US GDP (I:USGDP)
Level Chart
Basic Info
|
US GDP is at a current level of 29.35T, up from 29.02T last quarter and up from 27.97T one year ago. This is a change of 1.16% from last quarter and 4.96% from one year ago. |
|
US GDP or Gross Domestic Product is the total value of goods produced and services provided in the US. It is a vital indicator to analyze the health of the US economy. The metric is calculated as the sum of Private Consumption, Gross Investment, Government Spending and Net Exports. Two quarters of consecutive negative real GDP growth signifies a recession. Additionally, GDP is used by the FOMC as a gauge to make their interest rate decisions. In the post World War II boom years, US GDP grew as high as 26.80% in a year, but by the late 20th century 2-7% nominal growth was more the norm. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Bureau of Economic Analysis |
Stats
| Last Value | 29.35T |
| Latest Period | Sep 2024 |
| Last Updated | Nov 27 2024, 08:41 EST |
| Next Release | Dec 19 2024, 08:30 EST (R) |
| Average Growth Rate | 6.27% |
| Value from Last Quarter | 29.02T |
| Change from Last Quarter | 1.16% |
| Value from 1 Year Ago | 27.97T |
| Change from 1 Year Ago | 4.96% |
| Frequency | Quarterly |
| Unit | USD |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| September 30, 2024 | 29.35T |
| June 30, 2024 | 29.02T |
| March 31, 2024 | 28.62T |
| December 31, 2023 | 28.30T |
| September 30, 2023 | 27.97T |
| June 30, 2023 | 27.45T |
| March 31, 2023 | 27.16T |
| December 31, 2022 | 26.73T |
| September 30, 2022 | 26.27T |
| June 30, 2022 | 25.81T |
| March 31, 2022 | 25.22T |
| December 31, 2021 | 24.78T |
| September 30, 2021 | 23.92T |
| June 30, 2021 | 23.37T |
| March 31, 2021 | 22.66T |
| December 31, 2020 | 22.07T |
| September 30, 2020 | 21.68T |
| June 30, 2020 | 19.94T |
| March 31, 2020 | 21.73T |
| December 31, 2019 | 21.93T |
| September 30, 2019 | 21.72T |
| June 30, 2019 | 21.40T |
| March 31, 2019 | 21.11T |
| December 31, 2018 | 20.92T |
| September 30, 2018 | 20.80T |
| Date | Value |
|---|---|
| June 30, 2018 | 20.58T |
| March 31, 2018 | 20.33T |
| December 31, 2017 | 20.04T |
| September 30, 2017 | 19.69T |
| June 30, 2017 | 19.44T |
| March 31, 2017 | 19.15T |
| December 31, 2016 | 18.97T |
| September 30, 2016 | 18.78T |
| June 30, 2016 | 18.61T |
| March 31, 2016 | 18.43T |
| December 31, 2015 | 18.33T |
| September 30, 2015 | 18.31T |
| June 30, 2015 | 18.19T |
| March 31, 2015 | 17.99T |
| December 31, 2014 | 17.85T |
| September 30, 2014 | 17.74T |
| June 30, 2014 | 17.46T |
| March 31, 2014 | 17.14T |
| December 31, 2013 | 17.13T |
| September 30, 2013 | 16.91T |
| June 30, 2013 | 16.70T |
| March 31, 2013 | 16.63T |
| December 31, 2012 | 16.42T |
| September 30, 2012 | 16.32T |
| June 30, 2012 | 16.21T |
News
Basic Info
|
US GDP is at a current level of 29.35T, up from 29.02T last quarter and up from 27.97T one year ago. This is a change of 1.16% from last quarter and 4.96% from one year ago. |
|
US GDP or Gross Domestic Product is the total value of goods produced and services provided in the US. It is a vital indicator to analyze the health of the US economy. The metric is calculated as the sum of Private Consumption, Gross Investment, Government Spending and Net Exports. Two quarters of consecutive negative real GDP growth signifies a recession. Additionally, GDP is used by the FOMC as a gauge to make their interest rate decisions. In the post World War II boom years, US GDP grew as high as 26.80% in a year, but by the late 20th century 2-7% nominal growth was more the norm. |
| Report | Gross Domestic Product (GDP) |
| Category | GDP |
| Region | United States |
| Source | Bureau of Economic Analysis |
Stats
| Last Value | 29.35T |
| Latest Period | Sep 2024 |
| Last Updated | Nov 27 2024, 08:41 EST |
| Next Release | Dec 19 2024, 08:30 EST (R) |
| Average Growth Rate | 6.27% |
| Value from Last Quarter | 29.02T |
| Change from Last Quarter | 1.16% |
| Value from 1 Year Ago | 27.97T |
| Change from 1 Year Ago | 4.96% |
| Frequency | Quarterly |
| Unit | USD |
| Adjustment | Seasonally Adjusted Annual Rate |
| Download Source File | Upgrade |
Related Indicators
| US Economy |
| ADP Employment Change | 146000.0 |
| Effective Federal Funds Rate | 4.58% |
| US Durable Goods New Orders MoM | 0.24% |
| US Housing Starts MoM | -3.10% |
| US Index of Consumer Sentiment | 74.00 |
| US Inflation Rate | 2.75% |
| US Initial Claims for Unemployment Insurance | 242000.0 |
| US ISM Manufacturing PMI | 48.40 |
| US Real GDP QoQ | 2.80% |
| US Retail and Food Services Sales MoM | 0.40% |
| US Unemployment Rate | 4.20% |