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In 2017, American Samoa had a very low GDP growth rate (5.8%), but its GDP has grown since then. [4] Also, the Northern Mariana Islands had the highest GDP growth rate in the United States in 2017 (25.1%), but it now has the lowest GDP growth rate in the United States. [5] [3]
The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2024. [1] [2] The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars.
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
The reading came in lower than third quarter GDP, which was revised down to 4.9%. For the year, the US economy grew at an annualized rate of 2.5%, up from 1.9% in 2022.
Economists pointed out that a large reason GDP for the first quarter came in softer than expected was weaker data in trade and exports, which together weighed on GDP growth for the quarter by ...
The GDP increase marked the biggest gain since the fourth quarter of 2021. ... Price increases have been running well ahead of the central bank’s 2% annual target, though the rate of inflation ...
Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
The first quarter's GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023. ... which fuels about 70% of economic growth, rose at a 2% annual rate, down ...
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