GDPUS Nominal GDP (GDP) — Current Value & Historical Data
US Nominal GDP (GDP) Chart & Data Table
Gray bands: NBER recessions
What is US Nominal GDP (GDP)?
U.S. Gross Domestic Product (GDP) is the total dollar value of all final goods and services produced within the United States during a given period, published quarterly by the Bureau of Economic Analysis. Nominal GDP measures output at current-period prices — not adjusted for inflation — and is the denominator in the debt-to-GDP ratio, revenue-to-GDP comparisons, and other fiscal sustainability metrics. BEA releases three estimates for each quarter: an advance release about one month after quarter-end, a second estimate, and a third estimate, each incorporating more complete source data. Benchmark revisions every five years reconcile GDP against the underlying industry and tax-return source data. U.S. nominal GDP crossed $28 trillion in 2024, more than triple the $9 trillion level in 2000.
Current US Nominal GDP (GDP) Value
As of January 1, 2026, the current gross domestic product is 31865.72 Billions of Dollars. This is the most recent observation available for this series, updated quarterly.
US Nominal GDP Historical Trend
Gross Domestic Product rose 1.41% quarter-over-quarter. Over the past year, gross domestic product rose 6.07% from January 2025. In the series' tracked history, the highest recorded value was 31865.72 (January 2026), and the lowest was 243.16 (January 1947).
Methodology & Source
Source
Bureau of Economic Analysis
Frequency
Quarterly
Units
Billions of Dollars
Notes
BEA Account Code: A191RC Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States.For more information, see the Guide to the National Income and Product Accounts of the United States ...
Frequently Asked Questions About US Nominal GDP (GDP)
What is the current gross domestic product?
As of January 1, 2026, gross domestic product stands at 31865.72 Billions of Dollars.
Where does gross domestic product data come from?
Gross Domestic Product data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is gross domestic product updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for gross domestic product?
In the available data, the highest value was 31865.72 Billions of Dollars in January 2026, and the lowest was 243.16 Billions of Dollars in January 1947.
How has gross domestic product changed over the past year?
Over the past year, gross domestic product increased 6.07%.
See US Nominal GDP in context
GDP is tracked on the Economic Snapshot dashboard, alongside related indicators and historical context.
View the Economic Snapshot dashboard →Related government-spending dashboards
How US Nominal GDP connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
Federal revenue, spending, and the resulting surplus or deficit over time.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2024)
Net outlays by federal agency for FY 2019 and FY 2024, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.
Related Indicators
Compare US Nominal GDP with related indicators
See how US Nominal GDP stacks up against related series in a side-by-side chart and explainer:
Federal Debt vs GDP
Federal debt grows faster than GDP during recessions and large fiscal expansions. Comparing the two shows whether the debt burden is rising or falling relative to the economy.
Real vs Nominal GDP
Nominal GDP measures output in current dollars; real GDP holds the price level constant. The growing gap between them is inflation accumulating year after year.