"Growth"The growth of just moving in a perpetual range. A lot of people will tell you growth goes up. What if it's purely a function of liquidity and monetary supply?
Key data points
Last release
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Observation period
2023
Next release
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Forecast
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Highest
27.72 T USD on Dec 31, 2023
Lowest
543.30 B USD on Dec 31, 1960
About US GDP
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.
Why The Fed Lowered Rates - My Opinion Part IThere has been a lot of speculation as to why the Fed lowered interest rates by 50bp.
My opinion is the Fed realized the pressure of a stronger US-Dollar and stronger US economy, headed into the POTUS election accompanied with new spending/policy related to a new POTUS, could put the global market
China Is The Next JapanIn the 1980's, Japan was the ascendant global power.
Year after year, Japan's GDP grew, and it seemed like a foregone conclusion that the country would flip the USA in terms of economic output and political standing (as you can see from the chart above).
What happened next? Utter stagnation.
Dem
GDP & Money SupplyThe trajectory of global GDP & Money Supply keeps going up. The World's GDP was 103.86 trillion in 2022 and is forecasted for 112.6 trillion in 2023. As of Nov. 28, 2022, the total global value of the M2 money supply is $82.6 trillion.
Gross domestic product (GDP), is an estimate of the total value
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Frequently Asked Questions
One of the ways to count US GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 US GDP was 27.72 T USD, and the year before it reached 26.01 T USD.
US GDP accounts for 26.11% of the world GDP.
In 2023 US GDP per capita was 65.88 K USD, and in 2022 it reached 64.34 K USD. GDP per capita is gross domestic product divided by a country's population.
Last quarter US real GDP was 23.54 T USD, the quarter before it reached 23.40 T USD.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure US GDP has ever reached is 27.72 T USD.
The lowest ever value US GDP has reached is 543.3 B USD.