United States

GDP growth, year over year

GDP growth tracks how quickly inflation-adjusted output is expanding or contracting. It is the headline pace measure for business cycles, slowdowns, recoveries, and recessions.

FrequencyannualTransformyoy

Source: World Bank · NY.GDP.MKTP.KD.ZG:US

Stored official data

GDP growth, year over year - United States in United States was 2.79% on January 1, 2024, lower by 0.09% (-3.3%) from the prior observation. Charted from annual observations in %.

Latest2.79%
YoY-3.27%
10Y Avg2.49%
Latest observationJanuary 1, 2024

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Chart appearance

Overlays & outputNBER bandsAuto Y
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GDP growth, year over year - United States time series chart. Showing observations from 1961 to 2024. Latest value 2.79%.

Min-2.58%
Mean3.02%
Max7.24%
Latest observationJanuary 1, 2024

Source evidence

Tier 1 - critical
Source
World Bank Open Data
Native key
NY.GDP.MKTP.KD.ZG:US
Freshness
Stored · 2024-01-01
History
Current only
Reuse
Attribution allowed

Research notes

83 · Acceptable
Comparability
4 notes
Quality
4/6 strong
Citation
Retrieved Jun 15, 2026

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Series details, provenance, and revision toolsMetadata, release notes, revision history, and related series.

Series details

CategoryEconomy & Growth
FrequencyAnnual
Unit%
Latest observationJanuary 1, 2024
Platform last fetchJune 15, 2026
Transformslevel, yoy, index 100
About this series

GDP growth (annual %)

The reading right now

As of January 2024, GDP growth, year over year for United States stood at 2.79%. That is down 0.09 percentage points from the prior year. Over the trailing five years, the series has averaged 2.44%, ranging from a low of -2.16% in January 2020 to a high of 6.06% in January 2021. The current reading sits 0.3 percentage points above its trailing ten-year mean of 2.49%.

Computed from the observation series on this page. Numbers update when the underlying provider revises the data.