Key data points
Last release
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Next release
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Time to release
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Forecast
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Observation period
Q1 2024
Highest
22.77 TUSDMar 31, 2024
Lowest
2.19 TUSDMar 31, 1950
About US real GDP
Related indicators
Frequently Asked Questions
Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
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.
Last quarter US real GDP was 22.769 T USD, and the quarter before that it reached 22.679 T USD.