US real GDPUS real GDPUS real GDP

US real GDP

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Key data points

Last release
Observation period
Q1 2024
Next release
Forecast
Highest
‪22.76 T‬USD on Mar 31, 2024
Lowest
‪2.35 T‬USD on Mar 31, 1950

About US real GDP

Category
GDP
Frequency
Quarterly
Units
USD

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 22.759 T USD, and the quarter before that it reached 22.679 T USD.