Economy Understand the financial forces that affect daily American life. Discover how exports and imports impact US taxes and debt, plus learn about inflation and other economic indicators.

USAFacts uses data to show how the US economy changed in 2023 compared to pre-pandemic levels. Get nonpartisan data about economic indicators like GDP growth, unemployment rates, earnings, and more with the State of the Union in Numbers.

Learn the facts about the US economy: both national measures like GDP and inflation and data with personal impact, like wages and housing prices.

Jan 8, 2025 · About $422.4 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $422.4 billion is the “real GDP,” which is adjusted to account for inflation to …

Jan 17, 2025 · About 2.9%, as of December 2024. Inflation refers to the rise in prices of goods and services over time, which reduces the purchasing power of the dollar. The inflation rate is the percentage that describes how quickly these prices are rising. While several government datasets track price changes, the Consumer Price Index (CPI) represents about 90% of the US …

Jan 8, 2025 · About $677.2 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $677.2 billion is the “real GDP,” which is adjusted to account for inflation to …

Jan 8, 2025 · About $146.0 billion in Q1 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $146.0 billion is the “real GDP,” which is adjusted to account for inflation to …

Jan 8, 2025 · About $195.4 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $195.4 billion is the “real GDP,” which is adjusted to account for inflation to …

Jan 8, 2025 · About $678.2 billion in 2023. Gross domestic product (GDP) measures the value of goods and services a country or state produces — it’s the sum of consumer spending, business investment, government spending, and net exports. It is often used to quantify the size of its economy. The $678.2 billion is the “real GDP,” which is adjusted to account for inflation to …

Jun 5, 2024 · Economy Inflation: The Consumer Price Index peaked at a 9.0% inflation rate in June 2022, then dropped below 4% from July to December 2023. Economic growth: GDP adjusted for inflation grew by 2.5% in 2023, surpassing the average growth rate since 2000.