The Gross Domestic Product (GDP) in the United States expanded 3.80 percent in the second 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.

As of the first quarter of 2025, the GDP of the U.S. fell by 0.5 percent from the fourth 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.

View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

Real gross domestic product (GDP) in the United States is expected to grow by just over two percent in 2025. Beyond that, growth is projected to ease, slipping from roughly 2.8 percent in 2024 to around 1.8 percent by 2030. The softer outlook points to an economy that is still expanding, but at a more subdued pace. Is U.S. debt sustainable? The U.S. economy continues to grapple with growing levels of public debt. The national debt is anticipated to reach approximately 122.5 percent of GDP in 2025, reflecting ongoing fiscal pressures. The U.S. is not alone in it high debt-to-GDP ratio. Other developed economies, including Japan, Singapore, and Italy, currently maintain even higher public debt burdens. Such levels could constrain future economic growth and narrow the range of policy options available to governments. Consumer sentiment in flux The University of Michigan’s Consumer Sentiment Index, a key gauge of confidence in the economy. In November 2025, it stood at 51, its lowest level since June 2022. Based on monthly surveys of households, it tracks consumers views on personal finances, buying conditions, and the broader economic climate.

The Gross Domestic Product (GDP) in the United States expanded 2.10 percent in the second 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.

In 2024 the real gross domestic product (GDP) of the United States increased by 2.8 percent compared to 2023.
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.

The Covid-19 pandemic saw growth fall by 2.2 percent, compared with an increase of 2.5 percent the year before. The last time the real GDP growth rates fell by a similar level was during the Great Recession in 2009, and the only other time since the Second World War where real GDP fell by more than one percent was in the early 1980s recession. The given records began following the Wall Street Crash in 1929, and GDP growth fluctuated greatly between the Great Depression and the 1950s, before growth became more consistent.

Graph and download economic data for Defense Department, Military Prime Contract Awards to U.S. Business Firms for United States (M1531AUSM144NNBR) from Jan 1951 to Dec 1956 about contracts, military, prime, defense, business, and USA.

United States Turnover: CBOT: Financial Options: Treasury Notes: 10 Years data was reported at 20,187,508.000 Contract in Oct 2018. This records an increase from the previous number of 11,159,603.000 Contract for Sep 2018. United States Turnover: CBOT: Financial Options: Treasury Notes: 10 Years data is updated monthly, averaging 2,119,988.500 Contract from May 1985 (Median) to Oct 2018, with 402 observations. The data reached an all-time high of 20,187,508.000 Contract in Oct 2018 and a record low of 12,771.000 Contract in Aug 1985. United States Turnover: CBOT: Financial Options: Treasury Notes: 10 Years data remains active status in CEIC and is reported by CME Group. The data is categorized under Global Database’s USA – Table US.Z023: CBOT: Options: Turnover.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in Iowa (IARQGSP) from Q1 2005 to Q2 2025 about IA, GSP, real, industry, GDP, and USA.

The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Canada expanded 0.60 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

United States Turnover: CBOT: Options: Total data was reported at 27,247,057.000 Contract in Jun 2018. This records a decrease from the previous number of 29,031,228.000 Contract for May 2018. United States Turnover: CBOT: Options: Total data is updated monthly, averaging 6,560,053.000 Contract from Jan 1985 (Median) to Jun 2018, with 366 observations. The data reached an all-time high of 31,000,829.000 Contract in Feb 2018 and a record low of 756,307.000 Contract in Mar 1985. United States Turnover: CBOT: Options: Total data remains active status in CEIC and is reported by CME Group. The data is categorized under Global Database’s USA – Table US.Z023: CBOT: Options: Turnover.

A common characteristic of market economies has been the way firms are continually born, failing, expanding, and contracting (Schumpeter, 1942), a process referred to as business dynamism or creative destruction. The United States became the leading market economy due to the dynamic economic expansion recorded over the last two centuries. Over this period, U.S. business dynamism has been positive, meaning that more firms are born than fail, but there has been a noticeable decline, as described by Hathaway and Lithan (2014a, p.1): The U.S. economy is in a constant state of churn. Historically one new business is born about every minute, while another one fails every eighty seconds. In 2012, there were 13.4 million private sector jobs created or destroyed each quarter—that’s equivalent to one in eight private sector jobs. Despite all of that churning, only 600 thousand net jobs were created each quarter during that same year. That’s equal to about half a percent of private employment.

Hathaway and Litan (2014c) show that U.S. declining business dynamism affects productivity and entrepreneurship, and results in consolidation of the monopoly power of older firms. Hathaway and Litan (2014b) and Hathaway et al. (2014) further show that U.S. business sector created 12 new firms per business establishment in 1978 to 6.2 in 2011. So, U.S. business dynamism has declined.

The question becomes what factors might be contributing to declining business dynamism in the United States? To address this question, this paper examines how U.S. exports and imports, the federal government deficit, and tax-exempt nonprofits may be contributing to declining U.S. business dynamism. Exports and imports are proxies for the effects of foreign competition on the U.S. economy. Intuitively, this may be used to measure the impact of globalization on the business sector. The federal government deficit is a proxy for the role of U.S. government in the economy. Tax-exempt nonprofits are included to find out if the increasing numbers of nonprofits in recent decades has encroached on the traditional activities of profit-making businesses. In other words, the federal government deficit and tax-exempt nonprofits may capture the impact of changing structure of the economy on the business sector.

This paper explores how these variables influence the level of business dynamism and is organized as follows. It explores the literature on business dynamism followed by a review to identify variables and sources of data. Then, the paper presents the model specification and test results and interpretations. In sum, we found that the government (federal government deficit) and foreign (compositions of export and import) sectors have impacted negatively on the U.S. business dynamism over the study period. The concluding remarks focus on the policy implications of the study findings.

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.

The Gross Domestic Product (GDP) in Japan contracted 0.40 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Open Interest: CBOT: Options: Financial data was reported at 5,724,540.000 Contract in Sep 2018. This records an increase from the previous number of 4,725,573.000 Contract for Aug 2018. United States Open Interest: CBOT: Options: Financial data is updated monthly, averaging 1,878,362.000 Contract from Jan 1985 (Median) to Sep 2018, with 405 observations. The data reached an all-time high of 6,655,139.000 Contract in Jan 2008 and a record low of 205,394.000 Contract in Feb 1985. United States Open Interest: CBOT: Options: Financial data remains active status in CEIC and is reported by CME Group. The data is categorized under Global Database’s USA – Table US.Z024: CBOT: Options: Open Interest.

United States Turnover: Daily Avg: CBOT: Financial Futures: US Treasury Notes: 5 Y data was reported at 827,590.000 Contract in Jun 2018. This records a decrease from the previous number of 1,657,021.230 Contract for May 2018. United States Turnover: Daily Avg: CBOT: Financial Futures: US Treasury Notes: 5 Y data is updated monthly, averaging 549,766.500 Contract from Jan 2001 (Median) to Jun 2018, with 210 observations. The data reached an all-time high of 1,862,559.630 Contract in Feb 2018 and a record low of 81,050.000 Contract in Jul 2001. United States Turnover: Daily Avg: CBOT: Financial Futures: US Treasury Notes: 5 Y data remains active status in CEIC and is reported by CME Group. The data is categorized under Global Database’s USA – Table US.Z021: CBOT: Futures: Turnover.

Money Supply M2 in the United States increased to 22298.10 USD Billion in October from 22212.50 USD Billion in September of 2025. This dataset provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.