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.

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.

U.S. economic growth for 2018 was $20,891, a 1.13% increase from 2018.

<ul style='margin-top:20px;'>

<li>U.S. economic growth for 2018 was <strong>$20,658</strong>, a <strong>1.21% increase</strong> from 2018.</li>
<li>U.S. economic growth for 2018 was <strong>$20,412</strong>, a <strong>1.85% increase</strong> from 2018.</li>
<li>U.S. economic growth for 2018 was <strong>$20,041</strong>, a <strong>1.05% increase</strong> from 2017.</li>
</ul>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.

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.

As of the third quarter of 2024, the GDP of the U.S. grew by 2.8 percent from the second 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.

This statistic presents data regarding the digital economy as percentage of the total economy (GDP) in the United States from 2005 to 2018. During the most recently measured period, the digital economy accounted for nine percent of current-dollar value added to the overall U.S. economy. In 2018, the GDP of the United States amounted to 20.58 trillion U.S. dollars with a digital economy value added of 1.85 trillion U.S. dollars.

Gross Domestic Product: 2012p data was reported at 18,050.693 USD bn in 2017. This records an increase from the previous number of 17,659.187 USD bn for 2016. Gross Domestic Product: 2012p data is updated yearly, averaging 5,644.843 USD bn from Dec 1929 (Median) to 2017, with 89 observations. The data reached an all-time high of 18,050.693 USD bn in 2017 and a record low of 817.265 USD bn in 1933. Gross Domestic Product: 2012p data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A007: NIPA 2018: GDP by Expenditure: Annual Average: 2012 Price: Chain Linked.

Unemployment Rate in the United States remained unchanged at 4.20 percent in May. This dataset provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP: VA: PI: Government data was reported at 114.608 2012=100 in Jun 2018. This records an increase from the previous number of 114.138 2012=100 for Mar 2018. GDP: VA: PI: Government data is updated quarterly, averaging 98.587 2012=100 from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 114.608 2012=100 in Jun 2018 and a record low of 80.573 2012=100 in Mar 2005. GDP: VA: PI: Government data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A088: NIPA 2018: GDP by Industry: Value Added: Price Index: saar.

In 2021, the agriculture sector contributed around 0.94 percent to the Gross Domestic Product (GDP) of the United States. In that same year, 17.61 percent came from industry, and the service sector contributed the most to the GDP, at 76.4 percent.

United States CBO Projection: GDP: GDPI: Fixed Investment: Non Residential: YoY data was reported at 4.289 % in 2029. This records an increase from the previous number of 4.103 % for 2028. United States CBO Projection: GDP: GDPI: Fixed Investment: Non Residential: YoY data is updated yearly, averaging 3.728 % from Dec 2017 (Median) to 2029, with 13 observations. The data reached an all-time high of 8.125 % in 2018 and a record low of 2.120 % in 2023. United States CBO Projection: GDP: GDPI: Fixed Investment: Non Residential: YoY data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.A006: NIPA 2018: GDP by Expenditure: Current Price: Annual: Projection.

Graph and download economic data for Gross Domestic Product: Implicit Price Deflator (GDPDEF) from Q1 1947 to Q1 2025 about implicit price deflator, headline figure, inflation, GDP, and USA.

United States Gross Domestic Product data was reported at 19,485.394 USD bn in 2017. This records an increase from the previous number of 18,707.189 USD bn for 2016. United States Gross Domestic Product data is updated yearly, averaging 1,425.376 USD bn from Dec 1929 (Median) to 2017, with 89 observations. The data reached an all-time high of 19,485.394 USD bn in 2017 and a record low of 57.154 USD bn in 1933. United States Gross Domestic Product data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A006: NIPA 2018: GDP by Expenditure: Annual Average: Current Price.

GDPS: saar: KS: Pvt: Finance & Insurance data was reported at 9.423 USD bn in Jun 2018. This records an increase from the previous number of 9.279 USD bn for Mar 2018. GDPS: saar: KS: Pvt: Finance & Insurance data is updated quarterly, averaging 6.781 USD bn from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 10.142 USD bn in Dec 2016 and a record low of 4.552 USD bn in Dec 2008. GDPS: saar: KS: Pvt: Finance & Insurance data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A118: NIPA 2018: GDP by State: Plains Region: Current Price: saar.

In 2023, the real gross domestic product (GDP) of California was 3.23 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 3.23 trillion U.S. dollars.

GDPS: saar: KS: Pvt: Arts, Entertainment & Recreation data was reported at 911.500 USD mn in Jun 2018. This records an increase from the previous number of 885.100 USD mn for Mar 2018. GDPS: saar: KS: Pvt: Arts, Entertainment & Recreation data is updated quarterly, averaging 555.950 USD mn from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 913.600 USD mn in Dec 2015 and a record low of 427.100 USD mn in Mar 2007. GDPS: saar: KS: Pvt: Arts, Entertainment & Recreation data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A062: NIPA 2018: GDP by State: Plains Region: Current Price: saar.

The statistic shows Mexico’s GDP from 1987 to 2024, with projections up until 2030. In 2024, Mexico’s GDP amounted to approximately 1.85 trillion U.S. dollars.Economy of MexicoGDP is an indicator primarily used to gauge the state and health of a national economy. GDP is the total market value of all final goods and services that have been produced within national borders in a given period of time, usually a year. GDP gives us an insight into a country’s economic development over a period of time, how its development fits in with international shifts and how it is affected by the factors that affect market economies.The demand among some segments of the Chinese workforce for fairer payment, coupled with higher transportations costs, have been key factors in increasing the competitiveness of Mexican manufacturing, with some suggestions being made that it is already cheaper than China for the many industries that serve the lucrative United States market. The Mexican economy is, however, far from trouble-free. And although the gross domestic product in Mexico has been increasing, it is showing that it is struggling to match up to the fast pace of growth and prosperity being seen in some of the BRIC countries, as well as the usual suspects of economic success, the United States, Canada and others.Inequality in Mexico remains a huge problem. The education system in the federation’s thirty-one states is in dire need of reform, and in some of the states, especially in those closest to the US border, brutal criminal drug lords'rule. It is important for Mexicans that they embrace the opportunity that they find themselves presented with at present and harness the energy of their large population , the newly arrived foreigners and their educated youth, in order to provide the country with the future prosperity that it most desperately needs.

GDPS: saar: AZ: Pvt: Construction data was reported at 16.192 USD bn in Jun 2018. This records an increase from the previous number of 15.628 USD bn for Mar 2018. GDPS: saar: AZ: Pvt: Construction data is updated quarterly, averaging 12.277 USD bn from Mar 2005 (Median) to Jun 2018, with 54 observations. The data reached an all-time high of 22.580 USD bn in Mar 2007 and a record low of 9.155 USD bn in Jun 2012. GDPS: saar: AZ: Pvt: Construction data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A124: NIPA 2018: GDP by State: Southwest Region: Current Price: saar.

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.

In 2025, the gross domestic product (GDP) in current prices in Japan amounts to approximately 4.19 trillion U.S. dollars.Fluctuating rise between 1980 and 2025Compared to the earliest depicted observation from 1980 this is a total increase by approximately 3.06 trillion U.S. dollars. The trajectory from 1980 to 2025 shows however that this increase did not happen continuously.Continuous rise between 2025 and 2030The GDP will amount to close to 4.99 trillion U.S. dollars in 2030, according to forecasts. Compared to 2025 this is an overall increase by approximately 800 billion U.S. dollars. This growth reflects a steady upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.