GDPC1Real GDP (GDPC1) — Current Value & Historical Data
Real GDP (GDPC1) Chart & Data Table
Gray bands: NBER recessions
What is Real GDP (GDPC1)?
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 GDP (GDPC1) Value
As of January 1, 2026, the current real gross domestic product is 24180.42 Billions of Chained 2017 Dollars. This is the most recent observation available for this series, updated quarterly.
Real GDP Historical Trend
Real Gross Domestic Product rose 0.52% quarter-over-quarter. Over the past year, real gross domestic product rose 2.68% from January 2025. In the series' tracked history, the highest recorded value was 24180.42 (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
Notes
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...
Frequently Asked Questions About Real GDP (GDPC1)
What is the current real gross domestic product?
As of January 1, 2026, real gross domestic product stands at 24180.42 Billions of Chained 2017 Dollars.
Where does real gross domestic product data come from?
Real 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 real 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 real gross domestic product?
In the available data, the highest value was 24180.42 Billions of Chained 2017 Dollars in January 2026, and the lowest was 2172.43 Billions of Chained 2017 Dollars in July 1947.
How has real gross domestic product changed over the past year?
Over the past year, real gross domestic product increased 2.68%.
See Real GDP in context
GDPC1 is tracked on the Economic Snapshot dashboard, alongside related indicators and historical context.
View the Economic Snapshot dashboard →Related government-spending dashboards
How Real 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.
Compare Real GDP with related indicators
See how Real GDP stacks up against related series in a side-by-side chart and explainer:
Real GDP vs Potential GDP (Output Gap)
The Congressional Budget Office estimates what the U.S. economy could produce at full employment and stable inflation. The gap between actual real GDP and that estimate is the output gap.
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.