The Gross Domestic Product (GDP) in the United States expanded 3.30 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.

The Gross Domestic Product (GDP) in the United States expanded 2 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.

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.

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

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.

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.

Key information about United States Private Consumption: % of GDP

• United States Private Consumption accounted for 68.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 67.7 % in the previous quarter.
• US Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1947 to Dec 2024, with an average share of 63.5 %.
• The data reached an all-time high of 68.8 % in Dec 2024 and a record low of 57.7 % in Mar 1952.

• In the latest reports, US GDP expanded 1.8 % YoY in Mar 2023.
• Its Nominal GDP reached 6,632.4 USD bn in Mar 2023.
• US GDP Per Capita reached 59,484.0 USD in Dec 2017.
• Its Gross Savings Rate was measured at 16.0 % in Mar 2023.

Graph and download economic data for Federal Net Outlays as Percent of Gross Domestic Product (FYONGDA188S) from 1929 to 2024 about outlays, Net, federal, GDP, and USA.

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.

United States House Price Index: FHFA: Expanded: sa: New York data was reported at 213.220 Jan1991=100 in Mar 2018. This records an increase from the previous number of 210.110 Jan1991=100 for Dec 2017. United States House Price Index: FHFA: Expanded: sa: New York data is updated quarterly, averaging 169.710 Jan1991=100 from Mar 1991 (Median) to Mar 2018, with 109 observations. The data reached an all-time high of 213.220 Jan1991=100 in Mar 2018 and a record low of 98.240 Jan1991=100 in Dec 1994. United States House Price Index: FHFA: Expanded: sa: New York data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s USA – Table US.EB015: House Price Index: Expanded.

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.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by July 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached ***** percent in 2022, the highest since 1991. However, by *********, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in ***********, before the first rate cut since ************** occurred in **************. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

United States House Price Index: FHFA: Expanded: sa: Montana data was reported at 395.070 Jan1991=100 in Mar 2018. This records an increase from the previous number of 385.650 Jan1991=100 for Dec 2017. United States House Price Index: FHFA: Expanded: sa: Montana data is updated quarterly, averaging 238.840 Jan1991=100 from Mar 1991 (Median) to Mar 2018, with 109 observations. The data reached an all-time high of 395.070 Jan1991=100 in Mar 2018 and a record low of 100.000 Jan1991=100 in Mar 1991. United States House Price Index: FHFA: Expanded: sa: Montana data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s USA – Table US.EB015: House Price Index: Expanded.

Graph and download economic data for Orders, Per Cent Expanding for United States (M0639AUSM156NNBR) from Jan 1948 to May 1957 about new orders, orders, new, and USA.

Money Supply M2 in the United States increased to 21942 USD Billion in May from 21862.40 USD Billion in April of 2025. This dataset provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This data package includes the PIIE dataset to replicate the data and charts presented in The rise of US economic sanctions on China: Analysis of a new PIIE dataset by Martin Chorzempa, Mary E. Lovely, and Christine Wan, PIIE Policy Brief 24-14.

If you use the dataset, please cite as: Chorzempa, Martin, Mary E. Lovely, and Christine Wan. 2024. The rise of US economic sanctions on China: Analysis of a new PIIE dataset, PIIE Policy Brief 24-14. Washington, DC: Peterson Institute for International Economics.

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.

The size of the North America Food Service Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.35% during the forecast period. The food service market in North America, which includes activities related to preparing, packaging, and distributing food and drinks for consumption outside the home, is seeing notable expansion. This market consists of cafes, bars, sit-down restaurants, fast-food restaurants, and virtual kitchens. Key players such as McDonald's Corporation and Yum! Brands dominate the market with wide-ranging product lineups and strong distribution systems. The market's attractiveness is boosted by the growing popularity of vegan food, advancements in technology, and implementation of sustainable practices. While facing obstacles like upholding operational efficiency and adjusting to consumer demands, the market remains optimistic due to continuous innovations and investments. This path highlights the essential role of the dining sector in the North American economy and its possibility for ongoing market expansion. Recent developments include: January 2023: Bloomin' Brands declared that its brand Outback Steakhouse opened its redesigned stores in Spring's Grand Parkway Marketplace.December 2022: 7-Eleven announced that it started increasing its footprint in Canada by converting a number of its restaurants into authorized outlets with fine dining seating.November 2022: Starbucks unveiled the new Starbucks Reserve Empire State Building store. This unique store celebrates connecting over coffee through innovative experiences such as immersive, hands-on workshops, guided tasting flights, and new coffee beverages and craft cocktails. An extended artisan menu of Princi food is only available at this location.. Key drivers for this market are: Growing Inclination Towards Vegan/Plant-based Protein Sources, Increasing Demand for Functional Protein Beverages. Potential restraints include: Competition from Substitute Products. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

United States House Price Index: FHFA: Expanded: sa: East North Central data was reported at 196.130 Jan1991=100 in Mar 2018. This records an increase from the previous number of 193.060 Jan1991=100 for Dec 2017. United States House Price Index: FHFA: Expanded: sa: East North Central data is updated quarterly, averaging 151.380 Jan1991=100 from Mar 1991 (Median) to Mar 2018, with 109 observations. The data reached an all-time high of 196.130 Jan1991=100 in Mar 2018 and a record low of 100.000 Jan1991=100 in Mar 1991. United States House Price Index: FHFA: Expanded: sa: East North Central data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s USA – Table US.EB015: House Price Index: Expanded.

United States House Price Index: FHFA: Expanded: sa: Arizona data was reported at 289.560 Jan1991=100 in Mar 2018. This records an increase from the previous number of 282.280 Jan1991=100 for Dec 2017. United States House Price Index: FHFA: Expanded: sa: Arizona data is updated quarterly, averaging 170.720 Jan1991=100 from Mar 1991 (Median) to Mar 2018, with 109 observations. The data reached an all-time high of 326.310 Jan1991=100 in Jun 2006 and a record low of 99.790 Jan1991=100 in Jun 1991. United States House Price Index: FHFA: Expanded: sa: Arizona data remains active status in CEIC and is reported by Federal Housing Finance Agency. The data is categorized under Global Database’s USA – Table US.EB015: House Price Index: Expanded.