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US economy statistics, charts, and trends | USAFacts 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
State of the Union: In Numbers 2025 - USAFacts Trade plays an important role in the economy as a component of GDP, with $3 2 trillion in trade exports and $4 1 trillion in imports in 2024 This resulted in a $918 4 billion trade deficit In 2023, trade with Canada, Mexico, and China accounted for 32 7% of total exports and 37 8% of total imports
What does the US produce? - USAFacts In 2024, the US produced $29 2 trillion in goods and services This is the total of what each industry and government sector contribute to the economy, and it’s called value added Value added is calculated by subtracting production costs (materials,
What is the gross domestic product (GDP) in Maine - USAFacts About $77 5 billion in 2024 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 $77 5 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare
What is the gross domestic product (GDP) in Louisiana About $256 4 billion in 2024 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 $256 4 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare
What is the gross domestic product (GDP) in Florida About $1 3 trillion in 2024 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 $1 3 trillion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare
What is the gross domestic product (GDP) in - USAFacts About $433 8 billion in 2024 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 $433 8 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare
What is the gross domestic product (GDP) in Ohio? | USAFacts About $727 3 billion in 2024 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 $727 3 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare
What is the gross domestic product (GDP) in - USAFacts About $395 3 billion in 2024 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 $395 3 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare