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Gross Domestic Product (GDP) in the United States

GDP of the United States, 1970-2015

During 1970-2015 GDP of the United States in current prices increased by 16 960.7 billion US dollars (in 16.8 times) to 18 036.6 billion US dollars; change occurred by 576.7 billion US dollars by increasing of people by 112.3 million, as well as by 16 384.0 billion US dollars by increasing of GDP per capita by 50 918.0 US dollars. The average annual growth of GDP of the United States was 376.9 billion US dollars or 6.5%. The average annual growth of GDP of the United States in constant prices was 2.8%. Share in the world dropped by 7.3%. Share in Americas dropped by 7.7%. Minimal GDP was in 1970 (1 075.9 billion US dollars). Maximal GDP was in 2015 (18 036.6 billion US dollars).

During 1970-2015 GDP per capita in the United States grew by 50 918.0 US dollars (in 10.9 times) to 56 054.0 US dollars. The average annual growth of GDP per capita in current prices was 1 131.5 US dollars or 5.5%.

Change of GDP of the United States described by linear regression model: y=385.8x-760 971.7, where y - estimated value of GDP of the United States, x - year. Correlation rate = 0.986. Determination rate = 0.972.

GDP of the United States, 1970

GDP of the United States in 1970 was 1 075.9 billion US dollars, ranked 1st in the world. Share of the United States in the world GDP was 31.6%.

GDP per capita in the United States in 1970 was worth 5 136.0 US dollars, ranked 2nd in the world and was on par with GDP per capita in Bermuda (5 079.0 US dollars), GDP per capita in Qatar (4 929.0 US dollars). GDP per capita in the United States was greater than GDP per capita in the World (924.0 US dollars) by 4 212.0 US dollars.

Comparison of GDP in the United States and the neighbors in 1970. GDP of the United States was greater than GDP of Canada (87.9 billion US dollars), GDP of Mexico (44.2 billion US dollars), GDP of Cuba (5.7 billion US dollars), GDP of Bahamas (0.6 billion US dollars). GDP per capita in the United States was greater than GDP per capita in Canada (4 100.0 US dollars), GDP per capita in Bahamas (3 356.0 US dollars), GDP per capita in Mexico (850.0 US dollars), GDP per capita in Cuba (653.0 US dollars).

Comparison of GDP in the United States and leaders in 1970. GDP of the United States was greater than GDP of Germany (215.0 billion US dollars) in 5.0 times, GDP of Japan (211.5 billion US dollars) in 5.1 times, GDP of the United Kingdom (130.7 billion US dollars) in 8.2 times, GDP of China (89.6 billion US dollars) in 12.0 times. GDP per capita in the United States was greater than GDP per capita in Germany (2 744.0 US dollars) by 87.2%, GDP per capita in the United Kingdom (2 350.0 US dollars) in 2.2 times, GDP per capita in Japan (2 040.0 US dollars) in 2.5 times, GDP per capita in China (111.0 US dollars) in 46.3 times.

GDP of the United States, 2015

GDP of the United States in 2015 was equal to 18 036.6 billion US dollars, ranked 1st in the world. Share of the United States in the world GDP was 24.3%.

GDP per capita in the United States in 2015 was 56 054.0 US dollars, ranked 11st in the world and was on par with GDP per capita in Denmark (53 149.0 US dollars), GDP per capita in Singapore (52 239.0 US dollars). GDP per capita in the United States was greater than GDP per capita in the World (10 098.0 US dollars) by 45 956.0 US dollars.

Comparison of GDP in the United States and the neighbors in 2015. GDP of the United States was greater than GDP of Canada (1 552.8 billion US dollars), GDP of Mexico (1 140.7 billion US dollars), GDP of Cuba (87.2 billion US dollars), GDP of Bahamas (8.9 billion US dollars). GDP per capita in the United States was greater than GDP per capita in Canada (43 206.0 US dollars), GDP per capita in Bahamas (22 817.0 US dollars), GDP per capita in Mexico (8 981.0 US dollars), GDP per capita in Cuba (7 657.0 US dollars).

Comparison of GDP in the United States and leaders in 2015. GDP of the United States was greater than GDP of China (11 158.5 billion US dollars) by 61.6%, GDP of Japan (4 383.1 billion US dollars) in 4.1 times, GDP of Germany (3 363.6 billion US dollars) in 5.4 times, GDP of the United Kingdom (2 858.0 billion US dollars) in 6.3 times. GDP per capita in the United States was greater than GDP per capita in the United Kingdom (44 162.0 US dollars) by 26.9%, GDP per capita in Germany (41 686.0 US dollars) by 34.5%, GDP per capita in Japan (34 629.0 US dollars) by 61.9%, GDP per capita in China (8 109.0 US dollars) in 6.9 times.

Size of GDP in the United States

Gross Domestic Product (GDP) in the United States, bln. US dollars
Prices197019801990200020102015
current prices1 075.92 862.55 979.610 284.814 964.418 036.6
constant prices19701 075.91 469.52 040.12 864.33 371.53 739.5
20054 339.75 927.18 228.711 553.313 599.315 083.4
Picture. United States: GDP Picture. GDP: share of the United States in the world

GDP in the United States and its neighbors, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
Canada87.9273.8593.9742.31 613.51 552.8
Mexico44.2231.9293.4648.51 049.91 140.7
Cuba5.719.928.630.664.387.2
Bahamas0.571.63.76.37.98.9

GDP in the United States and leaders, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
China89.6305.3398.61 214.96 066.411 158.5
Japan211.51 099.73 140.04 887.55 700.14 383.1
Germany215.0946.71 764.91 950.03 417.13 363.6
United Kingdom130.7565.01 093.21 635.42 429.72 858.0

Growth of GDP in the United States

Picture. United States: GDP, growth Picture. United States: GDP, growth

GDP per capita in the United States

Picture. United States: GDP per capita Picture. United States: GDP per capita

GDP per capita in the United States and its neighbors, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
Canada4 100.011 170.021 471.024 177.047 279.043 206.0
Bahamas3 356.07 504.014 436.021 241.021 921.022 817.0
Mexico850.03 345.03 427.06 308.08 851.08 981.0
Cuba653.02 025.02 707.02 750.05 689.07 657.0

GDP per capita in the United States and leaders, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
United Kingdom2 350.010 049.019 142.027 781.038 741.044 162.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Japan2 040.09 487.025 685.038 878.044 770.034 629.0
China111.0312.0345.0957.04 524.08 109.0

Structure of GDP in the United States

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197078.360.218.121.421.20.36
198077.261.315.923.323.5-0.45
199079.864.015.921.521.2-1.3
200080.166.014.023.623.0-3.7
201085.068.216.918.418.0-3.4
201582.568.114.420.319.8-2.9

© Ivan Kushnir

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