USAFacts uses data to show how the US economy changed in 2023 compared to pre-pandemic levels. Get nonpartisan data about economic indicators like GDP growth, unemployment rates, earnings, and more with the State of the Union in Numbers.

Economy 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.

Learn the facts about the US economy: both national measures like GDP and inflation and data with personal impact, like wages and housing prices.

Jan 8, 2025 · About $677.2 billion in 2023. 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 $677.2 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare ...

Jan 8, 2025 · The $422.4 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare the size of an economy over time. About $422.4 billion in 2023. 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 ...

Jan 17, 2025 · About 2.9%, as of December 2024. Inflation refers to the rise in prices of goods and services over time, which reduces the purchasing power of the dollar. The inflation rate is the percentage that describes how quickly these prices are rising. While several government datasets track price changes, the Consumer Price Index (CPI) represents about 90% of the US population. The CPI measures ...

Jan 8, 2025 · About $678.2 billion in 2023. 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 $678.2 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare ...

Jan 8, 2025 · About $195.4 billion in 2023. 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 $195.4 billion is the “real GDP,” which is adjusted to account for inflation to make it easier to compare ...

Aug 29, 2024 · 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?

Nov 22, 2024 · The federal government has a history of supporting entrepreneurs to stimulate the small business economy. The SBA is a cabinet-level agency that provides support for small businesses through programs like the Small Business Innovation Research and Small Business Technology Transfer programs, which provide a government-funded seed pool for small ...