Haiti is expected to experience the worst economic recession in Latin America and the Caribbean in 2024. Haiti's gross domestic product (GDP) in 2024 is forecast to be 3 percent lower than the value registered in 2023, based on constant prices. Aside from Argentina, Haiti, and Puerto Rico, most economies in the region were likely to experience economic growth in 2024, most notably, Guyana.

In 2024, Mexico ranked as the country with the second-best economic performance amongst the seven Latin American nations included in the ranking, with a index score of 49.88 in a scale from 0 to 100, only behind Puerto Rico. Venezuela obtained the worst score in this macro-economic evaluation of the domestic economy, at 28.85 index points.

In 2022, the regional gross domestic product (GDP) in Latin America and the Caribbean grew more than four percent compared to the previous year. In 2020, the GDP of all the subregion shrunk, with Central America being the worst hit by the economic crisis spawned from the coronavirus pandemic, with a real GDP decrease of seven percent. This was the first time that this part of Latin America experiences a GDP fall since at least 2016. Forecasts for 2023 are fairly optimistic as well.

The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data was reported at 23.000 % in May 2018. This stayed constant from the previous number of 23.000 % for Apr 2018. United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data is updated monthly, averaging 19.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 46.000 % in Apr 1980 and a record low of 6.000 % in May 1983. United States CSI: Economic: Expected Business Conditions: Next Yr: Worse data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: And how about a year from now, do you expect that in the country as a whole, business conditions will be better, or worse than they are at present, or just about the same?

Graph and download economic data for ICE BofA B & Lower US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst (BAMLEM4RBLLCRPIUSSYTW) from 2003-12-31 to 2025-03-25 about YTW, sub-index, emerging markets, liquidity, corporate, and USA.

United States - ICE BofA AAA US Corporate Index Semi-Annual Yield to Worst was 4.77% in March of 2025, according to the United States Federal Reserve. Historically, United States - ICE BofA AAA US Corporate Index Semi-Annual Yield to Worst reached a record high of 8.26 in March of 2009 and a record low of 1.40 in August of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - ICE BofA AAA US Corporate Index Semi-Annual Yield to Worst - last updated from the United States Federal Reserve on March of 2025.

United States - ICE BofA 3-5 Year US Corporate Index Semi-Annual Yield to Worst was 4.93% in March of 2025, according to the United States Federal Reserve. Historically, United States - ICE BofA 3-5 Year US Corporate Index Semi-Annual Yield to Worst reached a record high of 8.78 in October of 2008 and a record low of 0.96 in January of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - ICE BofA 3-5 Year US Corporate Index Semi-Annual Yield to Worst - last updated from the United States Federal Reserve on March of 2025.

United States - ICE BofA 5-7 Year US Corporate Index Semi-Annual Yield to Worst was 5.09% in March of 2025, according to the United States Federal Reserve. Historically, United States - ICE BofA 5-7 Year US Corporate Index Semi-Annual Yield to Worst reached a record high of 9.35 in October of 2008 and a record low of 1.34 in December of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - ICE BofA 5-7 Year US Corporate Index Semi-Annual Yield to Worst - last updated from the United States Federal Reserve on March of 2025.

United States - ICE BofA Single-B US High Yield Index Semi-Annual Yield to Worst was 7.54% in March of 2025, according to the United States Federal Reserve. Historically, United States - ICE BofA Single-B US High Yield Index Semi-Annual Yield to Worst reached a record high of 23.07 in November of 2008 and a record low of 4.15 in June of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - ICE BofA Single-B US High Yield Index Semi-Annual Yield to Worst - last updated from the United States Federal Reserve on March of 2025.

United States - ICE BofA US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst was 5.95% in March of 2025, according to the United States Federal Reserve. Historically, United States - ICE BofA US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst reached a record high of 15.34 in October of 2008 and a record low of 3.26 in February of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - ICE BofA US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst - last updated from the United States Federal Reserve on March of 2025.

United States US: Income Share Held by Lowest 10% data was reported at 1.700 % in 2016. This stayed constant from the previous number of 1.700 % for 2013. United States US: Income Share Held by Lowest 10% data is updated yearly, averaging 1.800 % from Dec 1979 (Median) to 2016, with 11 observations. The data reached an all-time high of 2.300 % in 1979 and a record low of 1.700 % in 2016. United States US: Income Share Held by Lowest 10% 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: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Graph and download economic data for ICE BofA Latin America US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst (BAMLEMLLLCRPILAUSSYTW) from 2003-12-31 to 2025-03-26 about Latin America, YTW, sub-index, emerging markets, liquidity, corporate, and USA.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Economy, PA, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 33,587, while the mean income for the highest quintile (20% of households with the highest income) is 287,506. This indicates that the top earners earn 9 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 474,140, which is 164.91% higher compared to the highest quintile, and 1411.68% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Economy median household income. You can refer the same here

The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.

United States US: Disaster Risk Reduction Progress Score: 1=Worst to 5=Best data was reported at 3.500 NA in 2011. United States US: Disaster Risk Reduction Progress Score: 1=Worst to 5=Best data is updated yearly, averaging 3.500 NA from Dec 2011 (Median) to 2011, with 1 observations. United States US: Disaster Risk Reduction Progress Score: 1=Worst to 5=Best 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: Land Use, Protected Areas and National Wealth. Disaster risk reduction progress score is an average of self-assessment scores, ranging from 1 to 5, submitted by countries under Priority 1 of the Hyogo Framework National Progress Reports. The Hyogo Framework is a global blueprint for disaster risk reduction efforts that was adopted by 168 countries in 2005. Assessments of 'Priority 1' include four indicators that reflect the degree to which countries have prioritized disaster risk reduction and the strengthening of relevant institutions.; ; (UNISDR, 2009-2011 Progress Reports, http://www.preventionweb.net/english/hyogo).; ;

United States - ICE BofA B & Lower US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst was 9.09% in March of 2025, according to the United States Federal Reserve. Historically, United States - ICE BofA B & Lower US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst reached a record high of 32.56 in December of 2008 and a record low of 6.91 in April of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - ICE BofA B & Lower US Emerging Markets Liquid Corporate Plus Index Semi-Annual Yield to Worst - last updated from the United States Federal Reserve on March of 2025.

The average for 2023 based on 12 countries was 8.23 percent. The highest value was in Guyana: 14 percent and the lowest value was in Bolivia: 3.63 percent. The indicator is available from 1991 to 2023. Below is a chart for all countries where data are available.

Graph and download economic data for ICE BofA 5-7 Year US Corporate Index Semi-Annual Yield to Worst (BAMLC3A0C57YSYTW) from 1996-12-31 to 2025-03-25 about 5 to 7 years, YTW, corporate, and USA.

United States CSI: Economic: Current Business Condition: 1Yr Ago: Worse Now data was reported at 26.000 % in May 2018. This records a decrease from the previous number of 31.000 % for Apr 2018. United States CSI: Economic: Current Business Condition: 1Yr Ago: Worse Now data is updated monthly, averaging 40.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 96.000 % in Feb 2009 and a record low of 12.000 % in Feb 2000. United States CSI: Economic: Current Business Condition: 1Yr Ago: Worse Now data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H028: Consumer Sentiment Index: Economic Conditions. The question was: Would you say that at the present time business conditions are better or worse than they were a year ago?