United States's GDP changed from approximately $2T 857B in 1980 to $28T 781B in 2024, showing an overall 907.3% sharply increased during the period.
The lowest GDP was recorded in 1980 at $2T 857B, and the highest in 2024 at $28T 781B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.4%.
For comparison, the average annual growth rate of China was 9.8%, and that of Mexico was 4.9%.
United States GDP from 1980 to 2024
The total market value of goods and services produced annually in United States.
Overview of United States's GDP (1980–2024)
The Gross Domestic Product (GDP) of United States recorded a 907.3% sharply increased from 1980 to 2024.
The average GDP during this period was $12T 235B, and the median was $10T 929B.
GDP fluctuated within a range of $25T 923B, with a standard deviation of $7T 56B.
The average annual change was $525B 477M.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $2T 857B
- Highest GDP: 2024, $28T 781B
- Most Recent GDP: 2024, $28T 781B
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and United States's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $21T 521B → $21T 322B
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $14T 474B → $14T 478B
- Outcome: remained stable
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $10T 250B → $10T 581B
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $8T 577B → $9T 62B
- Outcome: increased
Key Economic Indicators of United States (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -0.257 % | $ 2T 857B | $ 2T 857B | $ 12,552.94 | $ 12,552.94 | 22.06 % | 227M 622K people | 0.081 % | 0 % |
1981 | 2.537 % | $ 3T 207B | $ 3T 207B | $ 13,948.70 | $ 13,948.70 | 23.21 % | 229M 916K people | 0.157 % | 0 % |
1982 | -1.803 % | $ 3T 343B | $ 3T 343B | $ 14,404.99 | $ 14,404.99 | 21.71 % | 232M 128K people | -0.165 % | 0 % |
1983 | 4.584 % | $ 3T 634B | $ 3T 634B | $ 15,513.68 | $ 15,513.68 | 19.73 % | 234M 247K people | -1.065 % | 0 % |
1984 | 7.236 % | $ 4T 37B | $ 4T 37B | $ 17,086.44 | $ 17,086.44 | 21.84 % | 236M 307K people | -2.337 % | 0 % |
1985 | 4.169 % | $ 4T 339B | $ 4T 339B | $ 18,199.32 | $ 18,199.32 | 20.31 % | 238M 416K people | -2.723 % | 0 % |
1986 | 3.463 % | $ 4T 579B | $ 4T 579B | $ 19,034.77 | $ 19,034.77 | 18.88 % | 240M 593K people | -3.214 % | 0 % |
1987 | 3.455 % | $ 4T 855B | $ 4T 855B | $ 20,000.97 | $ 20,000.97 | 19.55 % | 242M 751K people | -3.309 % | 0 % |
1988 | 4.177 % | $ 5T 236B | $ 5T 236B | $ 21,376 | $ 21,376 | 20.56 % | 244M 968K people | -2.314 % | 0 % |
1989 | 3.672 % | $ 5T 641B | $ 5T 641B | $ 22,814.08 | $ 22,814.08 | 19.67 % | 247M 286K people | -1.763 % | 0 % |
1990 | 1.886 % | $ 5T 963B | $ 5T 963B | $ 23,847.98 | $ 23,847.98 | 18.67 % | 250M 47K people | -1.324 % | 0 % |
1991 | -0.109 % | $ 6T 158B | $ 6T 158B | $ 24,302.78 | $ 24,302.78 | 18.73 % | 253M 392K people | 0.047 % | 0 % |
1992 | 3.522 % | $ 6T 520B | $ 6T 520B | $ 25,392.93 | $ 25,392.93 | 17.61 % | 256M 777K people | -0.792 % | 0 % |
1993 | 2.752 % | $ 6T 858B | $ 6T 858B | $ 26,364.19 | $ 26,364.19 | 16.97 % | 260M 146K people | -1.237 % | 0 % |
1994 | 4.029 % | $ 7T 287B | $ 7T 287B | $ 27,674.02 | $ 27,674.02 | 17.78 % | 263M 325K people | -1.669 % | 0 % |
1995 | 2.685 % | $ 7T 639B | $ 7T 639B | $ 28,671.48 | $ 28,671.48 | 18.68 % | 266M 458K people | -1.487 % | 0 % |
1996 | 3.773 % | $ 8T 73B | $ 8T 73B | $ 29,946.97 | $ 29,946.97 | 19.57 % | 269M 581K people | -1.546 % | 0 % |
1997 | 4.447 % | $ 8T 577B | $ 8T 577B | $ 31,440.09 | $ 31,440.09 | 20.77 % | 272M 822K people | -1.641 % | 0 % |
1998 | 4.483 % | $ 9T 62B | $ 9T 62B | $ 32,833.67 | $ 32,833.67 | 21.32 % | 276M 22K people | -2.373 % | 0 % |
1999 | 4.788 % | $ 9T 631B | $ 9T 631B | $ 34,496.24 | $ 34,496.24 | 20.85 % | 279M 195K people | -2.976 % | 0 % |