Gross Domestic Product Trends and Issues

STATE OF GDP GROWTH & THE ECONOMY

 

Gross Domestic Product:

$23.385 trillion
 

GDP Growth:

  • QoQ annualized growth
  • ⇧ 2.8%.

  • YoY annualized growth
  • ⇧ 2.7%.
 

SUMMARY GDP STATISTICS

SIZE AND SCOPE OF U.S. ECONOMY

 

Components of GDP

 

GDP CURRENT QUARTER

GDP Component Levels and QoQ Growth Rates

GDP Component Contribution to QoQ GDP Growth

During Q3 2024, GDP rose QoQ at 2.8%, compared to the 2.1% average growth in GDP since Q1 2010.

  • Services was the largest positive contributor at 1.2%.

GDP - ANNUAL TRENDS SINCE 2000

Annual GDP

% Annual Change in GDP

TRENDS IN GDP GROWTH AND DURATION OF ECONOMIC CYCLE

Quarterly Trends in GDP Growth Since 2010

Economic Expansions