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COUNTRIES

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REGIONSGDPoftheU.S.CHAPTER

01OverviewGrossdomesticproductoftheUnitedStatesfrom1990to2023(inbillioncurrentU.S.dollars)U.S.annualGDP1990-202330,00025,00020,00015,00010,0005,0000Year3Description:In2023,theU.S.GDPincreasedfromthepreviousyeartoabout27.36trillionU.S.dollars.ThisincreaseinGDPcanbeattributedtoacontinuedreboundfromtheimpactofthecoronaviruspandemic.Grossdomesticproduct(GDP)referstothemarketvalueofallgoodsandservicesproducedwithinacountry.In2023,theUnitedStateshasthelargesteconomyintheworld.See,forexample,theRussianGDPforcomparison.

ReadmoreNote(s):UnitedStates;1990to2023Source(s):BEARealgrossdomesticproductoftheUnitedStatesfrom1990to2023(inbillionchained2012U.S.dollars)U.S.chainedrealGDP1990-202325,00023,00021,00019,00017,00015,00013,00011,0009,0007,0005,000Year4Description:In2023,theUnitedStateshadarealgrossdomesticproductofabout22trillionU.S.dollars(2017chained).SeetheU.S.GDPforfurtherinformation.ReadmoreNote(s):UnitedStates;1990to2023Source(s):BEA;USDepartmentofCommerceAnnualgrowthoftherealgrossdomesticproductoftheUnitedStatesfrom1990to2023U.S.realGDPgrowthrate1990-20237%6%5%4.5%4.1%4%3.9%3.8%4%3%3.5%3%2.8%2.7%2.5%2.3%1.9%1.9%1.8%1.7%2%1%0.1%0%-1%-2%-3%-4%-2.2%'90

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'23Year5Description:In2023therealgrossdomesticproduct(GDP)oftheUnitedStatesincreasedby2.5percentcomparedto2022.Thisrateofannualgrowthindicatesareturntoeconomynormalcyafter2020sawadramaticdeclineintheGDPgrowthrateduetothethecoronavirus(COVID-19)pandemic,andhighgrowthin2021.ReadmoreNote(s):UnitedStates;1990to2023Source(s):BEA;USDepartmentofCommerceQuarterlyrealgrossdomesticproductoftheUnitedStatesfromthesecondquarterof2013tothesecondquarterof2024(intrillionchained2017U.S.dollars)U.S.realGDPQ22013-Q2202424.023.022.021.020.019.018.017.0Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2'13

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'246Description:Inthesecondquarterof2024,therealgrossdomesticproduct(GDP)oftheUnitedStatesamountedto20.92trillionchained(2017)U.S.dollars.Thiswasanincreasefromthepreviousquarter,whentheGDPwas22.76trillionU.S.dollars.

ReadmoreNote(s):UnitedStates;2013to2024Source(s):BEAAnnualizedgrowthofrealGDPintheUnitedStatesfromthethirdquarterof2013tothethirdquarterof2024U.S.realGDPgrowthbyquarterQ22013-Q2202440%30%20%10%0%-10%-20%-30%-40%Q3

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'247Description:Asofthethirdquarterof2024,theGDPoftheU.S.grewby2.8percentfromthesecondquarterof2024.GDP,orgrossdomesticproduct,iseffectivelyacountofthetotalgoodsandservicesproducedinacountryoveracertainperiodoftime.Itiscalculatedbyfirstaddingtogetheracountry’stotalconsumerspending,governmentspending,investmentsandexports;andthendeductingthecountry’simports.Thevaluesinthisstatisticarethechangein‘constantprice’or‘real’GDP,which[...]ReadmoreNote(s):UnitedStates;2013to2024Source(s):BEAPercapitarealgrossdomesticproductoftheUnitedStatesfrom1990to2023(inchained2017U.S.dollars)U.S.percapitarealGDP202380,00070,00060,00050,00040,00030,00020,00010,0000'90

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'238Description:TherealgrossdomesticproductoftheUnitedStatesgrewto66,755chainedU.S.dollarsin2023.ThisreflectsaslightincreasefromthepreviousyearwhentherealpercapitaGDPwas65,420chainedU.S.dollars.Fortherecordedperiod,thelowestrealpercapitarealGDPwasin1991,at39,618chainedU.S.dollars.ReadmoreNote(s):UnitedStates;1990to2023Source(s):BEAForecastofthegrossdomesticproductoftheUnitedStatesfromfiscalyear2024tofiscalyear2034(inbillionU.S.dollars)U.S.GDPforecast2024-203445,00040,00041,645.740,106.4838,609.3737,156.5935,745.8534,374.7435,00030,00025,00020,00015,00010,0005,000033,043.0931,755.6930,503.5529,256.3828,176.6202420252026202720282029203020312032203320349Description:ThisgraphshowsaforecastofthegrossdomesticproductoftheUnitedStatesofAmericaforfiscalyears2024to2034.GDPreferstothemarketvalueofallfinalgoodsandservicesproducedwithinacountryinagivenperiod.AccordingtotheCBO,theUnitedStatesGDPwillincreasesteadilyoverthenextdecadefrom28.18trillionU.S.dollarsin2023to41.65trillionU.S.dollarsin2034.TheannualGDPoftheUnitedStatesforrecentyearscanbefoundhere.Also,viewthemonthlyinflation[...]

ReadmoreNote(s):UnitedStates;FY2023Source(s):USCongressionalBudgetOfficeCHAPTER

02GDPbysectorandindustryRealgrossvalueaddedtothegrossdomesticproductoftheUnitedStatesfrom1990to2023,bysector(inbillionchained2017U.S.dollars)U.S.realvalueaddedtoGDP1990-2023,bysectorValueaddedinbillionchained(2017)U.S.dollarsBusiness*Householdsandinstitutions6,000

8,000Generalgovernment**10,00002,0004,00012,00014,00016,00019901991199219931994199519961997199819992000200111Description:In2023,thebusinesssectorintheUnitedStatescontributedaround17.6trillionU.S.dollarstotherealGDPoftheUnitedStates.Thisisanincreasefromthepreviousyear,whenthebusinesssectoraddedaround17.1trillionU.S.dollars.

ReadmoreNote(s):UnitedStates;1990to2023;*Equalsgrossdomesticproductexcludinggrossvalueaddedofhouseholdsandinstitutionsandofgeneralgovernment.**Equalscompensationofgeneralgovernmentemployeesplusgeneralgovernment[...]

ReadmoreSource(s):BEA;USDepartmentofCommerceValueaddedtothegrossdomesticproductoftheUnitedStatesin2023,byindustry(inbillionU.S.dollars)U.S.valueaddedtoGDP2023,byindustryValueaddedinbillionU.S.dollars1,00002,0003,0004,0005,0006,000Finance,insurance,realestate,rental,andleasing5,656.5Professionalandbusinessservices3,543.9GovernmentManufacturing3,107.42,804.7Educationalservices,healthcare,andsocialassistance2,351.6Retailtrade1,738.5Wholesaletrade1,613.71,475.11,231.31,203.8970.5InformationArts,entertainment,recreation,accommodation,andfoodservicesConstructionTransportationandwarehousingOtherservices,exceptgovernmentUtilities597434.3380.9251.7MiningAgriculture,forestry,fishing,andhunting12Description:In2023,thefinance,realestate,insurance,rental,andleasingindustryaddedthemostvaluetotheGDPoftheUnitedStates.Inthatyear,thisindustryadded5.66trillionU.S.dollarstothenationalGDP.ReadmoreNote(s):UnitedStates;2023Source(s):BEA;USDepartmentofCommerceValueaddedtogrossdomesticproductacrosseconomicsectorsintheUnitedStatesfrom2000to2021(asashareofGDP)U.S.grossdomesticproductcontributions2000-2021,bysectorAgricultureIndustryServices100%90%80%70%60%50%40%30%20%10%0%2000

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202113/statistics/270001/distribution-of-gross-domestic-product-gdp-across-economic-sectors-in-the-usIn2021,theagriculturesectorcontributedaround0.94percenttotheGrossDomesticProduct(GDP)oftheUnitedStates.Inthatsameyear,17.61percentcamefromindustry,andtheservicesectorcontributedthemosttotheGDP,at76.4percent.

ReadmoreNote(s):UnitedStates;2000to2021Source(s):WorldBankValueaddedtothegrossdomesticproductbythemanufacturingindustryintheUnitedStatesfrom2000to2023(intrillionU.S.dollars)U.S.valueaddedtoGDPbymanufacturingindustry2000-20233.02.52.01.51.00.50.02000

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202314Description:In2023,thevalueaddedbythemanufacturingindustrytothegrossdomesticproductoftheUnitedStateswas2.8trillionU.S.dollars.Thisisaslightincreasefromthepreviousyear,when2.79trillionU.S.dollarswereaddedtotheGDPbythemanufacturingindustry.ReadmoreNote(s):UnitedStates;2000to2023Source(s):BEATechsectorasapercentageoftotalgrossdomesticproduct(GDP)intheUnitedStatesfrom2017to2023TechGDPasapercentoftotalGDPintheU.S.2017-202312%10.5%10.2%10%10%8%6%4%2%0%9.3%9.2%8.9%8.8%201720182019202020212022202315Description:In2023,theUnitedStatestechsectorcontributednearlytwotrillionU.S.dollarstothecountry'soverallgrossdomesticproduct(GDP),makingupapproximately8.9percentoftotalGDP.Since2018,thetechsector'syearlypercentageoftotalGDPhasremainedrelativelyconsistent.ReadmoreNote(s):UnitedStates;2017to2023Source(s):BureauofLaborStatistics;CompTIA;EmsiValueaddedtothetotaleconomy(GDP)bythedigitaleconomyintheUnitedStatesin2022,byindustry(inmillionU.S.dollars)U.S.digitaleconomyvalueaddedtoGDP2022,byindustryValueaddedinmillionU.S.dollars0200,000400,000600,000800,0001,000,0001,200,000MiningUtilitiesConstruction525725437Manufacturing219,317Wholesaletrade502,217Retailtrade193,289TransportationandwarehousingInformation11,4931,024,193Financeandinsurance6,395607RealestateandrentalandleasingProfessionalandbusinessservicesEducationalservices,healthcare,andsocialassistanceArts,entertainment,recreation,accommodation,andfoodservicesOtherservices,exceptgovernmentGovernment575,87716,1338497,04210,40016Description:In2021,thedigitaleconomyadded984billionU.S.dollarsincurrent-dollarvaluetotheinformationindustry,mostnotablyinthesub-segmentofbroadcastingandtelecommunications.Wholesaletradewasrankedsecond,with453billionU.S.dollarsindigitaleconomyvalueaddduringthemeasuredperiod.ReadmoreNote(s):UnitedStates;2022;currentdollarSource(s):BEAServicesectorvalueaddedtothegrossdomesticproductoftheUnitedStatesin2023,byindustry(inbillionU.S.dollars)U.S.valueaddedtoGDPbyservicessector2023,byindustryValueaddedinbillionU.S.dollars05001,0001,5002,0002,5003,0003,5004,000RealestateandrentalandleasingProfessional,scientific,andtechnicalservicesHealthcareandsocialassistanceFinanceandinsurance3,668.242,182.022,035.981,988.231,738.461,613.661,475.15RetailtradeWholesaletradeInformationTransportationandwarehousingAccommodationandfoodservicesAdministrativeandwastemanagementservicesOtherservices,exceptgovernmentManagementofcompaniesandenterprisesUtilities970.55913.93856.38597.02505.51434.34317.34315.65Arts,entertainment,andrecreationEducationalservices17Description:AmongtheservicesectorintheUnitedStates,therealestate,rentalandleasingindustryaddedthemostvaluetotheGDPin2023.Inthatyear,thisindustryadded3.67trillionU.S.dollarstothenationalGDP.ꢀGrossdomesticproductisameasureofhowmuchacountryproducesinacertainamountoftime.CountrieswithahighGDPtendtohavelargeeconomies,forexample,theUnitedStates.However,GDPdoesnottakeintoconsiderationthecostoflivingandinflationrates,soitcannot[...]

ReadmoreNote(s):UnitedStates;2023Source(s):BEA;USDepartmentofCommerceValueaddedtogrossdomesticproductbytheconstructionindustryintheUnitedStatesfrom2000to2023(inbillionU.S.dollars)U.S.valueaddedtoGDPbyconstructionindustry2000-20231,4001,2001,00080060040020002000

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202318/statistics/785445/value-added-by-us-constructionIn2023,thevalueaddedtothegrossdomesticproduct(GDP)oftheUnitedStatesbytheconstructionindustrywasaround1.2trillionU.S.dollars.Thiswasanincreasefromthepreviousyearwhen1.09billionU.S.dollarswereaddedtotheGDP.

ReadmoreNote(s):UnitedStates;2000to2023Source(s):BEACHAPTER

03GDPbystateGrossdomesticproductoftheUnitedStatesin2023,bystate(inbillioncurrentU.S.dollars)U.S.grossdomesticproduct2023,bystateGDPinbillioncurrentU.S.dollars1,500

2,00005001,0002,5003,0003,500CaliforniaTexas3,233.152,032.93NewYorkFlorida1,775.711,279.12IllinoisPennsylvaniaOhio875.57789.5698.22WashingtonGeorgiaNewJerseyNorthCarolinaMassachusettsVirginia672.13661.11656.48625.68615.15590.820Description:Thegrossdomesticproduct(GDP)ofCaliforniawasabout3.23trillionU.S.dollarsin2023,meaningthatitcontributedthemostoutofanystatetothecountry’sGDPinthatyear.Incontrast,VermonthadthelowestGDPintheUnitedStates,with35.07billionU.S.dollars.ꢀWhatisGDP?Grossdomesticproduct,orGDP,isthetotalmonetaryvalueofallgoodsandservicesproducedbyaneconomywithinacertaintimeperiod.GDPisusedbyeconomiststodeterminetheeconomichealthof[...]

ReadmoreNote(s):UnitedStates;2022Source(s):BEARealgrossdomesticproduct(GDP)oftheUnitedStatesin2023,bystate(inbillionchained2017U.S.dollars)U.S.realgrossdomesticproduct2023,bystateRealGDPinbillionchained(2017)U.S.dollars05001,0001,5002,0002,5003,0003,500CaliforniaTexas3,248.662,097.09NewYorkFlorida1,791.211,292.79Illinois885.65PennsylvaniaOhio799.23709.82678.2GeorgiaWashingtonNewJerseyNorthCarolinaMassachusettsVirginia677.24663.89638.07615.5597.621Description:In2023,thestateofCaliforniaaddedabout3.2trillionchained(2017)U.S.dollarsofvaluetotheU.S.realgrossdomesticproduct(GDP).TotalrealGDPamountedtoabout22.7trillionchained(2017)U.S.dollars.

ReadmoreNote(s):UnitedStates;2023Source(s):BEAPercentchangeintherealgrossdomesticproductoftheUnitedStatesin2023,bystateU.S.realGDPgrowth2023,bystatePercentchangecomparedtoprecedingperiod3%

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5%0%1%2%6%7%8%9%NorthDakotaTexasOklahomaNewMexicoAlaskaWyomingWashingtonLouisianaWestVirginiaColoradoFlorida7.8%7.4%7.2%6.8%6.5%6.3%5.1%5%4.7%4.4%4.3%NebraskaMontana4%3.9%22Description:ThestateofNorthDakotaexperiencedthemostsignificantgrowthinrealGDPin2023,growing7.8percentwhencomparedto2022.TexasandOklahomaalsoexperiencedgrowthatormorethansevenpercent.

ReadmoreNote(s):UnitedStates;2021to2023Source(s):BEARealgrossdomesticproductofCaliforniaintheUnitedStatesfrom2000to2023(inbillionU.S.dollars)U.S.realGDPofCalifornia2000-20233,5003,3003,1002,9002,7002,5002,3003,233.153,167.463,146.192,962.792,925.152,850.972,740.552,427.892,357.452,256.052,179.232,113.12,061.642,041.192,063.832,036.022,1001,9001,7001,5002,002.441,926.841,850.91,995.441,7901,722.521,696.117,692.322000

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202323Description:In2023,therealgrossdomesticproduct(GDP)ofCaliforniawas3.23trillionU.S.dollars.Thisisaslightincreasefromthepreviousyear,whenthestate'sGDPstoodat3.23trillionU.S.dollars.

ReadmoreNote(s):UnitedStates;2000to2023Source(s):BEARealgrossdomesticproductofTexasfrom2000to2023(inbillionU.S.dollars)U.S.realGDPofTexas2000-20232,3002,1001,9001,7001,5001,3002,032.931,924.011,873.471,772.191,802.911,746.541,667.311,605.19,619.951,529.621,484.71,421.181,353.61,309.961,286.119,282.019,277.31,228.551,141.371,109.481,043.517,050.611,020.54995.661,1009007005002000

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202324Description:In2023,therealgrossdomesticproduct(GDP)ofTexaswas2.03trillionU.S.dollars.Thisisanincreasefromthepreviousyear,whenthestate'srealGDPstoodat1.92trillionU.S.dollars.

ReadmoreNote(s):UnitedStates;2000to2023Source(s):BEARealgrossdomesticproductofNewYorkintheUnitedStatesfrom2000to2023(inbillionU.S.dollars)U.S.realGDPofNewYork2000-202320,00018,00016,00014,00012,00010,0008,00017,757.1417,635.2517,244.7216,505.6717,097.5116,651.8716,248.016,0004,0001,277.417,279.513,328.213,329.318,353.411,373.614,403.231,144.113,168.819,199.218,208.516,190.018,230.672,000

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202325Description:In2023,therealgrossdomesticproduct(GDP)ofNewYorkwasabout1.78trillionU.S.dollars.Thisisaslightincreasefromthepreviousyear,whenthestate'sGDPstoodat1.76trillionU.S.dollars.

ReadmoreNote(s):UnitedStates;2000to2023Source(s):BEARealgrossdomesticproductofFloridaintheUnitedStatesfrom2000to2023(inbillionU.S.dollars)U.S.realGDPofFlorida2000-20231,3501,2501,1501,0509501,279.121,218.431,164.781,079.271,068.381,050.431,014.87881.54852.24817.23794.84775.04772.02778.55850.05839.96815.76769.14722.37689.97816.07769.06850750650550660.66642.712000

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202326Description:In2023,therealgrossdomesticproduct(GDP)ofFloridawasabout1.28trillionU.S.dollars.Thisisanincreasefromthepreviousyear,whenthestate'sGDPstoodataround1.22trillionU.S.dollars.

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04GDPbymetropolitanareaRealgrossdomesticproductoftheUnitedStatesin2023,bymetropolitanarea(inmillionchained2017U.S.dollars)U.S.realGDP2023,bymetroareaRealGDPinmillionchained(2017)U.S.dollars02004006008001,0001,2001,4001,6001,8002,0002,200NewYork-Newark-JerseyCity,NY-NJ-PALosAngeles-LongBeach-Anaheim,CAChicago-Naperville-Elgin,IL-IN-WI1,905.241,075.06725.75SanFrancisco-Oakland-Berkeley,CADallas-FortWorth-Arlington,TXWashington-Arlington-Alexandria,DC-VA-MD-WVHouston-TheWoodlands-SugarLand,TXBoston-Cambridge-Newton,MA-NHSeattle-Tacoma-Bellevue,WA681.89613.38600.17550.8515.39487.77Atlanta-SandySprings-Alpharetta,GAPhiladelphia-Camden-Wilmington,PA-NJ-DE-MDMiami-FortLauderdale-PompanoBeach,FLSanJose-Sunnyvale-SantaClara,CA471.66459.53431.88392.4628Description:TheNewYork-Newark-JerseyCitymetroareahadthehighestrealGDPin2023,totalingaround1.91billionU.S.dollars.TheLosAngeles-LongBeach-AnaheimmetroareaalsohadahighrealGDPofaround1.08billiondollars.Thisstatisticonlycontainsthetop100metroareasbyrealGDP.ReadmoreNote(s):UnitedStates;2023;*Onlythe100leadingmetropolitanareasareshownhere.Therealestimatesofgrossdomesticproduct(GDP)bymetropolitanareaaremeasuredinchained(2017)dollars.RealGDPbymetropolitanareaisan[...]

ReadmoreSource(s):BEAGDPoftheNewYorkmetroareaintheUnitedStatesfrom2001to2023(inbillionchained2017U.S.dollars)U.S.NewYorkmetroareaGDP2001-20232,0001,9001,8001,7001,6001,5001,905.241,870.251,823.941,803.711,766.291,714.071,740.11,486.751,453.551,429.381,408.541,400.781,4001,3001,2001,1001,346.415,346.881,303.021,299.241,288.491,281.771,253.181,221.681,194.011,197.121,191.032001

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202329Description:In2023,theGDPoftheNewYorkmetroareaamountedto1.9trillionchained2017U.S.dollars.Thisisanincreasefrom2021,whentheGDPoftheNewYorkmetroareawas1.82trilliondollars.ꢀNewYorkCityTheNewYorkmetroarea’sGDPhassteadilyriseninthelasttwodecadesfrom1.2trillionU.S.dollarsin2001to1.91trillionU.S.dollarsin2023.InSeptember2023,theNewYork-Newark-JerseyCityareahadanunemploymentrateof4.4percent.Italsohadthehighestpopulationin[...]

ReadmoreNote(s):UnitedStates;2001to2023Source(s):BEAGDPoftheLosAngelesmetroareaintheUnitedStatesfrom2001to2023(inbillionchained2017U.S.dollars)U.S.LosAngelesmetroareaGDP2001-20231,1501,0509501,075.061,060.51,042.011,024.82991.25965.28981.31851.2835.96803.96850784.82770.62759.14762.21754.28746.82750.12729.62750650550717.8696.49673.63645.85632.422001

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202330Description:In2023,therealGDPoftheLosAngelesmetroareaamounttoaround1.08trillionU.S.dollars,andincreaseafter2021.ꢀTheoverallquarterlyGDPgrowthintheUnitedStatescanbefoundhere.GrossdomesticproductofLosAngelesWithapopulationofover12.8millioninhabitantsin2023,LosAngelesisthesecond-largestcityinAmerica,followingonlyNewYork.TheLosAngelesmetroareaalsorankedsecondamongU.S.metroareasintermsofgrossmetropolitanproduct,second[...]

ReadmoreNote(s):UnitedStates;2001to2023Source(s):BEAGDPoftheChicagometroareaintheUnitedStatesfrom2001to2023(inbillionchained2017U.S.dollars)U.S.ChicagometroareaGDP2001-2023750700650725.75705.66697.33696.36691.19674.57659.81600.35598.22600585.49572.14570.95571.81563.77560.76556.7550.33547.91540.79539.22550500450525.12516.78513.552001

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202331Description:In2023,theGDPoftheChicago-Naperville-Elginmetropolitanareaamountedto725.75billionchained2017U.S.dollars.ꢀTheGDPoftheUnitedStatessince1990canbeaccessedhere.

ReadmoreNote(s):UnitedStates;2001to2023Source(s):BEAGDPoftheSanFranciscoBayAreaintheUnitedStatesfrom2001to2023(inbillionchained2017U.S.dollars)U.S.SanFranciscoBayAreaGDP2001-2023750700650600550500450681.89655.89654.73590.72591.15560.55526.58447.06422.32399.52400377.15364349.24335.82335.78337.52331.14

333350300250322.15308.08309.3305.36301.362001

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202332Description:In2023,theGDPoftheSanFranciscoBayAreaamountedto681.89billionU.S.dollars,anincreasefromthepreviousyear.ꢀTheoverallquarterlyGDPgrowthintheUnitedStatescanbefoundhere.

ReadmoreNote(s):UnitedStates;2001to2023Source(s):BEAGDPoftheDallas-FortWorthmetropolitanareaintheUnitedStatesfrom2001to2023(inbillionchained2017U.S.dollars)U.S.Dallas-FortWorthmetroareaGDP2001-2023650600550500613.38592.45560.29525.85519.28506.22483.73435.5450400350300250200422.05402.79388.54377.85365.6357.23354.61352.86346.16342.71317.44302.02285.52281.69273.532001

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202333Description:In2023,theGDPoftheDallas-FortWorthmetroareaamountedtoaround613.38U.S.dollars,anincreaseonthepreviousyear.

ReadmoreNote(s):UnitedStates;2001to2023Source(s):BEACHAPTER

05InternationalcomparisonUnitedStates'shareofglobalgrossdomesticproduct(GDP)adjustedforpurchasingpowerparity(PPP)from2019to2029UnitedStatesshareofglobalgrossdomesticproduct(GDP)202918%15.96%15.87%15.85%15.65%15.56%15.5%16%14%12%10%8%15.3%15.14%14.99%14.86%14.72%6%4%2%0%201920202021202220232024*2025*2026*2027*2028*2029*35Description:In2023,theUnitedStatesaccountedfor15.56percentofglobalgrossdomesticproduct(GDP)afteradjustingforpurchasingpowerparity(PPP).Thissharewasexpectedtodecreaseto14.72percentby2029,whichisroughlyaseventhoftheglobaltotal.ꢀWhatisPPP?TheeasiestwaytounderstandpurchasingpowerparityistheBigMacIndex,ameasuredevelopedbyTheEconomist.TheindextracksthepriceoftheMcDonald’sBigMacburger,soldateachofitsthousandsofrestaurants[...]

ReadmoreNote(s):UnitedStates;*Estimate.Valueshavebeenroundedtoprovideabetterunderstandingoft

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