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.

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 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.

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.

This table contains 114 series, with data for years 1919 - 1971 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Industry (114 items: Real domestic product; Agriculture; Forestry; Fishing and trapping; ...).

In most years since 1980, global GDP growth has been relatively consistent, generally fluctuating between two and five percent growth from year to year. The most notable exceptions to this were during the Great Recession in 2009, and again in 2020 during the Covid-19 pandemic, where the global economy actually shrank in both of these years. As the world economy continues to deal with the economic impact of the pandemic, as well as the fallout from Russia's invasion of Ukraine in 2022, the future remains uncertain, however current estimates suggest that annual growth will return to steady figures of around 3 percent in 2029.

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

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.

The statistic shows the gross domestic product (GDP) per capita in India from 1987 to 2030. In 2020, the estimated gross domestic product per capita in India amounted to about 1,915.55 U.S. dollars. See figures on India's economic growth here. For comparison, per capita GDP in China had reached about 6,995.25 U.S. dollars in 2013. India's economic progress India’s progress as a country over the past decade can be attributed to a global dependency on cheaper production of goods and services from developed countries around the world. India’s economy is built upon its agriculture, manufacturing and services sector, which, along with its drastic rise in population and demand for employment, led to a significant increase of the nation’s GDP per capita. Despite experiencing rather momentous economic gains since the mid 2000s, the Indian economy stagnated around 2012, with a decrease in general growth as well as the value of its currency. Residents and consumers in India have recently shown pessimism regarding the future of the Indian economy as well as their own financial situation, and with the recent economic standstill, consumer confidence in the country could potentially lower in the near future. Typical Indian exports consist of agricultural products, jewelry, chemicals and ores. Imports consist primarily of crude oil, gold and precious stones, used primarily in the manufacturing of jewelry. As a result, India has seen a rather highly increased demand of several gems in order to boost their jewelry industry and in general their exports. Although India does not export an extensive amount of goods, especially when considering the stature of the country, India has remained as one of the world’s largest exporters.

In 2023, the United States had a real gross domestic product of about 22 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 Saudi Arabia was worth 1237.53 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Saudi Arabia represents 1.17 percent of the world economy. This dataset provides - Saudi Arabia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth in real GDP in Indonesia from between 2020 to 2024, with projections up until 2030. In 2024, Indonesia's real gross domestic product grew by around 5.03 percent compared to the previous year. Indonesia's economy on the rise Indonesia is a nation with a growing economy and a steadily increasing population. It is estimated that the total population in Indonesia will surpass 255 million inhabitants by 2016 and continue to grow fast. Indonesia reports the fourth-largest population worldwide, and it is also the fifteenth-largest country by total area. The country's biggest contributor to gross domestic product is the industry, with services close behind. In 2013, industry contributed more than 45 percent to Indonesia's gross domestic product in Indonesia. The economy in Indonesia has been on the rise over the past years, and Indonesia is slowly establishing itself as one of the world’s most powerful economic players. In 2014, Indonesia's gross domestic product (GDP) amounted to more than 856 billion U.S. dollars, that's higher than Saudi Arabia's GDP, for example. GDP is calculated by analyzing the volume and value of goods and services that a country can produce in a specific time period. Emerging markets and developing economies, such as Indonesia, make up around 57 percent of global gross domestic product. Another indicator of economic strength is GDP per capita, which helps to assess the quality of life in a country and the growth of the economy. GDP per capita in Indonesia has been estimated to almost quadruple in the time period between 2004 and 2014, indicating an increase in living standards.

In 2024, the real gross domestic product (GDP) of Florida was about 1.34 trillion U.S. dollars. This is an increase from the previous year, when the state's GDP stood at around 1.29 trillion U.S. dollars.

The Gross Domestic Product (GDP) in Vietnam was worth 476.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Vietnam represents 0.45 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

At the turn of the twentieth century, GDP per capita in Europe was approximately 59 percent higher than the global GDP per capita. This figure dropped over the first half of the century, to 152 percent in 1950. The period between the beginning of the First World War and the end of the Second World War (1914-1945) marked the period in European history with the lowest economic growth in modern history; this was followed by the period with the fastest economic growth from 1946-1973.

In 1950, GDP per capita in Western Europe (29 countries) was just 48 percent of GDP per capita in the U.S. The post-war economic boom from 1950 to 1973 was the most prosperous period in Western Europe's history, and GDP per capita more than doubled in this period, reaching 69 percent of the U.S.' rate. Due to several economic crises in Europe in the following decades, growth rates in Western Europe remained relatively stable. Still, they did not reach the same heights as seen during the so-called Golden Age of Capitalism.

In contrast, the U.S. had been harder hit than Western Europe by the economic difficulties of the 1970s and 1980s, but the dissolution of the Soviet Union in 1991 coincided with one of the most successful decades in U.S. history, with the economy thriving in the 1990s. For Western Europe, the fall of communism had a knock-on effect that limited growth in the early 1990s, although GDP per capita compared to the U.S. was fairly similar to 1973's rate (albeit lower) at 66 percent.

Although Italy had the largest GDP per capita of the four largest Southern European states, between 1913 and 1950, the highest rates of GDP per capita growth were experienced in Portugal and Greece. Compared with GDP per capita in 1913, Portugal's figure grew consistently between each period, facilitated by the relative peace it experienced during the early 20th century. Greece's GDP per capita grew by 68 percent between 1913 and 1938, however it fell significantly over the 1940s due to the devastation caused by the Second World War and Greek Civil War.

Historical: GDP indexes, using 1986=100 data seasonally adjusted at annual rates, based on the 1968 System of National Accounts international standards. First quarter of 1947 to second quarter of 1997.

The combined value of the gross domestic product (GDP) in purchasing power parity (PPP) of the BRICS Plus countries increased significantly since 2000, overtaking that of the G7 in 2015. This is mainly due to the economic development of China over the past decades.

This line chart displays GDP (current US$) by date using the aggregation sum in Montenegro. The data is about countries per year.