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United States GDP Annual Growth Rate

The United States' GDP annual growth rate fell to 2.8% in 2024, down from 2.89% in 2023, according to World Bank. This represents a decrease of 0.09% from the previous year. The United States has GDP annual growth rate lower than the global median (2.80% vs median 3.24%). Compared with the median in Americas, the United States is lower (2.80% vs regional median 3.27%) and ranks 27th out of 44 countries in Americas.

The United States' real GDP rose to $22.68 trillion in 2024, up from $22.06 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 2.8%
2023 2.89%
2022 2.51%
2021 6.06%
2020 -2.16%
2019 2.58%
2018 2.97%
2017 2.46%
2016 1.82%
2015 2.95%
2014 2.52%
2013 2.12%
2012 2.29%
2011 1.56%
2010 2.7%
2009 -2.58%
2008 0.11%
2007 2%
2006 2.78%
2005 3.48%
2004 3.85%
2003 2.8%
2002 1.7%
2001 0.96%
2000 4.08%
1999 4.79%
1998 4.48%
1997 4.45%
1996 3.77%
1995 2.68%
1994 4.03%
1993 2.75%
1992 3.52%
1991 -0.11%
1990 1.89%
1989 3.67%
1988 4.18%
1987 3.45%
1986 3.46%
1985 4.17%
1984 7.24%
1983 4.58%
1982 -1.8%
1981 2.54%
1980 -0.26%
1979 3.17%
1978 5.54%
1977 4.62%
1976 5.39%
1975 -0.21%
1974 -0.54%
1973 5.65%
1972 5.26%
1971 3.29%
1970 0.18%
1969 3.12%
1968 4.91%
1967 2.74%
1966 6.6%
1965 6.5%
1964 5.76%
1963 4.36%
1962 6.13%
1961 2.57%
United States GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in United States' total economic output.
Indicator Last Value Prior Value Period
GDP $29.18T $27.72T 2024
GDP Growth Rate (QoQ) 3.8% -0.6% Jun'25
GDP Growth Rate (YoY) 2.1% 2% Jun'25
GDP per Capita $66,682.61 $65,505.26 2024
GDP per Capita PPP $75,491.61 $74,158.72 2024
R&D Expenditure (% GDP) 3.59% 3.48% 2022
Real GDP $22.68T $22.06T 2024