Nominal GDP (Current Dollars) vs Industrial Production Index (Monthly Change)
Nominal GDP (Current Dollars) is currently 29.72T (up +0.4T). Industrial Production Index (Monthly Change) is currently -0.3% (down -1.0%).
| Metric | Nominal GDP (Current Dollars) | Industrial Production Index (Monthly Change) |
|---|---|---|
| Current value | 29.72T | -0.3% |
| Previous reading | 29.35T | 0.7% |
| Change | +0.4T | -1.0% |
| Trend | up | down |
| Frequency | Quarterly | Monthly |
| Source | Bureau of Economic Analysis | Federal Reserve |
| Last updated | 2026-03-27 | 2026-03-18 |
| Category | growth | growth |
What Nominal GDP (Current Dollars) measures
Nominal GDP measures the total dollar value of all goods and services produced in the United States at current market prices, without adjusting for inflation. It represents the raw size of the economy.
Nominal GDP shows the absolute size of the U.S. economy in current dollars. At nearly $30 trillion, the U.S. remains the world's largest economy. Executives use nominal GDP to size markets, estimate total addressable revenue, and benchmark company performance against the broader economy. Revenue growing faster than nominal GDP means you're gaining market share.
What Industrial Production Index (Monthly Change) measures
The Industrial Production Index measures the real output of manufacturing, mining, and electric and gas utilities. It is a coincident indicator that moves with the business cycle and reflects the goods-producing sector of the economy.
Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives in manufacturing and industrial sectors, the mixed readings suggest uneven demand rather than a clear downturn. The services sector remains the primary driver of U.S. economic growth.
Frequently asked
Nominal GDP (Current Dollars) is currently 29.72T, up +0.4T from the previous reading. Source: Bureau of Economic Analysis, updated quarterly.
Industrial Production Index (Monthly Change) is currently -0.3%, down -1.0% from the previous reading. Source: Federal Reserve, updated monthly.
Nominal GDP shows the absolute size of the U.S. economy in current dollars. At nearly $30 trillion, the U.S. remains the world's largest economy. Executives use nominal GDP to size markets, estimate t Industrial production fell 0.3% in March after strong February gains. Manufacturing, which accounts for about 75% of the index, has been volatile as companies adjust inventory levels. For executives i