This graph shows a forecast of the gross domestic product of the United States of America for fiscal years 2024 to 2034. GDP refers to the market value of all final goods and services produced within a country in a given period. According to the CBO, the United States GDP will increase steadily over the next decade from 28.18 trillion U.S. dollars in 2023 to 41.65 trillion U.S. dollars in 2034. The annual GDP of the United States for recent years can be found here. Also, view the monthly inflation rate for the country.

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2019 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2023, the growth of the real gross domestic product in the United States was around 2.53 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information.

Real gross domestic product (GDP) of the United States

The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation.

An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy.

A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

By November 2025, it is projected that there is a probability of 33.56 percent that the United States will fall into another economic recession. This reflects a significant decrease from the projection of the preceding month.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2023, with projections up until 2029. The gross domestic product of the United States in 2023 amounted to around 27.72 trillion U.S. dollars. The United States and the economy The United States’ economy is by far the largest in the world; a status which can be determined by several key factors, one being gross domestic product: A look at the GDP of the main industrialized and emerging countries shows a significant difference between US GDP and the GDP of China, the runner-up in the ranking, as well as the followers Japan, Germany and France. Interestingly, it is assumed that China will have surpassed the States in terms of GDP by 2030, but for now, the United States is among the leading countries in almost all other relevant rankings and statistics, trade and employment for example. See the U.S. GDP growth rate here. Just like in other countries, the American economy suffered a severe setback when the economic crisis occurred in 2008. The American economy entered a recession caused by the collapsing real estate market and increasing unemployment. Despite this, the standard of living is considered quite high; life expectancy in the United States has been continually increasing slightly over the past decade, the unemployment rate in the United States has been steadily recovering and decreasing since the crisis, and the Big Mac Index, which represents the global prices for a Big Mac, a popular indicator for the purchasing power of an economy, shows that the United States’ purchasing power in particular is only slightly lower than that of the euro area.

Explore the impact of the U.S. trade deficit reaching new heights alongside declining GDP forecasts, and what it means for the economy and various industries.

United States FOMC Projection: Core PCE Inflation: Median: Y3 data was reported at 2.000 % in Dec 2024. This stayed constant from the previous number of 2.000 % for Sep 2024. United States FOMC Projection: Core PCE Inflation: Median: Y3 data is updated quarterly, averaging 2.000 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 2.100 % in Dec 2022 and a record low of 2.000 % in Dec 2024. United States FOMC Projection: Core PCE Inflation: Median: Y3 data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.I032: PCE Price Index: Summary of Economic Projections: Federal Reserve Board.

Forecast: Contribution to GDP of Construction in the US 2024 - 2028 Discover more data with ReportLinker!

United States CBO Projection: LT: Rev Less Total Noninterest Spending: % of GDP data was reported at -3.300 % in 2048. This records a decrease from the previous number of -3.200 % for 2047. United States CBO Projection: LT: Rev Less Total Noninterest Spending: % of GDP data is updated yearly, averaging -2.500 % from Sep 2012 (Median) to 2048, with 37 observations. The data reached an all-time high of -1.500 % in 2017 and a record low of -6.100 % in 2012. United States CBO Projection: LT: Rev Less Total Noninterest Spending: % of GDP data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s USA – Table US.F003: Federal Government Receipts & Outlays: Projection: Congressional Budget Office.

In 2023, the GDP of the United States increased by about 2.5 percent compared to the previous year. This comes amid high nflation rates globally, and countries such as Argentina and Germany even experiencing economic decline. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator to measure the economic strength of a country.

The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

Forecast: GDP Energy Intensity in the US 2024 - 2028 Discover more data with ReportLinker!

In 2030, 23 percent of 5G mobile technology's contribution to the North American economy is expected to be realized in the manufacturing sector, while the public administration sector is set to account for a further 23 percent share. It is expected that 5G connections will account for the vast majority of mobile connections in the United States and Canada by 2030.

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

United States GDP: Deflator: Gross Capital Formation data was reported at 1.285 Index, 2017 in Dec 2026. This records an increase from the previous number of 1.278 Index, 2017 for Sep 2026. United States GDP: Deflator: Gross Capital Formation data is updated quarterly, averaging 0.764 Index, 2017 from Mar 1960 (Median) to Dec 2026, with 268 observations. The data reached an all-time high of 1.285 Index, 2017 in Dec 2026 and a record low of 0.208 Index, 2017 in Mar 1966. United States GDP: Deflator: Gross Capital Formation data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.EO: GDP: Deflator: Forecast: OECD Member: Quarterly. PITISK - Gross capital formation, deflatorIndex, national reference year

Forecast: Total Tourism GDP in the US 2024 - 2028 Discover more data with ReportLinker!

United States FRBOP Forecast: Annual Core(CPI) Consumer Price IndexInfl: sa: Mean: Current Plus 1 Yr data was reported at 2.431 % in Jun 2018. This records an increase from the previous number of 2.302 % for Mar 2018. United States FRBOP Forecast: Annual Core(CPI) Consumer Price IndexInfl: sa: Mean: Current Plus 1 Yr data is updated quarterly, averaging 2.067 % from Mar 2007 (Median) to Jun 2018, with 46 observations. The data reached an all-time high of 2.431 % in Jun 2018 and a record low of 1.402 % in Dec 2010. United States FRBOP Forecast: Annual Core(CPI) Consumer Price IndexInfl: sa: Mean: Current Plus 1 Yr data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.I008: Consumer Price Index: Urban: sa: Forecast: Federal Reserve Bank of Philadelphia.

Bath & Body Works announces cautious financial forecasts due to economic unpredictability and shifts in consumer spending patterns.

Forecast: Contribution to GDP of Agriculture, Hunting, Forestry, Fishing in the US 2024 - 2028 Discover more data with ReportLinker!

Forecast: Civil Government Budget Allocations for R&D for Economic Development Programmes in the US 2023 - 2027 Discover more data with ReportLinker!

United States FRBOP Forecast:(GDP) Gross Domestic ProductPrice Index: sa: Mean data was reported at 115.395 2009=100 in Jun 2018. This records an increase from the previous number of 114.820 2009=100 for Mar 2018. United States FRBOP Forecast:(GDP) Gross Domestic ProductPrice Index: sa: Mean data is updated quarterly, averaging 121.962 2009=100 from Dec 1968 (Median) to Jun 2018, with 199 observations. The data reached an all-time high of 234.192 2009=100 in Dec 1985 and a record low of 104.809 2009=100 in Dec 1999. United States FRBOP Forecast:(GDP) Gross Domestic ProductPrice Index: sa: Mean data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.A020: NIPA 2013: GDP by Expenditure: Seasonally Adjusted: Price Index: Forecast: Federal Reserve Bank of Philadelphia.