In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

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.

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2020 to 2024, with projections up until 2030. 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 2024, the growth of the real gross domestic product in the United States was around 2.8 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.

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.

United States GDPS: 2017p: Connecticut data was reported at 296.626 USD bn in Dec 2024. This records an increase from the previous number of 295.295 USD bn for Sep 2024. United States GDPS: 2017p: Connecticut data is updated quarterly, averaging 268.433 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 296.626 USD bn in Dec 2024 and a record low of 245.440 USD bn in Jun 2020. United States GDPS: 2017p: Connecticut data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A077: NIPA 2023: GDP by State: New England Region: Chain Linked 2017 Price: saar.

United States GDPS: 2017p: NJ: Pvt: Other Svcs excl Gov't data was reported at 11.414 USD bn in Dec 2024. This records a decrease from the previous number of 11.458 USD bn for Sep 2024. United States GDPS: 2017p: NJ: Pvt: Other Svcs excl Gov't data is updated quarterly, averaging 11.963 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 13.912 USD bn in Mar 2006 and a record low of 8.662 USD bn in Jun 2020. United States GDPS: 2017p: NJ: Pvt: Other Svcs excl Gov't data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A075: NIPA 2023: GDP by State: Mideast Region: Chain Linked 2017 Price: saar.

United States GDPS: 2017p: SD: Pvt: AA: Arts, Entertainment & Recreation (ER) data was reported at 0.429 USD bn in Dec 2024. This records a decrease from the previous number of 0.434 USD bn for Sep 2024. United States GDPS: 2017p: SD: Pvt: AA: Arts, Entertainment & Recreation (ER) data is updated quarterly, averaging 0.302 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 0.435 USD bn in Jun 2024 and a record low of 0.199 USD bn in Jun 2020. United States GDPS: 2017p: SD: Pvt: AA: Arts, Entertainment & Recreation (ER) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A079: NIPA 2023: GDP by State: Plains Region: Chain Linked 2017 Price: saar.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2024, with projections up until 2030. The gross domestic product of the United States in 2024 amounted to around 29.18 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.

United States GDPS: saar: LA: Pvt: AA: Arts, Entertainment & Recreation (ER) data was reported at 3.639 USD bn in Dec 2024. This records an increase from the previous number of 3.588 USD bn for Sep 2024. United States GDPS: saar: LA: Pvt: AA: Arts, Entertainment & Recreation (ER) data is updated quarterly, averaging 2.241 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 3.702 USD bn in Jun 2024 and a record low of 1.569 USD bn in Jun 2020. United States GDPS: saar: LA: Pvt: AA: Arts, Entertainment & Recreation (ER) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A082: NIPA 2023: GDP by State: Southeast Region: Current Price: saar.

United States GDPS: 2017p: OH: Government data was reported at 73.900 USD bn in Dec 2024. This records an increase from the previous number of 73.838 USD bn for Sep 2024. United States GDPS: 2017p: OH: Government data is updated quarterly, averaging 71.329 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 73.900 USD bn in Dec 2024 and a record low of 66.930 USD bn in Jun 2020. United States GDPS: 2017p: OH: Government data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A073: NIPA 2023: GDP by State: Great Lakes Region: Chain Linked 2017 Price: saar.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

United States GDPS: saar: VT: Pvt: AA: Arts, Entertainment & Recreation (ER) data was reported at 0.671 USD bn in Dec 2024. This records an increase from the previous number of 0.663 USD bn for Sep 2024. United States GDPS: saar: VT: Pvt: AA: Arts, Entertainment & Recreation (ER) data is updated quarterly, averaging 0.324 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 0.671 USD bn in Dec 2024 and a record low of 0.196 USD bn in Jun 2020. United States GDPS: saar: VT: Pvt: AA: Arts, Entertainment & Recreation (ER) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A076: NIPA 2023: GDP by State: New England Region: Current Price: saar.

United States GDPS: 2017p: VT: Pvt: Construction data was reported at 1.150 USD bn in Dec 2024. This records an increase from the previous number of 1.132 USD bn for Sep 2024. United States GDPS: 2017p: VT: Pvt: Construction data is updated quarterly, averaging 1.197 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 1.724 USD bn in Mar 2005 and a record low of 0.957 USD bn in Jun 2020. United States GDPS: 2017p: VT: Pvt: Construction data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A077: NIPA 2023: GDP by State: New England Region: Chain Linked 2017 Price: saar.

United States GDPS: 2017p: LA: Government data was reported at 28.776 USD bn in Dec 2024. This records an increase from the previous number of 28.570 USD bn for Sep 2024. United States GDPS: 2017p: LA: Government data is updated quarterly, averaging 28.168 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 31.745 USD bn in Mar 2005 and a record low of 26.676 USD bn in Jun 2020. United States GDPS: 2017p: LA: Government data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A083: NIPA 2023: GDP by State: Southeast Region: Chain Linked 2017 Price: saar.

The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

United States GDPS: saar: MO: Pvt: Information (IF) data was reported at 15.029 USD bn in Dec 2024. This records an increase from the previous number of 14.962 USD bn for Sep 2024. United States GDPS: saar: MO: Pvt: Information (IF) data is updated quarterly, averaging 12.236 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 15.029 USD bn in Dec 2024 and a record low of 10.207 USD bn in Jun 2020. United States GDPS: saar: MO: Pvt: Information (IF) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A078: NIPA 2023: GDP by State: Plains Region: Current Price: saar.

In 2023, the estimated total GDP of all ASEAN states amounted to approximately 3.8 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

The gross domestic product (GDP) of the United States amounted to **** trillion U.S. dollars in 2023, making it the largest economy in the G20 and the largest worldwide. China was the second largest economy in that year, with a GDP valued at **** trillion U.S. dollars. It is worth noticing that while the U.S. GDP was forecast to increase by around **** trillion U.S. dollars until 2027, China's GDP is forecast to grow by around *** trillion U.S. dollars in the same time.

United States GDPS: 2017p: MO: Government data was reported at 38.988 USD bn in Dec 2024. This records an increase from the previous number of 38.697 USD bn for Sep 2024. United States GDPS: 2017p: MO: Government data is updated quarterly, averaging 37.103 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 39.178 USD bn in Mar 2010 and a record low of 35.166 USD bn in Jun 2020. United States GDPS: 2017p: MO: Government data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A079: NIPA 2023: GDP by State: Plains Region: Chain Linked 2017 Price: saar.

United States GDPS: 2017p: CT: Pvt: Other Svcs excl Gov't data was reported at 4.512 USD bn in Dec 2024. This records a decrease from the previous number of 4.552 USD bn for Sep 2024. United States GDPS: 2017p: CT: Pvt: Other Svcs excl Gov't data is updated quarterly, averaging 5.231 USD bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 6.361 USD bn in Mar 2005 and a record low of 3.847 USD bn in Jun 2020. United States GDPS: 2017p: CT: Pvt: Other Svcs excl Gov't data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A077: NIPA 2023: GDP by State: New England Region: Chain Linked 2017 Price: saar.