United States GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


United States GDP from 1980 to 2024

The total market value of goods and services produced annually in United States.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 2T 857B
    $ 12,552.94
    $ 12,552.94
    $ 2T 857B
    -0.257 %
    0.081 %
    22.06 %
    0 %
    227M 622K people
    1981
    $ 3T 207B
    $ 13,948.70
    $ 13,948.70
    $ 3T 207B
    2.537 %
    0.157 %
    23.21 %
    0 %
    229M 916K people
    1982
    $ 3T 343B
    $ 14,404.99
    $ 14,404.99
    $ 3T 343B
    -1.803 %
    -0.165 %
    21.71 %
    0 %
    232M 128K people
    1983
    $ 3T 634B
    $ 15,513.68
    $ 15,513.68
    $ 3T 634B
    4.584 %
    -1.065 %
    19.73 %
    0 %
    234M 247K people
    1984
    $ 4T 37B
    $ 17,086.44
    $ 17,086.44
    $ 4T 37B
    7.236 %
    -2.337 %
    21.84 %
    0 %
    236M 307K people
    1985
    $ 4T 339B
    $ 18,199.32
    $ 18,199.32
    $ 4T 339B
    4.169 %
    -2.723 %
    20.31 %
    0 %
    238M 416K people
    1986
    $ 4T 579B
    $ 19,034.77
    $ 19,034.77
    $ 4T 579B
    3.463 %
    -3.214 %
    18.88 %
    0 %
    240M 593K people
    1987
    $ 4T 855B
    $ 20,000.97
    $ 20,000.97
    $ 4T 855B
    3.455 %
    -3.309 %
    19.55 %
    0 %
    242M 751K people
    1988
    $ 5T 236B
    $ 21,376
    $ 21,376
    $ 5T 236B
    4.177 %
    -2.314 %
    20.56 %
    0 %
    244M 968K people
    1989
    $ 5T 641B
    $ 22,814.08
    $ 22,814.08
    $ 5T 641B
    3.672 %
    -1.763 %
    19.67 %
    0 %
    247M 286K people
    1990
    $ 5T 963B
    $ 23,847.98
    $ 23,847.98
    $ 5T 963B
    1.886 %
    -1.324 %
    18.67 %
    0 %
    250M 47K people
    1991
    $ 6T 158B
    $ 24,302.78
    $ 24,302.78
    $ 6T 158B
    -0.109 %
    0.047 %
    18.73 %
    0 %
    253M 392K people
    1992
    $ 6T 520B
    $ 25,392.93
    $ 25,392.93
    $ 6T 520B
    3.522 %
    -0.792 %
    17.61 %
    0 %
    256M 777K people
    1993
    $ 6T 858B
    $ 26,364.19
    $ 26,364.19
    $ 6T 858B
    2.752 %
    -1.237 %
    16.97 %
    0 %
    260M 146K people
    1994
    $ 7T 287B
    $ 27,674.02
    $ 27,674.02
    $ 7T 287B
    4.029 %
    -1.669 %
    17.78 %
    0 %
    263M 325K people
    1995
    $ 7T 639B
    $ 28,671.48
    $ 28,671.48
    $ 7T 639B
    2.685 %
    -1.487 %
    18.68 %
    0 %
    266M 458K people
    1996
    $ 8T 73B
    $ 29,946.97
    $ 29,946.97
    $ 8T 73B
    3.773 %
    -1.546 %
    19.57 %
    0 %
    269M 581K people
    1997
    $ 8T 577B
    $ 31,440.09
    $ 31,440.09
    $ 8T 577B
    4.447 %
    -1.641 %
    20.77 %
    0 %
    272M 822K people
    1998
    $ 9T 62B
    $ 32,833.67
    $ 32,833.67
    $ 9T 62B
    4.483 %
    -2.373 %
    21.32 %
    0 %
    276M 22K people
    1999
    $ 9T 631B
    $ 34,496.24
    $ 34,496.24
    $ 9T 631B
    4.788 %
    -2.976 %
    20.85 %
    0 %
    279M 195K people