Nominal GDP (Current Dollars) vs Yield Curve Spread (10Y - 2Y)
Nominal GDP (Current Dollars) is currently 29.72T (up +0.4T). Yield Curve Spread (10Y - 2Y) is currently 0.4pp (up +0.1pp).
| Metric | Nominal GDP (Current Dollars) | Yield Curve Spread (10Y - 2Y) |
|---|---|---|
| Current value | 29.72T | 0.4pp |
| Previous reading | 29.35T | 0.26pp |
| Change | +0.4T | +0.1pp |
| Trend | up | up |
| Frequency | Quarterly | Daily |
| Source | Bureau of Economic Analysis | Federal Reserve |
| Last updated | 2026-03-27 | 2026-04-04 |
| Category | growth | rates |
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 Yield Curve Spread (10Y - 2Y) measures
The yield curve spread measures the difference between the 10-year and 2-year Treasury yields. When positive (normal), longer-term bonds pay more. When negative (inverted), it historically signals recession risk.
The yield curve has un-inverted to +0.41 percentage points after being inverted for much of 2023-2024. Historically, the yield curve un-inverting and steepening often occurs just before a recession starts — the recession signal is not the inversion itself, but the re-steepening. For executives, this is a watch-closely moment: the economy may be entering a transition period.
Frequently asked
Nominal GDP (Current Dollars) is currently 29.72T, up +0.4T from the previous reading. Source: Bureau of Economic Analysis, updated quarterly.
Yield Curve Spread (10Y - 2Y) is currently 0.4pp, up +0.1pp from the previous reading. Source: Federal Reserve, updated daily.
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 The yield curve has un-inverted to +0.41 percentage points after being inverted for much of 2023-2024. Historically, the yield curve un-inverting and steepening often occurs just before a recession st