GDP reading: Argentina’s GDP expanded 0.3% in seasonally adjusted quarter-on-quarter terms in Q3, following a 0.1% contraction in the previous...
Economic Growth in United States
The United States saw robust GDP growth from 2013 to 2019, driven by strong consumer spending and technological innovation. Growth was disrupted by the COVID-19 pandemic in 2020, leading to a sharp but brief recession. The subsequent recovery in 2021-2024 was rapid, fueled by strong growth in consumption and exports plus a booming tech industry. The economy grew above 2% in the last four years, easily outpacing the G7 average.
In the year 2024, the economic growth in United States was 2.80%, compared to 2.52% in 2014 and 2.89% in 2023. It averaged 2.49% over the last decade. For more GDP information, visit our dedicated page.
United States GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for United States from 2014 to 2025.
Source: Macrobond.
United States GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -2.1 | 6.2 | 2.5 | 2.9 | 2.8 |
| GDP (USD bn) | 21,375 | 23,726 | 26,055 | 27,812 | 29,298 |
| Economic Growth (Nominal GDP, ann. var. %) | -0.8 | 11.0 | 9.8 | 6.7 | 5.3 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects American GDP projections for the next ten years from a panel of 78 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for American GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our American GDP projections.
Want to get access to the full dataset of American GDP forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
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Argentina: Economy rebounds in Q3 2025 -
United Kingdom: Economy contracts again in October GDP reading: GDP fell 0.1% in seasonally adjusted month-on-month terms in October, unchanged from the prior month’s reading and contrasting... -
Greece: Economic growth picks up in the third quarter of 2025 GDP growth gains speed for a third straight quarter in Q3: Greece’s GDP grew 0.6% on a seasonally adjusted quarter-on-quarter... -
Luxembourg: Economic growth rises in the third quarter of 2025 Sequential growth among highest in euro area: Luxembourg’s GDP increased 1.1% in seasonally adjusted quarter-on-quarter terms in Q3, following a... -
Slovakia: Economic growth picks up in the third quarter of 2025 GDP growth improves but remains weak: A second release confirmed that Slovakia’s GDP increased 0.9% on a year-on-year basis in... -
Euro Area: Economic growth picks up in the third quarter of 2025 GDP growth revised upward: According to a detailed release, the euro area’s GDP grew 0.3% in seasonally and calendar-adjusted quarter-on-quarter... -
Bulgaria: Economic growth remains robust in Q3 Economy outpaces most of the EU: According to preliminary data, Bulgaria’s GDP increased 3.2% in working-day and seasonally adjusted year-on-year...