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 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.

Historical chart and dataset showing U.S. GDP by year from 1960 to 2023.

United States CSI: Economic Outlook 12 Months data was reported at 123.000 1966=100 in Sep 2018. This records an increase from the previous number of 118.000 1966=100 for Aug 2018. United States CSI: Economic Outlook 12 Months data is updated monthly, averaging 105.000 1966=100 from Jan 1978 (Median) to Sep 2018, with 489 observations. The data reached an all-time high of 165.000 1966=100 in Jan 2000 and a record low of 31.000 1966=100 in Feb 2009. United States CSI: Economic Outlook 12 Months 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. The question was: Now turning to business conditions in the country as a whole -- do you think that during the next 12 months we'll have good times financially or bad times or what?

This statistic shows the revenue of telephone apparatus manufacturing in the USA from 2010 to 2016, with a forecast to 2022. It is projected that the revenue of telephone apparatus manufacturing in the USA will amount to approximately 2,596 million U.S. dollars by 2022.This statistic was automatically created using the well-proven Statista forecast algorithm based on similarity parameters to existing analyst forecasts. The basis for the original forecasts is a combination of time series forecasts, driver forecasts (GDP, population etc.) from sources such as World Bank or the International Monetary Fund and business surveys.

Graph and download economic data for Longer Run FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Midpoint (GDPC1CTMLR) from 2009-02-18 to 2025-06-18 about projection, real, GDP, rate, and USA.

United States CEO Economic Outlook Index data was reported at 109.300 % in Sep 2018. This records a decrease from the previous number of 111.100 % for Jun 2018. United States CEO Economic Outlook Index data is updated quarterly, averaging 84.700 % from Dec 2002 (Median) to Sep 2018, with 64 observations. The data reached an all-time high of 118.600 % in Mar 2018 and a record low of -5.000 % in Mar 2009. United States CEO Economic Outlook Index data remains active status in CEIC and is reported by Business Roundtable. The data is categorized under Global Database’s United States – Table US.S018: CEO Economic Outlook Survey.

United States CSI: Economic: Business Conditions Trends data was reported at 128.000 1966=100 in May 2018. This records an increase from the previous number of 123.000 1966=100 for Apr 2018. United States CSI: Economic: Business Conditions Trends data is updated monthly, averaging 109.000 1966=100 from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 159.000 1966=100 in Jan 2000 and a record low of 25.000 1966=100 in Jun 2008. United States CSI: Economic: Business Conditions Trends data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions.

This API provides data back to 1990 and projections annually, monthly, and quarterly for 18 months. It provides data on economic output, income, expenditures, employment, production and price indexes. Users of the EIA API are required to obtain an API Key via this registration form: http://www.eia.gov/beta/api/register.cfm

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.

AFR Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Sub-Saharan Africa. Data for the REO for Sub-Saharan Africa is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.

Government spending in the United States was last recorded at 39.7 percent of GDP in 2024 . This dataset provides - United States Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data was reported at -3.951 % in 30 Jan 2022. This records an increase from the previous number of -4.087 % for 23 Jan 2022. United States GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data is updated weekly, averaging -4.291 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 0.060 % in 14 Nov 2021 and a record low of -17.584 % in 24 May 2020. United States GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low 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.WT: GDP Growth Tracker: Weekly.

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

Leading Economic Index the United States increased to 99 in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Coincident Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

IBISWorld details the current state of the US economy as well as the economic outlook for the coming months.

The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Company's U.S. Employment: Next 6 Months: Increase data was reported at 56.000 % in Sep 2018. This records a decrease from the previous number of 58.000 % for Jun 2018. United States Company's U.S. Employment: Next 6 Months: Increase data is updated quarterly, averaging 34.500 % from Dec 2002 (Median) to Sep 2018, with 64 observations. The data reached an all-time high of 61.000 % in Mar 2018 and a record low of 6.000 % in Jun 2009. United States Company's U.S. Employment: Next 6 Months: Increase data remains active status in CEIC and is reported by Business Roundtable. The data is categorized under Global Database’s United States – Table US.S018: CEO Economic Outlook Survey.

From the Summer of 2007 until the end of 2009 (at least), the world was gripped by a series of economic crises commonly known as the Global Financial Crisis (2007-2008) and the Great Recession (2008-2009). The financial crisis was triggered by the collapse of the U.S. housing market, which caused panic on Wall Street, the center of global finance in New York. Due to the outsized nature of the U.S. economy compared to other countries and particularly the centrality of U.S. finance for the world economy, the crisis spread quickly to other countries, affecting most regions across the globe. By 2009, global GDP growth was in negative territory, with international credit markets frozen, international trade contracting, and tens of millions of workers being made unemployed.

Global similarities, global differences

Since the 1980s, the world economy had entered a period of integration and globalization. This process particularly accelerated after the collapse of the Soviet Union ended the Cold War (1947-1991). This was the period of the 'Washington Consensus', whereby the U.S. and international institutions such as the World Bank and IMF promoted policies of economic liberalization across the globe. This increasing interdependence and openness to the global economy meant that when the crisis hit in 2007, many countries experienced the same issues. This is particularly evident in the synchronization of the recessions in the most advanced economies of the G7. Nevertheless, the aggregate global GDP number masks the important regional differences which occurred during the recession. While the more advanced economies of North America, Western Europe, and Japan were all hit hard, along with countries who are reliant on them for trade or finance, large emerging economies such as India and China bucked this trend. In particular, China's huge fiscal stimulus in 2008-2009 likely did much to prevent the global economy from sliding further into a depression. In 2009, while the United States' GDP sank to -2.6 percent, China's GDP, as reported by national authorities, was almost 10 percent.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.