Gross Domestic Product — Value US$, annual growth rate in United States of America
United States of America: Gross Domestic Product — Value US$, annual growth rate was 5.28 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value US$, annual growth rate in United States of America, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in United States of America stood at 5.28 % change on previous year.
The figure is down 19.8% on the previous year and up 22.6% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in United States of America peaked at 12.96 % change on previous year in 1978 and was at its lowest, -1.98 % change on previous year, in 2009.
United States of America ranks 15th of 30 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Value US$, annual growth rate in United States of America, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.53 % change on previous year | — |
| 1972 | 9.81 % change on previous year | +15.0% |
| 1973 | 11.44 % change on previous year | +16.6% |
| 1974 | 8.41 % change on previous year | -26.5% |
| 1975 | 9.04 % change on previous year | +7.5% |
| 1976 | 11.19 % change on previous year | +23.8% |
| 1977 | 11.13 % change on previous year | -0.6% |
| 1978 | 12.96 % change on previous year | +16.5% |
| 1979 | 11.73 % change on previous year | -9.5% |
| 1980 | 8.75 % change on previous year | -25.3% |
| 1981 | 12.24 % change on previous year | +39.8% |
| 1982 | 4.26 % change on previous year | -65.2% |
| 1983 | 8.68 % change on previous year | +103.6% |
| 1984 | 11.11 % change on previous year | +27.9% |
| 1985 | 7.46 % change on previous year | -32.8% |
| 1986 | 5.55 % change on previous year | -25.7% |
| 1987 | 6.02 % change on previous year | +8.5% |
| 1988 | 7.85 % change on previous year | +30.5% |
| 1989 | 7.74 % change on previous year | -1.5% |
| 1990 | 5.7 % change on previous year | -26.3% |
| 1991 | 3.27 % change on previous year | -42.6% |
| 1992 | 5.88 % change on previous year | +79.9% |
| 1993 | 5.19 % change on previous year | -11.8% |
| 1994 | 6.25 % change on previous year | +20.5% |
| 1995 | 4.84 % change on previous year | -22.6% |
| 1996 | 5.67 % change on previous year | +17.3% |
| 1997 | 6.25 % change on previous year | +10.1% |
| 1998 | 5.66 % change on previous year | -9.5% |
| 1999 | 6.27 % change on previous year | +10.8% |
| 2000 | 6.44 % change on previous year | +2.6% |
| 2001 | 3.23 % change on previous year | -49.8% |
| 2002 | 3.28 % change on previous year | +1.6% |
| 2003 | 4.82 % change on previous year | +47.0% |
| 2004 | 6.64 % change on previous year | +37.6% |
| 2005 | 6.73 % change on previous year | +1.3% |
| 2006 | 5.95 % change on previous year | -11.5% |
| 2007 | 4.77 % change on previous year | -19.9% |
| 2008 | 2.04 % change on previous year | -57.1% |
| 2009 | -1.98 % change on previous year | -196.7% |
| 2010 | 3.94 % change on previous year | -299.6% |
| 2011 | 3.66 % change on previous year | -7.2% |
| 2012 | 4.19 % change on previous year | +14.6% |
| 2013 | 3.86 % change on previous year | -8.1% |
| 2014 | 4.31 % change on previous year | +11.8% |
| 2015 | 3.9 % change on previous year | -9.5% |
| 2016 | 2.79 % change on previous year | -28.6% |
| 2017 | 4.29 % change on previous year | +54.0% |
| 2018 | 5.33 % change on previous year | +24.1% |
| 2019 | 4.28 % change on previous year | -19.7% |
| 2020 | -0.863 % change on previous year | -120.2% |
| 2021 | 10.9 % change on previous year | -1362.7% |
| 2022 | 9.82 % change on previous year | -9.9% |
| 2023 | 6.59 % change on previous year | -32.9% |
| 2024 | 5.28 % change on previous year | -19.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in United States of America changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1362.7% | -0.863 % change on previous year | 10.9 % change on previous year |
| 2010 | +299.6% | -1.98 % change on previous year | 3.94 % change on previous year |
| 2009 | -196.7% | 2.04 % change on previous year | -1.98 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.47 % change on previous year | 8.41 % change on previous year | 12.96 % change on previous year | 9 |
| 1980s | 7.97 % change on previous year | 4.26 % change on previous year | 12.24 % change on previous year | 10 |
| 1990s | 5.5 % change on previous year | 3.27 % change on previous year | 6.27 % change on previous year | 10 |
| 2000s | 4.19 % change on previous year | -1.98 % change on previous year | 6.73 % change on previous year | 10 |
| 2010s | 4.05 % change on previous year | 2.79 % change on previous year | 5.33 % change on previous year | 10 |
| 2020s | 6.35 % change on previous year | -0.863 % change on previous year | 10.9 % change on previous year | 5 |
Countries ranked near United States of America
- 13 Niger 17 % change on previous year compare
- 14 Mongolia 16.04 % change on previous year compare
- 15 Tajikistan 16.01 % change on previous year compare
- 16 Albania 15.38 % change on previous year compare
- 17 Kenya 15.24 % change on previous year compare
- 18 Sao Tome and Principe 15.18 % change on previous year compare
More economy & growth data for United States of America
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.64 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 1.64 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 2.8 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.8 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.14 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 6.14 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 4.43 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 4.43 % change on previous year (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4.43 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 6.14 % (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in United States of America?
- Gross domestic product — value us$, annual growth rate in United States of America was 5.28 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in United States of America?
- The highest recorded value was 12.96 % change on previous year in 1978.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in United States of America?
- The lowest recorded value was -1.98 % change on previous year in 2009.
- How does United States of America rank for gross domestic product — value us$, annual growth rate?
- United States of America ranks 15th out of 30 groups with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in United States of America?
- Over the last ten years it is up 22.6%. The long-run trend across the full record is falling.
- Where does this United States of America data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.