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US real GDP

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Key data points


Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
‪23.39 T‬ USD on Sep 30, 2024
Lowest
‪2.35 T‬ USD on Mar 31, 1950

About US real GDP


Category
GDP
Source
Bureau of Economics Analysis
Frequency
Quarterly
Units
USD

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Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
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.
Last quarter US real GDP was 23.386 T USD, and the quarter before that it reached 23.224 T USD.