 2022.
• Denmark GDP Per Capita reached 66,782.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 36.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 26.2 % in Dec 2022.
• Public Consumption accounted for 22.6 % in Dec 2022.
• Private Consumption accounted for 44.0 % in Dec 2022.

The table shows quarterly GDP levels around the world, i.e. the value of all goods and services produced on the territory of the country over a three month period. This is nominal GDP so its changes over time reflect both changes in the amounts of goods and services produced as well as their prices. The first column of the table is the most recent GDP number released by the national governments. Please note that we update these data on a daily basis. The second column is the percent change in the nominal GDP from the previous quarter. The third column is the percent change from the same quarter last year. The latter one is a useful measure of growth as it eliminates seasonal factors by comparing the GDP levels at the same time of the current and the previous year. Real GDP growth, i.e. excluding price changes, is typically about 1-3 percent per year. Therefore, nominal rates of growth well in excess of that are definitely due to rising prices much more than to rising output levels.

Graph and download economic data for Nominal Gross Domestic Product for Germany (NGDPSAXDCDEQ) from Q1 1991 to Q2 2025 about Germany and GDP.