In the first quarter of 2024, the GDP of the United States was three percent higher compared to the first quarter of 2023. The gross domestic product refers to the market value of all final goods and services produced in a country within a given period. The GDP of the United States amounted to 25.46 trillion U.S. dollars in 2022. The annual GDP of the United States can be found here, the growth per quarter can be found here and the chained quarterly GDP growth can be found here.

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 Gross Domestic Product (GDP) in the United States expanded 2.50 percent in the fourth quarter of 2024 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 the first quarter of 2023, Dollar Tree recorded the highest growth in quarterly visits, with an increase of 7.4 percent compared to 2022. On the other hand, 99 Cent Only Stores recorded a decline of 7.9 percent in visits compared to the same quarter in the previous year.

Advertising spending in the United States increased 14 percent during the first quarter of 2022. Out-of-home was the medium with the largest growth, with an increase of 70 percent, followed by digital with 25 percent.

Graph and download economic data for Nominal Gross Domestic Product for United States (NGDPSAXDCUSQ) from Q1 1950 to Q3 2024 about GDP and USA.

Corporate Profits in the United States decreased to 3128.50 USD Billion in the third quarter of 2024 from 3141.56 USD Billion in the second quarter of 2024. This dataset provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Employed full time: Usual weekly nominal earnings (first quartile): Wage and salary workers: 25 years and over (LEU0252916100Q) from Q1 2000 to Q4 2024 about first quartile, full-time, 25 years +, salaries, workers, earnings, wages, employment, and USA.

In the first quarter of 2023, prestige skincare sales in the United States grew by roughly 11 percent compared to the same period in the previous year, whereas sales of mass market skincare products increased by approximately ten percent in that period of time.

Graph and download economic data for Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for United States (LORSGPORUSQ659S) from Q1 1948 to Q4 2023 about leading indicator, GDP, and USA.

Graph and download economic data for Gross National Product (GNP) from Q1 1947 to Q4 2024 about GNP, GDP, and USA.

Graph and download economic data for Real gross domestic product per capita (A939RX0Q048SBEA) from Q1 1947 to Q4 2024 about per capita, real, GDP, and USA.

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q4 2024 about public, debt, federal, government, and USA.

This statistic shows the U.S. states with the highest growth in coworking centers as of the first quarter of 2019. The state with the highest growth rate was the District of Columbia, where the number of centers grew by 15 percent year-on-year.

United States Commercial Banks: PC: sa: Other Liabilities data was reported at -2.200 % in Sep 2018. This records a decrease from the previous number of 1.200 % for Jun 2018. United States Commercial Banks: PC: sa: Other Liabilities data is updated quarterly, averaging 4.800 % from Jun 1973 to Sep 2018, with 181 observations. The data reached an all-time high of 122.500 % in Jun 1979 and a record low of -125.200 % in Jun 1976. United States Commercial Banks: PC: sa: Other Liabilities data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB034: Balance Sheet: Commercial Banks: Percentage Change. Growth rates are based on the data adjusted for structural and accounting rule changes. Ratio method has been used to fine-tune the data which greatly exaggerates the levels in the earlier years. Ratio method is not applicable on January 1958 data of total assets and liabilities resulting to a huge growth on First Quarter of 1958.

The U.S. mortgage market has declined notably since 2020 and 2021, mostly due to the effect of higher borrowing costs on refinance mortgages. The value of refinancing mortgage originations, amounted to 86 billion U.S. dollars in the first quarter of 2024, down from a peak of 851 billion U.S. dollars in the fourth quarter of 2020. The value of mortgage loans for the purchase of a property recorded milder fluctuations, with a value of 291 billion U.S. dollars in the first quarter of 2024, and a market peak of 477 billion U.S. dollars in the first quarter of 2022. According to the forecast, mortgage lending is expected to slightly increase until the end of 2025. The cost of mortgage borrowing in the U.S. Mortgage interest rates in the U.S. rose dramatically in 2022 and continued to increase in 2023. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2023, the average rate for the same mortgage type exceeded seven percent. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market. The effect of a slower housing market on property prices and rents According to the S&P/Case Shiller U.S. National Home Price Index, housing prices experienced a slight correction in early 2023, as property transactions declined. Nevertheless, the index continued to grow in the following months. On the other hand, residential rents have increased steadily since 2000.

Graph and download economic data for Consumer Price Index: Total Food Excluding Restaurants for the United States (CPGDFD02USQ657N) from Q1 1960 to Q1 2018 about restaurant, food, goods, CPI, price index, indexes, price, and USA.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q4 2024 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

United States Commercial Banks: PC: sa: Credit: LL: Less: Allowance for Losses data was reported at -1.800 % in Sep 2018. This records a decrease from the previous number of 1.800 % for Jun 2018. United States Commercial Banks: PC: sa: Credit: LL: Less: Allowance for Losses data is updated quarterly, averaging -9.600 % from Dec 2009 (Median) to Sep 2018, with 36 observations. The data reached an all-time high of 19.100 % in Dec 2009 and a record low of -22.500 % in Jun 2011. United States Commercial Banks: PC: sa: Credit: LL: Less: Allowance for Losses data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB034: Balance Sheet: Commercial Banks: Percentage Change. Growth rates are based on the data adjusted for structural and accounting rule changes. Ratio method has been used to fine-tune the data which greatly exaggerates the levels in the earlier years. Ratio method is not applicable on January 1958 data of total assets and liabilities resulting to a huge growth on First Quarter of 1958.

Net income of the U.S. banking industry - including commercial banks and savings institutions - declined much more in 2008 than in 2022. The lowest growth rate was measured in the third quarter of 2008, when the net income of the banking industry was 94 percent less than in the same quarter of the previous year. After the global financial crisis in 2007/2008, the growth rate experienced a surge in 2009 and 2010. Between 2011 and 2019, it remained relatively stable, with less extreme fluctuations. As the COVID-19 pandemic - and with it the economic downturn - hit the economy of the U.S., the growth rate dropped again in 2020, then increased in 2021. The first half of 2022 brought another negative growth rate. As of the first quarter of 2023, the quarterly income growth rate of the American banking industry was 33.6 percent.