United States CSI: Current Economic Condition data was reported at 112.300 1966=100 in Nov 2018. This records a decrease from the previous number of 113.100 1966=100 for Oct 2018. United States CSI: Current Economic Condition data is updated monthly, averaging 102.000 1966=100 from Jan 1978 (Median) to Nov 2018, with 491 observations. The data reached an all-time high of 121.200 1966=100 in Mar 2018 and a record low of 57.500 1966=100 in Nov 2008. United States CSI: Current Economic Condition data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s United States – Table US.H025: Consumer Sentiment Index.

In December 2024, a public opinion survey found that only six percent of Americans felt that the economy was in an excellent state. Of the Americans surveyed, 38 percent considered the economy to be in a poor state.

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 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.

Michigan Current Economic Conditions in the United States decreased to 63.50 points in March from 65.70 points in February of 2025. This dataset includes a chart with historical data for the United States Michigan Current Economic Conditions.

In 2023, the U.S. GDP increased from the previous year to about 27.36 trillion U.S. dollars. This increase in GDP can be attributed to a continued rebound from the impact of the coronavirus pandemic. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2023, the United States has the largest economy in the world. See, for example, the Russian GDP for comparison.

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 Unemployment Rate: Age 25 to 54 data was reported at 3.000 % in Oct 2018. This records an increase from the previous number of 2.900 % for Sep 2018. United States Unemployment Rate: Age 25 to 54 data is updated monthly, averaging 4.400 % from Jan 1948 (Median) to Oct 2018, with 850 observations. The data reached an all-time high of 9.700 % in Jan 1983 and a record low of 1.800 % in Aug 1953. United States Unemployment Rate: Age 25 to 54 data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G018: Current Population Survey: Unemployment Rate.

The Gross Domestic Product (GDP) in the United States expanded 2.50 percent in the fourth quarter of 2024 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.

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.

United States CA: saar: Less: Other Current Transfers Paid data was reported at 1,021.811 USD bn in Sep 2018. This records an increase from the previous number of 992.528 USD bn for Jun 2018. United States CA: saar: Less: Other Current Transfers Paid data is updated quarterly, averaging 137.967 USD bn from Dec 1951 (Median) to Sep 2018, with 268 observations. The data reached an all-time high of 1,021.811 USD bn in Sep 2018 and a record low of 0.000 USD bn in Dec 1958. United States CA: saar: Less: Other Current Transfers Paid 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.AB073: Integrated Macroeconomic Accounts: Total Economy: Current Account.

Graph and download economic data for Share of Labour Compensation in GDP at Current National Prices for United States (LABSHPUSA156NRUG) from 1950 to 2019 about compensation, labor, GDP, and USA.

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.

In 2024, the United States had the largest economy in the world, with a gross domestic product of just under 29 trillion U.S. dollars. China had the second largest economy, at around 18.5 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 Italy'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 United States recorded a Current Account deficit of 303.90 USD Billion in the fourth quarter of 2024. This dataset provides the latest reported value for - United States Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Employment data was reported at 162,544.000 Person th in Feb 2025. This records an increase from the previous number of 162,347.000 Person th for Jan 2025. United States Employment data is updated monthly, averaging 109,846.500 Person th from Jan 1948 (Median) to Feb 2025, with 926 observations. The data reached an all-time high of 162,544.000 Person th in Feb 2025 and a record low of 56,189.000 Person th in Jan 1950. United States Employment data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G030: Current Population Survey: Employment.

In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

United States Unemployment Rate: Male data was reported at 4.000 % in Dec 2018. This records an increase from the previous number of 3.400 % for Nov 2018. United States Unemployment Rate: Male data is updated monthly, averaging 5.300 % from Jan 1948 (Median) to Dec 2018, with 852 observations. The data reached an all-time high of 12.300 % in Jan 2010 and a record low of 1.900 % in Oct 1952. United States Unemployment Rate: Male data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G018: Current Population Survey: Unemployment Rate.

United States Unemployment Rate: Male: PW: NA: Mfg: ND: Petro & Coal Products data was reported at 0.000 % in Feb 2025. This stayed constant from the previous number of 0.000 % for Jan 2025. United States Unemployment Rate: Male: PW: NA: Mfg: ND: Petro & Coal Products data is updated monthly, averaging 4.450 % from Jan 2000 (Median) to Feb 2025, with 292 observations. The data reached an all-time high of 22.400 % in Mar 2021 and a record low of 0.000 % in Feb 2025. United States Unemployment Rate: Male: PW: NA: Mfg: ND: Petro & Coal Products data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G037: Current Population Survey: Unemployment Rate.

United States Unemployment Rate: Production data was reported at 3.700 % in Jun 2018. This records a decrease from the previous number of 4.400 % for May 2018. United States Unemployment Rate: Production data is updated monthly, averaging 6.900 % from Jan 2000 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 16.300 % in Jun 2009 and a record low of 3.300 % in Nov 2017. United States Unemployment Rate: Production data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.G018: Current Population Survey: Unemployment Rate.

United States Employment: Part Time: Non Economic Reasons data was reported at 21,979.000 Person th in Oct 2018. This records an increase from the previous number of 21,475.000 Person th for Sep 2018. United States Employment: Part Time: Non Economic Reasons data is updated monthly, averaging 13,708.000 Person th from May 1948 (Median) to Oct 2018, with 846 observations. The data reached an all-time high of 22,132.000 Person th in Apr 2018 and a record low of 4,212.000 Person th in Aug 1955. United States Employment: Part Time: Non Economic Reasons data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.G013: Current Population Survey: Employment.