[ Nominal GDP in billions of USD ]
Year -
$28,750.96 billions
United States GDP expanded from 1960 to 2024, increasing from $541.99 billion to $28,750.96 billion.The compound annual growth rate (CAGR) averaged 6.4% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained moderate. The maximum drawdown reached 1.98%, indicating the largest cyclical decline from peak levels. The country experienced 2 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 28,750.96 Billions | $ 29,184.89 Int Billions |
| Growth (YoY) | 5.345% | 5.282% |
| Net Change vs Previous Year | $ 1,458.79 Billion | $ 1,464.18 Int Billion |
| % of World GDP | 25.91% | 14.62% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 541.99 | - | - | - | - | - |
| 1961 | 561.94 | 19.95 | 3.681 % | - | - | - |
| 1962 | 603.64 | 41.7 | 7.421 % | - | - | - |
| 1963 | 637.06 | 33.42 | 5.536 % | - | - | - |
| 1964 | 684.14 | 47.09 | 7.391 % | - | - | - |
| 1965 | 741.9 | 57.76 | 8.443 % | - | - | - |
| 1966 | 813.03 | 71.13 | 9.587 % | - | - | - |
| 1967 | 859.62 | 46.59 | 5.73 % | - | - | - |
| 1968 | 940.23 | 80.6 | 9.377 % | - | - | - |
| 1969 | 1017.44 | 77.21 | 8.212 % | - | - | - |
| 1970 | 1073.3 | 55.86 | 5.491 % | - | - | - |
| 1971 | 1164.85 | 91.55 | 8.529 % | - | - | - |
| 1972 | 1279.11 | 114.26 | 9.809 % | - | - | - |
| 1973 | 1425.38 | 146.27 | 11.435 % | - | - | - |
| 1974 | 1545.24 | 119.87 | 8.41 % | - | - | - |
| 1975 | 1684.9 | 139.66 | 9.038 % | - | - | - |
| 1976 | 1873.41 | 188.51 | 11.188 % | - | - | - |
| 1977 | 2081.83 | 208.41 | 11.125 % | - | - | - |
| 1978 | 2351.6 | 269.77 | 12.958 % | - | - | - |
| 1979 | 2627.33 | 275.73 | 11.725 % | - | - | - |
| 1980 | 2857.31 | 229.97 | 8.753 % | - | - | - |
| 1981 | 3207.04 | 349.73 | 12.24 % | - | - | - |
| 1982 | 3343.79 | 136.75 | 4.264 % | - | - | - |
| 1983 | 3634.04 | 290.25 | 8.68 % | - | - | - |
| 1984 | 4037.61 | 403.58 | 11.105 % | - | - | - |
| 1985 | 4338.98 | 301.37 | 7.464 % | - | - | - |
| 1986 | 4579.63 | 240.65 | 5.546 % | - | - | - |
| 1987 | 4855.22 | 275.58 | 6.018 % | - | - | - |
| 1988 | 5236.44 | 381.22 | 7.852 % | - | - | - |
| 1989 | 5641.58 | 405.14 | 7.737 % | - | - | - |
| 1990 | 5963.14 | 321.56 | 5.7 % | 5963.14 | - | - |
| 1991 | 6158.13 | 194.99 | 3.27 % | 6158.13 | 194.99 | 3.27 % |
| 1992 | 6520.33 | 362.2 | 5.882 % | 6520.33 | 362.2 | 5.882 % |
| 1993 | 6858.56 | 338.23 | 5.187 % | 6858.56 | 338.23 | 5.187 % |
| 1994 | 7287.24 | 428.68 | 6.25 % | 7287.24 | 428.68 | 6.25 % |
| 1995 | 7639.75 | 352.51 | 4.837 % | 7639.75 | 352.51 | 4.837 % |
| 1996 | 8073.12 | 433.37 | 5.673 % | 8073.12 | 433.37 | 5.673 % |
| 1997 | 8577.55 | 504.43 | 6.248 % | 8577.55 | 504.43 | 6.248 % |
| 1998 | 9062.82 | 485.26 | 5.657 % | 9062.82 | 485.26 | 5.657 % |
| 1999 | 9631.17 | 568.36 | 6.271 % | 9631.17 | 568.36 | 6.271 % |
| 2000 | 10250.95 | 619.77 | 6.435 % | 10250.95 | 619.78 | 6.435 % |
| 2001 | 10581.93 | 330.98 | 3.229 % | 10581.93 | 330.98 | 3.229 % |
| 2002 | 10929.11 | 347.18 | 3.281 % | 10929.11 | 347.18 | 3.281 % |
| 2003 | 11456.44 | 527.33 | 4.825 % | 11456.45 | 527.34 | 4.825 % |
| 2004 | 12217.19 | 760.75 | 6.64 % | 12217.2 | 760.75 | 6.64 % |
| 2005 | 13039.2 | 822.01 | 6.728 % | 13039.2 | 822 | 6.728 % |
| 2006 | 13815.59 | 776.39 | 5.954 % | 13815.58 | 776.39 | 5.954 % |
| 2007 | 14474.23 | 658.64 | 4.767 % | 14474.23 | 658.64 | 4.767 % |
| 2008 | 14769.86 | 295.63 | 2.042 % | 14769.86 | 295.63 | 2.042 % |
| 2009 | 14478.06 | -291.79 | -1.976 % | 14478.07 | -291.8 | -1.976 % |
| 2010 | 15048.96 | 570.9 | 3.943 % | 15048.97 | 570.9 | 3.943 % |
| 2011 | 15599.73 | 550.76 | 3.66 % | 15599.73 | 550.76 | 3.66 % |
| 2012 | 16253.97 | 654.24 | 4.194 % | 16253.97 | 654.24 | 4.194 % |
| 2013 | 16843.19 | 589.22 | 3.625 % | 16880.68 | 626.71 | 3.856 % |
| 2014 | 17550.68 | 707.49 | 4.2 % | 17608.14 | 727.45 | 4.309 % |
| 2015 | 18206.02 | 655.34 | 3.734 % | 18295.02 | 686.88 | 3.901 % |
| 2016 | 18695.11 | 489.09 | 2.686 % | 18804.91 | 509.89 | 2.787 % |
| 2017 | 19477.34 | 782.23 | 4.184 % | 19612.1 | 807.19 | 4.292 % |
| 2018 | 20533.06 | 1055.72 | 5.42 % | 20656.52 | 1044.41 | 5.325 % |
| 2019 | 21380.98 | 847.92 | 4.13 % | 21539.98 | 883.47 | 4.277 % |
| 2020 | 21060.47 | -320.5 | -1.499 % | 21354.1 | -185.88 | -0.863 % |
| 2021 | 23315.08 | 2254.61 | 10.705 % | 23681.17 | 2327.07 | 10.898 % |
| 2022 | 25604.85 | 2289.77 | 9.821 % | 26006.89 | 2325.72 | 9.821 % |
| 2023 | 27292.17 | 1687.32 | 6.59 % | 27720.71 | 1713.82 | 6.59 % |
| 2024 | 28750.96 | 1458.79 | 5.345 % | 29184.89 | 1464.18 | 5.282 % |
Between 1960 to 2024, United States experienced the following economic phases:
The most remarkable growth occurred in 1978 with an increase of 12.958%, while the largest decline was in 2009 at -1.976%.