Economy of Different Countries

| COMPONENTS OF NATIONAL INCOMEUnited States GDPThe Gross Domestic Product (GDP) in the United States was worth 15094.00 billion US dollars in 2011, according to a report published by the World Bank. The GDP value of the United States is roughly equivalent to 24.35 percent of the world economy. Historically, from 1960 until 2011, the United States GDP averaged 5525.33 Billion USD reaching an all time high of 15094.00 Billion USD in December of 2011 and a record low of 520.53 Billion USD in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page includes a chart with historical data for the United States GDP. |

| United States GDP Annual Growth RateThe Gross Domestic Product (GDP) in the United States expanded 2.3 percent in the third quarter of 2012 over the same quarter of the previous year. Historically, from 1948 until 2012, the United States GDP Annual Growth Rate averaged 3.22 Percent reaching an all time high of 13.40 Percent in December of 1950 and a record low of -4.60 Percent in June of 2009. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for the United States GDP Annual Growth Rate. |

United States GDP Growth Rate

The Gross Domestic Product (GDP) in the United States expanded 2.00 percent in the third quarter of 2012 over the previous quarter. Historically, from 1947 until 2012, the United States GDP Growth Rate averaged 3.25 Percent reaching an all time...