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.

View yearly updates and historical trends for US GDP as % of World GDP. from United States. Source: World Bank. Track economic data with YCharts analytics.

The average for 2023 based on 188 countries was 0.53 percent. The highest value was in the USA: 26.3 percent and the lowest value was in Andorra: 0 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

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.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The Bureau of Economic Analysis provides Private Consumption Expenditure in USD and Nominal GDP in USD.


Related information about United States Private Consumption: % of GDP

• 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.

The USA: Value added in the services sector as percent of GDP: The latest value from 2024 is 79.68 percent, an increase from 79.14 percent in 2023. In comparison, the world average is 55.77 percent, based on data from 151 countries. Historically, the average for the USA from 1997 to 2024 is 76.93 percent. The minimum value, 72.86 percent, was reached in 1997 while the maximum of 80.01 percent was recorded in 2020.

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.

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

Key information about United States Market Capitalization: % of GDP

• United States Market Capitalization accounted for 155.0 % of its Nominal GDP in Dec 2022, compared with a percentage of 205.0 % in the previous year
• US Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1975 to Dec 2022
• The data reached an all-time high of 205.0 % in Dec 2021 and a record low of 36.7 % in Dec 1978

The World Bank provides annual Market Capitalization as % of Nominal GDP. Market Capitalization includes domestic companies listed at the end of the year and excludes investment companies, mutual funds and other collective investment vehicles

The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, South Asia recorded the highest real gross domestic product (GDP) growth rate in the Asia-Pacific region at seven percent, at least 2.7 percentage points higher than other subregions. East Asia reported a real GDP growth rate of about 4.3 percent, while Southeast Asia's real GDP growth rate was around 4.1 percent that year. In 2025, South Asia was forecasted to remain the subregion with the highest real GDP growth rate at six percent, while Southeast Asia was projected to rank second at around 4.7 percent.

The Gross Domestic Product (GDP) in European Union was worth 19423.32 billion US dollars in 2024, according to official data from the World Bank. The GDP value of European Union represents 18.29 percent of the world economy. This dataset provides the latest reported value for - European Union GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States US: Research and Development Expenditure: % of GDP data was reported at 2.794 % in 2015. This records an increase from the previous number of 2.755 % for 2014. United States US: Research and Development Expenditure: % of GDP data is updated yearly, averaging 2.620 % from Dec 1996 (Median) to 2015, with 20 observations. The data reached an all-time high of 2.822 % in 2009 and a record low of 2.442 % in 1996. United States US: Research and Development Expenditure: % of GDP 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: Technology. Gloss domestic expenditures on research and development (R&D), expressed as a percent of GDP. They include both capital and current expenditures in the four main sectors: Business enterprise, Government, Higher education and Private non-profit. R&D covers basic research, applied research, and experimental development.; ; UNESCO Institute for Statistics; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

The USA: Trade balance as percent of GDP: The latest value from 2024 is -3.09 percent, a decline from -2.88 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for the USA from 1960 to 2024 is -1.81 percent. The minimum value, -5.69 percent, was reached in 2006 while the maximum of 1.01 percent was recorded in 1964.

During the "Golden Age of Capitalism", from 1950 to 1973, GDP grew by annual averages of just under five percent in Western Europe*, four percent in the U.S., and ten percent in Japan. This period of prosperity came to an end with the recession of 1973-1975, however GDP growth rates did not return to their previous levels when the recession ended, as growth was fairly sporadic in the 1970s and then much slower throughout the 1980s. From 1973 to 1987, GDP grew annually at just two fifth of the Golden Age's rate in Europe and Japan, while the U.S.' annual rates were somewhat closer.

One major difference between the two given periods was that the U.S. was the dominant and most influential economy of all developed (non-communist) countries in the 1950s and 1960s, however, the 1970s and 1980s saw Japan and the European Communities (led by West Germany and France) emerge as major economic powers in their own right. While the U.S. remained the most powerful country in the world, other developed nations became more economically autonomous, and began asserting their own influence internationally.

The USA: Exports of goods and services as percent of GDP: The latest value from 2024 is 10.9 percent, a decline from 11.01 percent in 2023. In comparison, the world average is 44.58 percent, based on data from 134 countries. Historically, the average for the USA from 1960 to 2024 is 9.08 percent. The minimum value, 4.81 percent, was reached in 1962 while the maximum of 13.64 percent was recorded in 2012.

The average for 2023 based on 146 countries was 62.92 percent. The highest value was in Somalia: 123.53 percent and the lowest value was in Ireland: 26.77 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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 Vietnam was worth 476.39 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Vietnam represents 0.45 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total amount of data created, captured, copied, and consumed globally is forecast to increase rapidly, reaching *** zettabytes in 2024. Over the next five years up to 2028, global data creation is projected to grow to more than *** zettabytes. In 2020, the amount of data created and replicated reached a new high. The growth was higher than previously expected, caused by the increased demand due to the COVID-19 pandemic, as more people worked and learned from home and used home entertainment options more often. Storage capacity also growing Only a small percentage of this newly created data is kept though, as just * percent of the data produced and consumed in 2020 was saved and retained into 2021. In line with the strong growth of the data volume, the installed base of storage capacity is forecast to increase, growing at a compound annual growth rate of **** percent over the forecast period from 2020 to 2025. In 2020, the installed base of storage capacity reached *** zettabytes.

Graph and download economic data for Gross National Income for United States (MKTGNIUSA646NWDB) from 1960 to 2024 about GNI, income, and USA.