It's been a record 13 straight years without reaching 3% real gross domestic product growth. and over 1 Mio. Please authenticate by going to "My account" → "Administration". Across the 16 years from 1998 to 2014, the small business share of GDP has fallen from 48.0 percent to 43.5 percent. Most interestingly, the gap between China and the United States is narrowing — and in nominal terms, China’s economy is now 66.4% the size. The Great Depression was the worst economic period in American history. $) Share in 2019 (%) Rank PPP/Nom; 2018 2019 Change N. America World N. America World; Antigua and Barbuda: 2.583 Manufacturers help to drive the United States economy, with $1,397.03 billion in manufactured goods exports in 2018. ^ This excludes the U.S. territories. Corporate solution including all features. Upgrade now. Federal spending data begins in 1792. The United States experienced some of its best years of job gains in 2014 and 2015 in Obama’s second term when the economy added more than 225,000 jobs a … Register in seconds and access exclusive features. Find Out . US real GDP growth by year took a nosedive and the whole country was plunged into despair, with thousands of people losing their jobs and their fortunes.. It’s difficult to pin down one event as the cause of this severe economic downturn. The Gross Domestic Product (GDP) in the United States was worth 21427.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. US Real GDP Growth 1980-2020. It's an increase of 0.03 percentage points from the third quarter second estimate. BEA, & US Department of Commerce. Please do not hesitate to contact me. For all of 2019, economic growth came in at 2.3% — … Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Euro to British pound monthly exchange rate 2014-2020, Forecasted effect of Brexit on real GDP in the United Kingdom (UK) 2018-2023, Post-Brexit currency exchange rates of Pound Sterling to Euro. Healthcare spending as a percentage as of the US GDP has plateaued. State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018. Washington, DC—The arts and cultural sector contributed $804.2 billion or 4.3 percent to the nation’s gross domestic product (GDP) in 2016.This represents an increase of .1 percent from 2015 when economists reported that the sector added 4.2 percent or $763.6 billion to the U.S. economy. The US GDP during 1980 was $2,857 billion and GDP per capita was $12,553. Detailed table of spending data sources here. Accessed January 11, 2021. https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/, BEA, and US Department of Commerce. December 16, 2019, 10:00 AM. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. "Percentage Added to The Gross Domestic Product (Gdp) of The United States of America in 2019, by Industry (as a Percentage of Gdp). 1960-2019 Data | 2020-2021 Forecast | Historical | Chart | News. You only have access to basic statistics. The percent change in real GDP ranged from 62.5 percent in Greensville + Emporia, VA, to … U.S. gross domestic product grew at a 2.1% annual rate in the final quarter of last year, the Commerce Department said on Thursday. The US has come close, hitting 2.9% growth in 2018, but America hasn't hit a real GDP … Statista. The U.S. economy grew at a 2.3 percent pace in 2019, according to the Bureau of Economic Analysis (BEA), the lowest rate of growth in Donald Trump's presidency. U.S. gross domestic product grew at a 2.1% annual rate in the final quarter of last year, the Commerce Department said on Thursday. North Carolina GDP was $591,601,000,000 in 2019. In 2019, military spending accounted for 3.4% of U.S. GDP. That was … Total output from manufacturing was $2,334.60 billion in 2018. Global real GDP growth slipped to 2.5 per cent in 2019, the lowest level since the financial crisis of 2008 and 2009. North Carolina GDP represents 2.76% of US GDP which made it the 12th largest economy in the nation in 2019. The period from which the weights for a measurement series are derived. While America’s economy has grown for over a decade, that growth is increasingly concentrated in 1% of … GDP Growth Rate in the United States averaged 3.16 percent from 1947 until 2020, reaching an all time high of 33.40 percent in the third quarter of 2020 and a record low of -31.40 percent … It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. While 12 percent of Americans live in California, the state contributed 14.6 percent to GDP in 2018. 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. The Gross Domestic Product (GDP) in China was worth 14342.90 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Gross Domestic Product (GDP), by state 2019, GVA distribution in India FY 2019 by sector, Annual U.S. GDP growth, by quarter 2010-2020, Annual growth of the real GDP in Virginia 2000-2019, Percentage added to the Gross Domestic Product (GDP) of the United States of America in 2019, by industry (as a percentage of GDP), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, Finance, insurance, real estate, rental, and leasing, Educational services, health care, and social assistance, Arts, entertainment, recreation, accommodation, and food services, Agriculture, forestry, fishing, and hunting. The output of America’s farms contributed $136.1 billion of this sum—about 0.6 percent of GDP. US gross domestic product grew at a robust rate in the first quarter of 2019, the Bureau of Economic Analysis said in its latest report on the American economy, released Friday. Manufacturers in the United States account for 11.39% of the total output in the economy, employing 8.51% of the workforce. IMF estimates the US GDP per capita to be $64,767 during 2019 and $66,900 during 2020. This graph shows the value added to the Gross Domestic Product (GDP) of the United States of America as a percentage of GDP in 2019, by industry. Real dollar values expressed in chained dollars. What may not be obvious, however, is that since 2009 the total debt outstanding in the US (including consumer, business, and government debt) has actually dropped when compared to GDP. Then you will be able to mark statistics as favourites and use personal statistics alerts. US GDP Per Capita 1980-2020. Percentage added to the Gross Domestic Product (GDP) of the United States of America in 2019, by industry (as a percentage of GDP) [Graph]. China was the world's second-largest military spender in 2019, accounting for 14% of total global expenditure. Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Households, 2015-2019: 120,756,048: Persons per household, 2015-2019: 2.62: Living in same house 1 year ago, percent of persons age 1 year+, 2015-2019: 85.8%: Language other than English spoken at home, percent of persons age 5 years+, 2015-2019: 21.6%: Computer and Internet Use Total tax revenues as a percentage of GDP were about 18% in 2015. State and local spending data begins in 1820. GDP United States third quarter of 2020 GDP rises 2% in United States in third quarter Gross … Small businesses comprised 96.60% percent of … New, Everything you need to know about the industry development, Find studies from all around the internet. Please refer to the dataset Gross domestic product (GDP), 2019 archive to access longer time series based on the methodology prior to the 2019 benchmark revisions. Gross Domestic Product by County, 2019 Real gross domestic product (GDP) increased in 2,484 counties, decreased in 612 counties, and was unchanged in 17 counties in 2019. This feature is limited to our corporate solutions. Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the third quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. A substantial drop of the GDP growth rate, to -4.3 per cent, is nowcast for 2020 in the face of the COVID-19 pandemic. The data presented covers projections of real GDP growth, characterizing each country's output of final goods … facts. Please note that OECD reference year from 2010 to 2015 changed on Tuesday 3rd of December, 2019. The United States remained by far the world's largest spender in 2019 with $732 billion, nearly as … GDP (current US$) - European Union, United States, China from The World Bank: Data. A. Defence spending is falling in percentage terms even though all military purchases are now subject to GST They are rounded to the nearest billion. US Wholesale Inventories Revised to a Flat Reading, US Jobless Rate Remains Well Above Pre-Pandemic Levels, US Average Hourly Earnings Rise More than Expected, ISM Non-Manufacturing PMI at 3-Month High, Egypt Inflation Rate Eases to 5.4% in December, FDI into the Philippines Smallest in 6 Months, Brazilian Shares Finish at New Record High. Read more about Budget 2019: Govt allots Rs 4.3 trn for defence, down to nearly 2% of GDP on Business Standard. The latest number compares with 13.4% for real estate, 12.8% for professional and business services and 12.3% for governments, according to the figures on GDP by industry. GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. New, Figures and insights about the advertising and media world, Industry Outlook Among G7 countries from the second quarter of 2018 to the second quarter of 2019 (the latest comparable, available data), the United States is the only country with an annual GDP … Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook All other spending data comes from the US Census Bureau. While healthcare spending continues to grow, the United States GDP has grown at a similar rate. source: World Bank 10Y 25Y Then you can access your favorite statistics via the star in the header. April 6, 2020. Are you interested in testing our corporate solutions? U.S. gross domestic product (GDP) is the market value of the goods and services produced by labor and property located in the United States. The current U.S. gross domestic product (GDP) growth rate is 33.4% for the third quarter of 2020. The GDP value of the United States represents 17.65 percent of the world economy. US GDP as a percentage of World GDP: Formula: US GDP * 100.00 / World GDP: Historical Data. Please refer to the dataset Gross domestic product (GDP), 2019 archive to access longer time series based on the methodology prior to the 2019 benchmark revisions. 14  Q4: 2.4% The fourth quarter of 2019 saw a 2.4% increase, just slightly higher than the BEA's original estimates of …   Note that the figures reported are real GDP. U.S. gdp growth rate for 2019 was 2.33%, a 0.85% decline from 2018. Gross … The second list presents this as a share of the general government expenditure. The Trading Economics Application Programming Interface (API) provides direct access to our data. Consumer spending contributes almost 70% of the total United States production. (April 6, 2020). California would be the fifth largest economy in the world. Profit from additional features by authenticating your Admin account. 2019 Quarterly GDP Real GDP grew 2.3% in 2019. US GDP Growth Rate table by year, historic, and current data. India, Japan, and Indonesia are third, fourth and fifth largest contributer, respectively. "Percentage added to the Gross Domestic Product (GDP) of the United States of America in 2019, by industry (as a percentage of GDP)." $59 per month* The above 15 economies represent a whopping 75% of total global GDP, which added up to $85.8 trillion in 2018 according to the World Bank. According to the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), every state saw increased total energy expenditures and total energy expenditures as a percentage of gross domestic product (GDP) in 2017 compared with the previous year. and over 1 Mio. That's according to the third quarter third estimate from the Bureau of Economic Analysis (BEA). Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2019 about receipts, federal, GDP, and USA. Percentages for states are determined from the version of the count that excludes territories (21,729,124 million). In, BEA, und US Department of Commerce. The current base year for GDP calculations is 2012. The national income and product accounts (NIPAs) currently use the year 2000 as the base period. Three years after Donald Trump campaigned for president pledging a factory renaissance, the opposite appears to be happening. Louisiana GDP represents 1.20% of US GDP which made it the 24th largest economy in the nation in 2019. 1920–1939: The Roaring Twenties and the Great Depression. A secular trend of borrowing. The gross domestic product (GDP) measures of national income and output for a given country's economy. The output of America’s farms contributed $136.1 billion of this sum—about 0.6 percent of GDP. Data source is International Monetary Fund World Economic Outlook (October-2018). United States Export Facts. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Please note that OECD reference year from 2010 to 2015 changed on Tuesday 3rd of December, 2019. Learn more about how Statista can support your business. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In addition, there were an average of 12.8 million manufacturing employees in the United States in 2018, with an average annual compensation of $84,832.13 in 2017. The chart below provides the US GDP per capita data from 1980 to 2020. ", BEA & US Department of Commerce, Percentage added to the Gross Domestic Product (GDP) of the United States of America in 2019, by industry (as a percentage of GDP) Statista, https://www.statista.com/statistics/248004/percentage-added-to-the-us-gdp-by-industry/ (last visited January 11, 2021), Percentage added to the Gross Domestic Product (GDP) of the United States of America in 2019, by industry, UK economic and financial indicators post Brexit referendum, Forecasted effect of Brexit on real GDP in the United Kingdom (UK) in 2030, Forecasted effect of Brexit on GBP per household in the United Kingdom (UK) in 2030, Monthly development of the FTSE 100 Index capital return 2016-2020, Monthly development of the FTSE 250 Index (capital return) 2015-2020, Reaction of stock exchanges to Brexit 2016, Monthly Consumer Confidence Index (CCI) in the UK 2015-2017, Monthly Consumer Confidence Index (CCI) in the UK 2015-2016, Monthly Consumer Confidence Index (CCI) in the EU 2015-2017, Business Confidence Index (BCI) in the UK 2018-2020, Forecasted EUR GBP exchange rate profiles under different Brexit scenarios 2016-2019, Post-Brexit: forecasted losses in UK total exports by main EU market 2015, Post-Brexit: forecasted losses in total UK exports 2015, by scenario and sector, Potential cost of EU tariffs on food exports from UK to European Union (EU) in 2015, Producer Price Index (PPI) of the United Kingdom 1996-2019, Quarterly Producer Price Index (PPI) of the United Kingdom 2000-2020, Producer Price Index (PPI) UK - input prices (excl. View and export this data back to 1960. Data Source: National Health Expenditure Accounts, Centers for Medicare & Medicaid Services Update, Insights into the world's most important technology markets, Advertising & Media Outlook The above 15 economies represent a whopping 75% of total global GDP, which added up to $85.8 trillion in 2018 according to the World Bank. Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com. The Gross Domestic Product (GDP) in the United States was worth 21427.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Share. It's the best way to compare different years. In addition, we use input-output accounts to show how the total output of these identified key industries is distributed to all other industries as inputs, and/or used for final demand (measured by GDP components). The average applied tariff rate is 2.6 percent, and over 2,000 nontariff measures are in force. State and local spending data for individual states begins in 1957. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Agriculture, food, and related industries contributed $1.109 trillion to the U.S. gross domestic product (GDP) in 2019, a 5.2-percent share. U.S. gdp growth rate for 2018 was 3.18%, a 0.97% increase from 2017. A closer view of 2018 shows that the impressive annual real GDP growth of 2.9 percent was bolstered by strong contribution from growth in the professional and business services (0.6 percentage points), followed by the manufacturing; trade, transport, and warehousing; and information industries (close to 0.5 percentage points each) (figure 3). GDP (nominal) of United States has increased by $859 billion in 2019 followed by China with $772 billion. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). GDP (current US$) - European Union, United States, China from The World Bank: Data. ^ Percentage is out of a separate United States GDP total which includes the U.S. territories (21,845,847 million). B. Only the District of Columbia had a decrease in total energy expenditures. volatile industries) 2015-2019, CPI for food and non-alcoholic beverages in the UK 1988-2020, CPI for housing, water, electricity, gas and other fuels in the UK 1988-2020, CPI: health in the United Kingdom 2018-2020, CPI of the transport sector in the UK 2018-2020, CPI of communication sector in UK 2018-2020, CPI for recreation and culture in the UK 1988-2020, CPI of education sector in the UK 2018-2020, CPI of restaurants and hotels in the UK 2018-2020, Preparedness of CFOs for the United Kingdom exit from the EU 2016, Predicted change to company's UK production and/or human resources post Brexit, Predicted effect of Brexit on British and German employment levels 2016, Business perspective: how Brexit would affect revenues of the UK industry in 2016, Business perspective: how Brexit would affect industry investment levels UK 2016, Business perspective: how Brexit would affect industry employment levels UK 2016, Business perspective: how Brexit would affect company revenues in the UK 2016, Business perspective: how Brexit would affect company investment levels UK 2016, Value added to U.S. GDP, by industry 2019, Canada: real Gross Domestic Product (GDP), by province 2019, Percent change in U.S. The GDP value of China represents 11.81 percent of the world economy. Last year's total was 3.6% higher in real terms than 2018 and 7.2% higher than 2010. This first list is a list of countries by military expenditure share of GDP—more specifically, a list of the top 15 countries by percentage share in recent years—the amount spent by a nation on its military as a share of its GDP.. Many people may be aware of the ballooning US government debt, which is now approaching $20 trillion in 2017. IMF forecasts US GDP to reach $20,513 billion and GDP per capita to reach $62,518 by 2018. Please create an employee account to be able to mark statistics as favorites. When measured from the income side, the economy grew at a 2.1% rate in the last quarter, rather than the 2.4% pace estimated in November.

That said, the loss of services spending remains greater than the gain in goods spending, and total consumption spending remains 3.3 percent below pre-pandemic levels — implying a continuing shortage of demand in the economy. US GDP as % of World GDP is at 23.91%, compared to 24.07% last … The Internet's economic impact has doubled since 2007 and now fuels at least six percent of the overall US economy, a study showed Thursday. ... 1960 - 2019 GDP … The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont. During 2018, the US real GDP growth was 2.9%. This implies an increase of 7-times in the US GDP and 5-times in the US GDP per capita from 1980 to 2018. Figures before 2005 were for full years only. Rebasing changes the reference year (or base year) for the real (chained dollar and quantity index) estimates and price indexes and expresses GDP and other NIPA aggregates … Current US GDP Growth Rate is -1.78%. Download historical data for 20 million indicators using your browser. In 2019, the mining industry added 1.5 percent … Once a powerhouse of the U.S. economy, making up about a quarter of GDP in the 1960s, the manufacturing sector has steadily declined in importance. ... 1960 - 2019 GDP … If California were its own nation, it would … Louisiana GDP was $256,918,000,000 in 2019. Find Out . Upgrade now. Chart. Publish your articles and forecasts in our website. Directly accessible data for 170 industries from 50 countries The total value of exports and imports of goods and services equals 27.1 percent of GDP. The stimulus package introduced by the Obama administration in 2009 included USD 288 billion in tax cuts and incentives. In 2019, that was $13.28 trillion. The BEA sub-divides personal consumption expenditures into goods and services. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). That same year, $679.46 billion in exports was with our free trade agreement (FTA) partners. During 2018, the US GDP per capita was $62,606. Most interestingly, the gap between China and the United States is narrowing — and in nominal terms, China’s economy is now 66.4% the size. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. US GDP as a percentage of World GDP: Formula: US GDP * 100.00 / World GDP: Historical Data. US GDP as % of World GDP is at 23.91%, compared to 24.07% last … In this dashboard, we have integrated the most recent medium and long-term forecasts of key economic indicators for G20 countries from major international organizations, namely, the World Bank, IMF, United Nations, OECD, European Commission and the Economist Intelligence Unit. GDP (PPP) Country/Economy GDP (billions of Int. Today, the Bureau of Economic Analysis released its advance estimate for United States GDP for the fourth quarter of 2019 and the entire calendar year … U.S. gdp growth rate for 2017 was 2.22%, a 0.65% increase from 2016. In order to identify the key industries of the economy, we analyze three aspects: each industry’s share in GDP, their respective growth, and the contribution of their growth to overall GDP growth. Agriculture, food, and related industries contributed $1.109 trillion to the U.S. gross domestic product (GDP) in 2019, a 5.2-percent share. The United States economy broke out of its decade-long slough in 2018 with its strongest growth since the financial crisis and recession. Real dollar values expressed in … Direct access to our calendar releases and historical data. (billed annually). If the territories are included, the total is 21,845,847 million. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. In the second quarter, real GDP increased 2.0 percent. View and export this data back to 1960. Gross domestic product increased at a 2.1% annualized rate, the Commerce Department said in its third estimate of third-quarter GDP. Figure 3: Healthcare Spending vs GDP Growth in the United States. The economy, employing 8.51 % of the world employing 8.51 % of u.s. GDP growth rate 2017... This as a percentage of GDP in real terms than 2018 and 7.2 % than! 1998 to 2014, the US GDP which made it the 24th largest economy in the United States GDP which! Gdp during 1980 was $ 2,857 billion and GDP per capita to reach $ 20,513 billion and GDP per to... Represents 11.81 percent of the ballooning US government debt, which is now approaching $ 20 trillion in.... Additional features by authenticating your Admin account per cent in 2019, for! 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