The Gross Domestic Product (GDP) in the United States contracted 0.50 percent in the first 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.

Graph and download economic data for Real GDP at Constant National Prices for Portugal (RGDPNAPTA666NRUG) from 1950 to 2019 about Portugal, real, GDP, and price.

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.

Graph and download economic data for Real GDP Per Capita for Gabon (GABNGDPRPCPCPPPT) from 2000 to 2026 about Gabon, REO, per capita, real, GDP, and rate.

Czech Republic - Real GDP growth rate was 1.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Czech Republic - Real GDP growth rate - last updated from the EUROSTAT on July of 2025. Historically, Czech Republic - Real GDP growth rate reached a record high of 5.20% in December of 2017 and a record low of -5.30% in December of 2020.

As of the third quarter of 2024, the GDP of the U.S. grew by 2.8 percent from the second 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.

On October 29, 1929, the U.S. experienced the most devastating stock market crash in it's history. The Wall Street Crash of 1929 set in motion the Great Depression, which lasted for twelve years and affected virtually all industrialized countries. In the United States, GDP fell to it's lowest recorded level of just 57 billion U.S dollars in 1933, before rising again shortly before the Second World War. After the war, GDP fluctuated, but it increased gradually until the Great Recession in 2008. Real GDP Real GDP allows us to compare GDP over time, by adjusting all figures for inflation. In this case, all numbers have been adjusted to the value of the US dollar in FY2012. While GDP rose every year between 1946 and 2008, when this is adjusted for inflation it can see that the real GDP dropped at least once in every decade except the 1960s and 2010s. The Great Recession Apart from the Great Depression, and immediately after WWII, there have been two times where both GDP and real GDP dropped together. The first was during the Great Recession, which lasted from December 2007 until June 2009 in the US, although its impact was felt for years after this. After the collapse of the financial sector in the US, the government famously bailed out some of the country's largest banking and lending institutions. Since recovery began in late 2009, US GDP has grown year-on-year, and reached 21.4 trillion dollars in 2019. The coronavirus pandemic and the associated lockdowns then saw GDP fall again, for the first time in a decade. As economic recovery from the pandemic has been compounded by supply chain issues, inflation, and rising global geopolitical instability, it remains to be seen what the future holds for the U.S. economy.

Greece - Real GDP growth rate was 2.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Real GDP growth rate - last updated from the EUROSTAT on June of 2025. Historically, Greece - Real GDP growth rate reached a record high of 8.70% in December of 2021 and a record low of -10.10% in December of 2011.

Graph and download economic data for Real GDP Per Capita for Guinea (GINNGDPRPCPCPPPT) from 2000 to 2026 about Guinea, REO, per capita, real, GDP, and rate.

Euro Area - Real GDP growth rate was 3.50% in December of 2022, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Real GDP growth rate - last updated from the EUROSTAT on July of 2025. Historically, Euro Area - Real GDP growth rate reached a record high of 5.30% in December of 2021 and a record low of -6.10% in December of 2020.

Graph and download economic data for Real Gross Domestic Product for Italy (CLVMNACSCAB1GQIT) from Q1 1995 to Q1 2025 about Italy, real, and GDP.

The Gross Domestic Product (GDP) in the United States was worth 27720.71 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United States represents 26.29 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in the United States expanded 2 percent in the first 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.

Graph and download economic data for Real GDP Per Capita for Angola (AGONGDPRPCPCPPPT) from 2000 to 2026 about Angola, REO, per capita, real, GDP, and rate.

Denmark - Real GDP growth rate was 3.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - Real GDP growth rate - last updated from the EUROSTAT on May of 2025. Historically, Denmark - Real GDP growth rate reached a record high of 7.40% in December of 2021 and a record low of -1.80% in December of 2020.

Graph and download economic data for Real GDP Per Capita for Cameroon (CMRNGDPRPCPCPPPT) from 2000 to 2026 about Cameroon, REO, per capita, real, GDP, and rate.

Total Quantity Indexes for Real GDP for Kansas City, MO-KS (MSA) was 114.25600 Index 2009=100 in January of 2023, according to the United States Federal Reserve. Historically, Total Quantity Indexes for Real GDP for Kansas City, MO-KS (MSA) reached a record high of 115.52700 in January of 2019 and a record low of 83.71500 in January of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Quantity Indexes for Real GDP for Kansas City, MO-KS (MSA) - last updated from the United States Federal Reserve on July of 2025.

Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (NAICS 71) in the United States was 120.42100 Index 2009=100 in January of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (NAICS 71) in the United States reached a record high of 120.42100 in January of 2024 and a record low of 73.60700 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (NAICS 71) in the United States - last updated from the United States Federal Reserve on May of 2025.

Graph and download economic data for Real GDP Per Capita for Gambia, The (GMBNGDPRPCPCPPPT) from 2000 to 2026 about Gambia, REO, per capita, real, GDP, and rate.

Slovakia - Real GDP growth rate was 2.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Slovakia - Real GDP growth rate - last updated from the EUROSTAT on June of 2025. Historically, Slovakia - Real GDP growth rate reached a record high of 6.70% in December of 2010 and a record low of -2.60% in December of 2020.