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.

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 Japan Nominal GDP

• Japan Nominal GDP reached 991.9 USD bn in Dec 2022, compared with 1,000.8 USD bn in the previous quarter.
• Nominal GDP in Japan is updated quarterly, available from Mar 1957 to Dec 2022, with an average number of 759.9 USD bn.
• The data reached an all-time high of 1,616.9 USD bn in Dec 2011 and a record low of 7.0 USD bn in Mar 1957.

CEIC converts quarterly Nominal GDP into USD. Economic and Social Research Institute provides annualized Nominal GDP in local currency based on SNA 2008 with benchmark year 2015. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1994 is based on SNA 1993 with benchmark year 2000 and prior to Q1 1980 is based on SNA 1968.


Related information about Japan Nominal GDP

• In the latest reports, Japan GDP expanded 0.6 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 1.2 % in Dec 2022.
• Japan GDP Per Capita reached 33,911.2 USD in Dec 2022.
• Its Gross Savings Rate was measured at 28.8 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 27.3 % in Sep 2022.
• Public Consumption accounted for 22.3 % in Dec 2022.
• Private Consumption accounted for 55.2 % in Dec 2022.

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.

Laos LA: GDP: USD data was reported at 16.853 USD bn in 2017. This records an increase from the previous number of 15.806 USD bn for 2016. Laos LA: GDP: USD data is updated yearly, averaging 1.825 USD bn from Dec 1984 (Median) to 2017, with 34 observations. The data reached an all-time high of 16.853 USD bn in 2017 and a record low of 598.961 USD mn in 1988. Laos LA: GDP: USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Key information about Mexico Nominal GDP

• Mexico Nominal GDP reached 372.0 USD bn in Dec 2022, compared with 357.2 USD bn in the previous quarter.
• Nominal GDP in Mexico is updated quarterly, available from Mar 1993 to Dec 2022, with an average number of 244.0 USD bn.
• The data reached an all-time high of 372.0 USD bn in Dec 2022 and a record low of 83.4 USD bn in Mar 1995.

CEIC converts quarterly de-annualised Nominal GDP into USD. The National Institute of Statistics and Geography provides annualised Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Mexico Nominal GDP

• In the latest reports, Mexico GDP expanded 3.7 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.5 % in Dec 2022.
• Mexico GDP Per Capita reached 10,927.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 20.0 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 21.9 % in Sep 2022.
• Public Consumption accounted for 11.3 % in Sep 2022.
• Private Consumption accounted for 68.7 % in Sep 2022.

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.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. 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.

In 2023, the United States had a real gross domestic product of about 23.3 trillion U.S. dollars (2017 chained). See the U.S. GDP for further information. Real Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Real GDP in the U.S. The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 22 trillion U.S. dollars in 2023. Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. One of the defining qualities of the United States’ economy is its diversity and advanced technological advancements. Industries such as finance, real estate, health care, and business and education services are large contributors to the economy, while the manufacturing sector accounts for about 11 percent of the country’s wealth. The GDP generated by each state can also vary widely based on principal industries and production. In 2021, California had the highest state GDP in the United States, reaching 3.35 trillion U.S. dollars; comparatively, Vermont generated a GDP of 36.17 billion U.S. dollars in that year.

The Gross Domestic Product (GDP) in China was worth 18743.80 billion US dollars in 2024, according to official data from the World Bank. The GDP value of China represents 17.65 percent of the world economy. This dataset provides - China GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the gross domestic product (GDP) per capita in the United States from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in the United States amounted to around 85,812.18 U.S. dollars. Thus, the United States is one of the countries with the largest GDP per capita worldwide. See the U.S. GDP growth rate here and the US GDP for further information. For comparison, per capita GDP in China had reached about 5,553 U.S. dollars in 2011. Gross domestic product of the United States The gross domestic product (GDP) of a country is an economic key figure, as it represents the market value of goods and services produced in a country within one year. The United States’ GDP) is increasing consistently, and it is expected to continue growing. On a global scale, the U.S. share of GDP adjusted for Purchasing Power Parity has been in the range of 20 percent over the last few years, give or take a few percentage points. The United States has the largest GDP worldwide, with a significant lead over China, Japan and Germany. Gross domestic product per capita is annual GDP divided by the average population from the same year, which allows for a GDP calculation per inhabitant of a country. Thus, a country with a high GDP, like the United States, can still have a low GDP per capita. Consequently, if compared to other countries, the United States does not rank among the top ten on this list .

The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, 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 45.71 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.

Key information about Brazil Nominal GDP

• Brazil Nominal GDP reached 486.1 USD bn in Mar 2023, compared with 490.6 USD bn in the previous quarter.
• Nominal GDP in Brazil is updated quarterly, available from Mar 1990 to Mar 2023, with an average number of 284.6 USD bn.
• The data reached an all-time high of 680.4 USD bn in Jun 2011 and a record low of 89.3 USD bn in Mar 1991.

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


Related information about Brazil Nominal GDP

• In the latest reports, Brazil GDP expanded 2.3 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 9.8 % in Dec 2022.
• Brazil GDP Per Capita reached 8,936.2 USD in Dec 2022.
• Its Gross Savings Rate was measured at 12.4 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 14.9 % in Dec 2022.
• Public Consumption accounted for 20.5 % in Dec 2022.
• Private Consumption accounted for 64.5 % in Dec 2022.

The Gross Domestic Product (GDP) in Indonesia was worth 1396.30 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Indonesia represents 1.32 percent of the world economy. This dataset provides - Indonesia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Japan was about 4.03 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 2.90 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 960 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in European Union was worth 19423.32 billion US dollars in 2024, according to official data from the World Bank. The GDP value of European Union represents 18.29 percent of the world economy. This dataset provides the latest reported value for - European Union GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

The statistic shows the GDP of the United Kingdom between 1987 and 2024, with projections up until 2030, in US dollars.Private-sector-led economic recoveryGDP is counted among the primary indicators that are used to gauge the state of health of a national economy. GDP is the total value of all completed goods and services that have been produced within a country in a given period of time, usually a year. GDP figures allow us to gain a broader understanding of a country’s economy in a clear way. Real GDP, in a similar way, is also a rather useful indicator; this is a measurement that takes prices changes (inflation and deflation) into account, thereby acting as a key indicator for economic growth.The gross domestic product of the United Kingdom is beginning to show signs of recovery since seeing a sharp decline in the wake of the financial crisis. The decreasing unemployment rate in the United Kingdom is also indicating that the worst could be over for the country. However, some concerns have arisen about what forms of employment are being represented, how stable the jobs are, and whether or not they are simply being cited by officials in government as validation for reforms that are criticized by opponents as being ‘ideologically motivated’. Whatever the political motivation, the coalition government’s efforts to let the private sector lead the economic recovery through increasing employment in the UK in the private sector appear, for now at least, to be working.

Key information about India Nominal GDP

• India Nominal GDP reached 873.7 USD bn in Mar 2023, compared with 846.0 USD bn in the previous quarter.
• Nominal GDP in India is updated quarterly, available from Jun 1996 to Mar 2023, with an average number of 357.4 USD bn.
• The data reached an all-time high of 873.7 USD bn in Mar 2023 and a record low of 84.1 USD bn in Sep 1996.

CEIC converts quarterly Nominal GDP into USD. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.


Related information about India Nominal GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 33.2 % in Mar 2023.
• Public Consumption accounted for 12.1 % in Mar 2023.
• Private Consumption accounted for 58.4 % in Mar 2023.

The statistic shows Mexico’s GDP from 1987 to 2024, with projections up until 2030. In 2024, Mexico’s GDP amounted to approximately 1.85 trillion U.S. dollars.Economy of MexicoGDP is an indicator primarily used to gauge the state and health of a national economy. GDP is the total market value of all final goods and services that have been produced within national borders in a given period of time, usually a year. GDP gives us an insight into a country’s economic development over a period of time, how its development fits in with international shifts and how it is affected by the factors that affect market economies.The demand among some segments of the Chinese workforce for fairer payment, coupled with higher transportations costs, have been key factors in increasing the competitiveness of Mexican manufacturing, with some suggestions being made that it is already cheaper than China for the many industries that serve the lucrative United States market. The Mexican economy is, however, far from trouble-free. And although the gross domestic product in Mexico has been increasing, it is showing that it is struggling to match up to the fast pace of growth and prosperity being seen in some of the BRIC countries, as well as the usual suspects of economic success, the United States, Canada and others.Inequality in Mexico remains a huge problem. The education system in the federation’s thirty-one states is in dire need of reform, and in some of the states, especially in those closest to the US border, brutal criminal drug lords'rule. It is important for Mexicans that they embrace the opportunity that they find themselves presented with at present and harness the energy of their large population , the newly arrived foreigners and their educated youth, in order to provide the country with the future prosperity that it most desperately needs.