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.

GDP per capita growth (annual %) in United States was reported at 1.7974 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In the first quarter of 2024, the GDP of the United States was three percent higher compared to the first quarter of 2023. The gross domestic product refers to the market value of all final goods and services produced in a country within a given period. The GDP of the United States amounted to 25.46 trillion U.S. dollars in 2022. The annual GDP of the United States can be found here, the growth per quarter can be found here and the chained quarterly GDP growth can be found here.

United States US: GDP: Growth: Gross Value Added: Services data was reported at 2.621 % in 2015. This records an increase from the previous number of 2.221 % for 2014. United States US: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 2.335 % from Dec 1998 (Median) to 2015, with 18 observations. The data reached an all-time high of 4.456 % in 1999 and a record low of -1.772 % in 2009. United States US: GDP: Growth: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

In 2023, the real gross domestic product (GDP) of New York increase by *** percent when compared to the previous year. 2021 saw was the largest increase in the state's real GDP since 2000, when the GDP increased by *** percent as the state rebounded from the COVID-19 pandemic.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the real gross domestic product (GDP) of Michigan increased by roughly 1.9 percent compared to the previous year. 2021 saw the most growth experienced by the state's GDP since 2000. The significant growth of the Michigan GDP in that year can be attributed to the recovery from the COVID-19 pandemic.

United States US: GDP: Growth: Final Consumption Expenditure: General Government data was reported at 0.968 % in 2016. This records a decrease from the previous number of 1.332 % for 2015. United States US: GDP: Growth: Final Consumption Expenditure: General Government data is updated yearly, averaging 1.566 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 4.928 % in 1985 and a record low of -2.654 % in 2011. United States US: GDP: Growth: Final Consumption Expenditure: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. General government final consumption expenditure (general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In 2023, the real gross domestic product (GDP) of Maryland increased by 1.6 percent when compared to the previous year. 2021 saw the largest year for growth since 2000. The shrinkage of Maryland's GDP in 2020 can be attributed to the COVID-19 pandemic.

United States US: GDP: Growth: Final Consumption Expenditure: Household data was reported at 2.733 % in 2016. This records a decrease from the previous number of 3.642 % for 2015. United States US: GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 3.254 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.133 % in 1972 and a record low of -1.601 % in 2009. United States US: GDP: Growth: Final Consumption Expenditure: Household data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Graph and download economic data for Gross domestic product per capita (A939RC0A052NBEA) from 1929 to 2024 about per capita, GDP, and USA.

The average for 2024 based on 11 countries was 5.66 percent. The highest value was in Guyana: 43.37 percent and the lowest value was in Ecuador: -2 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q1 2025 about GDP and USA.

In 2023, the real gross domestic product (GDP) of Missouri increased by roughly 2.6 percent from the preceding year. 2021 saw significant GDP growth in the state as the economy rebounded from the COVID-19 pandemic. The GDP of the United States grew by 2.9 percent in 2023.

Graph and download economic data for FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Low (GDPC1CTL) from 2025 to 2027 about projection, real, GDP, rate, and USA.

The average for 2025 based on 23 countries was 2.58 percent. The highest value was in Saint Vincent and the Grenadines: 4.7 percent and the lowest value was in Haiti: -1 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

United States US: GDP: Growth: Imports of Goods and Services data was reported at 1.271 % in 2016. This records a decrease from the previous number of 4.961 % for 2015. United States US: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 5.405 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 24.343 % in 1984 and a record low of -13.724 % in 2009. United States US: GDP: Growth: Imports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Bahamas BS: GDP: Growth: Adjusted Net National Income per Capita data was reported at 12.729 % in 2021. This records an increase from the previous number of -26.659 % for 2020. Bahamas BS: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging -0.826 % from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 21.079 % in 1995 and a record low of -26.659 % in 2020. Bahamas BS: GDP: Growth: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Bahamas – Table BS.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

Context

This dataset contains annual GDP growth for each country.

Content

This dataset contains data about 264 countries. There is some missing data for several countries. Format of data: .csv

Column names and description: - "Country Name" - name of country - "Country Code" - code of country (3 letters) - "Indicator Name" - all fields filled with 'GDP (current US$)' - "Indicator Code" - all fields contains 'NY.GDP.MKTP.CD' value - Colums for each year (1960 - 2020)

Acknowledgements

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

World Bank national accounts data, and OECD National Accounts data files. Source of data: https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG

Chile CL: GDP: Growth: Gross Capital Formation data was reported at -5.288 % in 2023. This records a decrease from the previous number of 1.407 % for 2022. Chile CL: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 6.455 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 34.208 % in 1995 and a record low of -38.301 % in 1982. Chile CL: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chile – Table CL.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 2008 SNA, net acquisitions of valuables are also considered capital formation.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;