What was United States's GDP growth (annual %) in 2024?

In 2024, United States's GDP growth (annual %) was 2.79, according to World Bank Open Data.

Is United States's GDP growth (annual %) rising or falling?

United States's GDP growth (annual %) fell 3.3% from 2023 to 2024.

How does United States rank globally on GDP growth (annual %)?

In 2024, United States ranked #114 out of 193 countries reporting GDP growth (annual %).

How does United States's GDP growth (annual %) compare to the world average?

The global average for GDP growth (annual %) in 2024 was 3.07, so United States is below the world average. Within North America, it ranks #2 of 3.

United States: GDP growth (annual %)

Name: United States: GDP growth (annual %)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, United States's GDP growth (annual %) was 2.79.

That's down 3.3% from 2023, the highest value since 2023.

The global average for this indicator in 2024 was 3.07 . United States ranks #114 globally out of 193 reporting countries. Within North America, it ranks #2 of 3.

Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 6.06; 2021
Trough: -2.58; 2009
1-year change: -3.3%
5-year change: +8.1%; +1.6% / yr
10-year change: +10.7%; +1.0% / yr

Historical Data — Last 10 Years

Year	GDP growth (annual %)
2024	2.7930
2023	2.8876
2022	2.5124
2021	6.0551
2020	-2.1630
2019	2.5838
2018	2.9665
2017	2.4576
2016	1.8195
2015	2.9456

About GDP growth (annual %)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Indicator code: NY.GDP.MKTP.KD.ZG • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was United States's GDP growth (annual %) in 2024?: In 2024, United States's GDP growth (annual %) was 2.79, according to World Bank Open Data.
Is United States's GDP growth (annual %) rising or falling?: United States's GDP growth (annual %) fell 3.3% from 2023 to 2024.
How does United States rank globally on GDP growth (annual %)?: In 2024, United States ranked #114 out of 193 countries reporting GDP growth (annual %).
How does United States's GDP growth (annual %) compare to the world average?: The global average for GDP growth (annual %) in 2024 was 3.07, so United States is below the world average. Within North America, it ranks #2 of 3.
What is GDP growth (annual %) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Download this data: CSV JSON

Source: World Bank Open Data (NY.GDP.MKTP.KD.ZG), CC BY 4.0.