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 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.

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.

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.

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 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 gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

Graph and download economic data for Dates of U.S. recessions as inferred by GDP-based recession indicator (JHDUSRGDPBR) from Q4 1967 to Q1 2025 about recession indicators, GDP, and USA.

The author argues that the economic benefits of low gasoline prices for the U.S. economy have fallen substantially since the reemergence of America as a major oil producer. The old rule-of thumb that a 10% fall in the oil price raises inflation-adjusted U.S. GDP by 0.2% is too large—the impact on economic activity should be closer to zero, and may even be negative if consumption grows slowly. The reasons for this change are straightforward, if underappreciated: (i) the value of oil production accounts for a larger share of the U.S. economy; and (ii) consumers are not spending the windfall like they used to because of higher debt levels, limited access to credit, slow wage rowth, and an older population.

Graph and download economic data for St. Louis Fed Economic News Index: Real GDP Nowcast (STLENI) from Q2 2013 to Q3 2025 about nowcast, projection, real, GDP, rate, indexes, and USA.

United States Consumer Confidence Score: Future Local Economy: Negative Response data was reported at 27.986 Score in Jan 2023. This records a decrease from the previous number of 28.656 Score for Dec 2022. United States Consumer Confidence Score: Future Local Economy: Negative Response data is updated monthly, averaging 16.000 Score from Jan 2002 to Jan 2023, with 253 observations. The data reached an all-time high of 44.000 Score in Feb 2010 and a record low of 8.000 Score in Jan 2004. United States Consumer Confidence Score: Future Local Economy: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s United States – Table US.IPSOS: Consumer Confidence Survey. [COVID-19-IMPACT]

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.

Graph and download economic data for Real Net Exports of Goods and Services (NETEXC) from Q1 1970 to Q2 2025 about exports, Net, goods, services, real, GDP, and USA.

United States Consumer Confidence Score: Current Local Economy: Negative Response data was reported at 38.068 Score in Jan 2023. This records a decrease from the previous number of 39.249 Score for Dec 2022. United States Consumer Confidence Score: Current Local Economy: Negative Response data is updated monthly, averaging 32.719 Score from Jan 2002 (Median) to Jan 2023, with 253 observations. The data reached an all-time high of 59.319 Score in Oct 2011 and a record low of 15.650 Score in Dec 2019. United States Consumer Confidence Score: Current Local Economy: Negative Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s United States – Table US.IPSOS: Consumer Confidence Survey.

The United States recorded a trade deficit of 59.55 USD Billion in August of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States SBP: COVID-19 Impact: Moderate Negative Effect data was reported at 44.600 % in 04 Oct 2020. This records a decrease from the previous number of 44.900 % for 27 Sep 2020. United States SBP: COVID-19 Impact: Moderate Negative Effect data is updated weekly, averaging 44.050 % from Apr 2020 (Median) to 04 Oct 2020, with 18 observations. The data reached an all-time high of 45.000 % in 21 Jun 2020 and a record low of 38.500 % in 26 Apr 2020. United States SBP: COVID-19 Impact: Moderate Negative Effect data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S044: Small Business Pulse Survey: Weekly, Beg Sunday (Discontinued).

The statistic shows global gross domestic product (GDP) from 1985 to 2024, with projections up until 2030. In 2020, global GDP amounted to about 85.76 trillion U.S. dollars, two and a half trillion lower than in 2019. Gross domestic product Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually. GDP is significant in determining the economic health, growth and productivity in the country, and is a stat often used when comparing several countries at a time, most likely in order to determine which country has seen the most progress. Until 2020, Global GDP had experienced a growth every year since 2010. However, a strong growth rate does not necessarily lead to all positive outcomes and often has a negative effect on inflation rates. A severe growth in GDP leads to lower unemployment, however lower unemployment often leads to higher inflation rates due to demand increasing at a much higher rate than supply and as a result prices rise accordingly. In terms of unemployment, growth had been fairly stagnant since the economic downturn of 2007-2009, but it remains to be seen what the total impact of the coronavirus pandemic will be on total employment.

United States SBP: COVID-19 Impact: Large Negative Effect data was reported at 30.200 % in 04 Oct 2020. This records a decrease from the previous number of 30.400 % for 27 Sep 2020. United States SBP: COVID-19 Impact: Large Negative Effect data is updated weekly, averaging 35.950 % from Apr 2020 (Median) to 04 Oct 2020, with 18 observations. The data reached an all-time high of 51.400 % in 26 Apr 2020 and a record low of 30.200 % in 04 Oct 2020. United States SBP: COVID-19 Impact: Large Negative Effect data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S044: Small Business Pulse Survey: Weekly, Beg Sunday (Discontinued).

United States SBP: Utilities (UL): COVID-19 Impact: Large Negative Effect data was reported at 8.700 % in 11 Apr 2022. This records a decrease from the previous number of 9.300 % for 28 Mar 2022. United States SBP: Utilities (UL): COVID-19 Impact: Large Negative Effect data is updated weekly, averaging 8.400 % from Nov 2020 (Median) to 11 Apr 2022, with 36 observations. The data reached an all-time high of 21.400 % in 13 Dec 2021 and a record low of 3.500 % in 16 Nov 2020. United States SBP: Utilities (UL): COVID-19 Impact: Large Negative Effect data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S035: Small Business Pulse Survey: by Sector: Weekly. Beg Monday (Discontinued).

United States SBP: TW: COVID-19 Impact: Large Negative Effect data was reported at 34.100 % in 04 Oct 2020. This records an increase from the previous number of 33.500 % for 27 Sep 2020. United States SBP: TW: COVID-19 Impact: Large Negative Effect data is updated weekly, averaging 40.300 % from Apr 2020 (Median) to 04 Oct 2020, with 18 observations. The data reached an all-time high of 52.500 % in 26 Apr 2020 and a record low of 33.500 % in 27 Sep 2020. United States SBP: TW: COVID-19 Impact: Large Negative Effect data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.S036: Small Business Pulse Survey: by Sector: Weekly, Beg Sunday (Discontinued).