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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
