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US economy statistics, charts, and trends | USAFacts 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 Source: USAID and US Department of State Learn more Economy Key market indicators In 2024, the US GDP grew, prices and unemployment rose, and trade and global partnerships shifted compared to 2023 Gross domestic product (GDP) reached $23 3 trillion (or an average of $68,513 per person) in 2024, up 2 8% from the previous year
What does the US produce? - USAFacts What goods and services does the US produce? Over four-fifths (83 3%) of value added to the US economy in 2024 was via services, for a total of $24 3 trillion Services include housing and utilities, transportation, financial services and insurance, healthcare, recreation, food services and accommodations, and others
What’s in the “One Big Beautiful Bill”? - USAFacts Congress has passed its next major spending bill This legislation, called the “One Big Beautiful Bill,” would lower some taxes, change funding for various federal programs, raise the debt ceiling, and change many other parts of the federal government with the goal of aligning with the Trump administration’s priorities The bill was negotiated through a process called reconciliation
What is the gross domestic product (GDP) in - 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 - USAFacts 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 - USAFacts About $99 6 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 $99 6 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare
What are tariffs and how do they work? - USAFacts How do tariffs impact prices? In a supply-and-demand economy, when supply of a certain commodity goes down, prices tend to go up, because there is less of the commodity available to meet the demand Tariffs, like all taxes, drive an economic “wedge” between what an importer pays and what an exporter receives as payment
What is the gross domestic product (GDP) in - USAFacts About $148 0 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 $148 0 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare