As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth quarter of 2024. GDP, or gross domestic product, is effectively a count of the total goods and services produced in a country over a certain period of time. It is calculated by first adding together a country’s total consumer spending, government spending, investments and exports; and then deducting the country’s imports. The values in this statistic are the change in ‘constant price’ or ‘real’ GDP, which means this basic calculation is also adjusted to factor in the regular price changes measured by the U.S. inflation rate. Because of this adjustment, U.S. real annual GDP will differ from the U.S. 'nominal' annual GDP for all years except the baseline from which inflation is calculated. What is annualized GDP? The important thing to note about the growth rates in this statistic is that the values are annualized, meaning the U.S. economy has not actually contracted or grown by the percentage shown. For example, the fall of 29.9 percent in the second quarter of 2020 did not mean GDP is suddenly one third less than a year before. In fact, it means that if the decline seen during that quarter continued at the same rate for a full year, then GDP would decline by this amount. Annualized values can therefore exaggerate the effect of short-term economic shocks, as they only look at economic output during a limited period. This effect can be seen by comparing annualized quarterly growth rates with the annual GDP growth rates for each calendar year.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - United States GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023 the real gross domestic product (GDP) of the United States increased by 2.5 percent compared to 2022. This rate of annual growth indicates a return to economy normalcy after 2020 saw a dramatic decline in the GDP growth rate due to the the coronavirus (COVID-19) pandemic, and high growth in 2021.

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.

According to estimations made after the outbreak of coronavirus (COVID-19), in 2020 the Gross Domestic Product of Italy is forecasted to drop by three percent compared to the previous year. Afterwards, this figure is believed to grow again. However, a forecast from April 2020 estimates that Italy's GDP could decrease of over ***** percent in 2020.

Italy is one of the countries with the highest number of coronavirus cases worldwide. Currently, this pandemic has infected people across *** continents.

The Gross Domestic Product (GDP) in the United States expanded 3 percent in the second 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.

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

GDP Deflator: YoY data was reported at 6.700 % in 2019. This records a decrease from the previous number of 7.600 % for 2018. GDP Deflator: YoY data is updated yearly, averaging 7.100 % from Dec 2000 (Median) to 2019, with 20 observations. The data reached an all-time high of 22.655 % in 2000 and a record low of -11.137 % in 2009. GDP Deflator: YoY data remains active status in CEIC and is reported by National Office of Statistics. The data is categorized under World Trend Plus’s Global Economic Monitor – Table DZ.A008: GDP Deflator: Percentage Change.

Real GDP: YoY: Quarterly data was reported at 0.800 % in Sep 2018. This records a decrease from the previous number of 1.100 % for Jun 2018. Real GDP: YoY: Quarterly data is updated quarterly, averaging 3.100 % from Mar 2012 (Median) to Sep 2018, with 27 observations. The data reached an all-time high of 5.400 % in Sep 2014 and a record low of -0.400 % in Dec 2017. Real GDP: YoY: Quarterly data remains active status in CEIC and is reported by National Office of Statistics. The data is categorized under Global Database’s Algeria – Table DZ.A005: GDP: Real: Percentage Change.

Graph and download economic data for Contributions to percent change in real gross domestic product: Exports of goods and services (A020RY2Q224SBEA) from Q2 1947 to Q2 2025 about contributions, exports, percent, goods, services, real, GDP, and USA.

This dataset shows the annual percentage change in GDP at current prices, disaggregated by economic activity according to ISIC Rev.4 classification.

As of 2020, the Gross Domestic Product (GDP) per capita in Belgium decreased by roughly *** percent, likely due to the coronavirus pandemic. Although the GDP is expected to decrease in 2022, an increase is foreseen in the following years. In 2023, it is expected that the GDP per capita will increase by *** percent.

This statistic shows the percent change in per capita Real Gross Domestic Product (GDP) of the United States from the preceding period in 2019, by state. In 2019, the state of California's per capita Real GDP increased by 2.5 percent from 2018. The annual real GDP growth of the U.S. can be accessed here.

Gross Domestic Product - Table 310-31004 : Component contribution to year-on-year percentage change in real terms of Gross Domestic Product (GDP)

Gross Domestic Product - Table 310-30001 : Percentage change of Gross Domestic Product (GDP) and selected major expenditure components in real terms

Graph and download economic data for Contributions to Percent Change in Real GDP by Industry: Gross Domestic Product (CPGDPAI) from Q2 2005 to Q1 2025 about GDP, rate, and USA.

Annual provincial and territorial contributions to national percentage change in gross domestic product (GDP) at basic prices, by North American Industry Classification System (NAICS).

This dataset presents the annual percentage change in GDP components at current prices. It includes key expenditure elements such as household consumption, government spending, capital formation, and trade. The data supports the analysis of economic trends and expenditure behavior year over year.

The Gross Domestic Product (GDP) in Germany contracted 0.10 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset shows the quarterly percentage change in GDP components at current prices, including household and government consumption, investment, exports, and imports. It helps track economic fluctuations and expenditure trends over time.

This statistic shows the percentage change on the previous year of GDP in Flanders (Belgium) in 2020 and 2021, with a forecast for 2022 to 2027. Although the GDP in Flanders decreased by *** percent in 2020 as a result of the coronavirus pandemic, the GDP of Flanders increased by ***** percent in 2021. Nonetheless, the GDP should increase in the following years.