About This Statistic
This graph shows the quarterly growth of the real GDP in the United States from 2009 to 2016. Real Gross Domestic Product is defined as an inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Unlike nominal GDP, real GDP can account for changes in the price level, and provide a more accurate figure. The U.S. GDP increased by 4.3 percent from second quarter of 2014 to the third quarter of 2014. Overall, the US GDP increased by 1.9 percent in 2013, which can be found here.
State of the GDP after recession
The real quarterly U.S. GDP growth in recent years since the recession has been mostly positive with some small exceptions. The GDP in the United States in the first quarter of 2009 experienced a 5.4 percent decrease. The National Bureau of Economic research dates the beginnings of the economic recession at December 2007. In 2006, the collapse of the housing bubble making evident as investment growths in the market turned negative. In 2007, the housing market collapse began to infiltrate the labor markets as unemployment rates started to increase. In 2009, the country’s GDP finally began to improve again, reaching almost 15 trillion U.S. dollars in 2010. In 2010, after the end of the recession, the global GDP increased by 5.38 percent. From 2019 to 2020, global GDP is expected to increase by 3.97 percent, until this time, growth in global GDP is expected to remain positive. Gross domestic product per capita worldwide has increased over the last decade (with the exception of 2009) and reached 10,803.5 U.S. dollars in 2014. As of 2015, Luxembourg had the highest GDP per capita in the world at 96,268.65 U.S. dollars. Still among the top five countries in the world, the United States’ GDP per capita totaled 56,421.39 U.S. dollars.