The United States ranked 1/197 by economy size with a GDP of $29.2T and 9/197 by GDP per capita at $85,810. The United States has $35.3T in government debt, with a debt-to-GDP ratio of 122.5%.
In 2025, the United States made up 26.2% of the world's economy, compared to 39.7% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $542,390,475,099 | $3,406,320,762,469 | - |
| 1961 | $562,640,778,342 | $3,493,704,590,510 | 3.73% |
| 1962 | $604,729,643,906 | $3,707,855,986,272 | 7.48% |
| 1963 | $638,380,883,119 | $3,869,417,876,418 | 5.56% |
| 1964 | $685,631,590,687 | $4,092,402,635,290 | 7.4% |
| 1965 | $743,503,780,837 | $4,358,345,546,392 | 8.44% |
| 1966 | $814,082,043,611 | $4,645,793,322,317 | 9.49% |
| 1967 | $860,737,154,024 | $4,773,211,933,326 | 5.73% |
| 1968 | $941,639,100,804 | $5,007,791,880,197 | 9.4% |
| 1969 | $1,018,471,133,697 | $5,164,159,048,266 | 8.16% |
| 1970 | $1,073,303,000,000 | $5,173,693,085,767 | 5.38% |
| 1971 | $1,164,850,000,000 | $5,344,048,439,509 | 8.53% |
| 1972 | $1,279,110,000,000 | $5,624,905,010,373 | 9.81% |
| 1973 | $1,425,376,000,000 | $5,942,469,134,010 | 11.4% |
| 1974 | $1,545,243,000,000 | $5,910,347,105,857 | 8.41% |
| 1975 | $1,684,904,000,000 | $5,898,194,297,823 | 9.04% |
| 1976 | $1,873,412,000,000 | $6,215,991,006,431 | 11.2% |
| 1977 | $2,081,826,000,000 | $6,503,430,023,927 | 11.1% |
| 1978 | $2,351,599,000,000 | $6,863,408,303,981 | 13% |
| 1979 | $2,627,333,000,000 | $7,080,703,002,910 | 11.7% |
| 1980 | $2,857,307,000,000 | $7,062,521,475,645 | 8.75% |
| 1981 | $3,207,041,000,000 | $7,241,747,172,534 | 12.2% |
| 1982 | $3,343,789,000,000 | $7,111,177,473,088 | 4.26% |
| 1983 | $3,634,038,000,000 | $7,437,138,984,659 | 8.68% |
| 1984 | $4,037,613,000,000 | $7,975,324,064,261 | 11.1% |
| 1985 | $4,338,979,000,000 | $8,307,861,210,352 | 7.46% |
| 1986 | $4,579,631,000,000 | $8,595,533,785,978 | 5.55% |
| 1987 | $4,855,215,000,000 | $8,892,477,646,208 | 6.02% |
| 1988 | $5,236,438,000,000 | $9,263,914,872,018 | 7.85% |
| 1989 | $5,641,580,000,000 | $9,604,107,858,980 | 7.74% |
| 1990 | $5,963,144,000,000 | $9,785,238,027,789 | 5.7% |
| 1991 | $6,158,129,000,000 | $9,774,639,354,479 | 3.27% |
| 1992 | $6,520,327,000,000 | $10,118,950,749,801 | 5.88% |
| 1993 | $6,858,559,000,000 | $10,397,403,618,243 | 5.19% |
| 1994 | $7,287,236,000,000 | $10,816,317,372,939 | 6.25% |
| 1995 | $7,639,749,000,000 | $11,106,673,920,743 | 4.84% |
| 1996 | $8,073,122,000,000 | $11,525,703,481,346 | 5.67% |
| 1997 | $8,577,552,000,000 | $12,038,266,260,922 | 6.25% |
| 1998 | $9,062,817,000,000 | $12,577,957,790,462 | 5.66% |
| 1999 | $9,631,172,000,000 | $13,180,243,872,015 | 6.27% |
| 2000 | $10,250,952,000,000 | $13,717,679,619,283 | 6.44% |
| 2001 | $10,581,929,000,000 | $13,848,757,307,663 | 3.23% |
| 2002 | $10,929,108,000,000 | $14,084,248,131,241 | 3.28% |
| 2003 | $11,456,450,000,000 | $14,477,988,212,153 | 4.83% |
| 2004 | $12,217,196,000,000 | $15,035,068,144,476 | 6.64% |
| 2005 | $13,039,197,000,000 | $15,558,822,251,117 | 6.73% |
| 2006 | $13,815,583,000,000 | $15,992,063,823,933 | 5.95% |
| 2007 | $14,474,228,000,000 | $16,312,522,122,065 | 4.77% |
| 2008 | $14,769,862,000,000 | $16,331,051,067,049 | 2.04% |
| 2009 | $14,478,067,000,000 | $15,910,281,498,378 | -1.98% |
| 2010 | $15,048,971,000,000 | $16,339,094,225,153 | 3.94% |
| 2011 | $15,599,732,000,000 | $16,594,704,135,317 | 3.66% |
| 2012 | $16,253,970,000,000 | $16,974,575,729,098 | 4.19% |
| 2013 | $16,880,683,000,000 | $17,334,068,402,874 | 3.86% |
| 2014 | $17,608,138,000,000 | $17,771,549,055,751 | 4.31% |
| 2015 | $18,295,019,000,000 | $18,295,019,000,000 | 3.9% |
| 2016 | $18,804,913,000,000 | $18,627,887,993,268 | 2.79% |
| 2017 | $19,612,102,000,000 | $19,085,691,122,935 | 4.29% |
| 2018 | $20,656,516,000,000 | $19,651,869,117,583 | 5.33% |
| 2019 | $21,539,982,000,000 | $20,159,639,089,698 | 4.28% |
| 2020 | $21,354,105,000,000 | $19,723,580,221,938 | -0.86% |
| 2021 | $23,681,171,000,000 | $20,917,853,444,668 | 10.9% |
| 2022 | $26,006,893,000,000 | $21,443,388,432,051 | 9.82% |
| 2023 | $27,720,709,000,000 | $22,062,578,283,267 | 6.59% |
| 2024 | $29,184,890,000,000 | $22,679,489,969,556 | 5.28% |
Economic Statistics of the United States
United States
|
Rank | |
|---|---|---|
| Gross domestic product |
$29.2T
2024 |
1/197 |
| GDP growth |
5.28%
2023-2024 |
105/196 |
| GDP per capita |
$85,810
2024 |
9/197 |
| GDP per capita, PPP |
$85,810
2024 |
11/197 |
| Government debt |
$35.3T
2024 |
1/185 |
| Debt-to-GDP ratio |
122.5%
2025 |
11/185 |
| Government debt per person |
$103,646
2024 |
2/185 |
| Average annual personal income after taxes |
$54,474
2025 |
7/197 |
| Listed domestic companies |
4,010
2024 |
3/103 |
| Market capitalization of domestic companies |
$62.2T
2024 |
1/100 |
| Number of millionaires |
21,951,319
2024 |
1/34 |
| Millionaire frequency |
1 in 12
2024 |
4/34 |
| Number of billionaires |
902
2025 |
1/78 |
| Billionaire frequency |
1 in 286,885
2025 |
11/78 |
| Income share by richest 10% |
30.4%
2023 |
54/169 |
| Income share by poorest 10% |
1.8%
2023 |
149/169 |
| Government expenditure, % of GDP |
37.8%
2025 |
61/195 |
| Consumer prices inflation |
2.95%
2023-2024 |
106/195 |
| Central bank interest rate |
4.25%
2025 |
74/105 |
| Unemployment rate |
4.02%
2024 |
123/196 |
| Population |
343323530
|
3/197 |
United States' GDP per capita
The United States has a GDP per capita of $85,810, ranking 9/197, a GDP per capita based on purchasing power parity (PPP) of $85,810, ranking 11/197, and a median annual after tax income of $54,474, ranking 7/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $3,002 | - |
| 1961 | $3,063 | - |
| 1962 | $3,242 | - |
| 1963 | $3,373 | - |
| 1964 | $3,573 | - |
| 1965 | $3,827 | - |
| 1966 | $4,142 | - |
| 1967 | $4,332 | - |
| 1968 | $4,692 | - |
| 1969 | $5,025 | - |
| 1970 | $5,234 | - |
| 1971 | $5,609 | - |
| 1972 | $6,094 | - |
| 1973 | $6,726 | - |
| 1974 | $7,226 | - |
| 1975 | $7,801 | - |
| 1976 | $8,592 | - |
| 1977 | $9,453 | - |
| 1978 | $10,565 | - |
| 1979 | $11,674 | - |
| 1980 | $12,613 | - |
| 1981 | $13,976 | - |
| 1982 | $14,434 | - |
| 1983 | $15,544 | - |
| 1984 | $17,121 | - |
| 1985 | $18,237 | - |
| 1986 | $19,071 | - |
| 1987 | $20,039 | - |
| 1988 | $21,417 | - |
| 1989 | $22,857 | - |
| 1990 | $23,840 | $23,889 |
| 1991 | $24,293 | $24,342 |
| 1992 | $25,381 | $25,419 |
| 1993 | $26,353 | $26,387 |
| 1994 | $27,662 | $27,695 |
| 1995 | $28,661 | $28,691 |
| 1996 | $29,937 | $29,968 |
| 1997 | $31,430 | $31,459 |
| 1998 | $32,823 | $32,854 |
| 1999 | $34,484 | $34,515 |
| 2000 | $36,330 | $36,330 |
| 2001 | $37,134 | $37,134 |
| 2002 | $37,998 | $37,998 |
| 2003 | $39,490 | $39,490 |
| 2004 | $41,725 | $41,725 |
| 2005 | $44,123 | $44,123 |
| 2006 | $46,302 | $46,302 |
| 2007 | $48,050 | $48,050 |
| 2008 | $48,570 | $48,570 |
| 2009 | $47,195 | $47,195 |
| 2010 | $48,651 | $48,643 |
| 2011 | $50,066 | $50,025 |
| 2012 | $51,784 | $51,708 |
| 2013 | $53,410 | $53,297 |
| 2014 | $55,304 | $55,153 |
| 2015 | $57,040 | $56,849 |
| 2016 | $58,207 | $57,977 |
| 2017 | $60,322 | $60,048 |
| 2018 | $63,201 | $62,876 |
| 2019 | $65,605 | $65,228 |
| 2020 | $64,411 | $64,402 |
| 2021 | $71,352 | $71,307 |
| 2022 | $78,035 | $77,861 |
| 2023 | $82,769 | $82,305 |
| 2024 | $85,810 | $85,810 |
United States' government spending, deficit, and chart
This chart shows the United States' government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, the United States recorded a fiscal deficit in 46 years — average annual deficit equal to -3.83% of GDP. In 2024, government spending reached $11T (37.8% of GDP), with a deficit of -6.46%.
The national debt reached $35.3T, ranking 1st out of 185 countries by total size, with a debt-to-GDP ratio of 122.5%, ranking 11th.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1800 | 2.35% | 18.1% | 0.01% |
| 1801 | 1.78% | 15.3% | 0.67% |
| 1802 | 1.6% | 15.7% | 1.46% |
| 1803 | 1.61% | 17.7% | 0.66% |
| 1804 | 1.63% | 15.4% | 0.58% |
| 1805 | 1.77% | 12.8% | 0.52% |
| 1806 | 1.61% | 11.4% | 0.95% |
| 1807 | 1.48% | 11.6% | 1.43% |
| 1808 | 2.15% | 12.4% | 1.55% |
| 1809 | 2.05% | 10.6% | -0.5% |
| 1810 | 1.39% | 8.16% | 0.21% |
| 1811 | 1.39% | 7.79% | 1.1% |
| 1812 | 3.56% | 9.84% | -1.84% |
| 1813 | 5.09% | 13.1% | -2.78% |
| 1814 | 4.95% | 14.2% | -3.36% |
| 1815 | 4.03% | 15.7% | -2.09% |
| 1816 | 3.58% | 14.5% | 2% |
| 1817 | 2.58% | 12.2% | 1.33% |
| 1818 | 2.43% | 11.7% | 0.22% |
| 1819 | 2.85% | 12.1% | 0.42% |
| 1820 | 2.78% | 13.7% | -0.06% |
| 1821 | 2.6% | 15.4% | -0.2% |
| 1822 | 2.13% | 12.9% | 0.74% |
| 1823 | 2.1% | 12.9% | 0.83% |
| 1824 | 2.71% | 11.2% | -0.13% |
| 1825 | 1.87% | 9.54% | 0.7% |
| 1826 | 1.93% | 8.37% | 0.93% |
| 1827 | 1.86% | 7.77% | 0.79% |
| 1828 | 1.86% | 6.63% | 0.95% |
| 1829 | 1.68% | 5.37% | 1.06% |
| 1830 | 1.62% | 4.19% | 1.04% |
| 1831 | 1.42% | 2.27% | 1.24% |
| 1832 | 1.5% | 0.61% | 1.26% |
| 1833 | 1.77% | 0.37% | 0.84% |
| 1834 | 1.4% | 0.003% | 0.24% |
| 1835 | 1.08% | 0.002% | 1.09% |
| 1836 | 1.63% | 0.02% | 1.05% |
| 1837 | 2.04% | 0.18% | -0.67% |
| 1838 | 1.93% | 0.59% | -0.43% |
| 1839 | 1.39% | 0.18% | 0.24% |
| 1840 | 1.41% | 0.3% | -0.28% |
| 1841 | 1.52% | 0.78% | -0.56% |
| 1842 | 1.51% | 1.21% | -0.31% |
| 1843 | 0.72% | 2% | -0.22% |
| 1844 | 1.23% | 1.29% | 0.38% |
| 1845 | 1.17% | 0.81% | 0.36% |
| 1846 | 1.35% | 0.75% | 0.09% |
| 1847 | 2.45% | 1.66% | -1.32% |
| 1848 | 1.91% | 1.98% | -0.41% |
| 1849 | 1.92% | 2.69% | -0.59% |
| 1850 | 1.56% | 2.5% | 0.16% |
| 1851 | 1.76% | 2.52% | 0.18% |
| 1852 | 1.49% | 2.23% | 0.19% |
| 1853 | 1.4% | 1.74% | 0.39% |
| 1854 | 1.5% | 1.09% | 0.41% |
| 1855 | 1.48% | 0.88% | 0.14% |
| 1856 | 1.66% | 0.76% | 0.11% |
| 1857 | 1.57% | 0.66% | 0.03% |
| 1858 | 1.82% | 1.1% | -0.68% |
| 1859 | 1.61% | 1.36% | -0.36% |
| 1860 | 1.41% | 1.45% | -0.16% |
| 1861 | 1.42% | 1.94% | -0.54% |
| 1862 | 8.62% | 9.51% | -7.67% |
| 1863 | 9.74% | 15.3% | -8.2% |
| 1864 | 9.08% | 19.1% | -6.3% |
| 1865 | 13.8% | 28.5% | -10.2% |
| 1866 | 5.69% | 30.1% | 0.41% |
| 1867 | 4.03% | 29.9% | 1.5% |
| 1868 | 4.35% | 29.8% | 0.33% |
| 1869 | 3.76% | 29.6% | 0.56% |
| 1870 | 3.8% | 29.9% | 1.25% |
| 1871 | 3.64% | 28.9% | 1.14% |
| 1872 | 2.97% | 23.6% | 1.03% |
| 1873 | 3.12% | 23.1% | 0.47% |
| 1874 | 3.5% | 25% | 0.03% |
| 1875 | 3.24% | 25.5% | 0.16% |
| 1876 | 3.05% | 24.5% | 0.33% |
| 1877 | 2.63% | 22.9% | 0.44% |
| 1878 | 2.61% | 23.8% | 0.23% |
| 1879 | 2.76% | 23.7% | 0.07% |
| 1880 | 2.24% | 17.5% | 0.55% |
| 1881 | 2.2% | 17.1% | 0.85% |
| 1882 | 1.92% | 13.8% | 1.08% |
| 1883 | 2.12% | 13.8% | 1.06% |
| 1884 | 2% | 13.3% | 0.85% |
| 1885 | 2.14% | 13% | 0.52% |
| 1886 | 1.81% | 11.6% | 0.7% |
| 1887 | 1.94% | 10.6% | 0.75% |
| 1888 | 1.96% | 10.1% | 0.82% |
| 1889 | 2.06% | 8.59% | 0.6% |
| 1890 | 2.19% | 7.73% | 0.59% |
| 1891 | 2.35% | 6.46% | 0.17% |
| 1892 | 2.2% | 6.18% | 0.06% |
| 1893 | 2.52% | 6.32% | 0.02% |
| 1894 | 2.7% | 7.46% | -0.45% |
| 1895 | 2.3% | 7.09% | -0.2% |
| 1896 | 2.3% | 7.99% | -0.09% |
| 1897 | 2.3% | 7.7% | -0.11% |
| 1898 | 2.67% | 7.44% | -0.23% |
| 1899 | 3.27% | 7.76% | -0.48% |
| 1900 | 2.7% | 6.55% | 0.24% |
| 1901 | 2.43% | 5.65% | 0.29% |
| 1902 | 2.19% | 5.31% | 0.35% |
| 1903 | 2.13% | 4.78% | 0.18% |
| 1904 | 2.51% | 4.89% | -0.18% |
| 1905 | 2.21% | 4.42% | -0.09% |
| 1906 | 1.89% | 3.79% | 0.08% |
| 1907 | 1.88% | 3.72% | 0.28% |
| 1908 | 2.51% | 4.49% | -0.22% |
| 1909 | 2.26% | 3.75% | -0.29% |
| 1910 | 2.19% | 3.63% | -0.06% |
| 1911 | 2.12% | 3.54% | 0.03% |
| 1912 | 1.97% | 3.41% | 0.008% |
| 1913 | 1.95% | 3.25% | -0.001% |
| 1914 | 2.12% | 3.47% | -0.001% |
| 1915 | 2.07% | 3.31% | -0.17% |
| 1916 | 1.6% | 2.74% | 0.11% |
| 1917 | 3.75% | 5.72% | -1.64% |
| 1918 | 19% | 18.6% | -13.5% |
| 1919 | 24.2% | 33.3% | -17.5% |
| 1920 | 7.3% | 27.9% | 0.33% |
| 1921 | 6.85% | 32.4% | 0.69% |
| 1922 | 4.52% | 31.5% | 1.01% |
| 1923 | 3.7% | 26.3% | 0.84% |
| 1924 | 3.34% | 24.4% | 1.11% |
| 1925 | 3.2% | 22.5% | 0.78% |
| 1926 | 3.01% | 20.2% | 0.89% |
| 1927 | 2.95% | 19.1% | 1.19% |
| 1928 | 3.06% | 18.2% | 0.97% |
| 1929 | 8.3% | 16.3% | -4.58% |
| 1930 | 9.9% | 17.7% | -5.46% |
| 1931 | 13.8% | 21.9% | -9.76% |
| 1932 | 16% | 33.1% | -12.7% |
| 1933 | 17.9% | 40% | -14.3% |
| 1934 | 19.4% | 41% | -14.9% |
| 1935 | 18.4% | 39.2% | -13.3% |
| 1936 | 16.9% | 40.4% | -12.1% |
| 1937 | 14.6% | 39.6% | -9.22% |
| 1938 | 16.9% | 43.2% | -10.4% |
| 1939 | 17.3% | 44% | -11.9% |
| 1940 | 16.5% | 42.4% | -9.73% |
| 1941 | 17.4% | 38.6% | -10.2% |
| 1942 | 25.7% | 44.8% | -16.3% |
| 1943 | 31.9% | 68.9% | -19.3% |
| 1944 | 35.2% | 91.5% | -13.4% |
| 1945 | 36.6% | 116% | -14.1% |
| 1946 | 26% | 121.2% | -6.45% |
| 1947 | 21.8% | 105.7% | -3.99% |
| 1948 | 21% | 93.6% | -4.16% |
| 1949 | 23.5% | 94.4% | -7.94% |
| 1950 | 22.2% | 87.4% | -8.22% |
| 1951 | 22.7% | 75.2% | -6.93% |
| 1952 | 24.4% | 72.3% | -5.41% |
| 1953 | 24.6% | 70% | -5.76% |
| 1954 | 24.4% | 71.2% | -5.55% |
| 1955 | 23.2% | 66.1% | -7.4% |
| 1956 | 23.1% | 62.3% | -6.02% |
| 1957 | 24.1% | 58.6% | -6.72% |
| 1958 | 25.7% | 59.1% | -8.68% |
| 1959 | 24.7% | 56.1% | -9.06% |
| 1960 | 24.9% | 61.7% | 3.2% |
| 1961 | 25.9% | 62.3% | 2.28% |
| 1962 | 26% | 60.2% | 2.32% |
| 1963 | 26% | 58.8% | 2.87% |
| 1964 | 25.6% | 56.7% | 2.18% |
| 1965 | 25.4% | 53.7% | 2.38% |
| 1966 | 26.3% | 50.6% | 2.07% |
| 1967 | 28.3% | 50.4% | 0.47% |
| 1968 | 29.1% | 48.5% | 1.23% |
| 1969 | 29.3% | 45.9% | 2.11% |
| 1970 | 31.5% | 46.4% | -1.21% |
| 1971 | 32.3% | 47% | -2.63% |
| 1972 | 32.8% | 45.4% | -1.86% |
| 1973 | 31.9% | 42.6% | -0.86% |
| 1974 | 32.9% | 41.4% | -1.27% |
| 1975 | 35.2% | 44.6% | -5.4% |
| 1976 | 34.2% | 44.8% | -3.63% |
| 1977 | 33.4% | 43.6% | -2.57% |
| 1978 | 32.6% | 42.5% | -1.7% |
| 1979 | 32% | 41.2% | -0.79% |
| 1980 | 33.7% | 41.9% | -2.17% |
| 1981 | 33.9% | 41.1% | -1.58% |
| 1982 | 35.8% | 45.9% | -3.78% |
| 1983 | 35.7% | 48.9% | -4.26% |
| 1984 | 34.3% | 50.6% | -2.97% |
| 1985 | 34.5% | 55.4% | -2.63% |
| 1986 | 34.8% | 58.9% | -2.81% |
| 1987 | 34.3% | 60.6% | -1.53% |
| 1988 | 33.7% | 61.3% | -1.06% |
| 1989 | 33.7% | 61.6% | -0.8% |
| 1990 | 34.5% | 63.1% | -1.64% |
| 1991 | 35.7% | 67.9% | -2.72% |
| 1992 | 36.7% | 70.3% | -3.98% |
| 1993 | 36.4% | 71.9% | -3.35% |
| 1994 | 35.5% | 71.1% | -2.05% |
| 1995 | 35.5% | 70.7% | -1.7% |
| 1996 | 34.7% | 69.9% | -0.46% |
| 1997 | 33.7% | 67.4% | 0.88% |
| 1998 | 32.8% | 64.2% | 2.18% |
| 1999 | 32.2% | 60.5% | 2.71% |
| 2000 | 31.7% | 54.5% | 3.62% |
| 2001 | 32.8% | 53.3% | -0.54% |
| 2002 | 33.7% | 55.7% | -3.82% |
| 2003 | 34% | 58.8% | -4.77% |
| 2004 | 33.7% | 66.3% | -4.24% |
| 2005 | 33.9% | 65.6% | -3.07% |
| 2006 | 33.7% | 64.3% | -2.04% |
| 2007 | 34.6% | 64.7% | -2.91% |
| 2008 | 37.1% | 73.6% | -6.61% |
| 2009 | 41.4% | 86.8% | -13.2% |
| 2010 | 39.8% | 95.3% | -11% |
| 2011 | 38.8% | 99.7% | -9.72% |
| 2012 | 37.2% | 103.2% | -8.11% |
| 2013 | 35.8% | 104.5% | -4.56% |
| 2014 | 35.3% | 104.4% | -4.03% |
| 2015 | 35% | 104.9% | -3.53% |
| 2016 | 35.3% | 106.8% | -4.36% |
| 2017 | 35.2% | 105.7% | -4.79% |
| 2018 | 35.3% | 107% | -5.33% |
| 2019 | 35.8% | 108.2% | -5.81% |
| 2020 | 44.8% | 132% | -14.1% |
| 2021 | 43.2% | 124.7% | -11.4% |
| 2022 | 36.8% | 118.8% | -3.7% |
| 2023 | 37.1% | 119% | -7.16% |
| 2024 | 37.6% | 120.8% | -7.26% |
| 2025 | 37.8% | 122.5% | -6.46% |
Inflation rate by year
Over the past 20 years, the United States has had an average annual inflation rate of 2.58%. In 2024, inflation was 2.95%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1960 | 1.46% |
| 1961 | 1.07% |
| 1962 | 1.2% |
| 1963 | 1.24% |
| 1964 | 1.28% |
| 1965 | 1.59% |
| 1966 | 3.02% |
| 1967 | 2.77% |
| 1968 | 4.27% |
| 1969 | 5.46% |
| 1970 | 5.84% |
| 1971 | 4.29% |
| 1972 | 3.27% |
| 1973 | 6.18% |
| 1974 | 11.1% |
| 1975 | 9.14% |
| 1976 | 5.74% |
| 1977 | 6.5% |
| 1978 | 7.63% |
| 1979 | 11.3% |
| 1980 | 13.5% |
| 1981 | 10.3% |
| 1982 | 6.13% |
| 1983 | 3.21% |
| 1984 | 4.3% |
| 1985 | 3.55% |
| 1986 | 1.9% |
| 1987 | 3.66% |
| 1988 | 4.08% |
| 1989 | 4.83% |
| 1990 | 5.4% |
| 1991 | 4.23% |
| 1992 | 3.03% |
| 1993 | 2.95% |
| 1994 | 2.61% |
| 1995 | 2.81% |
| 1996 | 2.93% |
| 1997 | 2.34% |
| 1998 | 1.55% |
| 1999 | 2.19% |
| 2000 | 3.38% |
| 2001 | 2.83% |
| 2002 | 1.59% |
| 2003 | 2.27% |
| 2004 | 2.68% |
| 2005 | 3.39% |
| 2006 | 3.23% |
| 2007 | 2.85% |
| 2008 | 3.84% |
| 2009 | -0.36% |
| 2010 | 1.64% |
| 2011 | 3.16% |
| 2012 | 2.07% |
| 2013 | 1.46% |
| 2014 | 1.62% |
| 2015 | 0.12% |
| 2016 | 1.26% |
| 2017 | 2.13% |
| 2018 | 2.44% |
| 2019 | 1.81% |
| 2020 | 1.23% |
| 2021 | 4.7% |
| 2022 | 8% |
| 2023 | 4.12% |
| 2024 | 2.95% |
Balance of trade
|
United States
|
Rank | |
|---|---|---|
Current account balance
|
-$1.19T
2024 |
189/189 |
| Current account balance, % of GDP |
-4.06%
2024 |
126/189 |
| Goods imports |
$3.3T
2024 |
1/188 |
| Goods exports |
$2.08T
2024 |
2/188 |
| Service imports |
$841B
2024 |
1/188 |
| Service exports |
$1.15T
2024 |
1/188 |
| Imports of goods and services, % of GDP |
14%
2024 |
176/180 |
| Exports of goods and services, % of GDP |
10.9%
2024 |
176/193 |
The United States' top 10 trading partners
The United States' biggest trading partner accounting for 13.9%% of all exports and imports is Mexico, with a trade balance between the two of -$177B — the US exports $372B worth of goods and services to Mexico and imports $548B.
Below is the list of the top 10 trade partners of the United States.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Mexico
|
$920B | 13.9% | $372B | $548B | Machinery & equipment | Machinery & equipment |
| 2 |
Canada
|
$887B | 13.4% | $420B | $467B | Machinery & equipment | Raw materials & minerals |
| 3 |
China
|
$674B | 10.2% | $185B | $489B | Machinery & equipment | Machinery & equipment |
| 4 |
Germany
|
$323B | 4.89% | $116B | $207B | Machinery & equipment | Machinery & equipment |
| 5 |
Japan
|
$311B | 4.71% | $118B | $193B | Machinery & equipment | Machinery & equipment |
| 6 |
United Kingdom
|
$305B | 4.61% | $162B | $143B | Business & finance services | Business & finance services |
| 7 |
South Korea
|
$238B | 3.6% | $87.8B | $150B | Machinery & equipment | Machinery & equipment |
| 8 |
Ireland
|
$227B | 3.44% | $101B | $126B | Business & finance services | Chemicals & pharma |
| 9 |
India
|
$192B | 2.91% | $67.6B | $124B | Transport & tourism services | Machinery & equipment |
| 10 |
Switzerland
|
$179B | 2.71% | $80.7B | $98.2B | Business & finance services | Chemicals & pharma |
United States' top 10 exports
|
United States
|
Rank | |
|---|---|---|
| Machinery & equipment | $857B | 3/193 |
| Business & finance services | $436B | 1/188 |
| Raw materials & minerals | $370B | 1/193 |
| Transport & tourism services | $301B | 1/188 |
| Chemicals & pharma | $300B | 1/193 |
| IT & IP services | $194B | 2/183 |
| Precious metals & jewellery | $86.7B | 4/190 |
| Metals | $84.2B | 3/192 |
| Miscellaneous | $81.7B | 2/191 |
| Raw agricultural goods | $80.4B | 1/193 |
United States' top 10 imports
|
United States
|
Rank | |
|---|---|---|
| Machinery & equipment | $1.58T | 1/193 |
| Chemicals & pharma | $425B | 1/193 |
| Raw materials & minerals | $336B | 2/193 |
| Transport & tourism services | $323B | 2/188 |
| Textiles & consumer goods | $315B | 1/193 |
| Business & finance services | $255B | 1/188 |
| Metals | $159B | 1/193 |
| Miscellaneous | $137B | 1/193 |
| Processed food, beverages & tobacco | $126B | 1/193 |
| Precious metals & jewellery | $108B | 4/193 |
Economic freedom indices
|
United States
|
Rank | |
|---|---|---|
| Economic freedom | 70.2 | 34/197 |
| Property rights | 95.4 | 10/182 |
| Government integrity | 77.3 | 10/182 |
| Judicial effectiveness | 76.6 | 10/182 |
| Tax burden | 75.6 | 122/181 |
| Government spending | 55.8 | 132/180 |
| Fiscal health | 0 | 180/181 |
| Business freedom | 88.5 | 8/182 |
| Labor freedom | 77 | 4/182 |
| Monetary freedom | 70.7 | 98/180 |
| Trade freedom | 75.6 | 69/181 |
| Investment freedom | 70 | 46/181 |
| Financial freedom | 80 | 14/181 |
United States' economic freedom by year
The United States is ranked 28/180 for economic freedom with a score of 70.2, compared to 4/163 and a score of 79.9 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1995 | 76.7 | - | 64.8 | 57.8 | - |
| 1996 | 76.7 | - | 64.7 | 57.8 | - |
| 1997 | 75.6 | - | 64.5 | 60 | - |
| 1998 | 75.4 | - | 64.3 | 60.3 | - |
| 1999 | 75.5 | - | 64.1 | 61.3 | - |
| 2000 | 76.4 | - | 63.8 | 69.3 | - |
| 2001 | 79.1 | - | 63.5 | 71.2 | - |
| 2002 | 78.4 | - | 63.4 | 65.3 | - |
| 2003 | 78.2 | - | 63.5 | 63.5 | - |
| 2004 | 78.7 | - | 67.2 | 62.2 | - |
| 2005 | 79.9 | - | 68.6 | 60 | - |
| 2006 | 81.2 | - | 68.9 | 61.1 | - |
| 2007 | 81.2 | - | 69 | 60.3 | - |
| 2008 | 81 | - | 68.3 | 59.8 | - |
| 2009 | 80.7 | - | 67.5 | 59.6 | - |
| 2010 | 78 | - | 67.5 | 58 | - |
| 2011 | 77.8 | - | 68.3 | 54.6 | - |
| 2012 | 76.3 | - | 69.8 | 46.7 | - |
| 2013 | 76 | - | 69.3 | 47.8 | - |
| 2014 | 75.5 | - | 65.8 | 48.1 | - |
| 2015 | 76.2 | - | 66.2 | 51.8 | - |
| 2016 | 75.4 | - | 65.6 | 54.7 | - |
| 2017 | 75.1 | 75.1 | 65.3 | 55.9 | 53.3 |
| 2018 | 75.7 | 76.9 | 65.1 | 56.5 | 54.8 |
| 2019 | 76.8 | 78.6 | 75.1 | 57.1 | 53.1 |
| 2020 | 76.6 | 83.7 | 74.6 | 56.5 | 54.3 |
| 2021 | 74.8 | 72.4 | 76 | 62.2 | 34.9 |
| 2022 | 72.1 | 77.9 | 75.9 | 54.5 | 0 |
| 2023 | 70.6 | 73.4 | 75.4 | 49.3 | 0 |
| 2024 | 70.1 | 74.8 | 74.8 | 48.7 | 0 |
| 2025 | 70.2 | 76.6 | 75.6 | 55.8 | 0 |
More economic indicators
|
United States
|
Rank | |
|---|---|---|
| Services, % of GDP |
79.7%
2024 |
5/191 |
| Industry, % of GDP |
17.3%
2024 |
151/194 |
| Agriculture, forestry, and fishing, % of GDP |
0.85%
2024 |
174/193 |
|
GNI, Atlas method
|
$28.5T
2024 |
1/194 |
| GNI per capita, PPP |
$85,980
2024 |
8/191 |
| Total reserves including gold |
$910B
2024 |
3/177 |
|
Net foreign direct investment
|
$25.1B
2024 |
10/188 |
|
Net inflows of foreign direct investment
|
$297B
2024 |
1/193 |
|
Net outflows of foreign direct investment
|
$322B
2024 |
1/187 |
| Poverty at national poverty lines |
15.1%
2020 |
129/176 |
|
Gross capital formation, % of GDP
|
21.7%
2024 |
105/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
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Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.