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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
Just the Facts about the US economy | USAFacts Learn the facts about the US economy: both national measures like GDP and inflation and data with personal impact, like wages and housing prices
What is inflation and how is it measured? - USAFacts In economic discourse, economists, government, and media often refer to the concept of inflation — general price increases in an economy Inflation measures a nation’s economic wellbeing, in part because it reflects consumer experience — rising inflation means an increase in cost of living What causes inflation? Inflation is a byproduct of supply-and-demand economics Prices rise when
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 $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
What do Americans think of the economy? - USAFacts The share of American adults that feel that the economy is in good shape is increasing, though still lower than before the COVID-19 pandemic In 2023, 42% of American adults felt that their local economy was in good or excellent shape, up from 38% in 2022 The share of Americans assessing the state of the national economy as good or excellent rose from 18% in 2022 to 22% in 2023 The Federal
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 $212 8 billion in Q1 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 $212 8 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to