What was the gross domestic product in 2011?

What was the gross domestic product in 2011?

$15,599,700 million
The GDP figure in 2011 was $15,599,700 million, United States is the world’s leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish.

What was the Gross Domestic Product in 2012?

$16,254,000 million
The GDP figure in 2012 was $16,254,000 million, United States is the world’s leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in United States rose $654,300 million with respect to 2011.

What was the economic growth in 2011?

2.8 percent
According to today’s data release from the Bureau of Economic Analysis, gross domestic product—the broadest measure of the nation’s economic activity—grew at an annualized rate of 2.8 percent in the fourth quarter of 2011, an increase from the previous quarter’s 1.8 percent growth rate and the highest quarterly rate of …

What is meant by the gross domestic product of a country?

Definition. GDP stands for “Gross Domestic Product” and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year). Purpose. GDP is the most commonly used measure of economic activity.

What is the Gross Domestic Product (GDP) of the United States?

The Gross Domestic Product (GDP) in the United States was worth 19390.60 billion US dollars in 2017. The GDP value of the United States represents 31.28 percent of the world 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.

When will the next GDP report be released?

Next release: July 29, 2021 Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 1st Quarter ’21 Current Release

What is the GDP of the United States in 2021?

In the long-term, the United States GDP is projected to trend around 21500.00 USD Billion in 2021 and 22790.00 USD Billion in 2022, according to our econometric models.

What is the current base year for real GDP?

The current base year is 2012. 2  You’ll notice that nominal and real GDP are the same in 2012. Real GDP shows what GDP would have been in each year if it were priced in 2012 dollars. That’s how it removes the effect of inflation.