GDPC1Real Gross Domestic Product — Current Value & Historical Data
Gray bands: NBER recessions
What is Real Gross Domestic Product?
Real Gross Domestic Product measures U.S. economic output adjusted for inflation, expressed in chained 2017 dollars and published quarterly by the Bureau of Economic Analysis. Real GDP growth is the standard gauge of economic expansion or contraction — the figure referenced as 'GDP growth' in news coverage, budget projections, and monetary-policy statements. Two consecutive quarters of negative real GDP growth is often cited as a rule-of-thumb recession definition, though the National Bureau of Economic Research (NBER) — the official dating authority — uses a broader set of indicators. Real GDP contracted 2.2% in 2020 during the pandemic, expanded 5.8% in 2021 during the rapid post-pandemic recovery, and has grown in the 2 to 3% range in recent years, near most economists' estimates of the long-run sustainable growth rate.
Current Real Gross Domestic Product Value
As of January 1, 2026, the current real gross domestic product is 24152.66 Billions of Chained 2017 Dollars. This is the most recent observation available for this series, updated quarterly.
Historical Trend
Real Gross Domestic Product rose 0.40% quarter-over-quarter. Over the past year, real gross domestic product rose 2.57% from January 2025. In the series' tracked history, the highest recorded value was 24152.66 (January 2026), and the lowest was 2172.43 (July 1947).
Methodology & Source
Source: Federal Reserve Economic Data (FRED)
Frequency: Quarterly
Units: Billions of Chained 2017 Dollars
BEA Account Code: A191RX Real gross domestic product is the inflation adjusted 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 (NIPA). For more information...