US Economy Statistics and Data Trends: GDP growth, inflation ...
Dec 12, 2022 · Find statistics and data trends about the American economy, including the GDP growth, recent jobs and employment reports, investments in small businesses, wealth distribution, and price inflation. We visualize, explain and provide objective context using government data to help you better understand how the American economy is changing.
Just the Facts About the US Economy | USAFacts
Our GDP was over $27 trillion in 2023. We went from 2.5% growth in 2019 to negative 2.2% in 2020 when COVID hit, to a surge of 5.8% in 2021, during the recovery, and now to about 2.5% in 2023. In 2023, real GDP per person in the United States reached a …
2024 Current State of the Union: US Economy - USAFacts
How is the US economy doing? US gross domestic product (GDP) increased 1.9% in 2022 and another 2.5% in 2023. Year-over-year inflation — the rate at which consumer prices increase — was 3.1% in January 2023. The Federal Reserve raised interest rates seven times in 2022 and four times in 2023.
Economy of Arizona Statistics and Data Trends: GDP ranking ...
Aug 30, 2023 · Arizona ranks 18th in economy size among states and Washington, DC. In general, the size of a state’s economy is correlated with the size of its population, though a number of other factors determine its ranking in economic output. Each state’s economy has different strengths based on its natural resources, workforce, and core industries.
US economy statistics, charts, and trends - USAFacts
The trends in housing affordability and subsidized housing. Housing is a key issue impacting many communities across the United States. This guide presents data on subsidized housing availability, rental costs relative to incomes, and homeownership trends to provide a clearer picture of the current housing landscape.
Economy of Michigan Statistics and Data Trends: GDP ranking
Aug 30, 2023 · Michigan ranks 14th in economy size among states and Washington, DC. In general, the size of a state’s economy is correlated with the size of its population, though a number of other factors determine its ranking in economic output. Each state’s economy has different strengths based on its natural resources, workforce, and core industries.
The 2019 economy in review: GDP, employment, income, and …
Oct 15, 2020 · As of the third quarter of 2019, real GDP reached $19.1 trillion, or $58,000 per person. The largest industries contributing to GDP were real estate (13.4% of GDP), professional and business services (12.8%), government (12.3%), and manufacturing (11.0%). However, some industries have recovered from the recession more slowly than others.
How did the economy perform in 2021? - USAFacts
Jan 13, 2022 · As 2021 ends, the US economy is still feeling the effects of the COVID-19 pandemic. In some ways, the economy looks closer to 2019. The unemployment rate continued to drop. Fewer people reported not having enough food to eat. But people also quit their jobs at historically high rates. And inflation rose faster than it has in decades, making ...
Economy of Massachusetts - USAFacts
Aug 30, 2023 · Massachusetts ranks 12th in economy size among states and Washington, DC. In general, the size of a state’s economy is correlated with the size of its population, though a number of other factors determine its ranking in economic output. Each state’s economy has different strengths based on its natural resources, workforce, and core industries.
What do Americans think of the economy? - USAFacts
Aug 28, 2024 · In 2023, 42% of American adults felt that their local economy was in good or excellent shape, up from 38% in 2022. The share of Americans assessing the state of the national economy as good or excellent rose from 18% in 2022 to 22% in 2023. The Federal Reserve produces an annual report on the economic well-being of US households, allowing for ...