US GDPUS GDPUS GDP

US GDP

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Key data points

Last release
Observation period
2023
Next release
Forecast
Highest
‪27.36 T‬USD on Dec 31, 2023
Lowest
‪543.30 B‬USD on Dec 31, 1960

About US GDP

Category
GDP
Frequency
Annual
Units
USD
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.

Frequently Asked Questions

One of the ways to count US GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 US GDP was 27.361 T USD, and the previous year it amounted to 25.744 T USD.
US GDP accounts for 25.95% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 US GDP per capita was ‪65.02 K‬ USD, and in 2022 it amounted to ‪63.72 K‬ USD.
Last quarter US real GDP amounted to ‪22.76 T‬ USD, the quarter before that it was ‪22.68 T‬ USD.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure US GDP has ever reached is 27.361 T USD.
The lowest ever value US GDP has reached is 543.3 B USD.