Macroeconomic Indicators - United States

  • United States
  • The GDP (gross domestic product) in the United States is forecast to amount to US$27.97tn in 2024.
  • The consumer price index in the United States is expected to be 127.70 by 2024.

Key regions: United States, China, Germany, India, United Kingdom

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The macroeconomic indicators domain provides key insights into the economic performance of countries or regions. Notably, emerging economies such as Asia are experiencing substantial GDP growth, contributing to global expansion, while Europe and North America are experiencing steady growth. These regional differences highlight the different levels of economic development and investment prospects. The interconnected nature of this domain means that disruptions in one region reverberate globally, affecting global trade and economic stability. Governments are struggling to manage public finances amid economic fluctuations, underscoring the importance of sustainable growth and debt management. Factors such as taxes, wage growth, and social welfare programs influence disposable income, shaping consumer spending patterns amid evolving behaviors and demographics. Inflation poses challenges for both consumers and businesses, affecting purchasing power and profitability. Future considerations may center on sustainable development, inclusive growth, and addressing income inequality.

Methodology

Data coverage:

The dataset encompasses data from 152 countries. The charts depict the situation of each country in six different domains. These domains are socioeconomic indicators, macroeconomic indicators, health indicators, digital and connectivity indicators, consumption indicators, as well as logistics and transport indicators. Within these domains, various segments are covered, including demography, economic measures, economic inequality, employment, consumption, health determinants, and much more.

Modeling approach:

The composition of each domain follows a comprehensive approach that combines both top-down and bottom-up methodologies, with each domain and segment being guided by a specific rationale. To evaluate the situation of these six domains within each country, we rely on pertinent indicators and data from reputable international institutions, local national statistical offices, industry associations, and leading private institutions. Additionally, we undertake data processing procedures to address issues such as missing timelines, outliers, and data inconsistency. Our data processing incorporates advanced statistical techniques, including interpolation, exponential moving weighted average, and the Savitzky-Golay filter. These methods contribute to the refinement and enhancement of data quality.

Forecasts:

In our forecasting process, a wide range of statistical techniques is utilized based on the characteristics of the markets. For example, the S-curve function is employed to forecast the adoption of new technology, products, and services, aligning the forecast model with the theory of innovation adoption. Additionally, the data is forecasted using ARIMA with and without seasonality considerations, exponential trend smoothing, and the Compound Annual Growth Rate (CAGR), with the option to incorporate adjustment factors when necessary. These techniques enable accurate and reliable forecast methods tailored to the unique characteristics of the data in each market and country.

Additional notes:

The data is updated twice per year or every time there is a significant change in their dynamics. The impacts of the COVID-19 pandemic and of the Russia/Ukraine war are considered at a country-specific level.

Overview

  • GDP
  • CPI
  • Analyst Opinion
  • Methodology
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