The Gross Domestic Product (GDP) in the United States contracted 0.20 percent in the first 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.

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 U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

This statistic shows the average annual change in real GDP per capita in the United States from President Hoover to Obama, as of 2011. The biggest economic growth happened during Franklin D. Roosevelt's presidency. The Real Gross Domestic Product per capita increased by 5.25 percent each year.

Additional information on President Barack Obama’s first term economic policy performance

“It’s the economy, stupid” as the now famous saying by former President Bill Clinton goes is often used to demonstrate the importance continuants place on the economy’s performance. Appointed to President of the United States in 2008, President Obama entered the job in the early stages of a global economic crisis. The unemployment rate in the United States since 1990 demonstrates that Obama oversaw a reduction in unemployment rate since an initially sharp increase to over 9 percent in 2009 and 2010. Prior to the reduction, public approval of President Obama and the Republicans in congress in handling the economy shows that the public’s trust in Obama waned from 61 percent in February 2009 to 42 percent in November 2011. The fluctuation of America’s economy meant that Obama’s first term saw him reach an average of 76 thousand private sector jobs created per month as of June 2012, leaving him sixth in private sector job creation on the list of post-war presidents.

As leader of the most economically influential country on the planet, praise and criticism of Obama’s economic performance is also a global issue. In 2012, opinion on Obama’s management of global economic issues by country demonstrates the variety in opinion held in and across countries. While countries such as Britain and Germany whose economies appeared to be recovering held Obama’s economic policy in a positive light, opinion was more negative in Egypt and Greece were the economic situation was less optimistic.

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.

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.

Unemployment Rate in the United States increased to 4.10 percent in February from 4 percent in January of 2025. 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.

****Dataset Overview**** This dataset contains historical macroeconomic data, featuring key economic indicators in the United States. It includes important metrics such as the Consumer Price Index (CPI), Retail Sales, Unemployment Rate, Industrial Production, Money Supply (M2), and more. The dataset spans from 1993 to the present and includes monthly data on various economic indicators, processed to show their rate of change (either percentage or absolute difference, depending on the indicator).

provenance

The data in this dataset is sourced from the Federal Reserve Economic Data (FRED) database, hosted by the Federal Reserve Bank of St. Louis. FRED provides access to a wide range of economic data, including key macroeconomic indicators for the United States. My work involved calculating the rate of change (ROC) for each indicator and reorganizing the data into a more usable format for analysis. For more information and access to the full database, visit FRED's website.

Purpose and Use for the Kaggle Community:

This dataset is a valuable resource for data scientists, economists, and analysts interested in understanding macroeconomic trends, performing time series analysis, or building predictive models. With the rate of change included, users can quickly assess the growth or contraction in these indicators month-over-month. This dataset can be used for:

• Exploratory Data Analysis (EDA): Understanding historical economic trends. -Time Series Forecasting: Building models to predict future economic conditions. -Macroeconomic Analysis: Analyzing the relationship between various economic indicators. -Machine Learning Projects: Using the data as features to predict financial or economic outcomes. -By utilizing this dataset, users can perform in-depth analysis on the impact of macroeconomic changes, compare the historical performance of various indicators, and experiment with different time series forecasting techniques.

****Column Descriptions****

Year: The year of the observation.

Month: The month of the observation (1-12).

Industrial Production: Monthly data on the total output of US factories, mines, and utilities.

Manufacturers' New Orders: Durable Goods: Measures the value of new orders placed with manufacturers for durable goods, indicating future production activity.

Consumer Price Index (CPIAUCSL): A measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Unemployment Rate: The percentage of the total labor force that is unemployed but actively seeking employment.

Retail Sales: The total receipts of retail stores, indicating consumer spending and economic activity.

Producer Price Index: Measures the average change over time in the selling prices received by domestic producers for their output.

Personal Consumption Expenditures (PCE): A measure of the prices paid by consumers for goods and services, used in calculating inflation.

National Home Price Index: A measure of changes in residential real estate prices across the country.

All Employees, Total Nonfarm: The number of nonfarm payroll employees, an important indicator of the labor market.

Labor Force Participation Rate: The percentage of the working-age population that is either employed or actively looking for work.

Federal Funds Effective Rate: The interest rate at which depository institutions lend reserve balances to other depository institutions overnight.

Building Permits: The number of building permits issued for residential and non-residential buildings, a leading indicator of construction activity.

Money Supply (M2): The total money supply, including cash, checking deposits, and easily convertible near money.

Personal Income: The total income received by individuals from all sources, including wages, investments, and government transfers.

Trade Balance: The difference between a country's imports and exports, indicating the net trade flow.

Consumer Sentiment: The index reflecting consumer sentiment and expectations for the future economic outlook.

Consumer Confidence: A measure of how optimistic or pessimistic consumers are regarding their expected financial situation and the economy.

Notes on Interest Rates Please note that for the Federal Funds Effective Rate (FEDFUNDS), the dataset includes the absolute change in basis points (bps), not the rate of change. This means that the dataset reflects the direct change in the interest rate rather than the percentage change month-over-month. The change is represented in basis points, where 1 basis point equals 0.01%.

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.

The U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

The U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

This app contains the latest 14 months of unemployment statistics from the U.S. Bureau of Labor Statistics (BLS). The data is offered at the nationwide, state, and county geography levels. Puerto Rico is included. These are not seasonally adjusted values. The layer is updated monthly with the newest unemployment statistics available from BLS. There are attributes in the layer that specify which month is associated to each statistic. Most current month: March 2021 (preliminary values at the state and county level)The attributes included for each month are:Unemployment rate (%)Count of unemployed populationCount of employed population in the labor forceCount of people in the labor forceData obtained from the U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics table download: https://www.bls.gov/lau/#tablesLocal Area Unemployment FTP downloads:State and CountyNationData Notes:This layer is updated automatically when the BLS releases their most current monthly statistics. The layer always contains the most recent estimates. It is updated within days of the BLS's county release schedule. BLS releases their county statistics roughly 2 months after-the-fact. The data is joined to 2019 TIGER boundaries from the U.S. Census Bureau.Monthly values are subject to revision over time.For national values, employed plus unemployed may not sum to total labor force due to rounding.To better understand the different labor force statistics included in this map, see the diagram below from BLS:Esri's U.S. Updated Demographic Data - Population, age, income, sex, race, home value, and marital status are among the variables included in the database. Each year, Esri's Data Development team employs its proven methodologies to update more than 2,000 demographic variables for a variety of U.S. geographies.Data Note: The median household income value divides the distribution of household income into two equal parts. Pareto interpolation is used if the median falls in an income interval other than the first or last. For the lowest interval, <$10,000, linear interpolation is used. If the median falls in the upper income interval of $500,000+, it is represented by the value of $500,001. Additional Esri Resources:Esri DemographicsU.S. 2020/2025 Esri Updated DemographicsEssential demographic vocabularyPermitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.

United States US: Logistics Performance Index: 1=Low To 5=High: Quality of Trade and Transport-Related Infrastructure data was reported at 4.152 NA in 2016. This records a decrease from the previous number of 4.185 NA for 2014. United States US: Logistics Performance Index: 1=Low To 5=High: Quality of Trade and Transport-Related Infrastructure data is updated yearly, averaging 4.150 NA from Dec 2007 (Median) to 2016, with 5 observations. The data reached an all-time high of 4.185 NA in 2014 and a record low of 4.070 NA in 2007. United States US: Logistics Performance Index: 1=Low To 5=High: Quality of Trade and Transport-Related Infrastructure 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: Transportation. Data are from Logistics Performance Index surveys conducted by the World Bank in partnership with academic and international institutions and private companies and individuals engaged in international logistics. 2009 round of surveys covered more than 5,000 country assessments by nearly 1,000 international freight forwarders. Respondents evaluate eight markets on six core dimensions on a scale from 1 (worst) to 5 (best). The markets are chosen based on the most important export and import markets of the respondent's country, random selection, and, for landlocked countries, neighboring countries that connect them with international markets. Details of the survey methodology are in Arvis and others' Connecting to Compete 2010: Trade Logistics in the Global Economy (2010). Respondents evaluated the quality of trade and transport related infrastructure (e.g. ports, railroads, roads, information technology), on a rating ranging from 1 (very low) to 5 (very high). Scores are averaged across all respondents.; ; World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.; Unweighted average;

The U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

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 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.

United States US: Logistics Performance Index: 1=Low To 5=High: Competence and Quality of Logistics Services data was reported at 4.014 NA in 2016. This records an increase from the previous number of 3.970 NA for 2014. United States US: Logistics Performance Index: 1=Low To 5=High: Competence and Quality of Logistics Services data is updated yearly, averaging 3.960 NA from Dec 2007 (Median) to 2016, with 5 observations. The data reached an all-time high of 4.014 NA in 2016 and a record low of 3.850 NA in 2007. United States US: Logistics Performance Index: 1=Low To 5=High: Competence and Quality of Logistics Services 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: Transportation. Data are from Logistics Performance Index surveys conducted by the World Bank in partnership with academic and international institutions and private companies and individuals engaged in international logistics. 2009 round of surveys covered more than 5,000 country assessments by nearly 1,000 international freight forwarders. Respondents evaluate eight markets on six core dimensions on a scale from 1 (worst) to 5 (best). The markets are chosen based on the most important export and import markets of the respondent's country, random selection, and, for landlocked countries, neighboring countries that connect them with international markets. Details of the survey methodology are in Arvis and others' Connecting to Compete 2010: Trade Logistics in the Global Economy (2010). Respondents evaluated the overall level of competence and quality of logistics services (e.g. transport operators, customs brokers), on a rating ranging from 1 (very low) to 5 (very high). Scores are averaged across all respondents.; ; World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.; Unweighted average;

The U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

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.

The U.S. Census Bureau.s economic indicator surveys provide monthly and quarterly data that are timely, reliable, and offer comprehensive measures of the U.S. economy. These surveys produce a variety of statistics covering construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The survey data provide measures of economic activity that allow analysis of economic performance and inform business investment and policy decisions. Other data included, which are not considered principal economic indicators, are the Quarterly Summary of State & Local Taxes, Quarterly Survey of Public Pensions, and the Manufactured Homes Survey. For information on the reliability and use of the data, including important notes on estimation and sampling variance, seasonal adjustment, measures of sampling variability, and other information pertinent to the economic indicators, visit the individual programs' webpages - http://www.census.gov/cgi-bin/briefroom/BriefRm.

NHTSA's Corporate Average Fuel Economy (CAFE) program requires manufacturers of passenger cars and light trucks, produced for sale in the U.S., to meet CAFE standards, expressed in miles per gallon (mpg). The purpose of the CAFE program is to reduce the nation's energy consumption by increasing the fuel economy of cars and light trucks. The CAFE Public Information Center (PIC) is the authoritative source for Corporate Average Fuel Economy (CAFE) program data. This site allows fuel economy data to be viewed in report and/or graph format. The data can be sorted and filtered to produce custom reports which can also be downloaded as Excel or pdf files. NHTSA periodically updates the CAFE data in the PIC and, therefore, each report and graph is date stamped to indicate the last time NHTSA made updates.